Sterling Fund Management, LLC (Chicago)

Name: Sterling Fund Management, LLC
Address: 401 North Michigan Avenue, Chicago, IL, 60611
Telephone: 312-465-7000

Sterling Fund Management, LLC is a large advisory firm based in Chicago. It manages $2.04 billion of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Illinois and Maryland.

Sterling Fund Management provides portfolio management for pooled investment vehicles and investment management services for private funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sterling Fund Management: assets under management

The assets under management (AUM) of Sterling Fund Management, LLC is $2.04 billion. The firm's AUM has gone down by -63% since the beginning of its operation, and $849.1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.14 billion in discretionary accounts and $897.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $75.95 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $89.73 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sterling Fund Management, LLC 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 Sterling Fund Management serves?

The only and largest group of clients of Sterling Fund Management is pooled investment vehicles with 25 clients and $2.04 billion of assets under management. Among the 12 most similar advisory firms, Sterling Fund Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.04 billion for 25 clients. 42% of the firm’s clients are foreign persons or businesses.

Sterling Fund Management also advises several private funds. Namely, twenty six private equity funds. The minimum investment commitment required of non-related persons ranges from $5,000 to $200,000,000.

Careers at Sterling Fund Management, LLC

The company employs 43 people that are either part- or full-time employees. 40 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
Steven Michael Taslitz	Manager and senior managing director of sterling fund management, llc and manager of sterling fund management holdings gp, llc	1 May 2000	Other	2826397
Eric David Becker	Manager and senior managing director of sterling fund management, llc and manager of sterling fund management holdings gp, llc	1 May 2000	Other	6024060
Rudolf Christopher Hoehnsaric	Manager and senior managing director of sterling fund management, llc and manager of sterling fund management holdings gp, llc	1 May 2000	Other	2818443
Douglas Lee Becker	Manager of sterling fund management, llc and manager of sterling fund management holdings gp, llc	1 May 2000	Other	2818438
Merrick M (Mi Only) Elfman	Manager,senior managing director of sterling fund management,llc;member of a manager of sterling fund management holdings gp,llc	1 May 2000	Other	1202510
Tom David Wippman	General counsel and senior vice president	1 May 2000	Other	2958050
Elfman Venture Partners	Managing member, member	1 Jan 2001	Other	36-3518395
Llc Elfman Venture Partners	Managing member, member	1 Jan 2001	Other	36-3518395
Jeffrey Robert Schechter	Chief operating officer	1 Jul 2006	Other	6024127
Maury Avram Epstein	Chief compliance officer and general counsel	1 Apr 2008	Other	6024125
Jeffrey William Elburn	Chief financial officer	1 Feb 2013	Other	4281264
L.P. Sterling Fund Management Holdings	Member	1 Jan 2014	75% - 100%	90-1035249

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Merrick M (Mi Only) Elfman	Managing member, member	1 Jan 2001	75% - 100%	1202510
Llc Sterling Fund Management Holdings Gp	General partner of the sole member of sterling fund management, llc	1 Jan 2014	Other	90-1035134
Steven Michael Taslitz	Member	1 Jan 2014	25% - 50%	2826397
Rudolf Christopher Hoehn Saric	Member	1 Jan 2014	25% - 50%	5351347
Douglas Lee Becker	Member	1 Jan 2014	25% - 50%	2818438

Based in Chicago

The principal office where Sterling Fund Management, LLC performs its advisory services is located at 401 North Michigan Avenue, Chicago, IL 60611, which is also the mailing address of the firm. An additional office of the firm is in Baltimore, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-465-7000 or by fax 312-465-7001. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at sterlingpartners.com.