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Perini Capital

Updated today

Client assets under management

$137,662,716

Clients

64

78% high-net worth

Advisors

3

of 5 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

21

Low

Average account size

$2,150,980

About

Perini Capital provides discretionary portfolio management to private fund investors and separately managed accounts and also serves as a sub-adviser to other managers, including an SEC-registered interval fund. Its client base therefore includes pooled investment vehicles and investment company clients in addition to individual and high-net-worth investors.

The firm’s investment approach emphasizes fundamental credit and prepayment analysis and pursues concentrated strategies focused on non-investment grade, non‑agency mortgage‑backed and mortgage‑related securities and credit-driven special situations, with the ability to use leverage and both active trading and buy‑and‑hold management. Perini Capital manages side‑by‑side accounts (including private funds and SMAs) and discloses the use of performance‑based compensation and allocation policies to address related conflicts.

Compared with many peers, Perini Capital acts as a fund sponsor/manager through an affiliate (Perini Capital Partners, LLC) and provides sub‑advisory services to a range of pooled vehicles, including the Catalyst/Perini Strategic Income Fund and Puerto Rico‑oriented private sub‑advised funds. The firm also has an affiliate that has claimed an exemption from CFTC commodity pool operator registration and disclosed a prior SEC enforcement order addressing principal trading without client consents.

Client services

Portfolio management

Expertise

Private / alternative investments Concentrated stock management Real estate investing Active portfolio management

Fee options

Performance-based

Incentive Allocation of 20%-25% of realized and unrealized gains for Fund Clients; Incentive Fee of 20% of realized returns (net of unrealized losses) for SMAs.

Other

Account minimum: $1,000,000

Main office location

Perini Capital

910 West Pierce Street, Suite 225

Carlsbad NM 88220, United States

Number of offices

1

Most active in

Arizona · Colorado · Florida · New Mexico · Puerto Rico · Texas

Disclosures

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

Business activities & affiliations

Advisors at this firm

user avatar

Michael C

Series 65

Carlsbad, NM

Perini Capital

Michael Ciklin is a financial advisor with Perini Capital, holding a Series 65 credential and 11 years of industry experience. He has been with Perini Capital since 2014. Perini Capital is an SEC-registered investment adviser managing private pooled funds, separately managed accounts, and serving as sub-adviser to private funds and a registered interval fund. The firm focuses on total-return strategies in non-investment grade and non-agency mortgage-backed securities, credit-driven special situations, and selected equity investments, employing both active trading and buy-and-hold approaches.

Private / alternative investments Concentrated stock management Real estate investing Active portfolio management
user avatar

Michael P

CFA®, Series 63

Carlsbad, NM

Perini Capital

Michael Perini is a CFA® charterholder with 15 years of industry experience. He is currently with Perini Capital, where he has worked since 2011. Perini Capital is an SEC-registered investment adviser managing private pooled funds, separately managed accounts, and serving as sub-adviser to private and registered interval funds. The firm focuses on total-return strategies in non-investment grade, non-agency mortgage-backed securities and credit-driven special situations, employing both active trading and buy-and-hold approaches.

Private / alternative investments Concentrated stock management Real estate investing Active portfolio management
user avatar

Alexander B

Series 65

Houston, TX

Perini Capital

Alexander Borlenghi is a financial advisor at Perini Capital with four years of industry experience. He holds a Series 65 designation and has worked at Perini Capital since 2021. Prior to that, he was employed at The Interfin Companies from 2013 to 2018 and continues to be associated with them. Perini Capital is an SEC-registered investment adviser that manages private pooled funds, separately managed accounts, and serves as sub-adviser to both private sub-advised funds and a registered interval fund. The firm focuses on total-return strategies in non-investment grade and non-agency mortgage-backed securities, credit-driven special situations, and selected equity investments, employing both active trading and buy-and-hold approaches.

Private / alternative investments Concentrated stock management Real estate investing Active portfolio management
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