Cr Group L.P. (Houston)

Name: Cr Group L.P.
Address: 1000 Main Street, Suite 2500, Houston, TX, 77002 6340
Telephone: 713-209-7350

Cr Group L.P. is a large advisory firm based in Houston. It manages $2.91 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Colorado and Texas.

Cr Group 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.

Cr Group: assets under management

The assets under management (AUM) of Cr Group L.P. is $2.91 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 37% since the beginning of its operation, and $1.99 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.91 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $242.91 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cr Group L.P. 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 Cr Group serves?

The only and largest group of clients of Cr Group is pooled investment vehicles with 12 clients and $2.91 billion of assets under management. Among the 12 most similar advisory firms, Cr Group has the 6th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.91 billion for 12 clients. 64% of the firm’s clients are foreign persons or businesses.

Cr Group also advises several private funds. Namely, twelve private equity funds. The minimum investment commitment required of non-related persons ranges from $20,000 to $500,000,000.

Careers at Cr Group L.P.

The company employs 23 people that are either part- or full-time employees. 65 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
Caprx Capital L.P.	General partner	1 Apr 2003	Other	32-0074636
David R Carter	Partner	1 Jan 2006	Other	1525131
Andrei J. Dorenbaum	General counsel, managing director & chief compliance officer	1 Mar 2010	Other	5771196
Michael Peter Weinmann	Managing director	1 May 2010	Other	3015384
Luke Christopher Duster	Partner	1 Dec 2013	Other	4191557
Garth Adam Monroe	Chief financial officer	1 Mar 2014	Other	6316831
Capital Royalty Holdings L.P.	Limited partner	1 Dec 2015	75% - 100%	81-0983858
Nathan Dehass Hukill	Managing partner	1 May 2018	Other	4016569
Michael Peter Weinmann	Partner	1 May 2018	Other	3015384
Andrei J. Dorenbaum	Partner, general counsel & chief compliance officer	1 May 2018	Other	5771196
Courtney Amour Grobe	Chief financial officer	1 Apr 2019	Other	7111937

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Caprx L.L.C.	General partner	1 Apr 2003	Other	20-1636505
Caprx Capital L.P.	General partner	1 Nov 2015	Other	32-0074636
Charles William Tate	Limited partner	1 Nov 2015	25% - 50%	1524453
Nathan Dehass Hukill	Limited partner	1 Nov 2015	25% - 50%	4016569
Nathan Dehass Hukill	Sole member	1 Mar 2018	75% - 100%	4016569

Based in Houston

The principal office where Cr Group L.P. performs its advisory services is located at 1000 Main Street, Suite 2500, Houston, TX 77002 6340, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-209-7350 or by fax 713-209-7351. The normal business hours are 8:30am - 5:30pm central time on Monday - Friday. You can find more information about the New York firm at crglp.com and its LinkedIn profile.