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Adviser Profile

As of Date 11/08/2024
Adviser Type - Large advisory firm
Number of Employees 157 6.08%
of those in investment advisory functions 67 9.84%
Registration SEC, Approved, 11/20/2008
AUM* 18,000,501,379 13.15%
of that, discretionary 18,000,501,379 13.15%
Private Fund GAV* 13,335,881,031 -1.44%
Avg Account Size 233,772,745 5.80%
SMA’s Yes
Private Funds 44 5
Contact Info 310 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Pension and profit sharing plans
- State or municipal government entities
- Insurance companies
- Sovereign wealth funds and foreign official institutions
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
19B 16B 14B 11B 8B 5B 3B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count36 GAV$11,407,558,161
Fund TypePrivate Equity Fund Count4 GAV$607,813,411
Fund TypeReal Estate Fund Count1 GAV$64,594,459
Fund TypeSecuritized Asset Fund Count3 GAV$1,255,915,000

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Brochure Summary

Overview

Beach Point Capital Management LP (“Beach Point”) commenced operations on January 1, 2009. Beach Point was founded by, and remains under the control of, its Co-Chief Executive Officers (“CEOs”) / Co- Chairmen, Carl Goldsmith and Scott Klein, through a management buyback of the alternative investment business of Post Advisory Group, LLC (“Post”). Beach Point manages assets within the following strategies: Multi-Asset Credit, High Yield & Senior Loans, Structured Credit, Opportunistic Credit & Distressed, Tactical Investments, Real Estate Credit and Direct Lending which are described more fully in Item 8 below. Beach Point offers investment advisory services to privately-offered limited partnerships, limited liability companies and other investment vehicles (including collateralized loan obligation vehicles (“CLOs”) and private REITs) (the “Funds”) and clients with separately managed accounts (the “Managed Accounts”). Beach Point (or a Beach Point affiliate) serves as the general partner, managing member and/or investment manager of the Funds and as the investment manager of the Managed Accounts. Additionally, Beach Point (or a Beach Point affiliate) acts as collateral manager to securitized asset Funds that are structured as CLOs (each a “Beach Point-Managed CLO”). Beach Point also serves as the investment adviser to Funds with one, or only a limited number of, investors and which are not offered to new investors (“Single Client Funds”). Typically, Single Client Funds are structured as a limited partnership or limited liability company managed by Beach Point as the general partner, managing member and/or investment manager. At times, Funds and Managed Accounts are referred to in this brochure collectively as “Clients” or "accounts." Beach Point generally has discretionary authority to manage the Funds and Managed Accounts, including the authority to determine which investments are bought and sold and the amounts of such investments
that are appropriate for each Client. Any limitation on Beach Point’s authority is described in a Client’s governing documents (e.g., investment management agreement, private placement memorandum, articles of association, or partnership agreement). In connection with Managed Accounts, Clients establish such accounts with Beach Point by depositing funds or securities into accounts maintained by qualified independent custodians and granting Beach Point discretionary investment authority to invest such funds pursuant to each Client's investment objectives and guidelines, as set forth in each Client's investment management agreement and other account documentation, including any written instructions provided by the Client to Beach Point. Funds are managed in accordance with investment objectives and guidelines set forth in the governing documents for each Fund. As of December 31, 2023, Beach Point manages $15.8 billion in assets on a discretionary basis and $0 in assets on a non-discretionary basis. The amount of assets under management reported in this brochure differs from the amount of regulatory assets under management reported in Part 1 of our Form ADV. Part 1 of Form ADV requires an adviser to report assets under management without deducting any outstanding indebtedness or other accrued but unpaid liabilities. Beach Point believes that reporting firm assets under management in our brochure without taking into account any outstanding indebtedness or liabilities may appear to overstate our assets under management. Therefore, in this brochure, Beach Point has decided to take into account certain indebtedness and unpaid liabilities in calculating and reporting our firm assets under management. The result is that the amount of assets under management reported in this brochure is lower than the amount of regulatory assets under management reported in Part 1 of our Form ADV. FORM ADV PART 2A 2024 5