Diameter Capital Partners LP (New York)
Diameter Capital Partners LP is a large advisory firm based in New York. It manages $3.82 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2017.
Diameter Capital Partners 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.
Diameter Capital Partners: assets under management
The assets under management (AUM) of Diameter Capital Partners LP is $3.82 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 401% since the beginning of its operation, and $2.37 billion of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Diameter Capital Partners 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 Diameter Capital Partners serves?
The only and largest group of clients of Diameter Capital Partners is pooled investment vehicles with 4 clients and $3.82 billion of assets under management. Among the 6 most similar advisory firms, Diameter Capital Partners has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $3.82 billion for 4 clients. 75% of the firm’s clients are foreign persons or businesses.
Diameter Capital Partners also advises several private funds. Namely, two hedge funds and one securitized asset fund. The minimum investment commitment required of non-related persons ranges from $50,000 to $5,000,000.
Careers at Diameter Capital Partners LP
The company employs 21 people that are either part- or full-time employees. 57 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
Based in New York
The principal office where Diameter Capital Partners LP performs its advisory services is located at 24 W 40 Th Street, New York, NY 10018, 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 212-655-1400 or by fax 212-655-1429. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at diametercap.com/.
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