Evolution Credit Partners Management, LLC (Boston)

Name: Evolution Credit Partners Management, LLC
Address: 125 High Street, Boston, MA, 02110
Telephone: 617-410-4800

Evolution Credit Partners Management, LLC is a large advisory firm based in Boston. It manages $446.39 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Massachusetts and New York.

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

Evolution Credit Partners Management: assets under management

The assets under management (AUM) of Evolution Credit Partners Management, LLC is $446.39 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 37% since the beginning of its operation, and $330.28 million of the total AUM is attributable to clients outside of the United States.

The firm manages $446.39 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $148.8 million each.

Investments

The firm invests in derivatives the most. They account for 92% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 8% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Evolution Credit Partners Management, 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 Evolution Credit Partners Management serves?

The only and largest group of clients of Evolution Credit Partners Management is pooled investment vehicles with 2 clients and $441.25 million of assets under management. Among the 7 most similar advisory firms, Evolution Credit Partners Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $441.25 million for 2 clients. 33% of the firm’s clients are foreign persons or businesses.

Evolution Credit Partners Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Evolution Credit Partners Management, LLC

The company employs 11 people that are either part- or full-time employees. 55 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
Michael Peter Guarnieri	Managing member	1 Nov 2017	50% - 75%	1579507
Rene Jean Louis Canezin	Managing member	1 Nov 2017	50% - 75%	3194197
Lisa Beth Schwarzberg	Cco, coo, managing director and partner	1 Jan 2018	Other	3107958
Joe Lu	Managing director & partner	1 Jan 2018	Other	5899650
Joe Nmn Lu	Managing director & partner	1 Jan 2018	Other	5899650
Brian David Harpish	Chief financial officer and chief compliance officer	1 Dec 2018	Other	xxx-xx-xxxx

Based in Boston

The principal office where Evolution Credit Partners Management, LLC performs its advisory services is located at 125 High Street, Boston, MA 02110 The mailing address of the firm is 535 Fifth Avenue, New York, NY 10017. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-410-4800 or by fax 617-410-4825. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at evolutioncreditpartners.com.