AMERICAN SECURITIES LLC other names

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Adviser Profile

As of Date:

03/29/2024

Adviser Type:

- Large advisory firm

Number of Employees:

177 10.62%

of those in investment advisory functions:

109 0.93%

Registration:

SEC, Approved, 3/30/2012

AUM:

21,195,777,457 -5.10%

of that, discretionary:

21,195,777,457 -5.10%

GAV:

21,195,777,457 -92.86%

Avg Account Size:

1,177,543,192 31.81%

SMA’s:

NO

Private Funds:

18 7

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
22B 19B 16B 13B 10B 6B 3B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

American Securities to sell 4.04M shares in Blue Bird
02/15/2024

Seeking Alpha

American Securities' Credit Business and Birch Grove Capital merge
07/02/2021

Private equity firm American Securities' opportunistic credit business, ... billion in assets across an opportunistic hedge fund, private credit vehicles, ...

privateequitywire.co.uk

American Securities' Credit Business and Birch Grove Capital merge
07/02/2021

American Securities' Credit Business and Birch Grove Capital merge Submitted 02/07/2021 - 9:40am American Securities' opportunistic credit business, Ascribe Capital, has merged with Birch Grove Capital (BGC), a credit asset management business, to form AS Birch Grove, which now manages approximately USD5 billion in assets across an opportunistic hedge fund, pri...

Hedge Week

AMB :- Ascribe Capital merges with Birch Grove to form a new entity to manage hedge funds and private credit vehicles
07/01/2021

Laxman Pai, Opalesque Asia: U.S. private equity firm American Securities&` credit business Ascribe Capital has merged with Birch Grove Capital (BGC), an alternative credit manager. The combined firm - AS Birch Grove ...Article Link

opalesque.com

American Securities merges unit with Grove Capital to form new entity
07/01/2021

Private equity firm American Securities said Thursday that its opportunistic credit business, Ascribe Capital, has merged with credit asset manager ...

pionline.com

American Securities' Credit Business and Birch Grove Capital Merge to Drive Expansion and ...
07/01/2021

The combined entity reflects American Securities' 27-year private equity track record and deep industry expertise along with BGC's investment track ...

prnewswire.com


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 18 $21,195,777,457

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Private Funds



Employees




Brochure Summary

Overview

American Securities, a New York limited liability company, serves as an investment manager to related private investment vehicles (the “ASP Funds”) organized primarily to make private equity and related investments in businesses in the United States and Canada. The Company seeks to generate long-term capital appreciation for the ASP Funds currently by making investments generally between $250 million and $700 million in companies with EBITDA generally between $75 and $250 million. As of December 31, 2022, the ASP Funds had $22,334,422,179 in aggregate capital commitments and assets managed on a discretionary basis by American Securities.1 The predecessor of the Company was founded as a family office in 1947 by William Rosenwald to invest his share of the Sears, Roebuck & Co. fortune. In 1994, Charles D. Klein and Michael G. Fisch formalized the Company’s private equity investment activities and opened them to outside investors. David L. Horing joined Messrs. Klein and Fisch in early 1995. The principal owner of the Company is Mr. Fisch, either directly or through affiliates. Investment advice is provided directly to each ASP Fund and not individually to the limited partners or investors in the ASP Funds. The Company has discretion to commit ASP Funds to invest in a range of investment instruments consistent with the respective investment programs of each ASP Fund. American Securities provides investment advice regarding private equity and related securities. The Company also provides certain management
consulting and advisory services, including the evaluation, structuring, and negotiation of potential investments, the direction and oversight of the ASP Funds’ portfolio companies (each a “Portfolio Company”) following an acquisition. The terms by which American Securities provides investment advice to the ASP Funds are described in each ASP Fund’s governing documents, which may include a confidential offering memorandum, an investment management agreement, and a limited partnership agreement, among other things. The American Securities has an Advisory Board and an Executive Council, both formed in 2010. The Advisory Board advises the Company on general organizational and strategy matters primarily in order to maintain and enhance the perception, performance and operations of American Securities. The American Securities Executive Council helps American Securities identify and meet attractive acquisition candidates, develop industry and management insights and, when appropriate, assist American Securities in overseeing the Portfolio Companies through potential board of director or consulting roles. American Securities does not manage any assets on a non-discretionary basis or participate in any wrap fee programs. 1 Such amount has been calculated using the same methodology for computing “regulatory assets under management” required for Item 5.F in Part 1A of this Form ADV and includes the current market value of the ASP Funds’ assets and the amount of any uncalled commitments.