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Versa Capital Management Review

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Versa Capital Management

Versa Capital Management

Versa Capital Management is an investment management firm that advises private investment funds. Investors in these funds include individuals, banks, thrift institutions, other investment entities, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, other business entities and, directly or indirectly, principals or other employees of Versa Capital Management and its affiliates. 

The firm doesn’t provide financial planning or wealth management services. If that’s what you’re looking for, use SmartAsset’s financial advisor matching tool. It connects you with up to three advisors in your area based on your answers to questions about your goals. 

Read on to learn more about Versa Capital. 

Versa Capital Management Background

Versa Capital kicked off operations in 2004. Today, it oversees more than $1 billion in assets. It is connected to the following affiliates, or general partners, which are considered registered investment advisors (RIA). 

  • Versa FGP-I, L.P. (Versa I GP)
  • Versa FGP-II, L.P. (Versa II GP)
  • Versa FGP-III, L.P. (Versa III GP)

Versa Capital along with these general partners provide investment advisory services to the following private funds: 

Versa I Funds (Versa Capital Fund, L.P. and Versa Capital Fund Parallel, L.P.) 

Versa II Funds (Versa Capital Fund II, L.P. and Versa Capital Fund II-A, L.P.)

Versa III Funds (Versa Capital Fund III, L.P., Versa Capital Fund III-A, L.P. and Versa Capital Fund III-B, L.P.)

Versa AIV Funds (Versa AIV Investments III, L.P. and Versa AIV Ancillary Investments III, L.P.)

The firm’s general partners may oversee some of these funds and are responsible for all investing decisions. 

What Types of Clients Does Versa Capital Management Accept?

For regulatory reasons, the firm’s clients are technically the private investment funds it advises. As noted earlier, investors in these funds include individuals, banks, thrift institutions, other investment entities, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, other business entities and, directly or indirectly, principals or other employees of Versa Capital Management and its affiliates. 

Versa Capital Management Minimum Account Size

The Versa Funds typically have a minimum investment requirement ranging from $5 million to $10 million for third-party institutional investors. The minimum for third-party individual investors is generally $1 million. The firm may change or waive these requirements at its discretion. 

Services Offered by Versa Capital Management

Versa Capital provides investment management services to private funds. Its affiliates  are involved in this operation and have authority over making investment decisions. In general, the funds invest in non-public companies, though they may invest in public companies to meet varying investment objectives. 

Versa Capital Management Investment Philosophy

Versa Capital’s strategies revolve around investing mostly in companies undergoing financial distress in order to benefit from a turnaround. It aims to meet this objective through several strategies including investing new capital in companies in exchange for new debt or equity securities of structured contractual payments. 

Fees Under Versa Capital Management

The Versa Funds pay the firm a management fee of about 2% of aggregate investor capital commitments. In addition, each general partner receives carried interest allocations that vary by fund.  

What to Watch Out For

As noted earlier, Versa Capital does not offer financial planning or wealth management help. It also doesn’t work with small investors. If you are looking for a firm that provides customized portfolios or other individualized services, this firm is likely not the right fit.

Versa Capital Management Disclosures

Versa Capital did not have any disciplinary events to disclose in its most recent filings with the Securities and Exchange Commission (SEC). For the latest information, read its Form ADV on the SEC website.

Opening an Account With Versa Capital Management

To contact Versa Capital, call (215) 609-3400 or send an email to info@versa.com.

Where Is Versa Capital Management Located?

Versa Capital is located at 2929 Arch Street, Suite 1800, Philadelphia, Pennsylvania 19104-7324.

Tips on Finding a Financial Advisor 

  • Don’t have $1 million to invest? Use SmartAsset’s five-minute matching tool to find a more suitable financial advisor. After you answer a few questions about your financial goals, the tool will connect you with up to three advisors in your area.
  • Ask if the advisor has any certifications. They aren’t required by the SEC, so they represent the extra mile an advisor went - or is willing to go. A certified financial planner (CFP), for example, has a fiduciary duty always to work in the best interests of the client. People who aren’t bound by a fiduciary duty (often advisors who are also brokers) only have to provide suitable advice.

 

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