Provider Profiles
Silvercrest Asset Management Group
| Profile | |
| Business Model§ | Proprietary/non-proprietary |
| Year Entered Into OCIO Business | 2002 |
| No. of Relationship Managers/Salespeople | 5 |
| No. of OCIO Portfolio Managers | 4 |
| OCIO % of Total Firm Revenue | 3% |
| No. of Clients, Full Discretion | 6 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $794mm |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $42mm |
| 401(k), 403(b), Other DC | |
| Endowments/Foundation | $752mm |
| Healthcare Pools (Board designated, funded depreciation) | |
| Other |
| Portfolio Construction |
| Each client portfolio is fully customized to achieve its unique risk, return, mission (ESG), liquidity, cash flow and fee preferences. Clients directly own their investments with no "sleeves" or fund-of-funds required. Silvercrest OCIO portfolios have achieved client objectives in part as a result of being streamlined: stripping out unnecessary complexity, investment line items, illiquidity, opacity and cost. Best-in-class managers selected on behalf of clients tend to be capacity constrained, more concentrated, with lower turnover and less volatility. Sophisticated portfolio risk analytics is employed at the portfolio, manager and securities level to identify the level, location and correlation of identified risk. |
| §OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line. OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines. Implemented consulting: i.e. consulting firm that also has discretion over assigned assets. Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products. |