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Bentall Kennedy (U.S.) LP (Seattle)


Bentall Kennedy (U.S.) LP is a large advisory firm based in Seattle. It manages $14.09 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Delaware, Illinois, and 4 other states.

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Bentall Kennedy (U.S.) provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and all services provided are real estate related investment advisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bentall Kennedy (U.S.): assets under management

The assets under management (AUM) of Bentall Kennedy (U.S.) LP is $14.09 billion. The firm's AUM has grown by 102% since the beginning of its operation, and $497 million of the total AUM is attributable to clients outside of the United States.


The firm manages $1.44 billion in discretionary accounts and $12.65 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $480 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.58 billion.
Bentall Kennedy (U.S.) has custody of $33.69 million in cash and securities for 8 clients in total and its related person acts as a qualified custodian.

Investments

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

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bentall Kennedy (U.S.) 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 Bentall Kennedy (U.S.) serves?

The firm provides services to insurance companies, investment companies, banking or thrift institutions, and pension and profit sharing plans. The largest group of clients of Bentall Kennedy (U.S.) is banking or thrift institutions with 2 clients and $10.83 billion of assets under management. Among the 9 most similar advisory firms, Bentall Kennedy (U.S.) has the highest percentage of banking or thrift institutions out of all clients.


The amount of regulatory assets under management is $14.09 billion for 11 clients. 36% of the firm’s clients are foreign persons or businesses.

Bentall Kennedy (U.S.) 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 Bentall Kennedy (U.S.) LP

The company employs 151 people that are either part- or full-time employees. 9 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Charles R Burd has served as the Chief Investment Officer since 1 Oct 2009 and Michael Dale Mckee is the Chief Executive Officer of Bentall Kennedy (U.S.) LP family office. Andrew Young Yoon joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Preston Robert Sargent Limited partner 1 Dec 2004 Other 1472314
Bentall Kennedy (U.S.) Gp Llc General partner 1 Aug 2006 Other 20-5270592
Bentall Kennedy (U.S.) G.P. Llc General partner 1 Aug 2006 Other 20-5270592
Bentallgreenoak (U.S.) G.P. Llc General partner 1 Aug 2006 Other 20-5270592
Bentall (U.S.) Limited Partnership Limited partner, member of general partner 1 Aug 2006 50% - 75% 20-5129495
Bentall Kennedy (U.S.) Holdings Limited Partnership Limited partner 1 Aug 2006 75% - 100% 20-5129495
John Michael Parker President, board member, limited partner 1 May 2007 Other 1213395
Shoaib S. Khan Executive vice president, limited partner, member of general partner 1 Oct 2007 Other 5510628
Robert Alan Ratliffe Executive vice president, board member, limited partner, member of general partner 1 Jan 2008 Other 1063757
Gary Neil Whitelaw Chairman of board of managers, indirect owner 1 Jan 2008 Other 5210080
Rita Rose Gagne Board member 1 Jul 2008 Other 5589261
Jeffrey Hayes Donahue Board member 1 Nov 2008 Other 5623916
Dean Robert Atkins Board member 1 Dec 2008 Other 5626083
Charles R Burd Chief investment officer 1 Oct 2009 Other 5762345
Michael Dale Mckee Chief executive officer 1 Feb 2010 Other 5623914
Lawrence William Neilson Chief financial officer, treasurer 1 Mar 2011 Other 5906452
Richard James Crofts Executive vice president, general counsel 1 Mar 2011 Other 5906467
Bulent Ozdemir Vice president, finance 1 Mar 2011 Other 5906311
Eric Donald Garay Senior vice president, tax 1 Mar 2011 Other 5906465
Douglas Gary Reid Chief compliance officer 1 Mar 2011 Other 5906466
Gary Neil Whitelaw Group chief executive officer 1 Jun 2011 Other 5210080
Amy Gunther Price Chief operating officer 1 Jan 2012 Other 2378816
Bcimc (Ire Btkn Us) Investment Corporation Limited partner 1 Jun 2012 25% - 50% 68-0635051
California Public Employees Retirement System ("Calpers") Limited partner 1 Jun 2012 25% - 50% 94-6207465
Inc. Bk U.S. Holdings Owner 1 Jun 2012 75% - 100% 68-0635051
Inc. Sun Life Investment Management U.S. Owner 1 Jun 2012 75% - 100% 68-0635051
Bcimc (Ire Btkns Us) Investment Corporation Limited partner 1 Jun 2012 25% - 50% 68-0635051
Matthew George Angus Campbell Chief compliance officer 1 May 2014 Other 6279758
Stephen C Peacher Director of the board 1 Sep 2015 Other 1567536
Melissa Kennedy Director of the board 1 Sep 2015 Other 6565848
Steven Lorenz Director of the board 1 Sep 2015 Other 6565953
Richard James Crofts Chief corporate and financial officer 1 Oct 2015 Other 5906467
Amy Gunther Price President and chief operating officer 1 Jan 2016 Other 2378816
Bentall Kennedy Management (U.S.) Limited Partnership Limited partner 1 Jun 2016 25% - 50% 20-5129348
Benjamin Macbrien Gray Managing director, co-general counsel 1 Apr 2019 Other 7033470
Andrew Young Yoon Chief operating officer 1 Jul 2019 Other 4007049
Karamjit Singh Kalsi President and director of the board 1 Jul 2019 Other 2085405
Christopher J Niehaus Managing partner, co-head of us 1 Jul 2019 Other 2036937
Go Equity 1 Lp Limited partner 1 Jul 2019 25% - 50% 83-3403944
Thomas Peter Murphy Director of the board 1 Jul 2019 Other 5981342
Colm Joseph Freyne Director of the board 1 Jul 2019 Other 6047987
Kevin D. Strain Director of the board 1 Jul 2019 Other 6821867
Reade Eugene Griffith Director of the board 1 Jul 2019 Other 3155603

