CARL MARKS MANAGEMENT COMPANY, LLC

other names
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Adviser Profile
As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 9 12.50%
of those in investment advisory functions 6
Registration SEC, Approved, 03/25/1992
AUM* 383,288,625 -3.62%
of that, discretionary 383,288,625 -3.62%
Private Fund GAV* 338,702,282 2.91%
Avg Account Size 127,762,875 -3.62%
SMA’s No
Private Funds 3
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
723M 620M 517M 413M 310M 207M 103M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$338,702,282

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Brochure Summary

Overview

Carl Marks Management Company, LLC (“CMMC”), a Delaware limited liability company was formed in 1987 as Carl Marks Management Company, L.P. and converted into a limited liability company on March 28, 2006. CMMC is registered with the Securities and Exchange Commission as an investment adviser under the Investment Advisers Act of 1940 and is an investment adviser, on a discretionary basis, to investment partnerships. CMMC specializes in analyzing and investing in companies contemplating or undergoing reorganization proceedings or major financial restructurings or recapitalizations, or which are emerging from such proceedings or transactions.
CMMC’s owners are its managing members, Andrew M. Boas, Robert C. Ruocco, James F. Wilson, Michael S. Lee, and Esteban Rakela. Michael S. Lee is the chief investment officer of CMMC. CMMC does not tailor its advisory services to the individual needs of clients and clients may not impose restrictions on investing in certain securities or types of securities. As of December 31, 2023, CMMC manages $383,288,625 of client assets on a discretionary basis, which includes $44,586,343 of unfunded commitments in Carl Marks Strategic Opportunities Fund III, L.P. CMMC manages no client assets on a non-discretionary basis.