Halcyon Capital Management LP (New York)

Name: Halcyon Capital Management LP
Address: 477 Madison Avenue, New York, NY, 10022
Telephone: 212-303-9400

Halcyon Capital Management LP is a large advisory firm based in New York. It manages $10.98 billion of regulatory assets for 62 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Halcyon Capital Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and collateral management for clo entities. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Halcyon Capital Management: assets under management

The assets under management (AUM) of Halcyon Capital Management LP is $10.98 billion. The firm's AUM has grown by 10% since the beginning of its operation, and $10.35 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $10.79 billion in discretionary accounts and $189.14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $179.88 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $94.57 million.

Investments

The firm invests in other assets the most. They account for 36% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 30% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Halcyon Capital Management LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Halcyon Capital Management serves?

The only and largest group of clients of Halcyon Capital Management is pooled investment vehicles with 33 clients and $2.95 billion of assets under management. Among the 10 most similar advisory firms, Halcyon Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.95 billion for 33 clients. 71% of the firm’s clients are foreign persons or businesses.

Halcyon Capital Management also advises several private funds. Namely, nineteen hedge funds, one other private fund, one private equity fund, and twenty two securitized asset funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $200,000,000.

Careers at Halcyon Capital Management LP

The company employs 92 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Michael Bader	Chairman, chief executive officer, managing principal, executive committee member	1 Jan 1996	Other	1622355
Thomas Paul Hirschfeld	Chief operating officer, managing principal, executive committee member	1 Jan 2006	Other	1574394
Aaron Goldberg	Chief financial officer, managing principal, executive committee member	1 May 2006	Other	4650748
Joseph Wolf Hill	Vice chairman, director of client relations, managing principal, executive committee member	1 Aug 2006	Other	849241
Kevah Ross Konner	Executive vice chairman, chief risk officer, managing principal, portfolio manager, executive committee member	1 Aug 2006	Other	1387228
Joseph Paul Wolnick	Chief investment officer, managing principal of halcyon asset-backed advisors	1 Aug 2006	Other	5198105
James Joseph Coppola	Managing principal, portfolio manager of halcyon asset-backed advisors	1 Aug 2006	Other	2506050
Joseph James Godley	Managing principal, portfolio manager of halcyon asset-backed advisors	1 Aug 2006	Other	5198100
Manish Kumar Mital	Chief operating officer, general counsel, managing principal, executive committee member	1 Dec 2008	Other	5314435
Suzanne Mcdermott	Chief compliance officer, associate general counsel, managing principal	1 Dec 2008	Other	5631150
Brian Ross Smead	Executive committee member, chief investment officer, portfolio manager, managing principal of halcyon loan management	1 Dec 2009	Other	5208228
Brian Thomas Yorke	Portfolio manager, head trader, managing principal of halcyon loan management	1 Dec 2009	Other	5208232
David Numa Snyder	Portfolio manager of halcyon loan management	1 Dec 2009	Other	5773960
Dyal Capital Partners (A) Lp	Limited partner	1 Dec 2012	Other	46-0525083
Halcyon Management Partners Lp	Limited partner	1 Dec 2012	75% - 100%	90-0919086
Halcyon Management Holdings Gp Llc	General partner	1 Dec 2012	Other	80-0877805
James Patrick Mcginnis	Chief investment officer, managing principal of halcyon energy investors	1 Jan 2013	Other	1983167
Halcyon Management Partners Lp	Limited partner	1 May 2013	75% - 100%	90-0919086
Halcyon Management Holdings Gp Llc	General partner	1 May 2013	Other	80-0877805
Jason O Dillow	Vice chairman, chief investment officer, portfolio manager, managing principal, executive committee member	1 Jan 2014	Other	4430538
John Winand Greene	Portfolio manager, managing principal	1 Jan 2014	Other	4044920
Igor Fuks	Investment committee member of halcyon long duration recoveries management	1 Feb 2015	Other	5520349
Damien Michael Miller	Managing principal of halcyon credit management; portfolio manager	1 Jun 2015	Other	4777525
Mark Nelson Simons	Portfolio manager of halcyon arbitrage management	1 Nov 2015	Other	1967811
Brian Ross Smead	Vice chairman, executive committee member	1 Jan 2016	Other	5208228
Jacob Zvi Fishelis	Chief financial officer	1 Jan 2017	Other	6745019
Brian Thomas Mchugh	Portfolio manager of halcyon loan management	1 Feb 2017	Other	6757124
L.P. Cairo Management Holdings	Limited partner	1 Oct 2018	Other	83-1947285

Indirect Owners

The SEC currently registers 13 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Nb Alternatives Holdings Llc	Managing member	1 May 2009	75% - 100%	80-0357916
Neuberger Berman Group Llc	Managing member	1 May 2009	75% - 100%	61-1591182
Llc Nbsh Acquisition	Member	1 May 2009	75% - 100%	26-4383171
Nb Dyal Associates Lp	General partner	1 Feb 2010	Other	98-0657386
Nb Dyal Gp Holdings Llc	General partner	1 Feb 2010	Other	27-2302165
Nb Alternatives Gp Holdings Llc	Managing member	1 Feb 2010	75% - 100%	80-0357937
John Michael Bader	Managing principal	1 Dec 2012	25% - 50%	1622355
Halcyon Management Partners Gp Llc	General partner	1 Dec 2012	Other	46-1589073
John Michael Bader	Managing principal	1 May 2013	25% - 50%	1622355
Alan Samuel Waxman	Limited partner	1 Aug 2014	25% - 50%	3102837
L.P. Tssp Management Holdings	Limited partner	1 Jun 2017	75% - 100%	82-1049549
Jason O Dillow	Chief executive officer	1 Oct 2018	50% - 75%	4430538
L.P. Tpg Special Situations Partners Management Company	Limited partner	1 Oct 2018	75% - 100%	45-4758304

Based in New York

The principal office where Halcyon Capital Management LP performs its advisory services is located at 477 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-303-9400 or by fax 212-935-1831. The normal business hours are 8:30 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at halcyonllc.com.