Blackrock Alternatives Management, LLC (New York)

Name: Blackrock Alternatives Management, LLC
Address: 55 East 52 Nd Street, New York, NY, 10055
Telephone: 212-810-5300

Blackrock Alternatives Management, LLC is a large advisory firm based in New York. It manages $5.84 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Connecticut, New York, and Texas.

Blackrock Alternatives 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.

Blackrock Alternatives Management: assets under management

The assets under management (AUM) of Blackrock Alternatives Management, LLC is $5.84 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 64% since the beginning of its operation, and $3.7 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $5.84 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $389.25 million each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 84% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blackrock Alternatives 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 Blackrock Alternatives Management serves?

The only and largest group of clients of Blackrock Alternatives Management is pooled investment vehicles with 9 clients and $5.54 billion of assets under management. Among the 11 most similar advisory firms, Blackrock Alternatives Management has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.54 billion for 9 clients. 60% of the firm’s clients are foreign persons or businesses.

Blackrock Alternatives Management also advises several private funds. Namely, eleven private equity funds. The minimum investment commitment required of non-related persons ranges from $2,020,000 to $15,000,000.

Careers at Blackrock Alternatives Management, LLC

The company employs 24 people that are either part- or full-time employees. 96 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
Inc. Blackrock Holdco 2	Sole member of applicant	1 Mar 2017	75% - 100%	68-0635711
Charles Choon Sik Park	Chief compliance officer	1 Mar 2017	Other	2704483
Todd William Slattery	Chief operating officer	1 Mar 2017	Other	2646022
Mark Seumas Mccombe	Senior managing director and head of blackrock alternative investors	1 Mar 2017	Other	5306840
David Jakob Blumer	Senior managing director and head of blackrock alternative investors	1 Sep 2017	Other	4945886

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Blackrock	Sole shareholder	1 Sep 2006	75% - 100%	32-0174431

Based in New York

The principal office where Blackrock Alternatives Management, LLC performs its advisory services is located at 55 East 52 Nd Street, New York, NY 10055, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-810-5300. The normal business hours are 7:30am to 7:30pm on Monday - Friday. You can find more information about the New York firm at mp.weixin.qq.com/mp/profile_ext?action=home&__biz=mzizmtc3mtq2mw==&scene=124#wechat_redirect.