Indirect Owners

The SEC currently registers 30 indirect owners.

Name Entity Date acquired Ownership Employer ID
Bentall Kennedy Management (U.S.) Gp Llc General partner 1 Jun 2006 Other 20-5089935
Bentall Management (U.S.) Limited Partnership Limited partner and member of general partner 1 Jun 2006 25% - 50% 20-5129348
Bentall (U.S.) G.P. Llc General partner 1 Jun 2006 Other 20-5089882
Bentall Management (U.S.) G.P. Llc General partner 1 Jun 2006 Other 20-5089935
Gary Neil Whitelaw Member, manager 1 Jun 2006 75% - 100% 5210080
Bentall Kennedy Management (U.S.) Limited Partnership Limited partner 1 Jun 2006 25% - 50% 20-5129348
Bentall Kennedy (U.S.) Holdings G.P. Llc General partner 1 Jun 2006 Other 20-5089882
Bcimc (Ire Btkn Us) Investment Corporation Limited partner 1 Aug 2006 25% - 50% 68-0635051
Sitq Us Management Inc. Limited partner, member 1 Aug 2006 25% - 50% 98-0506454
Karamjit Singh Kalsi Limited partner 1 May 2010 75% - 100% 2085405
Beneficiaries Of Calpers Plans Various 1 Jun 2012 75% - 100% 94-6207465
Beneficiaries Of Bcimc's Plans Various 1 Jun 2012 75% - 100% 68-0635051
Sun Life Financial Inc. Sole shareholder 1 Sep 2015 75% - 100% 98-02260074
Sun Life Global Investments Inc. Sole shareholder 1 Sep 2015 75% - 100% 98-02260074
Inc. Sun Life Assurance Company Of Canada U.S. Operations Holdings Sole shareholder 1 Sep 2015 75% - 100% 04-3401283
Inc. Sun Life Financial (U.S.) Holdings Sole shareholder 1 Sep 2015 75% - 100% 04-3579262
Sun Life Financial (U.S.) Investments Llc Sole shareholder 1 Sep 2015 75% - 100% 04-3401283
Sun Life 2007 1 Financing Corp. Sole shareholder 1 Nov 2016 75% - 100% 98-0645594
Go Equity Gp Llc General partner 1 Jul 2019 Other 83-3449259
Llc Dharma Real Estate Limited partner 1 Jul 2019 25% - 50% 80-0550109
John Anthony Carrafiell Limited partner 1 Jul 2019 25% - 50% 1748512
Inc. Sun Life Investment Management U.S. Owner 1 Jul 2019 75% - 100% 68-0635051
Tetragon Go Equity Holdings Lp Limited partner 1 Jul 2019 25% - 50% 83-3963543
Tetragon Bgo Holdings Ii Llc Limited partner 1 Jul 2019 75% - 100% 84-2170700
Tetragon Capital Management Llc Owner 1 Jul 2019 75% - 100% 80-0866348
Llc Tetragon Go Equity Holdings Gp General partner 1 Jul 2019 Other 84-2491909
Polygon Global Management Limited Owner 1 Jul 2019 75% - 100% 98-0669583
Tfg Asset Management Lp Owner 1 Jul 2019 75% - 100% 98-0646180
Polygon Topco Ltd Owner 1 Jul 2019 75% - 100% 98-1078104
Tetragon Financial Group Limited Owner 1 Jul 2019 75% - 100% 98-0465086

Based in Seattle

The principal office where Bentall Kennedy (U.S.) LP performs its advisory services is located at 1201 Third Avenue, Seattle, WA 98101, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-623-4739 or by fax 206-832-2888. The normal business hours are 8:00 am -5:00 pm on Monday - Friday. You can find more information about the New York firm at bentallkennedy.com.


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