Phoenician Resources Fund Sponsor, LLC (Chicago)

Name: Phoenician Resources Fund Sponsor, LLC
Address: 875 N. Michigan Avenue, Chicago, IL, 60611
Telephone: 888-405-9340

Phoenician Resources Fund Sponsor, LLC is a large advisory firm based in Chicago. It manages $258.27 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Illinois.

Phoenician Resources Fund Sponsor 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.

Phoenician Resources Fund Sponsor: assets under management

The assets under management (AUM) of Phoenician Resources Fund Sponsor, LLC is $258.27 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $258.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $129.13 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Phoenician Resources Fund Sponsor, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Phoenician Resources Fund Sponsor serves?

The only and largest group of clients of Phoenician Resources Fund Sponsor is pooled investment vehicles with 2 clients and $258.27 million of assets under management. Among the 10 most similar advisory firms, Phoenician Resources Fund Sponsor has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $258.27 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Phoenician Resources Fund Sponsor also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Phoenician Resources Fund Sponsor, LLC

The company employs 8 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
Donnan Henry Steele	Managing partner	1 Jun 2012	Other	7156636
Francisco Borja Madrid Mozos	Managing partner	1 Jun 2012	50% - 75%	7156637
Shirley Gail Zimmerman	Chief compliance officer and controller	1 Jan 2015	Other	7153594
U/A/D February 20 2012 Steele Family Trust	Member	1 Aug 2019	50% - 75%	11-1111111

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Donnan Henry Steele	Trustee	1 Feb 2012	Other	7156636

Based in Chicago

The principal office where Phoenician Resources Fund Sponsor, LLC performs its advisory services is located at 875 N. Michigan Avenue, Chicago, IL 60611, 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 888-405-9340. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at phoenicianres.com/ and its LinkedIn profile.