Solar Capital Partners, LLC (New York)

Solar Capital Partners, LLC is a large advisory firm based in New York. It manages $3.79 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2007.

Solar Capital Partners 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.

Solar Capital Partners: assets under management

The assets under management (AUM) of Solar Capital Partners, LLC is $3.79 billion. The firm's AUM has grown by 216% since the beginning of its operation, and $81.5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.46 billion in discretionary accounts and $329.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $577.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $109.72 million.

Solar Capital Partners has custody of $329.17 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Solar Capital Partners, 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 Solar Capital Partners serves?

The firm provides services to pooled investment vehicles, business development companies, corporations or other businesses, and state or municipal government entities. The largest group of clients of Solar Capital Partners is business development companies with 3 clients and $2.47 billion of assets under management. Among the 3 most similar advisory firms, Solar Capital Partners has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $3.79 billion for 9 clients. 10% of the firm’s clients are foreign persons or businesses.

Solar Capital Partners also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Solar Capital Partners, LLC

The company employs 38 people that are either part- or full-time employees. 53 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Stuart Gross	Managing member	1 Jan 2007	50% - 75%	4374811
Bruce John Spohler	Senior vice president & partner	1 Jan 2007	25% - 50%	1886657
Michael Gross	Managing member & chief compliance officer	1 Jan 2007	75% - 100%	4374811
Edward James Cook	Chief compliance officer	1 Oct 2008	Other	5524274
Nicholas A Radesca	Chief financial officer	1 Oct 2008	Other	5606797
Richard Louis Peteka	Chief financial officer	1 May 2012	Other	2008317
Guy Francis Talarico	Chief compliance officer	1 Feb 2016	Other	4865564

Based in New York

The principal office where Solar Capital Partners, LLC performs its advisory services is located at 500 Park Avenue, New York, NY 10022, 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 212-993-1670 or by fax 212-994-8545. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.