Peregrine Capital Management, LLC (Minneapolis)


Peregrine Capital Management, LLC is a large advisory firm based in Minneapolis. It manages $3.86 billion of regulatory assets for 39 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Minnesota.

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Peregrine Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Peregrine Capital Management: assets under management

The assets under management (AUM) of Peregrine Capital Management, LLC is $3.86 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 9% since the beginning of its operation, and $4.89 million of the total AUM is attributable to clients outside of the United States.


The firm manages $3.86 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.94 million each.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Peregrine Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Peregrine Capital Management serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Peregrine Capital Management is investment companies with 4 clients and $2.19 billion of assets under management. Among the 8 most similar advisory firms, Peregrine Capital Management has the highest percentage of investment companies out of all clients.


The amount of regulatory assets under management is $3.86 billion for 32 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Peregrine Capital Management doesn't advise any private funds.

Careers at Peregrine Capital Management, LLC

The company employs 28 people that are either part- or full-time employees. 36 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 compensates 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
David Steele Lunt Coo, cfo 1 Apr 2003 Other 4700141
Christine Marie Mullady Chief compliance officer 1 Nov 2005 Other 4162556
Llc Peregrine Capital Management Holdings Sole owner and member 1 Aug 2016 75% - 100% 81-2218795
Hema Nealon Coo, cfo 1 Apr 2019 Other 4410101

Indirect Owners

The SEC currently registers 11 indirect owners.

Name Entity Date acquired Ownership Employer ID
Stefanie Musgades Adams Governor 1 Aug 2016 Other 2204435
Jason Richard Ballsrud Governor 1 Aug 2016 Other 2717925
Tasso Harry Coin Governor 1 Aug 2016 Other 4361449
William Austen Grierson Governor 1 Aug 2016 Other 2440470
Daniel John Hagen Governor 1 Aug 2016 Other 1239835
David Steele Lunt Governor 1 Aug 2016 Other 4700141
Robert Bruce Mersky Governor 1 Aug 2016 Other 4361328
Gary Edward Nussbaum Governor 1 Aug 2016 Other 4361436
Douglas Gordon Pugh Governor 1 Aug 2016 Other 1963484
James Patrick Ross Governor 1 Aug 2016 Other 4361457
Paul Edward Von Kuster Governor 1 Aug 2016 Other 4361342

Based in Minneapolis

The principal office where Peregrine Capital Management, LLC performs its advisory services is located at 800 Lasalle, Suite 1850, Minneapolis, MN 55402, 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 612-343-7600 or by fax 612-343-7631. The normal business hours are 8:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at peregrine.com.