Steelhead Partners,LLC (Bellevue)

Name: Steelhead Partners,LLC
Address: 333 108 Th Ave. Ne, Bellevue, WA, 98004
Telephone: 425-974-3788

Steelhead Partners,LLC is a large advisory firm based in Bellevue. It manages $1.65 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Washington.

Steelhead Partners 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.

Steelhead Partners: assets under management

The assets under management (AUM) of Steelhead Partners,LLC is $1.65 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 285% since the beginning of its operation, and $772.66 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.65 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $165.36 million each.

Steelhead Partners has custody of $4.66 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in non-exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Steelhead Partners,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 Greg Martin Stevenson serves?

The only and largest group of clients of Greg Martin Stevenson is pooled investment vehicles with 8 clients and $1.63 billion of assets under management. Among the 11 most similar advisory firms, Steelhead Partners has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.63 billion for 8 clients. 50% of the firm’s clients are foreign persons or businesses.

Steelhead Partners also advises several private funds. Namely, two hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Steelhead Partners,LLC

The company employs 13 people that are either part- or full-time employees. 31 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.

Greg Martin Stevenson has been acting as President since 1 Jun 2010. The Schaefer Family Trust joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Michael Johnston	Member-manager	1 Oct 1996	75% - 100%	2823931
Brian Katz Klein	Member-manager	1 Oct 1996	Other	2174601
Carol Rebecca Lokey	Chief compliance officer and chief financial officer	1 Jan 2004	Other	2468668
Greg Martin Stevenson	President	1 Jun 2010	Other	4656268
Grant William Hulse	Chief financial officer/chief operating officer	1 Jun 2010	Other	5893866
Brent Eugene Binge	General counsel and chief compliance officer	1 Jul 2010	Other	4771438
Scott Bradley Schaefer	Managing member	1 Mar 2019	Other	5073572
The Schaefer Family Trust	Member	1 May 2019	25% - 50%	xxx-xx-xxxx

Based in Bellevue

The principal office where Steelhead Partners,LLC performs its advisory services is located at 333 108 Th Ave. Ne, Bellevue, WA 98004, 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 425-974-3788 or by fax 425-974-3799. The normal business hours are 6:30 a.m. to 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at steelheadpartners.com.