9AT: PRIMA CAPITAL ADVISORS

PRIMA CAPITAL ADVISORS

other names

PRIMA CAPITAL ADVISORS
PRIMA CAPITAL ADVISORS, LLC
PRIMA CAPITAL ADVISORS LLC

Adviser Profile

Registration status

Terminated

As of Date	06/12/2024
ADV Location	SCARSDALE, NY, United States
Adviser Type - Large advisory firm
Number of Employees	10 11%
of those in investment advisory functions	7

AUM^*	9,530,124,686 19%
of that, discretionary	8,526,125,076 20%
Private Fund GAV^*	0
Avg Account Size	340,361,596 15%
SMA’s	Yes
Private Funds	0 1
Contact Info	914 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- State or municipal government entities
- Insurance companies
- Sovereign wealth funds and foreign official institutions
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Reported AUM

7B 6B 5B 4B 3B 2B 1B

2015 2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

Prima was formed as an independent investment advisor in 2002 and has been registered with the SEC since that year. Prima is 75% owned by a group of private equity funds affiliated with Stone Point Capital LLC (“Stone Point”), which manages funds that invest in companies operating in the financial services industry. The Stone Point entities, mainly Trident VIII, L.P., and Trident VIII Parallel L.P., hold their interest in Prima through a corporation they control named Trident Prima, Inc. (“Trident Prima”). Trident Prima owns approximately 75% of a holding company that owns 100% of Prima (Prima Capital Advisors Holdings, LLC, “Prima Holdings”); the managing directors of Prima (and related persons) own the remaining 25% of the holding company. Prima advises institutional clients and a small number of high-net-worth individuals on real estate debt investments. Specifically, Prima provides investment advice on commercial and multi-family mortgages and loans, commercial mortgage-backed securities (“CMBS”), and bonds/preferred

shares issued by real estate investment trusts (“REITs”). Pending reinvestment or distribution of clients' funds, Prima may invest client funds in short-term securities (including U.S. government securities, money market mutual funds, and bank CDs). Prima’s clients, which include separately managed accounts and a private fund, enter into investment management agreements with Prima that include guidelines as to the types and characteristics of real estate debt investments that they wish to purchase and hold. The investment guidelines of Prima’s private fund, Prima Mortgage Investment Trust, LLC (“PMIT”), are set forth in private placement memoranda provided to potential investors and are part of PMIT’s governing documents. Prima also advises some securitization trusts that hold real estate debt investments. As of December 31, 2022, Prima managed approximately $7.116 billion of clients' assets on a discretionary basis and $883 million on a non-discretionary basis, for a total of approximately $8 billion.