CORTEC GROUP MANAGEMENT SERVICES, LLC
Adviser information for CORTEC GROUP MANAGEMENT SERVICES, LLC last updated from Form ADV on March 26th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | New York, United States |
Employees
| Total Number of Employees | 29 |
|---|---|
| Investment Advisory/Research | 25 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 0 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 11 | $6.9B |
| Non-Discretionary | 0 | $0 |
| Total | 11 | $6.9B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 11 | $6.9B |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
Services
| Advisory Services | Portfolio management for pooled investment vehicles |
|---|---|
| Compensation | % of AUMPerformance-based fees |
Identifiers
| SEC RIA File Number | 801-73692 |
|---|---|
| SEC ERA File Number | 801-73692 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 161429 |
| Legal Entity Identifier | None |
Principal Office
140 EAST 45TH STREET, 43RD FLOORNEW YORK
NY
United States
Monday - Friday, 9 AM - 5 PM
Tel: 212-370-5600, Fax: 212-682-4195
Chief Compliance Officer
MICHAEL NEUBERGER
CFO
140 EAST 45TH STREET, 43RD FLOOR
NEW YORK
NY
United States
Tel:
(212) 916-0165
Fax:
(212) 682-4195
M*********@**************M
(Full email address available in API data)
Regulatory Contact
DAVID LAWRENCE SCHNADIG
MEMBER
140 EAST 45TH STREET, 43RD FLOOR
NEW YORK
NY
United States
Tel:
(212) 916-0171
Fax:
(212) 682-4195
D********@**************M
(Full email address available in API data)
Industry Affiliates
| DAVID L SCHNADIG | Sponsor, GP, manager of pooled investment vehicles |
| JEFFERY A LIPSITZ | Sponsor, GP, manager of pooled investment vehicles |
| JEFFREY R. SHANNON | Sponsor, GP, manager of pooled investment vehicles |
| JONATHAN A. STEIN | Sponsor, GP, manager of pooled investment vehicles |
| MICHAEL E NAJJAR | Sponsor, GP, manager of pooled investment vehicles |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| CORTEC CO-INVESTMENT FUND V, LLC | Private Equity Fund | $0.9M | $0.0M | 10 |
| CORTEC CO-INVESTMENT FUND VI, LLC | Private Equity Fund | $45.3M | $0.0M | 12 |
| CORTEC GROUP FUND V LP | Private Equity Fund | $6.1M | $5.0M | 34 |
| CORTEC GROUP FUND VI-A, L.P. | Private Equity Fund | $500.9M | $5.0M | 24 |
| CORTEC GROUP FUND VI, L.P. | Private Equity Fund | $970.4M | $5.0M | 42 |
| CORTEC GROUP FUND VII-A, L.P. | Private Equity Fund | $876.0M | $5.0M | 40 |
| CORTEC GROUP FUND VII, L.P. | Private Equity Fund | $1,362.7M | $5.0M | 96 |
| CORTEC GROUP FUND VIII LP | Private Equity Fund | $1,644.3M | $10.0M | 111 |
| CORTEC GROUP FUND VIII-A LP | Private Equity Fund | $1,359.4M | $10.0M | 60 |
| CORTEC VII EMPLOYEE CO-INVESTMENT, LLC | Private Equity Fund | $39.0M | $0.0M | 7 |
| CORTEC VIII EMPLOYEE CO-INVESTMENT LLC | Private Equity Fund | $96.3M | $0.0M | 22 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| NEUBERGER, MICHAEL, STEWART | Individual | – | CHIEF FINANCIAL OFFICER; CHIEF COMPLIANCE OFFICER | 04/2015 | < 5% |
| CORTEC GROUP HOLDINGS, L.P. | Foreign Entity | – | OWNER | 12/2018 | > 75% |
| CORTEC GROUP FEEDER LP | Foreign Entity | CORTEC GROUP HOLDINGS, L.P. | OWNER | 12/2018 | > 75% |
| SCHNADIG, DAVID, LAWRENCE | Individual | CORTEC GROUP FEEDER LP | MEMBER / LIMITED PARTNER | 12/2018 | 25-50% |
| LIPSITZ, JEFFREY, ADAM | Individual | CORTEC GROUP FEEDER LP | MEMBER / LIMITED PARTNER | 12/2018 | 25-50% |
| NAJJAR, MICHAEL, EDWARD | Individual | CORTEC GROUP FEEDER LP | MEMBER / LIMITED PARTNER | 12/2018 | |
| CORTEC GROUP GP LLC | Foreign Entity | CORTEC GROUP FEEDER LP | MEMBER / GENERAL PARTNER | 12/2018 | |
| SCHNADIG, DAVID, LAWRENCE | Individual | CORTEC GROUP GP LLC | CO-PRESIDENT | 12/2018 | 25-50% |
| LIPSITZ, JEFFREY, ADAM | Individual | CORTEC GROUP GP LLC | CO-PRESIDENT | 12/2018 | 25-50% |
| NAJJAR, MICHAEL, EDWARD | Individual | CORTEC GROUP GP LLC | ELECTED MANAGER | 12/2018 | |
| STEIN, JONATHAN | Individual | CORTEC GROUP GP LLC | ELECTED MANAGER | 11/2019 | |
| SHANNON, JEFFREY, RYAN | Individual | CORTEC GROUP GP LLC | ELECTED MANAGER | 11/2019 | |
| CORTEC GROUP GP LLC | Foreign Entity | – | MANAGING MEMBER | 12/2018 | < 5% |