Da Capital LLC (New York)

Name: Da Capital LLC
Address: 70 East 55 Th Street, New York, NY, 10022
Telephone: 212-328-7900

Da Capital LLC is a large advisory firm based in New York. It manages $120.41 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Da Capital 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.

Da Capital: assets under management

The assets under management (AUM) of Da Capital LLC is $120.41 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -71% since the beginning of its operation, and $96.53 million of the total AUM is attributable to clients outside of the United States.

The firm manages $120.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.53 million each.

Da Capital has custody of $85.87 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Da Capital 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 Da Capital serves?

The only and largest group of clients of Da Capital is pooled investment vehicles with 16 clients and $120.41 million of assets under management. Among the 6 most similar advisory firms, Da Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $120.41 million for 16 clients. 67% of the firm’s clients are foreign persons or businesses.

Da Capital also advises several private funds. Namely, seven hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Da Capital LLC

The company employs 12 people that are either part- or full-time employees. 75 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
Nasser Aziz Ahmad	Managing partner	1 Oct 2004	Other	2446441
Dennis James Crilly	Chief operating officer/chief legal officer / chief compliance officer	1 Aug 2011	Other	5065294
Da Management Lp	Managing member	1 Jun 2013	75% - 100%	20-1913412

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Da Management Gp Llc	General partner	1 Jun 2013	Other	46-2995664
Nasser Aziz Ahmad	Managing member	1 Jun 2013	75% - 100%	2446441
Nasser Aziz Ahmad	Limited partner	1 Apr 2015	75% - 100%	2446441
Da Companies Gp Llc	General partner	1 Apr 2015	Other	81-2027219
Da Companies Lp N Shares	Limited partner	1 Apr 2015	75% - 100%	1001

Based in New York

The principal office where Da Capital LLC performs its advisory services is located at 70 East 55 Th Street, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-328-7900 or by fax 212-328-7870. The normal business hours are 8:30 am to 5:30 pm nyt on Monday - Friday. You can find more information about the New York firm at dacapitalfunds.com.