Arel Capital, LP (New York)


Arel Capital, LP is a large advisory firm based in New York. It manages $585.9 million of regulatory assets for 38 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New York.

Arel Capital 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.

Arel Capital: assets under management

The assets under management (AUM) of Arel Capital, LP is $585.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 641% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $585.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $15.42 million each.
Arel Capital has custody of $2.37 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Arel Capital, LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Arel Capital serves?

The only and largest group of clients of Arel Capital is pooled investment vehicles with 38 clients and $585.9 million of assets under management. Among the 8 most similar advisory firms, Arel Capital has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $585.9 million for 38 clients. None of the firm’s clients are foreign persons or businesses.

Arel Capital also advises several private funds. Namely, thirty eight real estate funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Arel Capital, LP

The company employs 18 people that are either part- or full-time employees. 50 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
Makhlouf Gabriel Bousbib Limited partner and chief compliance officer 1 Jan 2013 25% - 50% 1760043
Richard Graham Leibovitch Limited partner 1 Jan 2013 25% - 50% 2455747
Gabriel Bousbib Managing partner and chief compliance officer 1 Jan 2013 25% - 50% 1760043
Edward T Schiff Partner 1 Jan 2013 Other 4424720
Howard Michael Corb Partner 1 Jan 2013 Other 2651543
Eric A. Lagdameo Partner 1 Jan 2013 Other 6312927
Edward Turner Schiff Limited partner 1 Jan 2013 Other 4424720
Eric Anai Paolo Lagdameo Limited partner 1 Jan 2013 Other 6312927
Edward Turner Schiff Limited partner 1 May 2013 Other 4424720
Howard Michael Corb Limited partner 1 May 2013 Other 2651543
Eric Anai Paolo Lagdameo Limited partner 1 Jul 2013 Other 6312927
Arel Partners Llc General partner 1 Jul 2013 Other 46-3289999
George Henry Yepes Limited partner 1 Jan 2015 Other 1712410
Christopher Michael Aliprandi Chief compliance officer, chief financial officer 1 Feb 2016 Other 1559387

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Makhlouf Gabriel Bousbib Member 1 Jul 2013 25% - 50% 1760043
Richard Graham Leibovitch Managing member 1 Jul 2013 50% - 75% 2455747

Based in New York

The principal office where Arel Capital, LP performs its advisory services is located at 540 Madison Ave., 26 Th Floor, 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 212-920-4901 or by fax 646-349-1995. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at areal.altastreet.net/firm.