Tilden Park Capital Management LP (New York)


Tilden Park Capital Management LP is a large advisory firm based in New York. It manages $18.77 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Tilden Park Capital Management provides portfolio management for pooled investment vehicles and portfolio management for real estate investment trust. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tilden Park Capital Management: assets under management

The assets under management (AUM) of Tilden Park Capital Management LP is $18.77 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 5028% since the beginning of its operation, and $18.56 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $18.77 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.35 billion each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tilden Park Capital Management 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 Tilden Park Capital Management serves?

The only and largest group of clients of Tilden Park Capital Management is pooled investment vehicles with 7 clients and $18.56 billion of assets under management. Among the 11 most similar advisory firms, Tilden Park Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $18.56 billion for 7 clients. 63% of the firm’s clients are foreign persons or businesses.

Tilden Park Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Tilden Park Capital Management LP

The company employs 55 people that are either part- or full-time employees. 40 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.

Joshua Seth Birnbaum has served as the Chief Investment Officer since 1 Feb 2009. Michael Patrick Holland joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jeremy Daniel Primer Head of research/chief risk officer 1 Feb 2009 Other 2555935
Joshua Seth Birnbaum Chief investment officer 1 Feb 2009 75% - 100% 2771091
Samuel Clifton Alcoff Chief operating officer/chief technical officer 1 Feb 2009 Other 3097758
Tilden Park General Management Llc General partner 1 Feb 2009 Other 80-0516185
Robert Salvatore Rossitto Chief financial officer 1 Nov 2009 Other 5394925
Robert S Rossitto Chief financial officer/chief compliance officer 1 Nov 2009 Other 5394925
Neil Matthew Margolies General counsel 1 Apr 2013 Other 6230755
Neil Matthew Margolies General counsel/chief compliance officer 1 Jul 2013 Other 6230755
Michael Patrick Holland Chief compliance officer 1 Mar 2017 Other 6770478

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Joshua Seth Birnbaum Managing member 1 Mar 2009 75% - 100% 2771091

Based in New York

The principal office where Tilden Park Capital Management LP performs its advisory services is located at 452 Fifth Avenue, New York, NY 10018, 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 212-754-1700 or by fax 646-480-5370. The normal business hours are 9am - 6pm on Monday - Friday. You can find more information about the New York firm at tildenparkcapital.com/.