Capricorn Investment Group LLC is a large advisory firm based in Palo Alto. It manages $4.54 billion of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California and New York.
Capricorn Investment Group provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Capricorn Investment Group LLC is $4.54 billion. The firm's AUM has grown by 25% since the beginning of its operation, and $181.69 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Capricorn Investment Group 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.
The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Capricorn Investment Group is high net worth individuals with 8 clients and $2.7 billion of assets under management. Among the 8 most similar advisory firms, Capricorn Investment Group has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $4.54 billion for 21 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 43% of the firm’s clients are foreign persons or businesses.
Capricorn Investment Group also advises several private funds. Namely, one other private fund, two private equity funds, and two venture capital funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 27 people that are either part- or full-time employees. 41 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.
Stephen Joseph George has served as the Chief Investment Officer since 1 Apr 2007. Dipender (Nmn) Saluja joined the executive team most recently as the Member (Tif Partners, Llc).
The principal office where Capricorn Investment Group LLC performs its advisory services is located at 250 University Avenue, Palo Alto, CA 94301, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 650-331-8800 or by fax 650-331-8802. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at capricornllc.com.