Summit Partners Public Asset Management, LLC (Boston)

Summit Partners Public Asset Management, LLC is a large advisory firm based in Boston. It manages $1.25 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Massachusetts.

Summit Partners Public Asset 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.

Summit Partners Public Asset Management: assets under management

The assets under management (AUM) of Summit Partners Public Asset Management, LLC is $1.25 billion. The firm's AUM has grown by 617% since the beginning of its operation, and $631.21 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.24 billion in discretionary accounts and $15.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $112.38 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.93 million.

Summit Partners Public Asset Management has custody of $1.02 billion in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 47% of the firm’s portfolio. Investments in derivatives form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Summit Partners Public Asset 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 Summit Partners Public Asset Management serves?

The firm provides services to other investment advisers, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Summit Partners Public Asset Management is pooled investment vehicles with 10 clients and $1.02 billion of assets under management. Among the 7 most similar advisory firms, Summit Partners Public Asset Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.25 billion for 12 clients. 60% of the firm’s clients are foreign persons or businesses.

Summit Partners Public Asset Management also advises several private funds. Namely, ten hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Summit Partners Public Asset Management, LLC

The company employs 13 people that are either part- or full-time employees. 100 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
L.P. Summit Partners	Managing member	1 Feb 2015	75% - 100%	135271
Robin Winters Devereux	Chief compliance officer	1 Feb 2015	Other	2132388
Robin Winters Devereux	Chief administrative officer	1 Jul 2018	Other	2132388
Erin Helen White	Chief compliance officer	1 Jul 2019	Other	7152170

Indirect Owners

The SEC currently registers 15 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Gilbert Woodsum	Board member	1 Aug 1999	Other	4947280
Llc Summit Master Company	General partner	1 Aug 1999	Other	043478655
Walter German Kortschak	Board member	1 Aug 1999	Other	4947356
Thomas Scott Roberts	Board member	1 Dec 2000	Other	4947357
Martin Joseph Mannion	Board member	1 Dec 2000	Other	1299321
Bruce Roger Evans	Board member	1 Dec 2000	Other	4947358
Joseph Francis Trustey	Board member	1 Dec 2000	Other	4947359
Peter Y Chung	Board member	1 Nov 2011	Other	4950552
Scott Charles Collins	Board member	1 Sep 2015	Other	5502675
Thomas Hungerford Jennings	Board member	1 Aug 2017	Other	5650902
John Robert Carroll	Board member	1 Aug 2017	Other	6852829
Craig David Frances	Board member	1 Aug 2017	Other	6852834
Charles James Fitzgerald	Board member	1 Aug 2017	Other	6852833
Martin Joseph Mannion	Board member	1 Feb 2019	Other	1299321
Darren Michael Black	Board member	1 Feb 2019	Other	6179107

Based in Boston

The principal office where Summit Partners Public Asset Management, LLC performs its advisory services is located at 222 Berkeley Street, Boston, MA 02116 3748, which is also the mailing address of the firm. An additional office of the firm is in Menlo Park, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-824-1000 or by fax 617-824-1100. The normal business hours are 8:00am - 5:00pm on Monday - Friday.