Connelly Capital Management LLC logo

Connelly Capital Management LLC

Updated today

Total assets under management

$1,054,080,727

Total clients

0

Total advisors

5

of 2 employees

Firm size

Investment Manager

May not manage individual clients

Average clients per advisor

0

Average account size

About

Connelly Capital Management provides investment advisory and portfolio management exclusively to pooled investment vehicles organized as series limited liability companies; it does not offer advisory services to individual retail clients. The firm tailors its services to each fund or series under separate investment agreements and delivers reporting and governance consistent with those documents.

The firm manages roughly $1.05 billion across multiple series and focuses primarily on equity and debt investments in privately held Puerto Rico companies structured to comply with Puerto Rico’s Incentives Code, seeking capital appreciation, income, or a combination of both. Investment authority varies by series; notably, a substantial portion of the firm’s assets are managed on a non-discretionary basis in accordance with each series’ offering documents, which is uncommon for managers that serve pooled vehicles.

Distinctive features include the use of Puerto Rico series LLCs and reliance on the Incentives Code, which shapes target investments and creates specific tax-based compensation arrangements and approval requirements that can affect fund operations. The firm also has an ownership affiliation with a broker-dealer awaiting regulatory approval and principals maintain active business and advisory roles outside the adviser, arrangements that create potential conflicts of interest and warrant consideration by prospective investors.

Client services

Portfolio management

Expertise

Private / alternative investments Business Financial Management

Fee options

Percentage

N/A - N/A: 1.00% to 1.50% annually (Management Fee) N/A - N/A: 1.00% to 3.00% one-time (Structuring Fee) N/A - N/A: $25,000 one-time (Organization Fee)

Performance-based

Incentive/performance-based fees ranging from 10% to 15% of tax savings generated by Series and/or carried interest based on profits as described in governing documents.

Main office location

Connelly Capital Management LLC

2 Tabonuco Street, Gam Tower, Suite 401

Guaynabo PR 00968, United States

Number of offices

1

Most active in

Puerto Rico

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

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