Microvest Capital Management LLC (Bethesda)


Microvest Capital Management LLC is a large advisory firm based in Bethesda. It manages $336.36 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Maryland.

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Microvest Capital Management provides 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.

Microvest Capital Management: assets under management

The assets under management (AUM) of Microvest Capital Management LLC is $336.36 million. The firm's AUM has grown by 339% since the beginning of its operation, and $152.94 million of the total AUM is attributable to clients outside of the United States.


The firm manages $328.84 million in discretionary accounts and $7.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $36.54 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.76 million.
Microvest Capital Management has custody of $337.6 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Microvest Capital Management LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Microvest Capital Management serves?

The firm provides services to charitable organizations and pooled investment vehicles. The largest group of clients of Microvest Capital Management is pooled investment vehicles with 10 clients and $332.51 million of assets under management. Among the 10 most similar advisory firms, Microvest Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $336.36 million for 11 clients. 45% of the firm’s clients are foreign persons or businesses.

Microvest Capital Management also advises several private funds. Namely, three hedge funds, one other private fund, and one private equity fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $500,000.

Careers at Microvest Capital Management LLC

The company employs 28 people that are either part- or full-time employees. 43 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.

Douglas James Young has served as the Chief Investment Officer since 1 Jan 2015. Ronald Dennis Cordes joined the executive team most recently as the Vice Chairman Of The Board Of Directors.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
W Bowman Cutter Chairman of the board of directors and member of the investment committee 1 Apr 2003 Other 5779475
Bruce Crenshaw Tully Member of the investment committee 1 Apr 2003 Other 1941031
Gerhard None Pries Vice-chairman of the board of directors 1 Apr 2003 Other 5779604
Joseph John Iarocci Member of the board of directors 1 Apr 2003 Other 5779496
Frederic E C Wall Member of the board of directors 1 Apr 2003 Other 5779605
Gerhard Pries Vice-chairman of the board of directors and member of the investment committee 1 Apr 2003 Other 5779604
Gilbert Holmes Crawford Chief executive officer, member of the board of directors and member of the investment committee 1 May 2003 Other 2650919
Raymond Clair Sauder Member of the board of directors 1 Aug 2003 Other 5779500
Calvin Jay Miller Member of the investment committee 1 Jan 2004 Other 5779527
Lauren Kay Hendricks Member of the board of directors 1 May 2005 Other 5779491
Candace Lynn Smith Chief compliance officer, chief financial officer and member of the investment committee 1 Jul 2005 Other 5780935
James Alexander Torrey Member of the board of directors and chairman of the advisory committee 1 May 2006 Other 448310
Richard Benjamin Butler Member of the investment committee 1 Sep 2006 Other 2366251
Kenneth Dean Hochstetler Member of the board of directors 1 Jun 2007 Other 4039345
Kim None Williams Member of the board of directors 1 Nov 2007 Other 4327875
Kim Williams Member of the board of directors 1 Nov 2007 Other 4327875
Llc Microvest General Partner Holding Company Sole member 1 Jul 2008 75% - 100% 26-3623234
Carl Fredric Muñana Member of the board of directors 1 Sep 2008 Other 5779498
Michael A Edberg Director of investments 1 Dec 2008 Other 4531892
Michael Alan Edberg Managing director, investments 1 Dec 2008 Other 4531892
John Whitlam Macintosh Member of the investment committee 1 Oct 2009 Other 5779524
Ronald Dennis Cordes Member of the investment committee 1 Oct 2009 Other 1920507
Gregory Mark Gentile Member of the investment committee 1 Sep 2010 Other 2942138
J Alex Hartzler Member of the board of directors 1 Sep 2010 Other 2335901
Caton Burwell Member of the investment committee 1 Oct 2010 Other 5854273
Caton None Burwell Member of the investment committee 1 Oct 2010 Other 5854273
Susan None Salerno Member of the investment committee 1 Feb 2011 Other 5899475
Susan Salerno Member of the investment committee 1 Feb 2011 Other 5899475
Christopher Scott Laurent Chief financial officer 1 Mar 2011 Other 5899749
Christopher Laurent Chief financial officer 1 Mar 2011 Other 5899749
Ronald Dennis Cordes Member of the board of directors 1 Jul 2011 Other 1920507
Jon Alastair Ylvisaker Member of investment commitee 1 Sep 2012 Other 2782304
Angela None Atherton Member of the investment committee 1 Sep 2012 Other 6124081
Samuel P Moss Member of the investment committee 1 Nov 2012 Other 6138340
Douglas James Young Managing director of investments 1 Nov 2012 Other 6139253
Zachary Karter Bishop Member of the board of directors 1 Nov 2013 Other 5203069
Lynn Exton Member of the investment committee 1 Mar 2014 Other 4014002
William David Unger Member of the board of directors 1 Jun 2014 Other 6361168
Matthew Edward Tocks Member of the investment committee 1 Jun 2014 Other 3093017
Candace Lynn Smith Chief compliance officer, managing director of risk, and member of the investment committee 1 Jan 2015 Other 5780935
Douglas James Young Chief investment officer 1 Jan 2015 Other 6139253
Andreas Eichin Director of investments and member of the investment committee 1 Jan 2016 Other 6709775
Marieanne Jorajuria Chief financial officer 1 Feb 2016 Other 4040713
Brenda Elizabeth Hansen Chief compliance officer 1 Mar 2016 Other 6687897
Jr John Joseph Beckham Chief of strategy 1 Jun 2016 Other 6671752
Dorothy Marie Vanderbeck Member of the board of directors 1 Jul 2016 Other 6686810
Douglas James Young Managing director of equity and member of the investment committee 1 Mar 2017 Other 6139253
Jr John Joseph Beckham Chief investment officer and member of the investment committee 1 Mar 2017 Other 6671752
Amir Poustinchi Chief financial officer 1 Jun 2017 Other 6821999
Monika Scherer General counsel 1 Aug 2017 Other 6858740
Bhakti R Mirchandani Member of the board, gp edf 1 Jan 2018 Other 3252925
Angela None Atherton Member of the edf investment committee 1 Jan 2018 Other 6124081
Santiago Miguel Arias Member of the edf investment committee 1 Jan 2018 Other 6903406
Angela Homsi Member of the edf investment committee 1 Jan 2018 Other 5046220
Ivan Chi Mow Yung Member of the edf investment committee 1 Jan 2018 Other 6903434
Candace Lynn Smith Senior adviser and member of the investment committee 1 Aug 2018 Other 5780935
Phyllis R Caldwell Member of the board of directors 1 Nov 2018 Other 5195426
Gregory L Gaeddert Member of the board of directors 1 Nov 2018 Other 7041285
Mark Muckerheide Member of the board of directors 1 Jan 2019 Other 7062906
Ronald Dennis Cordes Vice-chairman of the board of directors 1 Mar 2019 Other 1920507

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Cooperative For Assistance And Relief Member 1 Apr 2003 25% - 50% 13-1685039
Mennonite Economic Development Associates Member 1 Apr 2003 25% - 50% 23-7398678
Ltd. Seed Capital Development Fund Owner 1 Apr 2003 Other 52-1751172
Seed Capital Development Fund Owner 1 Apr 2003 Other 52-1751172
Cordes Foundation Owner 1 Jul 2011 Other 25-1926063

Based in Bethesda

The principal office where Microvest Capital Management LLC performs its advisory services is located at 7315 Wisconsin Avenue, Bethesda, MD 20814, 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 301-664-6680 or by fax 240-380-1028. The normal business hours are 9:00 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at microvestfund.com.