Savanna Investment Management LLC (New York)

Name: Savanna Investment Management LLC
Address: 430 Park Avenue, New York, NY, 10022
Telephone: 212-229-0101

Savanna Investment Management LLC is a large advisory firm based in New York. It manages $1.53 billion of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Savanna Investment Management 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.

Savanna Investment Management: assets under management

The assets under management (AUM) of Savanna Investment Management LLC is $1.53 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 70% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.53 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $69.48 million each.

Savanna Investment Management has custody of $1.07 billion in cash and securities for 22 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Savanna Investment 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 Savanna Investment Management serves?

The only and largest group of clients of Savanna Investment Management is pooled investment vehicles with 22 clients and $1.53 billion of assets under management. Among the 11 most similar advisory firms, Savanna Investment Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.53 billion for 22 clients. None of the firm’s clients are foreign persons or businesses.

Savanna Investment Management also advises several private funds. Namely, fifteen real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Savanna Investment Management LLC

The company employs 37 people that are either part- or full-time employees. 54 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
Nicholas Canby Bienstock	Managing partner	1 Nov 2003	Other	6030301
Christopher Colgan Schlank	Managing partner	1 Nov 2003	Other	6030311
Steven Mark Schulman	Chief compliance officer/head of finance	1 Nov 2003	Other	6030315
Nicholas Canby Bienstock	Managing member (sim ii, llc)	1 Jul 2010	50% - 75%	6030301
Christopher Colgan Schlank	Managing member (sim ii, llc)	1 Jul 2010	50% - 75%	6030311
Llc Savanna Services	Sole member	1 May 2011	75% - 100%	45-2433969
Llc Savanna Services	Sole member (savanna project management, llc)	1 Nov 2012	75% - 100%	45-2433969
Llc Savanna Services	Sole member (sim fund iii, llc)	1 Aug 2013	75% - 100%	45-2433969
Llc Savanna Services	Sole member (sim services, llc)	1 Mar 2014	75% - 100%	45-2433969
Llc Savanna Services	Sole member (sim mezz ventures, llc)	1 Aug 2014	75% - 100%	45-2433969
Llc Savanna Services	Sole member (savanna mezzanine capital, llc)	1 Nov 2014	75% - 100%	45-2433969
Valerie Hannah Kitay	Chief compliance officer	1 Apr 2017	Other	6779249

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Savanna Services Holdings	Sole member	1 May 2011	75% - 100%	80-0732132
Nicholas Canby Bienstock	Managing member	1 May 2011	50% - 75%	6030301
Christopher Colgan Schlank	Managing member	1 May 2011	50% - 75%	6030311

Based in New York

The principal office where Savanna Investment Management LLC performs its advisory services is located at 430 Park Avenue, 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 212-229-0101 or by fax 212-229-1113. The normal business hours are 9am - 6pm on Monday - Friday. You can find more information about the New York firm at savannafund.com.