Azora Capital LP (New York)

Name: Azora Capital LP
Address: 900 Third Ave, New York, NY, 10022
Telephone: 212-651-2231

Azora Capital LP is a large advisory firm based in New York. It manages $737.9 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2017.

Azora Capital provides portfolio management for pooled investment vehicles and portfolio management of separately managed accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Azora Capital: assets under management

The assets under management (AUM) of Azora Capital LP is $737.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 465% since the beginning of its operation, and $94.5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $737.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $147.58 million each.

Azora Capital has custody of $737.9 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Azora Capital 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 Azora Capital serves?

The only and largest group of clients of Azora Capital is pooled investment vehicles with 5 clients and $737.9 million of assets under management. Among the 8 most similar advisory firms, Azora Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $737.9 million for 5 clients. 80% of the firm’s clients are foreign persons or businesses.

Azora Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Azora Capital LP

The company employs 6 people that are either part- or full-time employees. 50 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.

Ravi (Nmn) Chopra has served as the Chief Investment Officer since 1 Apr 2017. Chopra Family Llc joined the executive team most recently as the Limited Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Azora Capital Gp Llc	General partner	1 Jun 2016	Other	81-3060224
Jeffrey Michael Herring	Chief compliance officer and chief financial officer	1 Jan 2017	Other	4251373
Ravi (Nmn) Chopra	Chief investment officer	1 Apr 2017	Other	4431607
Chopra Family Llc	Limited partner	1 Apr 2017	75% - 100%	82-2238844

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Ravi (Nmn) Chopra	Managing member	1 Jan 2017	75% - 100%	4431607

Based in New York

The principal office where Azora Capital LP performs its advisory services is located at 900 Third Ave, New York, NY 10022, 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 212-651-2231. The normal business hours are 8am-6pm on Monday - Friday. You can find more information about the New York firm at azoracapital.com/.