Summit Partners Credit Advisors, L.P. (Boston)

Name: Summit Partners Credit Advisors, L.P.
Address: 222 Berkeley Street, Boston, MA, 02116 3748
Telephone: 617-824-1000

Summit Partners Credit Advisors, L.P. is a large advisory firm based in Boston. It manages $1.61 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California and Massachusetts.

Summit Partners Credit Advisors 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.

Summit Partners Credit Advisors: assets under management

The assets under management (AUM) of Summit Partners Credit Advisors, L.P. is $1.61 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 581% since the beginning of its operation, and $421.35 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.61 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.05 million each.

Summit Partners Credit Advisors has custody of $1.61 billion in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Summit Partners Credit Advisors, L.P. 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 Credit Advisors serves?

The only and largest group of clients of Summit Partners Credit Advisors is pooled investment vehicles with 12 clients and $1.61 billion of assets under management. Among the 8 most similar advisory firms, Summit Partners Credit Advisors has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.61 billion for 12 clients. 50% of the firm’s clients are foreign persons or businesses.

Summit Partners Credit Advisors also advises several private funds. Namely, nine private equity funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Summit Partners Credit Advisors, L.P.

The company employs 21 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
Summit Master Company Llc	General partner	1 Feb 2010	Other	04-3478655
L.P. Summit Partners	Limited partner	1 Feb 2010	75% - 100%	135271
Robin Winters Devereux	Chief compliance officer	1 Feb 2010	Other	2132388
James Freeland	Limited partner	1 Feb 2010	Other	6317616
Todd Dustin Hearle	Limited partner	1 Feb 2010	Other	2560434
Llc Summit Master Company	General partner	1 Feb 2010	Other	04-3478655
Gregg Justin Nardone	Limited partner	1 Feb 2010	Other	2709017
Robert M. Hassell	Limited partner	1 Aug 2015	Other	4721874
Robin Winters Devereux	Chief administrative officer	1 Jul 2018	Other	2132388
Adam D Britt	Limited partner	1 Dec 2018	Other	7089084
Erin Helen White	Chief compliance officer	1 Jul 2019	Other	7152170

Indirect Owners

The SEC currently registers 16 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
James Richard Westra	Board member	1 Apr 2006	Other	1491386
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 Credit Advisors, L.P. 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 624-824-1100. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at summitpartners.com.