Omega Fund Management, LLC (Boston)

Name: Omega Fund Management, LLC
Address: 888 Boylston Street, Boston, MA, 02199
Telephone: 617-502-6535

Omega Fund Management, LLC is a large advisory firm based in Boston. It manages $1.04 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Massachusetts.

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

Omega Fund Management: assets under management

The assets under management (AUM) of Omega Fund Management, LLC is $1.04 billion. The firm's AUM has grown by 18% since the beginning of its operation, and $1.04 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.04 billion in discretionary accounts and $3.32 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $173.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.32 million.

Investments

The firm invests in non-exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

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

The firm provides services to other investment advisers and pooled investment vehicles. The largest group of clients of Omega Fund Management is pooled investment vehicles with 6 clients and $1.04 billion of assets under management. Among the 8 most similar advisory firms, Omega Fund Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.04 billion for 7 clients. 100% of the firm’s clients are foreign persons or businesses.

Omega Fund Management also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Omega Fund Management, LLC

The company employs 12 people that are either part- or full-time employees. 42 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 Jinkyu Lim	Manager & member	1 Mar 2009	Other	6023416
Anne Mari Johanna Paster	Chief financial officer	1 Apr 2009	Other	6023365
Otello Stampacchia	Manager	1 Apr 2015	Other	6023432
Clessidra Llc	Member	1 Apr 2015	50% - 75%	98-1221018
Mark Emerson Russell	Chief compliance officer	1 Mar 2016	Other	6626991
Claudio Pier Antonio Nessi	Manager & member	1 Nov 2016	Other	6736523

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Otello Stampacchia	Member and manager	1 Feb 2015	75% - 100%	6023432

Based in Boston

The principal office where Omega Fund Management, LLC performs its advisory services is located at 888 Boylston Street, Boston, MA 02199, 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 617-502-6535 or by fax 617-421-8664. 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 omegafunds.net/.