Morgan Creek Capital Management, LLC (Chapel Hill)

Name: Morgan Creek Capital Management, LLC
Address: 301 West Barbee Chapel Road, Chapel Hill, NC, 27517
Telephone: 919-933-4004

Morgan Creek Capital Management, LLC is a large advisory firm based in Chapel Hill. It manages $1.81 billion of regulatory assets for 38 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of North Carolina.

Morgan Creek Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, selection of other advisers, and non-discretionary investment consulting services to 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.

Morgan Creek Capital Management: assets under management

The assets under management (AUM) of Morgan Creek Capital Management, LLC is $1.81 billion. The firm's AUM has grown by 51% since the beginning of its operation, and $118.05 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.52 billion in discretionary accounts and $286.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $52.44 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $31.82 million.

Morgan Creek Capital Management has custody of $64.87 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 85% of the total AUM. The second-largest asset type is investment and business development companies, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Morgan Creek 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 Morgan Creek Capital Management serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Morgan Creek Capital Management is pooled investment vehicles with 29 clients and $1.53 billion of assets under management. Among the 10 most similar advisory firms, Morgan Creek Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.81 billion for 38 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 24% of the firm’s clients are foreign persons or businesses.

Morgan Creek Capital Management also advises several private funds. Namely, five hedge funds and eighteen private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Morgan Creek Capital Management, LLC

The company employs 38 people that are either part- or full-time employees. 39 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 4 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark William Yusko	Chief executive officer & chief investment officer	1 Mar 2004	Other	2369220
Mark W. Yusko	President and chief investment officer	1 Mar 2004	50% - 75%	2369220
Dennis Michael Miner	Managing director	1 Mar 2004	Other	1868629
Neil T Kuyper	Managing director, coo & cco	1 Dec 2004	Other	5072057
Michael Hennessy	Managing director	1 Jan 2005	Other	5072058
Jhrmc Llc	Member	1 Dec 2005	Other	20-3907737
David K Kim	Principal	1 Jan 2006	Other	5093183
Niizav Dinesh Kachalia	Principal	1 Jan 2006	Other	2774261
Bradford Blaise Briner	Principal	1 Jan 2007	Other	5313616
Andrea Lynn Aszigethy	Principal	1 Jan 2007	Other	5313619
James Thomas Spencer	Principal	1 Jan 2007	Other	5313621
Joshua Smith Tilley	Vice president	1 Jan 2007	Other	5313625
Zhen Zhang	Managing director	1 Sep 2007	Other	5772592
Niizav Dinesh Kachalia	Managing director	1 Jan 2008	Other	2774261
Nirav Dinesh Kachalia	Managing director	1 Jan 2008	Other	2774261
David K Kim	Managing director	1 Jul 2008	Other	5093183
Bradford Blaise Briner	Managing director	1 Jan 2009	Other	5313616
William Miller Watts	Director, regulatory affairs & chief compliance officer	1 Mar 2009	Other	5655060
Robin H. Butler	Chief compliance officer	1 May 2011	Other	5919166
Llc Mccm Group	Owner	1 Jan 2012	75% - 100%	36-4717276
Nicholas Peter Hawkins Taylor	Chief financial officer	1 Nov 2014	Other	6603407

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Julian Robertson	Member	1 Dec 2005	75% - 100%	1553801
Mark William Yusko	President	1 Jan 2012	50% - 75%	2369220

Based in Chapel Hill

The principal office where Morgan Creek Capital Management, LLC performs its advisory services is located at 301 West Barbee Chapel Road, Chapel Hill, NC 27517, 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 919-933-4004 or by fax 919-933-4048. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at morgancreekcap.com.