Silvermine Capital Management, LLC (New York)

Name: Silvermine Capital Management, LLC
Address: 452 Fifth Avenue, New York, NY, 10018
Telephone: 212-649-6600

Silvermine Capital Management, LLC is a large advisory firm based in New York. It manages $1.79 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Connecticut.

Silvermine Capital Management 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.

Silvermine Capital Management: assets under management

The assets under management (AUM) of Silvermine Capital Management, LLC is $1.79 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -43% since the beginning of its operation, and $1.79 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.79 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $357.3 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Silvermine Capital Management, LLC 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 Eric Galip Burl serves?

The only and largest group of clients of Eric Galip Burl is pooled investment vehicles with 5 clients and $1.79 billion of assets under management. Among the 13 most similar advisory firms, Silvermine Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.79 billion for 5 clients. 100% of the firm’s clients are foreign persons or businesses.

Silvermine Capital Management also advises several private funds. Namely, five securitized asset funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Silvermine Capital Management, LLC

The company employs 19 people that are either part- or full-time employees. 68 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Eric Galip Burl has been acting as President since 1 Jan 2015. Man Group Treasury Limited joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Steven Kalin	Managing director	1 Apr 2005	25% - 50%	5703228
Richard Fredrich Kurth	Managing director	1 Apr 2005	25% - 50%	3054351
Aaron A Meyer	Principal	1 Apr 2005	Other	5703230
Jonathan J Marks	Principal	1 Apr 2005	Other	5703232
Aaron Arturs Meyer	Member	1 Apr 2005	Other	5703230
Jonathan Joseph Marks	Member	1 Apr 2005	Other	5703232
Giorgio Santiago Boero	Chief compliance officer	1 Apr 2006	Other	5703234
Brian Charles Carlson	Member	1 May 2006	Other	5707374
Lp Whitecap (Us)Fund I	Member	1 Jun 2006	Other	11-3695181
Michael Nmi Pettingill	General counsel	1 Jan 2011	Other	6097299
Lisa Raggi Conrad	Chief compliance officer	1 Jul 2012	Other	1631111
Richard F. Kurth 2013 Family Irrevocable Trust	Member	1 Dec 2013	Other	xxx-xx-xxxx
George Steven Kalin	Co-head leveraged credit	1 Jan 2015	Other	5703228
Richard Fredrich Kurth	Co-head of leveraged credit	1 Jan 2015	Other	3054351
Man Investments Holdings Inc.	Sole member	1 Jan 2015	75% - 100%	13-4049528
Eric Galip Burl	President	1 Jan 2015	Other	6144993
Robert Richard Hanna	Vice president	1 Jan 2015	Other	5399224
Shiraz Younus Kajee	Treasurer	1 Jan 2015	Other	4468276
Lisa Janel Stanton	Secretary	1 Jan 2015	Other	6381826
Eric Burl	President	1 Jan 2015	Other	6144993
Rick Hanna	Vice president	1 Jan 2015	Other	5399224
Lisa Stanton	Secretary	1 Jan 2015	Other	6381826
Solomon Edmund Kuckelman	Secretary	1 Jun 2015	Other	6435789
Nadine Nmn Le Gall	Chief compliance officer	1 May 2016	Other	4358239
David Anselm Gallias	Treasurer	1 Jun 2016	Other	6004624
Brian Patrick Doohan	Chief compliance officer	1 Oct 2016	Other	5440523
Nadine Nmn Le Gall	Head of compliance americas	1 Oct 2016	Other	4358239

Indirect Owners

The SEC currently registers 17 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brian Lee Broesder	Member	1 Aug 2003	25% - 50%	2899742
Westin Harlyn Lovy	Member	1 Aug 2003	25% - 50%	5771363
Mark David Klipsch	Member	1 Aug 2003	25% - 50%	2783627
Eric Scott Kamisher	Member	1 Aug 2003	25% - 50%	3190862
Llc Whitecap Advisors	General partner	1 Aug 2003	Other	20-0983111
E.D.& F. Man Investments Bv	Shareholder	1 Jul 2006	75% - 100%	foreign entity
E. D. & F. Man Investments B.V.	Shareholder	1 Jul 2006	75% - 100%	foreign entity
Man Investments Usa Holdings Inc.	Shareholder	1 Aug 2006	75% - 100%	98-0503332
Man Group Uk Limited	Shareholder	1 Jul 2010	75% - 100%	foreign entity
Man Investments Finance Limited	Shareholder	1 Jul 2010	75% - 100%	foreign entity
Man Strategic Holdings Limited	Shareholder	1 Jul 2010	75% - 100%	foreign entity
Man Group Plc	Shareholder	1 Nov 2012	75% - 100%	foreign entity
Man Group Holdings Limited	Shareholder	1 Aug 2013	75% - 100%	foreign entity
Dawn Christine Kurth	Trustee	1 Dec 2013	Other	2977633
Man Group Treasury Limited	Shareholder	1 May 2019	75% - 100%	foreign entity
Man Worldwide Operations Management Limited	Shareholder	1 May 2019	75% - 100%	foreign entity
Man Group Plc	Shareholder	1 May 2019	75% - 100%	foreign entity

Based in New York

The principal office where Silvermine Capital Management, LLC performs its advisory services is located at 452 Fifth Avenue, New York, NY 10018, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-649-6600. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at glgpartners.com/res/silvermine.