Park West Asset Management LLC (Larkspur)

Name: Park West Asset Management LLC
Address: 900 Larkspur Landing Circle Ste 165, Larkspur, CA, 94939
Telephone: 415-524-2900

Park West Asset Management LLC is a large advisory firm based in Larkspur. It manages $3.35 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California and North Carolina.

Park West Asset Management 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.

Park West Asset Management: assets under management

The assets under management (AUM) of Park West Asset Management LLC is $3.35 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 253% since the beginning of its operation, and $3.35 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.35 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $418.96 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Park West Asset Management 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 Park West Asset Management serves?

The only and largest group of clients of Park West Asset Management is pooled investment vehicles with 8 clients and $3.35 billion of assets under management. Among the 9 most similar advisory firms, Park West Asset Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.35 billion for 8 clients. 75% of the firm’s clients are foreign persons or businesses.

Park West Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Park West Asset Management LLC

The company employs 18 people that are either part- or full-time employees. 61 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
Peter Sang Hun Park	Managing member	1 Nov 2002	75% - 100%	2519125
James John Watson	Chief financial officer / chief compliance officer	1 Aug 2005	Other	6024722
Jeremy Niel Armstrong	Chief compliance officer	1 Jul 2012	Other	1675339
James John Watson	Chief operating officer	1 Jan 2013	Other	6024722
Grace Eleanor Jimenez	Chief financial officer	1 Sep 2014	Other	6403037
Heather Nicole Slate	Chief compliance officer	1 Jun 2018	Other	2698629

Based in Larkspur

The principal office where Park West Asset Management LLC performs its advisory services is located at 900 Larkspur Landing Circle Ste 165, Larkspur, CA 94939, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-524-2900 or by fax 415-524-2942. The normal business hours are 5am - 4pm on Monday - Friday. You can find more information about the New York firm at parkwestllc.com.