Aetos Alternatives Management, L.P. (New York)


Aetos Alternatives Management, L.P. is a large advisory firm based in New York. It manages $11.31 billion of regulatory assets for 177 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Connecticut, Massachusetts, and New York.

Aetos Alternatives Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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.

Aetos Alternatives Management: assets under management

The assets under management (AUM) of Aetos Alternatives Management, L.P. is $11.31 billion. The firm's AUM has grown by 3% since the beginning of its operation, and $712.83 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.44 billion in discretionary accounts and $7.88 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $20.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $984.42 million.
Aetos Alternatives Management has custody of $2.68 billion in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 99% of the total AUM. The second-largest asset type is other assets, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aetos Alternatives Management, L.P. 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 Aetos Alternatives Management serves?

The firm provides services to investment companies, charitable organizations, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Aetos Alternatives Management is charitable organizations with 46 clients and $4.97 billion of assets under management. Among the 7 most similar advisory firms, Aetos Alternatives Management has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $11.31 billion for 80 clients. 7% of the firm’s clients are foreign persons or businesses.

Aetos Alternatives Management also advises several private funds. Namely, six hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $50,000 to $5,000,000.

Careers at Aetos Alternatives Management, L.P.

The company employs 32 people that are either part- or full-time employees. 59 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
Harold James Schaaff Chief legal officer 1 Oct 2001 Other 1994265
Rhea Elizabeth Anne Casscells Co-president 1 Feb 2004 25% - 50% 1408813
Michael Frederick Klein Co-president 1 Feb 2004 25% - 50% 2669395
Scott David Sawyer Chief financial officer 1 Aug 2004 Other 5654732
Reid William Conway Chief compliance officer 1 Jul 2008 Other 3117559
Lp Aclp Limited partner 1 Jul 2018 25% - 50% 13-4048966
Llc Aetos Alternatives Management General partner 1 Jul 2018 Other 30-1125111
Rhea Elizabeth Anne Casscells Limited partner 1 Jul 2018 25% - 50% 1408813
Harold James Schaaff Limited partner 1 Jul 2018 Other 1994265
Michael Frederick Klein Limited partner 1 Jul 2018 25% - 50% 2669395

Indirect Owners

The SEC currently registers 11 indirect owners.

Name Entity Date acquired Ownership Employer ID
Llc The Allwin Family Limited partner 1 May 1999 50% - 75% 13-4151671
James M Allwin 2001 Childrens' Trust Member 1 Jan 2001 25% - 50% 30-6020131
Llc Aclp Gp General partner 1 Dec 2005 Other 11-3770980
Maria Allwin Member 1 Jul 2017 Other 6313825
Christopher Francis Allwin Trustee 1 Jul 2017 Other 5381758
Michael Nicholas Allwin Trustee 1 Jul 2017 Other 6380058
Katrina Persefone Allwin Trustee 1 Jul 2017 Other 6826086
The 2017 Maria Allwin Grat No. 1 Member 1 Sep 2017 25% - 50% 826964604
Maria Allwin Trustee 1 Sep 2017 Other 6313825
Llc The Allwin Family Member 1 Jul 2018 75% - 100% 13-4151671
Christopher Francis Allwin Manager 1 Jul 2018 Other 5381758

Based in New York

The principal office where Aetos Alternatives Management, L.P. performs its advisory services is located at 875 Third Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Menlo Park, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-201-2500 or by fax 212-201-2525. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/aetos-alternatives-management and its LinkedIn profile.

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