Morgan Creek Capital Management, LLC is a large advisory firm based in Chapel Hill. It manages $1.81 billion of regulatory assets for 38 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of North Carolina.
Morgan Creek Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, selection of other advisers, and non-discretionary investment consulting services to 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.
The assets under management (AUM) of Morgan Creek Capital Management, LLC is $1.81 billion. The firm's AUM has grown by 51% since the beginning of its operation, and $118.05 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Morgan Creek Capital Management, 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 investment companies, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Morgan Creek Capital Management is pooled investment vehicles with 29 clients and $1.53 billion of assets under management. Among the 10 most similar advisory firms, Morgan Creek Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.81 billion for 38 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 24% of the firm’s clients are foreign persons or businesses.
Morgan Creek Capital Management also advises several private funds. Namely, five hedge funds and eighteen private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.
The company employs 38 people that are either part- or full-time employees. 39 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 4 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 receive compensation from other entities for client referrals.
The principal office where Morgan Creek Capital Management, LLC performs its advisory services is located at 301 West Barbee Chapel Road, Chapel Hill, NC 27517, 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 919-933-4004 or by fax 919-933-4048. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at morgancreekcap.com.