Kora Management LP (Brooklyn)

Name: Kora Management LP
Address: 55 Prospect Street, Brooklyn, NY, 11201 1497
Telephone: 212-257-5670

Kora Management LP is a large advisory firm based in Brooklyn. It manages $613.77 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2014.

Kora 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.

Kora Management: assets under management

The assets under management (AUM) of Kora Management LP is $613.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 319% since the beginning of its operation, and $613.77 million of the total AUM is attributable to clients outside of the United States.

The firm manages $613.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $153.44 million each.

Kora Management has custody of $613.77 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kora Management LP 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 Kora Management serves?

The only and largest group of clients of Kora Management is pooled investment vehicles with 4 clients and $613.77 million of assets under management. Among the 10 most similar advisory firms, Kora Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $613.77 million for 4 clients. 75% of the firm’s clients are foreign persons or businesses.

Kora Management also advises several private funds. Namely, one hedge fund and one private equity fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Kora Management LP

The company employs 19 people that are either part- or full-time employees. 74 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
Kora Llc	General partner	1 Dec 2013	Other	38-3911647
Kora Ns Llc	Limited partner	1 Dec 2013	75% - 100%	46-4266837
Kora Dj Llc	Limited partner	1 Dec 2013	Other	46-4271635
Tanvir Kirpalani	Chief operating officer / chief compliance officer	1 Dec 2013	Other	6378355
Eugenie Kim	Chief compliance officer	1 Jul 2016	Other	5216190

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Nitin Saigal	Managing member	1 Dec 2013	75% - 100%	6378357
Daniel Simpson Jacobs	Managing member	1 Dec 2013	75% - 100%	6378361

Based in Brooklyn

The principal office where Kora Management LP performs its advisory services is located at 55 Prospect Street, Brooklyn, NY 11201 1497, 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 212-257-5670. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at koracap.com.