Semper Capital Management, L.P. (New York)

Name: Semper Capital Management, L.P.
Address: 52 Vanderbilt Avenue, New York, NY, 10017 3851
Telephone: 212-612-9000

Semper Capital Management, L.P. is a large advisory firm based in New York. It manages $2.94 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida, New York, and Pennsylvania.

Semper Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Semper Capital Management: assets under management

The assets under management (AUM) of Semper Capital Management, L.P. is $2.94 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 189% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.94 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.05 million each.

Investments

The firm invests in other assets the most. They account for 72% of the total AUM. The second-largest asset type is government bonds, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

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

The firm provides services to investment companies, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Semper Capital Management is investment companies with 3 clients and $2.18 billion of assets under management. Among the 8 most similar advisory firms, Semper Capital Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.94 billion for 13 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Semper Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Semper Capital Management, L.P.

The company employs 22 people that are either part- or full-time employees. 27 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jerald P. Menozzi has served as the Chief Investment Officer since 1 May 2010 and Gregory Allen Parsons is the Chief Executive Officer of Semper Capital Management, L.P. family office. Thomas Benjamin Mandel joined the executive team most recently as the Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Benin Holdings Llc	Limited partner	1 Jul 2006	Other	20-5160504
L. P. Utendahl Management	Limited partner	1 Jul 2006	Other	13-3769883
L.L.C. Ucm Holdings	Limited partner	1 Jul 2006	Other	04-3651341
Benin Holding Llc	Limited partner	1 Jul 2006	Other	20-5160504
Martinnette Jeske Witrick	Chief compliance officer	1 Oct 2006	Other	707935
Rdp I Llc	Limited partner	1 Jul 2008	25% - 50%	26-3137591
Llc Advent Capital Management	Limited partner	1 Jan 2010	Other	113013
Semper Capital Partners Llc	General partner	1 Apr 2010	Other	27-1890249
Llc Ucm Partners Ii	General partner	1 Apr 2010	25% - 50%	27-1890249
Jerald P. Menozzi	Chief investment officer	1 May 2010	Other	5791031
Jay Menozzi	Chief investment officer	1 May 2010	Other	5791031
Gregory William Ellis	President and chief operating officer	1 Sep 2010	Other	2549220
Gregory Allen Parsons	Chief executive officer	1 Dec 2010	Other	3148868
Ria Allison Davis	Chief compliance officer	1 May 2013	Other	3187639
Rsl Capital Llc	Limited partner	1 Nov 2014	25% - 50%	45-4156079
Christopher Raymond Mendez	Chief compliance officer	1 Jan 2017	Other	6039943
Zachary Todd Cooper	Chief investment officer	1 Jan 2017	Other	2586875
Thomas Benjamin Mandel	Chief investment officer	1 Mar 2018	Other	1570248

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Utendahl Capital Corporation	General partner	1 Oct 1992	75% - 100%	13-3663001
John Oscar Utendahl	Chairman	1 Oct 1992	75% - 100%	1055234
Ronald Steven Lauder	Member	1 May 1998	75% - 100%	6424107
John Oscar Utendahl	President	1 Jun 2006	50% - 75%	1055234
Andrew Jay Astrachan	Member	1 Jul 2006	50% - 75%	1002815
Jack Binion	Member	1 Jul 2006	50% - 75%	5201607
John Oscar Utendahl	General partner	1 Jul 2006	75% - 100%	1055234
Llc Bfh Utendahl Investors	Member	1 Jul 2006	25% - 50%	20-5348312
Richard D Parsons	Managing member	1 Jul 2008	75% - 100%	2051375
Gregory Allen Parsons	Managing member	1 May 2010	25% - 50%	3148868
Gregory William Ellis	Member	1 Oct 2014	25% - 50%	2549220

Based in New York

The principal office where Semper Capital Management, L.P. performs its advisory services is located at 52 Vanderbilt Avenue, New York, NY 10017 3851, 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 212-612-9000 or by fax 212-425-4199. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at semperfunds.com.