P & S Credit Management, L.P. (New York)

P & S Credit Management, L.P. is a large advisory firm based in New York. It manages $1.17 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

P & S Credit 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.

P & S Credit Management: assets under management

The assets under management (AUM) of P & S Credit Management, L.P. is $1.17 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -70% since the beginning of its operation, and $977.13 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.17 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $167.82 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay P & S Credit 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 P & S Credit Management serves?

The only and largest group of clients of P & S Credit Management is pooled investment vehicles with 7 clients and $1.17 billion of assets under management. Among the 10 most similar advisory firms, P & S Credit Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.17 billion for 7 clients. 71% of the firm’s clients are foreign persons or businesses.

P & S Credit Management also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $10,000,000.

Careers at P & S Credit Management, L.P.

The company employs 14 people that are either part- or full-time employees. 43 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.

James Justin Palmisciano has served as the Chief Investment Officer since 1 Apr 2005. Lp Moelis Asset Management joined the executive team most recently as the Sole Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc P&S Credit Partners	General partner	1 Mar 2005	Other	20-1228449
Gregory Richard Pearson	Chief financial officer	1 Mar 2005	Other	5949363
James Justin Palmisciano	Management committee chair/chief investment officer	1 Apr 2005	Other	3246545
Michael Decatur Robertson	Management committee member/portfolio manager	1 Apr 2005	Other	2385059
Manbir Nayyar Singh	Management committee member/portfolio manager	1 Apr 2005	Other	1996414
Marc Lawrence Friedman	Chief business development officer	1 Jan 2006	Other	4512809
Mary Catherine Nir	Chief compliance officer	1 Sep 2007	Other	5949289
Moelis Gracie Holdco Llc	Limited partner	1 Oct 2010	75% - 100%	273677979
Moelis & Company Gracie Holdings Llc	Limited partner	1 Oct 2010	75% - 100%	273677979
Eric D Fitzgerald	Portfolio manager/management committee member	1 Dec 2012	Other	4830850
Richard Joseph Vossler	Portfolio manager/management committee member	1 Jan 2014	Other	2184997
Samuel Joseph Konz	Chief financial officer, chief compliance officer	1 Feb 2014	Other	6308557
Brad Douglas Wagner	General counsel, chief compliance officer	1 Jun 2015	Other	6535974

Indirect Owners

The SEC currently registers 13 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth David Moelis	Managing member	1 Jun 2007	Other	1015047
Moelis Gracie Holdings Inc.	Managing member	1 Oct 2010	Other	27-3677895
Lp Moelis Asset Management	Owner	1 Oct 2010	75% - 100%	37-1748521
Moelis & Company Holdings Lp	Member	1 Oct 2010	75% - 100%	20-8980370
Inc. Moelis Gracie Holdings	Managing member	1 Oct 2010	Other	27-3677895
Llc Moelis & Company Gracie Holdings	Sole member	1 Oct 2010	75% - 100%	27-3677967
Moelis & Company Manager Llc	Sole member	1 Jun 2011	75% - 100%	26-0360603
Moelis & Company Holdings Gp Llc	General partner	1 Jul 2011	Other	45-2485605
Lp Moelis Asset Management	Member	1 Sep 2013	75% - 100%	37-1748521
Llc Gracie Holdco	Member	1 Sep 2013	75% - 100%	90-1016470
Moelis Gracie Holdings Inc.	Managing member	1 Sep 2013	Other	27-3677895
Moelis & Company Holdings Lp	Member	1 Sep 2013	75% - 100%	20-8980370
Lp Moelis Asset Management	Sole member	1 Dec 2017	75% - 100%	37-1748521

Based in New York

The principal office where P & S Credit Management, L.P. performs its advisory services is located at 757 Third Avenue, New York, NY 10017, 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 212 527 8280 or by fax 212 527 8229. The normal business hours are 9 am - 6 pm on Monday - Friday.