Northern Right Capital Management, L.P. (Darien)

Name: Northern Right Capital Management, L.P.
Address: 9 Old Kings Hwy. South, Darien, CT, 06820
Telephone: 203-951-5440

Northern Right Capital Management, L.P. is a large advisory firm based in Darien. It manages $192.56 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Connecticut.

Northern Right Capital 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.

Northern Right Capital Management: assets under management

The assets under management (AUM) of Northern Right Capital Management, L.P. is $192.56 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and $1.99 million of the total AUM is attributable to clients outside of the United States.

The firm manages $192.56 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $38.51 million each.

Northern Right Capital Management has custody of $166.98 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Northern Right Capital Management, L.P. 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 Northern Right Capital Management serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Northern Right Capital Management is pooled investment vehicles with 3 clients and $168.97 million of assets under management. Among the 10 most similar advisory firms, Northern Right Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $192.56 million for 5 clients. 20% of the firm’s clients are foreign persons or businesses.

Northern Right Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Northern Right Capital Management, L.P.

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 2 people 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
Llc Bc Advisors	General partner	1 Sep 2004	Other	20-1718091
Matthew Adam Drapkin	Class a limited partner	1 Jan 2010	75% - 100%	3107808
Adam Cina	Chief compliance officer and chief financial officer	1 Dec 2015	Other	6047138

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven Robert Becker	Class b member	1 Sep 2004	Other	2731269
Matthew Adam Drapkin	Class a member	1 Dec 2009	75% - 100%	3107808

Based in Darien

The principal office where Northern Right Capital Management, L.P. performs its advisory services is located at 9 Old Kings Hwy. South, Darien, CT 06820, 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 203-951-5440 or by fax 203-202-9823. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at northernrightcap.com.