Vestar Capital Partners, LLC (New York)

Name: Vestar Capital Partners, LLC
Address: 245 Park Avenue, New York, NY, 10167 4098
Telephone: 212-351-1600

Vestar Capital Partners, LLC is a large advisory firm based in New York. It manages $2.88 billion of regulatory assets for 66 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Colorado, Massachusetts, and New York.

Vestar Capital Partners 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.

Vestar Capital Partners: assets under management

The assets under management (AUM) of Vestar Capital Partners, LLC is $2.88 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -13% since the beginning of its operation, and $2.5 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.88 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $43.63 million each.

Vestar Capital Partners has custody of $2 billion in cash and securities for 66 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vestar Capital Partners, 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.

What kind of clients Vestar Capital Partners serves?

The only and largest group of clients of Vestar Capital Partners is pooled investment vehicles with 66 clients and $2.88 billion of assets under management. Among the 8 most similar advisory firms, Vestar Capital Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.88 billion for 66 clients. 35% of the firm’s clients are foreign persons or businesses.

Vestar Capital Partners also advises several private funds. Namely, sixty six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Vestar Capital Partners, LLC

The company employs 40 people that are either part- or full-time employees. 53 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.

Michelle Duncan Bergman joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Stephen Oconnell	Chief executive officer	1 Apr 1988	Other	1034918
Vestar Management Corporation Ii	Partner	1 May 1993	75% - 100%	13-3715252
Vestar Management Corporation Iii	Partner	1 Apr 1996	Other	13-3877378
Brian Paul Schwartz	Chief financial officer	1 Mar 1999	Other	6318436
Kenneth John O'keefe	Chief operating officer	1 Nov 2009	Other	6028860
Steven Della Rocca	Chief compliance officer	1 Mar 2011	Other	6028859
Michelle Duncan Bergman	Chief compliance officer	1 Jun 2019	Other	4163830

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Stephen Oconnell	Shareholder	1 May 1993	75% - 100%	1034918
Daniel Stephen Oconnell	Shareholder	1 Aug 2016	75% - 100%	1034918

Based in New York

The principal office where Vestar Capital Partners, LLC performs its advisory services is located at 245 Park Avenue, New York, NY 10167 4098 The mailing address of the firm is 1555 Blake Street, Denver, CO 80202. 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 212-351-1600 or by fax 212-808-4922. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at vestarcapital.com.