The CONCORD MANAGEMENT SERVICES is a privately held investment adviser that advises $1.13Bn in regulatory assets under management held in 1 SEC fund types across 2 investment strategies. CONCORD MANAGEMENT SERVICES is a Hybrid A hybrid fund manager is a manager whose total assets under management are spread across multiple investment vehicle types rather than concentrated in one. Fund Manager. Assets increased by 278.05% over the last 5-years.
The Group has been registered with the SEC for 6.98 years and is comprised of 1 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at 25 DEFOREST AVENUE SUITE 108, SUMMIT, NJ. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 8 employees comprised of 6 investment and 2 non-investment staff. The total number of Employees decreased by 20% over the last 5-years.
Their $1.13Bn in assets advised are owned by 5 private funds, 1 public fund and BDCs and 0 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $633.2mn or 55.88% of Total Assets and Investment Companies (IC) own $500mn or 44.12% of Total Assets.
The Group's top investment strategies include Traditional LBO and Early Stage, representing 80.31% and 19.69% of total assets, respectively.
They advise 2 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Investment Companies (IC).
The Group uses 2 Fund Administrators, 2 Fund Auditors, 0 Prime Brokers, 2 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses management fees and performance-based fees.
CONCORD MANAGEMENT SERVICES names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a MEDIUM-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In CONCORD MANAGEMENT SERVICES's case, they have 6 business conditions that require high process maturity and 1 Watch Factors.