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Serengeti Asset Management Review

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Serengeti Asset Management

Serengeti Asset Management

With more than $1 billion in assets under management (AUM), Serengeti Asset Management is a value-driven investment firm that uses credit and private investment strategies. It focuses on niche complex assets and uses fundamental analysis to meet its goals. The firm primarily manages pooled investment vehicles available to clients on a private placement basis. 

This financial advisor firm specializes in complex financial instruments. It does not provide personal  financial planning. If you’re looking for a financial advisor to help steer your finances,  use SmartAsset’s pro matching tool

Serengeti Asset Management Background

Serenegeti first opened its doors in New York City in July 2007. Today, it’s owned and managed by Joseph A. LaNasa III. LaNasa launched the firm after serving as a partner at Goldman Sachs where he headed the multi-strategy investing business in the special situations group. 

Today, Serengeti operates as a value-driven investment firm that focuses on niche credit opportunities defined by their small size and complexity. 

What Types of Clients Does Serengeti Asset Management Accept?

Serengeti primarily manages pooled investment vehicles on behalf of institutions and private company executives. It also provides investment advice on a non-discretionary basis to institutions, pension plans, high-net-worth individuals and other sophisticated investors.

Serengeti Asset Management Minimum Account Size

The firm doesn’t publish its minimums, but according to its most recent filings with the Securities and Exchange Commission (SEC), minimum investments for its private funds range from $100,000 to $25 million.  

Services Offered by Serengeti Asset Management

Serengeti primarily serves as the manager to pooled investment vehicles that hold securities available to investors on a private basis. In addition, it provides investment advice to managed accounts and serves as a sub-advisor to the assets of other fund managers. 

Serengeti Asset Management Investing Philosophy

Serengeti emphasizes opportunistic credit and private investment strategies. Its credit-facing operations seek to exploit opportunities that exist because of their size, complexity and labor intensiveness. Its private investment strategy aims to exploit smaller-sized opportunities made possible by dislocations or the need for capital. 

The firm can provide advice on private and public securities across the equity and debt markets. These include the following investments: 

  • Equities
  • Bank loans
  • Bonds and other debt instruments
  • Distressed companies
  • Structured finance
  • Private investment opportunities
  • Derivatives
  • Commodities
  • Currency instruments
  • Interest rate instruments
  • Catastrophe bonds and reinsurance opportunities
  • Royalty streams
  • Liquidations
  • Litigation Finance
  • Financing Platform
  • Non-performing assets

Fees Under Serengeti Asset Management

For non-discretionary advisory services, fees vary, based on the scope of the services provided and the investment strategy involved. For discretionary services, management fees are generally charged as a percentage of AUM. That percentage usually ranges from 1% to 2%. Additionally, the firm charges a performance-based fee on both discretionary and non-discretionary accounts, ranging from 10% to 25% of realized and unrealized net profits, subject to a certain level. 

Complete details would be available in each fund’s offering memorandum or client agreement. 

What to Watch Out For

Serengeti typically works with institutional clients and sophisticated investors with large amounts of investable assets. It does not work with small investors and it does not provide financial planning or wealth management services. If you need help with your personal finances, use our five-minute advisor matching tool, which connects you with local advisors who work with individuals who have your asset base. 

Disclosures

As of the time of this writing, the firm had no disciplinary or legal events to disclose to the SEC that may be material to a prospective client’s evaluation of its business. 

Opening an Account With Serengeti Asset Management

To contact Serengeti, send an email to investor.inquiries@serengeti-am.com or call  212-672-2220. 

Where Is Serengeti Asset Management Located?

Serengeti is located at 632 Broadway, 12th Floor, New York, New York 10012.

Tips for Finding the Right Financial Advisor

  • To find advisors in your area, use our SmartAsset advisor matching tool. All you have to do is answer some brief questions about your financial situation and needs. The tool then links you with up to three advisors. It also gives you access to their profiles, so you can evaluate their credentials before making a decision. 
  • Ask advisor candidates about their certifications. They aren’t required to work in the field, so advisors who made the effort to get professional accreditations have extra training - and are typically held to a higher standard. Certified financial planners (CFPs), for example, serve as fiduciaries, which means they are legally required to work in your best interests. For some more pointers, check out our five questions to ask when choosing a financial planner. 

 

All information was accurate as of the writing of this article.

 

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research