Bluespruce Investments, LP (Chicago)

Name: Bluespruce Investments, LP
Address: 444 North Michigan Ave., Chicago, IL, 60611
Telephone: 312-533-3800

Bluespruce Investments, LP is a large advisory firm based in Chicago. It manages $1.86 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Illinois.

Bluespruce Investments 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.

Bluespruce Investments: assets under management

The assets under management (AUM) of Bluespruce Investments, LP is $1.86 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 448% since the beginning of its operation, and $1.86 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.86 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $266.13 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bluespruce Investments, LP 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 Bluespruce Investments serves?

The only and largest group of clients of Bluespruce Investments is pooled investment vehicles with 2 clients and $1.86 billion of assets under management. Among the 9 most similar advisory firms, Bluespruce Investments has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.86 billion for 2 clients. 100% of the firm’s clients are foreign persons or businesses.

Bluespruce Investments also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Bluespruce Investments, LP

The company employs 10 people that are either part- or full-time employees. 100 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
Timothy Marc Hurd	Managing director; limited partner	1 Feb 2013	75% - 100%	4228358
Edward Michael Magnus	Managing director; limited partner	1 Feb 2013	Other	3110694
Edward John Ludwig	Chief financial officer and chief compliance officer	1 Feb 2013	Other	2954051
Llc Bluespruce Gp	General partner	1 Feb 2013	Other	80-0899734
Edward M Magnus	Managing director	1 Feb 2013	Other	3110694
Alexander Robert Ripley	Managing director; limited partner	1 Mar 2013	Other	2898581
Jie Nmn Zhu	Partner; limited partner	1 Jan 2017	Other	4679402

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Timothy Marc Hurd	Sole member	1 Jan 2013	75% - 100%	4228358

Based in Chicago

The principal office where Bluespruce Investments, LP performs its advisory services is located at 444 North Michigan Ave., Chicago, IL 60611, 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 312-533-3800 or by fax 312-533-3829. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at bluesprucelp.com.