PROPHET CAPITAL ASSET MANAGEMENT LP other names

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Adviser Profile

As of Date:

04/25/2024

Adviser Type:

- Large advisory firm

Number of Employees:

18 12.50%

of those in investment advisory functions:

7 40.00%

Registration:

SEC, Approved, 8/24/2009

AUM:

2,774,916,204 -6.71%

of that, discretionary:

2,774,916,204 -6.71%

GAV:

1,407,761,370 -0.07%

Avg Account Size:

132,138,867 -37.81%

SMA’s:

YES

Private Funds:

9 4

Contact Info

512 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
4B 4B 3B 2B 2B 1B 624M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Prophet Capital Asset Management
02/11/2021

We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.

bisnow.com

Prophet Capital restructures CLO hedge fund amid market rebound
01/16/2021

... has restructured a hedge fund that had been rocked by March's market turmoil, a company executive said on Friday. Reuters reported in March that ...

kfgo.com

Prophet Capital restructures CLO hedge fund amid market rebound
01/16/2021

... has restructured a hedge fund that had been rocked by March's market turmoil, a company executive said on Friday. Reuters reported in March that ...

943jackfm.com

Prophet Capital restructures CLO hedge fund amid market rebound
01/15/2021

investing.com


Private Funds Structure

Fund Type Count GAV
Hedge Fund 7 $816,527,973
Private Equity Fund 2 $591,233,397

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Private Funds



Employees




Brochure Summary

Overview

In 1995, Robert Epstein established Prophet Capital Management, Ltd. (“PCM”) to manage investment portfolios. In 1999, he established a hedge fund, Partners in Prophet, Ltd. (“PIP”), with PCM as its portfolio manager. In 2008, Mr. Epstein (as principal owner) established Prophet Capital Asset Management LP (“PCAM”) and Prophet Capital GP, LLC (“PCGP”) as its general partner. PCAM assumed the role of portfolio manager of PIP in 2008. David Rosenblum was admitted as a limited partner of PCAM in 2009. Kurt Rechner was admitted as a limited partner of PCAM in 2016. PCAM, which is located in Austin, Texas, is a Delaware limited partnership that has been registered as an investment adviser with the SEC since 2009. PCAM primarily manages proprietary hedge funds and closed- ended credit funds. We also offer asset management services to unaffiliated institutional investors. Our investment strategies primarily focus on residential and commercial mortgage-backed securities, CLO debt and equity securities, and other types of asset-backed securities, as well as, agency and non-agency residential mortgage loans, commercial real estate mortgage loans, and other similar types of structured assets. However, the PCAM managed funds provide PCAM discretion to invest in a broad range of assets, including commercial debt and publicly-traded and private equity securities. We also provide
advice regarding commodities, real estate, oil and gas interests, public securities, and private equity where we deem such investments are suitable for our clients. Assets Under Management As of December 31, 2022, we managed approximately $2.9 billion in client assets. Approximately $2.9 billion is managed on a discretionary basis (meaning that we make all of the investment decisions for those clients). Private Fund Clients PCAM manages six (6) proprietary commingled funds (disregarding related “feeder” funds). PIP, Prophet Opportunity Partners LP (“POP”), and Prophet Advantage Partners LP (“PAP”) are hedge funds. Additionally, PCAM manages Prophet Real Estate Opportunities LP (“PREO”), a commercial real estate credit fund, Prophet EBO Master Portfolio LP (“PEBO”), which holds pools of government insured U.S. residential mortgages, and Prophet MSR Opportunities LP (“PMSRO”), which holds pools of mortgage servicing rights related to government insured U.S. residential mortgages. PREO, PEBO, and PMSRO are each structured as a private equity-style fund. At this time, PIP, PREO, PAP and PEBO are no longer being offered and are not accepting additional capital. We can determine to sponsor new proprietary funds, and cease offering or even liquidate existing funds, from time to time in our discretion, subject to the funds’ governing documents.