Northwood Liquid Management LP (New York)

Name: Northwood Liquid Management LP
Address: 575 Fifth Ave, 23 Rd Floor, New York, NY, 10017
Telephone: 212.468.0163

Northwood Liquid Management LP is a large advisory firm based in New York. It manages $258.37 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Northwood Liquid Management 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.

Northwood Liquid Management: assets under management

The assets under management (AUM) of Northwood Liquid Management LP is $258.37 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1647% since the beginning of its operation, and $63.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $258.37 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $64.59 million each.

Northwood Liquid Management has custody of $106.89 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 45% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Northwood Liquid Management 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 Northwood Liquid Management serves?

The only and largest group of clients of Northwood Liquid Management is pooled investment vehicles with 3 clients and $106.89 million of assets under management. Among the 11 most similar advisory firms, Northwood Liquid Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $106.89 million for 3 clients. 50% of the firm’s clients are foreign persons or businesses.

Northwood Liquid Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Northwood Liquid Management LP

The company employs 6 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
William John Bruce	Chief compliance officer and chief financial officer	1 Jun 2017	Other	5124532
Nwi Nlo Partners Llc	Limited partner	1 Jul 2017	25% - 50%	82-2183506
Milnuck Management Lp	Limited partner	1 Jul 2017	25% - 50%	82-2211083
Northwood Liquid Management Gp Llc	General partner	1 Jul 2017	Other	82-1401774
Stephen Lewis Millham	Chief compliance officer, chief investment officer	1 May 2019	Other	2790136

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Riverside Investment Holdings Llc	Member	1 Jul 2017	75% - 100%	20-0415439
Raleigh W Nuckols	Limited partner	1 Jul 2017	25% - 50%	4816244
Stephen Lewis Millham	Limited partner	1 Jul 2017	25% - 50%	2790136
Llc Nwi Nlo Partners	Managing member	1 Jul 2017	50% - 75%	82-2183506
Millnuck Management Gp Llc	Managing member	1 Jul 2017	50% - 75%	82-2211083
John Zavertnik Kukral	Member	1 Jul 2017	75% - 100%	2158611

Based in New York

The principal office where Northwood Liquid Management LP performs its advisory services is located at 575 Fifth Ave, 23 Rd Floor, New York, NY 10017, 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 212.468.0163. The normal business hours are 09:00 am - 05:00 pm on Monday - Friday. You can find more information about the New York firm at northwoodliquid.com.