Corbin Capital Partners, L.P. (New York)

Name: Corbin Capital Partners, L.P.
Address: 590 Madison Avenue, New York, NY, 10022
Telephone: (212) 634-7373

Corbin Capital Partners, L.P. is a large advisory firm based in New York. It manages $7.34 billion of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2005.

Corbin Capital Partners provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Corbin Capital Partners: assets under management

The assets under management (AUM) of Corbin Capital Partners, L.P. is $7.34 billion. The firm's AUM has grown by 581% since the beginning of its operation, and $3.49 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $7.23 billion in discretionary accounts and $102.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $380.75 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $102.79 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in other assets form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Corbin Capital Partners, L.P. 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 Corbin Capital Partners serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Corbin Capital Partners is pooled investment vehicles with 10 clients and $4.22 billion of assets under management. Among the 11 most similar advisory firms, Corbin Capital Partners has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.37 billion for 11 clients. 45% of the firm’s clients are foreign persons or businesses.

Corbin Capital Partners also advises several private funds. Namely, eight hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Corbin Capital Partners, L.P.

The company employs 47 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Craig Gary Bergstrom has served as the Chief Investment Officer since 1 Feb 2012 and Tracy Karen Mchale Stuart is the Chief Executive Officer of Corbin Capital Partners, L.P. family office. Norma Lerner joined the executive team most recently as the Trustee.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Henry Alexander Swieca	Indirect owner of general partner	1 Nov 1997	Other	711959
Glenn Russell Dubin	Chief investment officer	1 Nov 1997	Other	864420
Henry Alexander Swieca	Indirect owner of general partner	1 Dec 1997	Other	711959
Glenn Russell Dubin	Chief investment officer	1 Dec 1997	Other	864420
Anthony James Anselmo	Chief operating officer	1 Mar 2004	Other	1787879
Tracy Karen Mchale Stuart	Chief executive officer	1 Apr 2004	Other	4050592
Anthony James Anselmo	Chief compliance officer	1 Jul 2004	Other	1787879
Llc Corbin Capital Partners Group	General partner	1 Feb 2005	50% - 75%	13-3993060
Llc Corbin Capital Partners	General partner	1 Feb 2005	75% - 100%	13-3993060
Daniel Evan Friedman	Chief legal officer	1 Mar 2005	Other	4965374
Lerner Ccp Holdings Llc	Limited partner	1 Aug 2006	Other	71-1011760
Daniel Evan Friedman	General counsel	1 Jan 2008	Other	4965374
Steven Carlino	Chief financial officer	1 Mar 2009	Other	2294033
Craig Gary Bergstrom	Limited partner, co-chief investment officer	1 Jan 2010	Other	2418664
David Mark Ben Ur	Limited partner, co-chief investment officer	1 Jan 2010	Other	2934637
Craig Gary Bergstrom	Chief investment officer	1 Feb 2012	Other	2418664
Thomas Darryl Spadaccini	Chief compliance officer	1 Mar 2012	Other	2973773

Indirect Owners

The SEC currently registers 18 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Henry Alexander Swieca	Co-chairman	1 Jun 1989	50% - 75%	711959
Glenn Russell Dubin	Co-chairman	1 Jun 1989	50% - 75%	864420
Inc. Dubin & Swieca Capital Management	Sole owner	1 Nov 1997	75% - 100%	13-3530960
Inc. Dubin & Swieca Capital Management	Sole owner	1 Dec 1997	75% - 100%	13-3530960
Norma Lerner	Member	1 Aug 2006	75% - 100%	5249683
Todd Christopher Builione	Trustee	1 Nov 2011	Other	4001697
Henry Alexander Swieca	Trustee	1 Nov 2011	Other	711959
Esther Swieca	Trustee	1 Nov 2011	Other	6316665
Dubin Family 2011 Trust	Member	1 Dec 2013	50% - 75%	45-6607758
Henry Swieca 2011 Descendants' Trust	Member	1 Dec 2013	50% - 75%	35-6941240
Glenn Dubin 2016 Descendants' Trust	Member	1 Dec 2013	50% - 75%	45-6607758
Henry Alexander Swieca	Managing member	1 Dec 2014	50% - 75%	711959
Glenn Russell Dubin	Managing member	1 Dec 2014	50% - 75%	864420
Robert Gregory Eisner	Trustee	1 Dec 2014	Other	4683991
Norma Lerner	Trustee	1 Aug 2016	Other	5249683
Nl 2010 Grat No 4 Art 2 Fbo Nancy Lerner	Member	1 Aug 2016	25% - 50%	35-7117438
Nl 2010 Grat No 4 Art 2 Fbo Randy Lerner	Member	1 Aug 2016	25% - 50%	35-7117437
Randolph Lerner	Trustee	1 Aug 2016	Other	6929650

Based in New York

The principal office where Corbin Capital Partners, L.P. performs its advisory services is located at 590 Madison 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) 634-7373 or by fax (212) 634-7399. The normal business hours are 8:30am - 6:00pm on Monday - Friday. You can find more information about the New York firm at corbincapital.com.