Beach Point Capital Management LP (Santa Monica)

Name: Beach Point Capital Management LP
Address: 1620 26 Th Street, Santa Monica, CA, 90404
Telephone: 310-996-9700

Beach Point Capital Management LP is a large advisory firm based in Santa Monica. It manages $12.46 billion of regulatory assets for 72 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of California.

Beach Point Capital Management provides 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.

Beach Point Capital Management: assets under management

The assets under management (AUM) of Beach Point Capital Management LP is $12.46 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 254% since the beginning of its operation, and $5.99 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $12.46 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $173.07 million each.

Beach Point Capital Management has custody of $9.83 billion in cash and securities for 48 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 74% of the total AUM. The second-largest asset type is other assets, which make up 11% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beach Point Capital Management LP 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 Beach Point Capital Management serves?

The firm provides services to insurance companies, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Beach Point Capital Management is pooled investment vehicles with 49 clients and $9.83 billion of assets under management. Among the 6 most similar advisory firms, Beach Point Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $12.12 billion for 60 clients. 47% of the firm’s clients are foreign persons or businesses.

Beach Point Capital Management also advises several private funds. Namely, thirty two hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $100,000 to $10,000,000.

Careers at Beach Point Capital Management LP

The company employs 95 people that are either part- or full-time employees. 44 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
Carl Henry Goldsmith	Limited partner and co-chief investment officer	1 Oct 2008	25% - 50%	2901156
Scott Martin Klein	Limited partner and co-chief investment officer	1 Oct 2008	25% - 50%	2748845
Lawrence Michael Goldman	Chief administrative officer and general counsel	1 Oct 2008	Other	4717144
Thomas Paul Boyack	Chief financial officer	1 Oct 2008	Other	4720937
David Adam Rosenblum	Chief compliance officer	1 Oct 2008	Other	5585200
Beach Point Gp Llc	General partner	1 Oct 2008	Other	80-0242130
Carl Goldsmith	Senior managing principal	1 Oct 2008	25% - 50%	2901156
Scott M Klein	Senior managing principal	1 Oct 2008	25% - 50%	2748845
Thomas P. Boyack	Chief financial officer	1 Oct 2008	Other	4720937
Darshan Chandra Desai	Chief operating officer	1 Mar 2013	Other	5536196

Based in Santa Monica

The principal office where Beach Point Capital Management LP performs its advisory services is located at 1620 26 Th Street, Santa Monica, CA 90404, 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 310-996-9700 or by fax 310-996-9688. The normal business hours are 6:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at beachpointcapital.com.