Cross Lake Partners LP (New York)

Name: Cross Lake Partners LP
Address: 1166 Avenue Of The Americas, New York, NY, 10036
Telephone: 212-599-6336

Cross Lake Partners LP is a large advisory firm based in New York. It manages $1.04 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2018.

Cross Lake Partners 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.

Cross Lake Partners: assets under management

The assets under management (AUM) of Cross Lake Partners LP is $1.04 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 14% since the beginning of its operation, and $168.74 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.04 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $173.68 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cross Lake Partners LP 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 Cross Lake Partners serves?

The only and largest group of clients of Cross Lake Partners is pooled investment vehicles with 6 clients and $1.04 billion of assets under management. Among the 9 most similar advisory firms, Cross Lake Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.04 billion for 6 clients. 33% of the firm’s clients are foreign persons or businesses.

Cross Lake Partners also advises several private funds. Namely, three real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $3,000,000.

Careers at Cross Lake Partners LP

The company employs 11 people that are either part- or full-time employees. 55 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
Jonathan T Shumaker	Managing partner, limited partner, and cco	1 Apr 2018	Other	4017400
Michael Andrew Barr	Managing partner and limited partner	1 Apr 2018	Other	2270650
Cross Lake Partners Llc	General partner	1 Apr 2018	75% - 100%	82-5222331

Based in New York

The principal office where Cross Lake Partners LP performs its advisory services is located at 1166 Avenue Of The Americas, New York, NY 10036, 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 212-599-6336. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at crosslakepartners.com and its LinkedIn profile.