North Peak Capital Management, LLC (New York)


North Peak Capital Management, LLC is a large advisory firm based in New York. It manages $198.25 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2018.

North Peak Capital Management provides portfolio management for individuals and small businesses and 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.

North Peak Capital Management: assets under management

The assets under management (AUM) of North Peak Capital Management, LLC is $198.25 million. The firm's AUM has grown by 458% since the beginning of its operation, and $29.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $191.52 million in discretionary accounts and $6.73 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $63.84 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.73 million.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay North Peak Capital 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 North Peak Capital Management serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of North Peak Capital Management is pooled investment vehicles with 3 clients and $191.52 million of assets under management. Among the 6 most similar advisory firms, North Peak Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $198.25 million for 4 clients. 25% of the firm’s clients are foreign persons or businesses.

North Peak Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.

Careers at North Peak Capital Management, LLC

The company employs 4 people that are either part- or full-time employees. 50 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 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
Jeremy Steven Kahan Chief compliance officer/managing member 1 Jul 2015 50% - 75% 6926997
Michael Kevin Kahan Managing member 1 Jul 2015 50% - 75% 6926999

Based in New York

The principal office where North Peak Capital Management, LLC performs its advisory services is located at 708 Third Avenue, New York, NY 10017, 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) 209-3904. The normal business hours are 8:00am - 6:00pm on Monday - Friday. You can find more information about the New York firm at northpeakcapital.com.

Registered investment advisers similar to North Peak Capital Management, LLC