20 Gates Management LLC

20 Gates Management LLC is a financial advisor firm based in New York, established in September 2010. The firm specializes in offering fee-based advisory services to large financial institutions, asset managers, and institutional investors, focusing on fixed income markets and asset-based lending. They manage approximately US$5.339 billion in regulatory assets under management, with discretionary assets at around $4.042 billion. The firm provides services such as funding solutions, investment management, asset-liability management, and portfolio services. Clients typically commit at least $250 million due to the institutional nature of the services provided. Fees are structured as fixed percentage fees, residual fees, and performance-based fees. The firm employs fundamental and quantitative analysis for investment strategies, primarily in secured lending and short-term credit. Risk factors include credit risk, interest rate risk, liquidity risk, and cybersecurity risk. 20 Gates does not have a disciplinary history and does not accept proxy voting authority for clients. The firm exercises investment discretion for certain clients and provides periodic account reviews and reporting.