Alcentra Ny, LLC (New York)

Name: Alcentra Ny, LLC
Address: 200 Park Avenue, New York, NY, 10166
Telephone: 212-922-8240

Alcentra Ny, LLC is a large advisory firm based in New York. It manages $16.12 billion of regulatory assets for 59 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Delaware, Massachusetts, and New York.

Alcentra Ny provides 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.

Alcentra Ny: assets under management

The assets under management (AUM) of Alcentra Ny, LLC is $16.12 billion. The firm's AUM has grown by 322% since the beginning of its operation, and $14.17 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $15.92 billion in discretionary accounts and $200.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $279.31 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $100.03 million.

Alcentra Ny has custody of $239.55 million in cash and securities for 6 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 61% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 18% of the firm’s portfolio. Investments in pooled investment vehicles form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alcentra Ny, 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 Alcentra Ny serves?

The firm provides services to investment companies, pooled investment vehicles, business development companies, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Alcentra Ny is pooled investment vehicles with 52 clients and $13.49 billion of assets under management. Among the 4 most similar advisory firms, Alcentra Ny has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $16.12 billion for 59 clients. 80% of the firm’s clients are foreign persons or businesses.

Alcentra Ny also advises several private funds. Namely, three hedge funds, nine other private funds, two private equity funds, and eighteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $7,500,000.

Careers at Alcentra Ny, LLC

The company employs 113 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Mitchell Evan Harris joined the executive team most recently as the Board Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Bny Alcentra Group Holdings	Shareholder	1 Jan 2006	75% - 100%	57-1236745
David Forbes Nixon	Chief executive officer	1 Nov 2007	Other	5648371
Robert Boyd Bennett	Chief operating officer	1 Nov 2007	Other	5648285
Paul Michael Hatfield	Board member, president and chief investment officer	1 Sep 2008	Other	5627730
Leonie Lillith Burke	Chief compliance officer	1 Feb 2009	Other	1913624
David Forbes Nixon	Board chairman	1 Jul 2009	Other	5648371
Mitchell Evan Harris	Board member	1 Jul 2009	Other	4359464
Daniel Steven Fabian	Chief financial officer	1 Jul 2009	Other	6159551
Mary Ann C. Iudice	Chief compliance officer	1 Jul 2009	Other	2796437
Ilana Ruth Marcus	Chief compliance officer	1 May 2010	Other	1743010
Leonie Lillith Burke	Chief compliance officer	1 Jul 2011	Other	1913624
Steven Mitchell Levinson	Chief compliance officer	1 Oct 2011	Other	2768832
Helen Lynn Tidd	Chief administrative officer	1 Feb 2014	Other	6315422
Mark David Santero	Board member	1 Sep 2014	Other	1148011
John Francis Yang	Global head of business development and head of the americas	1 Dec 2014	Other	1836254
Gregory Allan Brisk	Board member	1 Jan 2016	Other	5859270
Joseph Patrick Gennaco	Board member	1 Jul 2016	Other	1710391
Kevin L Cronk	Board member, head of research	1 Jul 2016	Other	2232236
David Forbes Nixon	Chief executive officer	1 Aug 2016	Other	5648371
Vijay Nmn Rajguru	Board member, co-chief investment officer	1 Nov 2017	Other	2516784
Leland Tiffany Hart	Board member, head of us loans and bonds	1 Jan 2018	Other	2452361
Inc. Alcentra Us	Shareholder	1 Feb 2018	75% - 100%	33-0832866
Stephen Scott	Board member	1 Mar 2018	Other	6931683
Mitchell Evan Harris	Board member	1 Jan 2019	Other	4359464
Suhail Ahmad Shaikh	Board member, head of us direct lending	1 Jan 2019	Other	2796110

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Bank Of New York Mellon Corporation	Shareholder	1 Jan 2006	75% - 100%	13-2614959
Inc. Bny Alcentra Group Holdings	Shareholder	1 Nov 2015	75% - 100%	57-1236745
The Bank Of New York Mellon Corporation	Shareholder	1 Dec 2016	75% - 100%	13-2614959
The Bank Of New York Mellon Corporation	Shareholder	1 Apr 2017	75% - 100%	13-2614959
Mbc Investments Corporation	Shareholder	1 Apr 2017	75% - 100%	13-2614959
Llc Bny Mellon Ihc	Shareholder	1 Apr 2017	75% - 100%	13-2614959

Based in New York

The principal office where Alcentra Ny, LLC performs its advisory services is located at 200 Park Avenue, New York, NY 10166, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-922-8240 or by fax 212-922-8259. The normal business hours are 7:00 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at alcentra.com.