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Adviser Profile

As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 50 -5.66%
of those in investment advisory functions 11 -8.33%
Registration SEC, Approved, 7/9/2009
AUM* 1,709,437,606 -17.25%
of that, discretionary 1,709,437,606 -17.25%
Private Fund GAV* 3,623,601,154 -37.96%
Avg Account Size 85,471,880 15.85%
SMA’s No
Private Funds 20 6
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
29B 25B 21B 17B 12B 8B 4B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count12 GAV$1,775,827,283
Fund TypePrivate Equity Fund Count6 GAV$1,749,407,849
Fund TypeOther Private Fund Count2 GAV$98,366,022

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Brochure Summary

Overview

York Capital Management Global Advisors, LLC, which does business under the name “York Capital Management” (the “Adviser”), provides administrative services and, either directly or through controlled entities serves as investment adviser to a variety of private investment partnerships and offshore investment funds (each, a “Fund” and, collectively, the “Funds” or the “York Funds”), which are privately placed. These Funds utilize a variety of investment strategies. The Adviser also managed a collateralized loan obligation fund (“CLO”), which completed its liquidation in March 2024. The Adviser, which manages or controls the general partners and investment managers, as applicable, of the Funds is registered with the Securities and Exchange Commission (“SEC”). The mere fact that an adviser is registered with the SEC does not imply any particular level of skill or training. Adviser is affiliated with several other companies that serve as general partners/investment managers and/or administrators (collectively, “York”, the “York Group” or the “Firm”) that are responsible for running the day-to-day operations of the Funds. Adviser also serves as investment adviser to certain other institutional managed accounts and accounts related to its founders and has sole discretion as to the management of the affairs of such accounts and the selection of their investments. (However, certain of the Adviser’s managed accounts have restrictions as to what types of assets they are permitted to own.) Credit Suisse Manager Holdings Limited, an indirect wholly owned subsidiary of Credit Suisse Group AG (“Credit Suisse”), owns a passive, non-controlling, minority equity interest in Adviser. Certain subsidiaries of Credit Suisse provide brokerage services to Adviser on a non-exclusive basis. York operates independently of the Credit Suisse group of companies and is managed by its Partners and other senior management personnel. Throughout this brochure, we disclose a number of conflicts of interest. We encourage clients and potential clients to review our policies and procedures and inquire directly with us about such conflicts. Our policies and procedures are available for review in our offices. In addition, conflicts of interest and specific risks are identified in the offering materials of Funds that we manage. Please request a copy of the relevant fund’s most current offering materials for a description of other conflicts and risks that might exist. The Firm was founded in 1991 by James G. Dinan. The Adviser’s principal owner is James G. Dinan. Mr. Dinan became Non-Executive Chairman of the Firm on January 1, 2022 and held this position through December 31, 2023. Mr. Dinan now spends the majority of his business time on matters related to his family office. The Firm’s Chief Investment Officer and Managing Partner is William Vrattos and, accordingly, Mr. Vrattos overseas the day-to-day investment activities and operation of the Firm. In November 2020, the Firm announced that it had undertaken a strategic review of the Firm’s businesses and would make the following changes: a planned spin out in 2021 of York Capital Management Asia (HK) Advisors Limited into a new, independent firm, in which York will maintain a non-controlling, passive interest; the wind down of the Firm’s European hedge fund
business, including the York European Opportunities Fund and the York European Focus Fund; the Firm’s Multi-Strategy Fund strategy will primarily manage internal capital; and the Firm will focus its business on longer duration assets, including Private Equity and Private Debt going forward. In furtherance of this strategic review, on April 22, 2021, the Firm and Kennedy Lewis Investment Management (“Kennedy Lewis”), announced a strategic partnership to form a new entity to be called Generate Advisors, LLC (“Generate Advisors”). This strategic partnership began on July 15, 2021. Under the partnership agreement, York’s approximately $4 billion CLO business (other than York CLO-1 Ltd) and team, led by Rizwan Akhter, has transitioned to Generate Advisors and continue to manage the current CLO portfolio as well as any future CLOs issued by Generate Advisors. York CLO Managed Holdings, LLC, Rizwan Akhter in his capacity as an employee of York CLO Managed Holdings, LLC, and certain members of the CLO team continued to manage York CLO-1 Ltd. on behalf of the Firm through its liquidation in March 2024. Generate Advisors is a relying adviser of Kennedy Lewis. Kennedy Lewis will be investing in Generate Advisors and has committed at least $200 million of capital to be invested in the equity of Generate Advisors’ future CLOs. On December 1, 2021, York completed the successful spin out of York Capital Management Asia (HK) Advisors Limited into a new, independent firm, MY.Alpha Management HK Advisors Limited (“MY.Alpha”), in which York maintains a non-controlling, passive revenue interest. Pursuant to the spin out, York’s approximately $3 billion Asia hedge fund business and team, led by Masa Yamaguchi, has transitioned to MY.Alpha. On February 1, 2022, York completed the successful spin out of its Global Credit Income business into a new, independent entity, Axebrook Capital LLP (“Axebrook”), in which certain seed investors affiliated with York have a non-controlling, passive revenue interest. Pursuant to the spin out, York’s approximately $100 million global liquid credit business and team, led by Jack Land, has transitioned to Axebrook. On March 1, 2022, York completed the successful spin out of its private distressed credit business based in London into a new, independent firm, Fidera Vecta Limited (“Fidera Vecta”), in which York maintains a non-controlling, passive revenue interest. Pursuant to the spin out, York’s approximately $3 billion London-based private distressed credit fund business and team, led by Akbar Rafiq, has transitioned to Fidera Vecta. Fidera Vecta is providing certain sub-advisory services to the Firm in connection with investments that the London-based private distressed credit team oversaw prior to the spin out. In addition, the Firm is providing certain sub-advisory and advisory services to Fidera Vecta and funds managed by Fidera Vecta, including in connection with certain investments held both by one or more York Funds and one or more funds managed by Fidera Vecta which were not overseen by the London-based private distressed credit team prior to the spin out. As of March 1, 2024, the Adviser managed approximately $2,790,000,000 in net assets. The regulatory AUM for the Adviser as of December 31, 2023 was approximately $1,709,437,606. All of these assets are managed on a discretionary basis.