Ranger Alternative Management Ii, LP (Dallas)

Name: Ranger Alternative Management Ii, LP
Address: 2828 N. Harwood Street, Dallas, TX, 75201
Telephone: 214-871-5200

Ranger Alternative Management Ii, LP is a large advisory firm based in Dallas. It manages $258.66 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Texas.

Ranger Alternative Management Ii provides portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ranger Alternative Management Ii: assets under management

The assets under management (AUM) of Ranger Alternative Management Ii, LP is $258.66 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3462% since the beginning of its operation, and $193.99 million of the total AUM is attributable to clients outside of the United States.

The firm manages $258.66 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $86.22 million each.

Ranger Alternative Management Ii has custody of $17.7 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ranger Alternative Management Ii, LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ranger Alternative Management Ii serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Ranger Alternative Management Ii is investment companies with 1 clients and $229.5 million of assets under management. Among the 11 most similar advisory firms, Ranger Alternative Management Ii has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $258.66 million for 3 clients. 64% of the firm’s clients are foreign persons or businesses.

Ranger Alternative Management Ii also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Ranger Alternative Management Ii, LP

The company employs 17 people that are either part- or full-time employees. 18 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Ranger Capital Group Holdings	Limited partner	1 Sep 2013	50% - 75%	02-0660964
Llc Ranger Alternative Management (Gp)	General partner	1 Sep 2013	Other	26-0633347
Iii Joseph Whitaker Thompson	Coo/cfo	1 Sep 2013	Other	1524840
Nimrod James Hacker	General counsel	1 Sep 2013	Other	2710190
Thomas Eads Burson	Chief compliance officer	1 Sep 2013	Other	1401266
Garrett P Melara	Portfolio manager	1 Sep 2013	25% - 50%	6257724
William J Kassul	Director of marketing	1 Sep 2013	Other	6257725
Wesley Joseph Mckinght	Co-portfolio manager	1 May 2015	Other	6581642

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.L.C. Ranger Capital Group	General partner	1 Dec 2002	Other	48-1264945
Jason Christopher Elliott	Limited partner	1 Jan 2005	25% - 50%	4471190
Kenneth Scott Canon	Limited partner	1 Jan 2005	25% - 50%	1777291
L.P. Ranger Capital Group Holdings	Manager	1 Jul 2007	75% - 100%	26-0633347

Based in Dallas

The principal office where Ranger Alternative Management Ii, LP performs its advisory services is located at 2828 N. Harwood Street, Dallas, TX 75201, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-871-5200 or by fax 214-871-5201. The normal business hours are 8:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at rangerspecialtyincome.com.