ALPine Grove Partners LLP (New York)

Name: ALPine Grove Partners LLP
Address: 405 Lexington Avenue, New York, NY, 10174
Telephone: 212-710-7875

ALPine Grove Partners LLP is a large advisory firm based in New York. It manages $1.24 billion of regulatory assets for 33 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of New York.

ALPine Grove Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

ALPine Grove Partners: assets under management

The assets under management (AUM) of ALPine Grove Partners LLP is $1.24 billion. The firm's AUM has grown by 0% since the beginning of its operation, and $1.19 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $751.01 million in discretionary accounts and $485.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $30.04 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $60.71 million.

ALPine Grove Partners has custody of $1.02 billion in cash and securities for 33 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay ALPine Grove Partners LLP 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 ALPine Grove Partners serves?

The only and largest group of clients of ALPine Grove Partners is pooled investment vehicles with 33 clients and $1.24 billion of assets under management. Among the 11 most similar advisory firms, ALPine Grove Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.24 billion for 33 clients. 74% of the firm’s clients are foreign persons or businesses.

ALPine Grove Partners also advises several private funds. Namely, eighteen real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at ALPine Grove Partners LLP

The company employs 21 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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
Richard Evans Georgi	Managing partner	1 Oct 2004	Other	2270220
Markus Alexander Hens	Managing partner	1 Oct 2004	25% - 50%	6024056
Red Bull Investments L.L.C.	Limited liability partner	1 Jan 2007	25% - 50%	20-0249899
Michael Paul Bidinger	Limited liability partner & chief financial officer	1 Jan 2014	Other	2771013
Krzysztof Augustynowicz	Chief compliance officer	1 Jan 2017	Other	6749208
Rohit Nmn Wanchoo	Limited liability partner	1 Jan 2017	Other	6777527
Blue Hawk Holding B.V.	Limited liability partner	1 Feb 2018	Other	858485035

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Trust Richard E. Georgi Iii	Member	1 May 2007	75% - 100%	xxx-xx-xxxx
Richard Evans Georgi	Shareholder	1 Jul 2009	75% - 100%	2270220
Brown Bison Management Inc.	Trustee	1 Mar 2011	75% - 100%	27-0620149
Harald Alexander Wassink	Director	1 Feb 2018	75% - 100%	6932763

Based in New York

The principal office where ALPine Grove Partners LLP performs its advisory services is located at 405 Lexington Avenue, New York, NY 10174, 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 212-710-7875 or by fax 212-710-9930. The normal business hours are 9am - 5 pm on Monday - Friday. You can find more information about the New York firm at alpinegrovepartners.com and its LinkedIn profile.