Alfacap LLC, D/B/A Reciprocal Capital (New York)


Alfacap LLC, D/B/A Reciprocal Capital is a mid-sized advisory firm based in New York. It manages $57.81 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2016.

Alfacap LLC, D/B/A Reciprocal Capital provides portfolio management for pooled investment vehicles, selection of other advisers, and provide investment advice on private secondary investments. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Alfacap LLC, D/B/A Reciprocal Capital: assets under management

The assets under management (AUM) of Alfacap LLC, D/B/A Reciprocal Capital is $57.81 million. The firm's AUM has gone down by -10% since the beginning of its operation, and $36.11 million of the total AUM is attributable to clients outside of the United States.

The firm manages $21.7 million in discretionary accounts and $36.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $21.7 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.04 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alfacap LLC, D/B/A Reciprocal Capital 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 Alfacap LLC, D/B/A Reciprocal Capital serves?

The only and largest group of clients of Alfacap LLC, D/B/A Reciprocal Capital is pooled investment vehicles with 4 clients and $57.81 million of assets under management. Among the 4 most similar advisory firms, Alfacap LLC, D/B/A Reciprocal Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $57.81 million for 4 clients. 75% of the firm’s clients are foreign persons or businesses.

Alfacap LLC, D/B/A Reciprocal Capital also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Alfacap LLC, D/B/A Reciprocal Capital

The company employs 1 person that is either a part- or full-time employee. 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
Michael Bart Alfano Member and chief compliance officer 1 Aug 2014 75% - 100% 6704840

Based in New York

The principal office where Alfacap LLC, D/B/A Reciprocal Capital performs its advisory services is located at 85 West Broadway, New York, NY 10007 The mailing address of the firm is 80 Broad Street, 5 Th Floor, New York, NY 10004. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 917-288-3834. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at reciprocalcapital.com.