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Please provide a brief overview of your organization & its history, including details regarding the ownership structure of the firm, any joint ventures and/or affiliations. Please include any material direct or indirect interest from persons outside of the firm or another entity. Final ResponseMiracle Asset Management (MAM) is an American alternative investment management company based in New York City. In 2019, MAM converted from a publicly traded partnership into a C-type corporation.
MAM's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. As of 2020, the company's total assets under management were approximately US$619 billion.
MAM was founded in 1985 as a mergers and acquisitions firm by Peter Pete and Stephen Steve, who had previously worked together at a bulge bracket bank.
As the business grew, Japanese bank Nikko Securities acquired a 20% interest in MAM for a $100 million investment in 1988 (valuing the firm at $500 million). MAM's investment allowed for a major expansion of the firm and its investment activities. The growth firm also recruited politician and investment bankerDave StockofromSalomon Brothersin 1988. Stockman led many key deals in his time at the firm, but had a mixed record with his investments.175 wordsDo your firm and employees invest in your own strategies? ConditionalFinal ResponsePlease provide the average number of years clients have been with your company. Final ResponsePlease list the number of clients (not accounts) that were lost/gained during the last twelve months highlighting the reasons for their departure and services being offered. ClientDate of DepartureReason for DepartureServices being OfferedInsert Rows Please provide a copy of your most recent registration statement on Form ADV Part 1A, 2A Disclosure Brochure, and Form CRS. Attach a file
On August 26, 2016, the Securities and Exchange Commission (“SEC”) amended Form ADV Part 1 adding a section for Separate Managed Accounts reporting. To comply with this regulation, please complete the table below. Most recent (%)30-Jun (%)(i) Exchange-Traded Equity Securities (ii) Non Exchange-Traded Equity Securities (iii) U.S. government/Agency Bonds (iv) U.S. State and Local Bonds (v) Sovereign Bonds (vi) Investment Grade Corporate Bonds (vii) Non-Investment Grade Corporate Bonds (viii) Derivatives (ix) Securities Issued by registered Investment Companies or Business Development Companies (x) Securities Issued by Pooled Investment Vehicles (other than Registered Investment Companies or Business Development Companies) (xi) Cash and Cash Equivalents (xii) Other Please provide the total number of employees in the firm. Final Response