Granite State Capital Management, LP (Greenwich)

Name: Granite State Capital Management, LP
Address: 2 Greenwich Office Park, Greenwich, CT, 06831
Telephone: 646-688-3231

Granite State Capital Management, LP is a large advisory firm based in Greenwich. It manages $617.59 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Granite State Capital 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.

Granite State Capital Management: assets under management

The assets under management (AUM) of Granite State Capital Management, LP is $617.59 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 472% since the beginning of its operation, and $142.48 million of the total AUM is attributable to clients outside of the United States.

The firm manages $617.59 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $102.93 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Granite State Capital 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 Granite State Capital Management serves?

The only and largest group of clients of Granite State Capital Management is pooled investment vehicles with 6 clients and $617.59 million of assets under management. Among the 11 most similar advisory firms, Granite State Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $617.59 million for 6 clients. 67% of the firm’s clients are foreign persons or businesses.

Granite State Capital Management also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Granite State Capital 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
Steve Tyler Shirreffs	Limited partner	1 Oct 2016	25% - 50%	4871168
David Gordon Shirreffs	Limited partner and president	1 Oct 2016	25% - 50%	2894876
Llc Granite State Capital Management	General partner	1 Oct 2016	Other	284888
William Patrick Merriman	Chief compliance officer and chief financial officer	1 Nov 2016	Other	5984527
Clouds Rest Capital Llc	Limited partner	1 Dec 2016	Other	81-4488244
Llc Crc Gsc	Limited partner	1 Mar 2018	Other	82-3588539

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steve Tyler Shirreffs	Member	1 Jul 2016	50% - 75%	4871168
David Gordon Shirreffs	Member	1 Jul 2016	50% - 75%	2894876
Jeffrey Herman Gelles	Managing member	1 Nov 2016	75% - 100%	2927262
Jeffrey Herman Gelles	Managing member	1 Dec 2016	75% - 100%	2927262
Clouds Rest Capital Llc	Sole managing member	1 Dec 2017	75% - 100%	81-4488244

Based in Greenwich

The principal office where Granite State Capital Management, LP performs its advisory services is located at 2 Greenwich Office Park, Greenwich, CT 06831, 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 646-688-3231 or by fax 646-688-3256. 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 granitestatecap.com/.