The SELECT EQUITY GROUP, L.P. is a privately held investment adviser that advises $56.98Bn in regulatory assets under management held in 5 SEC fund types across 5 investment strategies. SELECT EQUITY GROUP, L.P. is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 80.06% over the last 5-years.
The Group has been registered with the SEC for 12.19 years and is comprised of 2 filing and 0 relying advisers. They operate out of 4 office locations with their Headquarters at 380 LAFAYETTE STREET, NEW YORK, NY. The Group has been subject to regulatory enforcement actions. They are regulated by 4 US and Non-US bodies.
They have 213 employees comprised of 101 investment and 112 non-investment staff. The total number of Employees increased by 45.89% over the last 5-years.
Their $56.98Bn in assets advised are owned by 80 private funds, 2 public funds and BDCs and 86 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $47.98Bn or 84.21% of Total Assets and Other Investment Advisers own $2.36Bn or 4.13% of Total Assets.
The Group's top investment strategies include Long/Short Equity, Early Stage and Traditional LBO, representing 95.22%, 2.41% and 2.36% of total assets, respectively.
They advise 8 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Other Investment Advisers.
The Group uses 3 Fund Administrators, 3 Fund Auditors, 2 Prime Brokers, 6 Custodians and 11 Marketers. It does not report a third-party Fund Administrator in 25 private funds with $526.43mn in assets.
The Group discloses management fees and performance-based fees.
SELECT EQUITY GROUP, L.P. names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 7 funds.
They have a HIGH-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 SELECT EQUITY GROUP, L.P.'s case, they have 25 business conditions that require high process maturity and 2 Watch Factors.