PARK AVENUE INSTITUTIONAL ADVISERS LLC
Adviser information for PARK AVENUE INSTITUTIONAL ADVISERS LLC last updated from Form ADV on March 27th, 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 | Delaware, United States |
Employees
| Total Number of Employees | 132 |
|---|---|
| Investment Advisory/Research | 55 |
| Registered Broker-Dealer Representatives | 19 |
| 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 | 40 | $75.8B |
| Non-Discretionary | 0 | $0 |
| Total | 40 | $75.8B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 27 | $6.1B |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 9 | $3.1B |
| 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 | <5 | $66.6B |
| 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 | 23 |
| No. of Financial Planning Clients | 0 |
Services
| Advisory Services | Portfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients |
|---|---|
| Compensation | % of AUMPerformance-based fees |
| Other Business Activities | Commodity pool operator or commodity trading advisor |
Principal Office
10 HUDSON YARDSNEW YORK
NY
United States
Monday - Friday, 8:45 A.M. - 4:30 P.M.
Tel: 212-919-2517, Fax: None
Websites
Chief Compliance Officer
BESSEL, MICHAEL
MANAGING DIRECTOR
10 HUDSON YARDS
NEW YORK
NY
United States
Tel:
212-919-2517
M*************@*******M
(Full email address available in API data)
Regulatory Contact
WONG, EMILY
COMPLIANCE OFFICER
10 HUDSON YARDS
NEW YORK
NY
United States
Tel:
212.919.3302
E*********@*******M
(Full email address available in API data)
Industry Affiliates
| BROADSHORE CAPITAL PARTNERS, LLC | Other investment adviser, including financial planners |
| PARK AVENUE INVESTMENT ADVISORY, LLC | Other investment adviser, including financial planners |
| PARK AVENUE SECURITIES LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial planners |
| THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC. | Insurance company or agency |
| THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | Insurance company or agency |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| PARK AVENUE INSTITUTIONAL ADVISERS CLO LTD 2016-1 | Securitized Asset Fund | $367.2M | $0.3M | 0 |
| PARK AVENUE INSTITUTIONAL ADVISERS CLO LTD 2017-1 | Securitized Asset Fund | $384.2M | $0.3M | 1 |
| PARK AVENUE INSTITUTIONAL ADVISERS CLO LTD 2018-1 | Securitized Asset Fund | $375.9M | $0.3M | 0 |
| PARK AVENUE INSTITUTIONAL ADVISERS CLO LTD 2019-1 | Securitized Asset Fund | $374.6M | $0.3M | 1 |
| PARK AVENUE INSTITUTIONAL ADVISERS CLO LTD 2019-2 | Securitized Asset Fund | $379.8M | $0.3M | 0 |
| PARK AVENUE INSTITUTIONAL ADVISERS CLO LTD 2021-1 | Securitized Asset Fund | $384.1M | $0.3M | 0 |
| PARK AVENUE INSTITUTIONAL ADVISERS CLO LTD 2021-2 | Securitized Asset Fund | $380.9M | $0.3M | 1 |
| PARK AVENUE INSTITUTIONAL ADVISERS CLO LTD 2022-1 | Securitized Asset Fund | $379.5M | $0.3M | 1 |
| PARK AVENUE INSTITUTIONAL ADVISERS CLO LTD 2022-2 | Securitized Asset Fund | $320.2M | $0.3M | 1 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| GUARDIAN INVESTOR SERVICES LLC | Domestic Entity | – | MEMBER | 02/2015 | > 75% |
| WALTER, JOHN, HAROLD | Individual | – | SR. VICE PRESIDENT AND CHIEF FINANCIAL OFFICER | 02/2015 | < 5% |
| BESSEL, MICHAEL, JOSEPH | Individual | – | CHIEF COMPLIANCE OFFICER | 02/2015 | < 5% |
| THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | Domestic Entity | GUARDIAN INVESTOR SERVICES LLC | OWNER | 02/2015 | > 75% |
| ECKER, ROBERTO, CARLOS | Individual | – | LLC MANAGER | 05/2016 | < 5% |
| FLANNIGAN, JOHN, HUNTER | Individual | – | LLC MANAGER | 05/2018 | < 5% |
| O'ROURKE, ROBERT, TREANOR | Individual | – | PRESIDENT | 03/2021 | < 5% |
| LIOLIS, NICHOLAS | Individual | – | CHIEF INVESTMENT OFFICER | 01/2023 | < 5% |
| Liggio, Andrew, Charles | Individual | – | LLC MANAGER | 05/2023 | < 5% |
No. Employees, Historic
RAUM, Historic
No. Clients, Historic
Holdings
From latest 13F, filed August 5th, 2024 for period ending June 30th, 2024
| Name | Class | Value $USD | # Shares | Private Fund |
|---|---|---|---|---|
| INVESCO EXCH TRADED FD TR II | ETF | 10M | 474K | The Guardian Life Insurance Company of America |
| ISHARES TR | ETF | 24M | 265K | The Guardian Life Insurance Company of America |
| SSGA ACTIVE ETF TR | ETF | 7M | 168K | The Guardian Life Insurance Company of America |
| SPDR SER TR | ETF | 2M | 21K | The Guardian Life Insurance Company of America |
| VANGUARD SCOTTSDALE FDS | ETF | 24M | 526K | The Guardian Life Insurance Company of America |