Eos Management, L.P. (New York)

Name: Eos Management, L.P.
Address: 437 Madison Avenue, New York, NY, 10022
Telephone: 212-832-5800

Eos Management, L.P. is a large advisory firm based in New York. It manages $1.54 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2013.

Eos Management provides portfolio management for pooled investment vehicles and portfolio management for privately managed accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Eos Management: assets under management

The assets under management (AUM) of Eos Management, L.P. is $1.54 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -4% since the beginning of its operation, and $87.14 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.54 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $90.58 million each.

Eos Management has custody of $1.41 billion in cash and securities for 16 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 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in non-exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Eos Management, L.P. 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 Eos Management serves?

The only and largest group of clients of Eos Management is pooled investment vehicles with 16 clients and $1.51 billion of assets under management. Among the 9 most similar advisory firms, Eos Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.51 billion for 16 clients. 41% of the firm’s clients are foreign persons or businesses.

Eos Management also advises several private funds. Namely, three hedge funds and six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $15,000,000.

Careers at Eos Management, L.P.

The company employs 20 people that are either part- or full-time employees. 65 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
Steven Michael Friedman	Limited partner (eos sbic general, l.p.)	1 Aug 1994	50% - 75%	1483489
Brian Delisser Young	Limited partner (eos sbic general, l.p.)	1 Aug 1994	50% - 75%	2576821
Inc. Eos Sbic	Managing general partner (eos sbic general, l.p.)	1 Aug 1994	Other	13-3783857
Steven Michael Friedman	Limited partner (eos sbic general ii, l.p.)	1 Jul 1997	25% - 50%	1483489
Brian Delisser Young	Limited partner (eos sbic general ii, l.p.)	1 Jul 1997	25% - 50%	2576821
Inc. Eos Sbic Ii	Managing general partner (eos sbic general ii, l.p.)	1 Jul 1997	Other	13-3962323
Marc Howard Michel	Limited partner (eos sbic general ii, l.p.)	1 Jul 1997	25% - 50%	1190584
Steven Michael Friedman	Managing member (eos general, l.l.c.)	1 Dec 1999	50% - 75%	1483489
Brian Delisser Young	Managing member (eos general, l.l.c.)	1 Dec 1999	50% - 75%	2576821
L.P. Eos Partners	Sole member (eos sbic general iii, l.l.c.)	1 Jun 2001	75% - 100%	13-3742626
Steven Michael Friedman	Managing member (eco general, l.l.c.)	1 Mar 2004	Other	1483489
Brian Delisser Young	Managing member (eco general, l.l.c.)	1 Mar 2004	Other	2576821
Steven Michael Friedman	Limited partner (ecp general iii, l.p.)	1 Jun 2004	50% - 75%	1483489
Brian Delisser Young	Limited partner (ecp general iii, l.p.)	1 Jun 2004	50% - 75%	2576821
Llc Ecp Iii	General partner (ecp general iii, l.p.)	1 Jun 2004	Other	54-2154235
Steven Michael Friedman	Limited partner (eco management, l.p.)	1 Aug 2005	50% - 75%	1483489
Brian Delisser Young	Limited partner (eco management, l.p.)	1 Aug 2005	50% - 75%	2576821
Llc Eco Management Gp	General partner (eco management, l.p.)	1 Aug 2005	Other	16-1729441
Steven Michael Friedman	Managing member (ecr general, l.l.c.)	1 Jan 2006	Other	1483489
Brian Delisser Young	Managing member (ecr general, l.l.c.)	1 Jan 2006	Other	2576821
Steven Michael Friedman	Limited partner (ecp general iv, l.p.)	1 Feb 2007	50% - 75%	1483489
Brian Delisser Young	Limited partner (ecp general iv, l.p.)	1 Feb 2007	50% - 75%	2576821
Llc Ecp Iv	General partner (ecp general iv, l.p.)	1 Feb 2007	Other	26-0260341
Steven Michael Friedman	Limited partner (eos management, l.p.)	1 Jun 2007	50% - 75%	1483489
Brian Delisser Young	Limited partner (eos management, l.p.)	1 Jun 2007	50% - 75%	2576821
Beth Levine Bernstein	Chief financial officer, chief compliance officer	1 Jun 2007	Other	1537310
Llc Eos Management (Gp)	General partner (eos management, l.p.)	1 Jun 2007	Other	26-0265006
L.P. Eos Management	Owner (eos management, llc)	1 Jun 2007	75% - 100%	13-3730685
L.L.C. Eos Focused Equity Management Gp	General partner (eos focused equity management, l.p.)	1 Jun 2013	Other	80-0933864
Steven Michael Friedman	Limited partner (eos focused equity management, l.p.)	1 Jun 2013	25% - 50%	1483489
Brian Delisser Young	Limited partner (eos focused equity management, l.p.)	1 Jun 2013	25% - 50%	2576821
Evan Roy Steen	Limited partner (eos focused equity management, l.p.)	1 Jun 2013	25% - 50%	1175796

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven Michael Friedman	Managing member	1 Nov 1993	50% - 75%	1483489
Brian Delisser Young	Managing member	1 Nov 1993	50% - 75%	2576821
Matthew Michael Meehan	Member	1 Mar 2004	50% - 75%	702450
L.P. Eos Partners	Managing member	1 Jan 2006	50% - 75%	13-3742626
Matthew Michael Meehan	Member	1 Jan 2006	25% - 50%	702450

Based in New York

The principal office where Eos Management, L.P. performs its advisory services is located at 437 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-832-5800 or by fax 212-832-5815. The normal business hours are 8am-6pm on Monday - Friday. You can find more information about the New York firm at eospartners.com.