Virage Capital Management LP (Houston)

Virage Capital Management LP is a large advisory firm based in Houston. It manages $719.74 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Texas.

Virage Capital 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.

Virage Capital Management: assets under management

The assets under management (AUM) of Virage Capital Management LP is $719.74 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 484% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $719.74 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $79.97 million each.

Fees & Commissions

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

The only and largest group of clients of Virage Capital Management is pooled investment vehicles with 9 clients and $719.74 million of assets under management. Among the 8 most similar advisory firms, Virage Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $719.74 million for 9 clients. None of the firm’s clients are foreign persons or businesses.

Virage Capital Management also advises several private funds. Namely, eight hedge funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Virage Capital Management LP

The company employs 14 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Virage Llc	General partner	1 Apr 2012	Other	45-5055232
Edward Mark Ondarza	Managing director, portfolio manager and limited partner	1 May 2013	50% - 75%	4888291
Martin Adam Shellist	Managing director, head of legal research and limited partner	1 May 2013	Other	6207154
Britton Jennings Holland	Limited partner	1 May 2013	Other	6207159
Hugh Jones Plummer	Limited partner	1 May 2013	Other	6207176
Bryan Patterson	Chief compliance officer and managing director	1 Jul 2014	Other	6464028
Kevin Bryan Patterson	Managing director	1 Jul 2014	Other	6464028
Harrison Albert Blase	Chief financial officer	1 Jan 2015	Other	6539503
Benjamin Eichorn Blank	Chief compliance officer	1 Apr 2015	Other	6490044
Llc Rocky River Investments	Special limited partner	1 May 2016	50% - 75%	81-2108469
Llc Ojai Dlf	Special limited partner	1 May 2016	Other	81-2104368
Llc Jester 1058	Special limited partner and regular limited partner	1 May 2016	Other	81-2104640
Harrison Albert Blase	Chief financial officer and chief compliance officer	1 Oct 2017	Other	6539503
Burke Alan Mcdavid	General counsel and chief compliance officer	1 Sep 2019	Other	7176373

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Edward Mark Ondarza	Managing member	1 Apr 2012	50% - 75%	4888291
Martin Adam Shellist	Member	1 Apr 2012	Other	6207154
Edward Mark Ondarza	Manager	1 Mar 2016	75% - 100%	4888291
Kevin Bryan Patterson	Manager	1 Mar 2016	75% - 100%	6464028
Harrison Albert Blase	Manager	1 Mar 2016	75% - 100%	6539503

Based in Houston

The principal office where Virage Capital Management LP performs its advisory services is located at 1700 Post Oak Boulevard, Houston, TX 77056 3973, 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 713.840.7700. The normal business hours are 8am-6pm on Monday - Friday.