Credit Value Partners, LLC (Greenwich)


Credit Value Partners, LLC is a large advisory firm based in Greenwich. It manages $2.17 billion of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Connecticut, Illinois, New Jersey, New York, and Tennessee.

Credit Value Partners provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Credit Value Partners: assets under management

The assets under management (AUM) of Credit Value Partners, LLC is $2.17 billion. The firm's AUM has grown by 14% since the beginning of its operation, and $1.9 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.94 billion in discretionary accounts and $231.65 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $92.49 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $231.65 million.
Credit Value Partners has custody of $254.23 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 68% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Credit Value 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 Credit Value Partners serves?

The only and largest group of clients of Credit Value Partners is pooled investment vehicles with 20 clients and $1.99 billion of assets under management. Among the 6 most similar advisory firms, Credit Value Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.99 billion for 20 clients. 75% of the firm’s clients are foreign persons or businesses.

Credit Value Partners also advises several private funds. Namely, fourteen private equity funds and five securitized asset funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $500,000.

Careers at Credit Value Partners, LLC

The company employs 24 people that are either part- or full-time employees. 63 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.

Mackay Shields Llc joined the executive team most recently as the Managing Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Donald Edward Pollard Chief executive officer 1 Jun 2010 Other 1072884
Grant Earl Pothast Portfolio manager 1 Jun 2010 Other 2311338
Michael Thomas Geroux Portfolio manager 1 Jun 2010 Other 2740073
Howard Edwards Sullivan Chief operating officer, general counsel 1 Sep 2010 Other 4394524
Joseph Peter Matteo Portfolio manager 1 Sep 2013 Other 6275731
Joseph Arthur Cambareri Chief financial officer 1 Dec 2013 Other 4495198
Michael Patrick Keller Portfolio manager 1 Aug 2014 Other 2255161
Cvp Holdings Llc Member 1 Jan 2015 75% - 100% 47-2426303
Kevin Stewart Rutherford Chief compliance officer 1 Mar 2017 Other 2196199
Lp Cvp Clo Holdings Sole member - cvp clo advisors, llc (relying adviser) 1 Jul 2017 75% - 100% 98-1377091
Brian John Conroy Portfolio manager 1 Jul 2017 Other 5253074

Indirect Owners

The SEC currently registers 24 indirect owners.

Name Entity Date acquired Ownership Employer ID
New York Life Insurance Company Managing member 1 Dec 1999 75% - 100% 13-5582869
New York Life Investment Management Holdings Llc Sole member 1 Jan 2000 75% - 100% 52-2206682
Donald Edward Pollard Manager 1 Dec 2010 Other 1072884
Anne H. Pollard 2010 Irrevocable Grantor Trust Member 1 Dec 2010 25% - 50% 37-6469335
Jr. 2010 Irrevocable Grantor Trust Donald E. Pollard Member 1 Dec 2010 25% - 50% 37-6469334
Kenneth Gordon Pollard Trustee of anne h. pollard 2010 irrevocable grantor trust 1 Dec 2010 Other 1080637
John Phelan Trustee of donald e. pollard, jr. 2010 irrevocable grantor trust 1 Dec 2010 Other 5909378
Pollard Family Investments Llc Member 1 Jan 2015 25% - 50% 27-4343191
New York Life Investment Management Holdings Llc Managing member 1 Dec 2016 75% - 100% 52-2206682
Nylim Alternatives Llc Managing member 1 Feb 2017 50% - 75% 81-5158468
Donald Edward Pollard Elected manager 1 Feb 2017 Other 1072884
Grant Earl Pothast Elected manager 1 Feb 2017 Other 2311338
Yie Hsin (Nmn) Hung Elected manager, chairman of the board of managers 1 Feb 2017 Other 1586401
Louis William Moelchert Elected manager 1 Feb 2017 Other 1965033
Hugh Joseph Wade Elected manager 1 Feb 2017 Other 3157917
Thomas Alexander Hendry Elected manager 1 Feb 2017 Other 1605292
Yie Hsin Nmn Hung Elected manager, chairman of the board of managers 1 Feb 2017 Other 1586401
Llc Cvp Clo Manager Managing member 1 Jul 2017 75% - 100% 46-5492608
Cvp Clo Holdings Gp Llc General partner 1 Jul 2017 Other 82-2148177
John Michael Grady Elected manager 1 Aug 2018 Other 4380203
Mackay Shields Llc Managing member 1 Jan 2019 50% - 75% 107717
Jeffrey Scott Phlegar Elected manager 1 Jan 2019 Other 1761173
Howard Edwards Sullivan Elected manager 1 Jan 2019 Other 4394524
Joseph Peter Matteo Elected manager 1 Jan 2019 Other 6275731

Based in Greenwich

The principal office where Credit Value Partners, LLC performs its advisory services is located at 49 West Putnam Avenue, Greenwich, CT 06830, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-893-4700 or by fax 203-893-4705. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at cvp7.com/.