Saracen Capital LP (Houston)

Name: Saracen Capital LP
Address: 3033 W. Alabama, Houston, TX, 77098
Telephone: 713-579-3939

Saracen Capital LP is a large advisory firm based in Houston. It manages $404.14 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Texas.

Saracen Capital provides portfolio management for individuals and small businesses, 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.

Saracen Capital: assets under management

The assets under management (AUM) of Saracen Capital LP is $404.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 85% since the beginning of its operation, and $166.33 million of the total AUM is attributable to clients outside of the United States.

The firm manages $404.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.71 million each.

Investments

The firm invests in government bonds the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Saracen Capital LP for their services and products based on a percentage of assets under management 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 Saracen Capital serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Saracen Capital is pooled investment vehicles with 1 clients and $305.93 million of assets under management. Among the 9 most similar advisory firms, Saracen Capital has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $404.14 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.

Saracen Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Saracen Capital LP

The company employs 9 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 2 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.

Leon Andrew Wells has served as the Chief Investment Officer since 1 May 2013. Llc Convexity Cubed joined the executive team most recently as the Limited Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tea Time Investments Llc	General partner	1 Feb 2011	Other	45-2645674
Lp Saracen Energy Advisors	Limited partner	1 May 2013	50% - 75%	136435
Leon Andrew Wells	Chief investment officer	1 May 2013	Other	2969510
Taylor Heath Holladay	Coo	1 May 2013	Other	4980869
Allison Paige Duensing	Chief compliance officer	1 Jan 2014	Other	5771541
Llc Convexity Cubed	Limited partner	1 Jan 2018	Other	82-4446617
Llc Apollo Global Advisors	Limited partner	1 Jan 2018	Other	27-1880909

Indirect Owners

The SEC currently registers 13 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Saracen Llc	General partner	1 Jan 2005	Other	72-1580160
Neil Edward Kelley	Chief executive officer	1 Jan 2005	Other	4999572
Inc. Nek Investco	Member	1 Jan 2005	25% - 50%	20-2220812
C3 Investments Lp	Limited partner	1 Apr 2009	25% - 50%	52-1966735
Inc. Nek Investco	Limited partner	1 Apr 2009	25% - 50%	20-2220812
Neil Edward Kelley	Sole shareholder	1 Apr 2009	75% - 100%	4999572
Taylor Heath Holladay	Owner	1 Feb 2010	75% - 100%	4980869
C3 Investments Gp Llc	General partner	1 Sep 2010	Other	27-3983418
Neil Edward Kelley	Limited partner	1 Sep 2010	75% - 100%	4999572
Inc. Nek Investco	Member	1 Sep 2010	50% - 75%	20-2220812
Leon Andrew Wells	Owner	1 Feb 2011	50% - 75%	2969510
Taylor Heath Holladay	Owner	1 Feb 2011	50% - 75%	4980869
Leon Andrew Wells	Owner	1 Dec 2016	75% - 100%	2969510

Based in Houston

The principal office where Saracen Capital LP performs its advisory services is located at 3033 W. Alabama, Houston, TX 77098, 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 713-579-3939 or by fax 713-579-3940. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at saracencapital.net.