Sound Point Capital Management, Lp
- Regulatory AUM
- $37.0B
- Discretionary
- $37.0B
- Clients
- 161
- Avg AUM / client
- $230M
- Accounts
- 162
- Employees
- 200
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $0 | — |
| Business development companies | 1 | $602M | 1.63% |
| Pooled investment vehicles (non-investment companies) | 142 | $35.1B | 95.0% |
| Insurance companies | 13 | $947M | 2.56% |
| Corporations and other businesses | 4 | $290M | 0.78% |
Private funds (58)
View all →Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $22.2B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Sound Point Clo Xxi, Ltd. | Securitized Asset Fund | Cayman Islands | $4.8B | 0 |
| Sound Point Clo Xx, Ltd | Securitized Asset Fund | Cayman Islands | $729M | 0 |
| Sound Point Clo Xviii, Ltd | Securitized Asset Fund | Cayman Islands | $658M | 0 |
| Sound Point Clo Xvii, Ltd | Securitized Asset Fund | Cayman Islands | $622M | 0 |
| Sound Point Clo Vi R, Ltd | Securitized Asset Fund | Cayman Islands | $567M | 0 |
| Sound Point Clo Xxiii, Ltd | Securitized Asset Fund | Cayman Islands | $566M | 0 |
| Sound Point Clo V R, Ltd | Securitized Asset Fund | Cayman Islands | $553M | 0 |
| Sound Point Clo Iv R, Ltd | Securitized Asset Fund | Cayman Islands | $533M | 0 |
| Sound Point Clo Xxxi, Ltd | Securitized Asset Fund | Cayman Islands | $522M | 0 |
| Sound Point Strategic Capital Master Fund Ii Dac master | Hedge Fund | Ireland | $517M | 145 |
| Sound Point Clo Xvi, Ltd | Securitized Asset Fund | Cayman Islands | $508M | 0 |
| Sound Point Harbor Master Fund, Lp master | Hedge Fund | Delaware | $507M | 89 |
| Sound Point Clo Xxxii, Ltd | Securitized Asset Fund | Cayman Islands | $497M | 0 |
| Sound Point Clo Xxviii, Ltd | Securitized Asset Fund | Cayman Islands | $493M | 0 |
| Sound Point Clo Xxii, Ltd | Securitized Asset Fund | Cayman Islands | $486M | 0 |
People (11)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Ketchum, Stephen, Jerome | Managing Partner | Sep 2009 (17y) | ≈ 18.75% – 50% via Spc Consolidator Llc | |
| Carey, James, Dawson | Member, Board Of Managers | Nov 2009 (17y) | Less than 5% | |
| Gerlitz, Kevin, Peter | Chief Financial Officer | Apr 2010 (16y) | Less than 5% | |
| Davis, Charles, Arthur | Limited Partner | Oct 2014 (12y) | 5% – 10% | |
| Friedman, Stephen, Nmn | Limited Partner | Oct 2014 (12y) | 5% – 10% | |
| Wermuth, David, Jay | Limited Partner | Oct 2014 (12y) | Less than 5% | |
| Zerbib, Nicolas, David | Limited Partner | Oct 2014 (12y) | Less than 5% | |
| Ruberti, Wendy, Lynne | General Counsel | Feb 2017 (10y) | Less than 5% | |
| Seelaus, Sarah, Zeller | Chief Operating Officer | Sep 2018 (8y) | Less than 5% | |
| Newberry, Thomas, Lane | Chief Credit Officer | Jul 2021 (5y) | Less than 5% | |
| Sayago, Andrea, J.S. | Chief Compliance Officer | Aug 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Spc Consolidator Llc | Limited Partner | Dec 2020 | A | 25% – 50% |
| Assured Guaranty Us Holdings Inc. | Limited Partner | Jul 2023 | A | 25% – 50% |
| Blue Owl Gp Stakes Ii (A) Lp | Limited Partner Of Sound Point Capital Management Lp | Mar 2017 | A | 10% – 25% |
| Spc Partners Gp, Llc | General Partner | Sep 2009 | A | Less than 5% |
| Blue Owl Gp Stakes Ii Offshore Investors Lp | Member | Dec 2013 | B | ≈ 3.75% – 18.75% via Dyal U.S. Ii Llc |
| Blue Owl Capital Carry Lp | Member | May 2021 | B | 75% or more of Blue Owl Gp Stakes Gp Holdings Llc (indirect) |
| Blue Owl Capital Inc. | Managing Member | Nov 2021 | B | 75% or more of Blue Owl Capital Gp Holdings Llc (indirect) |
| Blue Owl Capital Gp Holdings Llc | Managing Member | Nov 2021 | B | 75% or more of Blue Owl Capital Gp Llc (indirect) |
| Assured Guaranty Ltd. | Shareholder | Feb 2004 | B | ≈ 18.75% – 50% via Assured Guaranty Us Holdings Inc. |
| Dyal U.S. Ii Llc | Limited Partner | Dec 2013 | B | ≈ 5% – 18.75% via Blue Owl Gp Stakes Ii (A) Lp |
| Blue Owl Gp Stakes Ii Us Investors Lp | Limited Partner | Sep 2013 | B | ≈ 2.5% – 12.5% via Blue Owl Gp Stakes Ii (A) Lp |
| Nbsh Blue Investments, Llc | Limited Partner | May 2021 | B | 25% – 50% of Blue Owl Capital Carry Lp (indirect) |
| Blue Owl Gp Stakes Ii Gp Llc | General Partner | May 2021 | B | GP / trustee / elected manager of Blue Owl Gp Stakes Ii (A) Lp (indirect) |
| Blue Owl Gp Stakes Gp Holdings Llc | Managing Member | May 2021 | B | GP / trustee / elected manager of Blue Owl Gp Stakes Ii Gp Llc (indirect) |
| Nbsh Acquisition Llc | Managing Member | May 2021 | B | GP / trustee / elected manager of Nbsh Blue Investments, Llc (indirect) |
| Blue Owl Capital Gp Llc | General Partner | May 2021 | B | GP / trustee / elected manager of Blue Owl Capital Carry Lp (indirect) |
Undisclosed: 0% – 30% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Ketchum, Stephen, Jerome: 75% – 100% of Spc Consolidator Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Blue Owl Gp Stakes Ii Offshore Investors Lp: 75% – 100% of Dyal U.S. Ii Llc × 50% – 75% of Blue Owl Gp Stakes Ii (A) Lp × 10% – 25% direct ≈ 3.75% – 18.75% of the firm
- Assured Guaranty Ltd.: 75% – 100% of Assured Guaranty Us Holdings Inc. × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Dyal U.S. Ii Llc: 50% – 75% of Blue Owl Gp Stakes Ii (A) Lp × 10% – 25% direct ≈ 5% – 18.75% of the firm
- Blue Owl Gp Stakes Ii Us Investors Lp: 25% – 50% of Blue Owl Gp Stakes Ii (A) Lp × 10% – 25% direct ≈ 2.5% – 12.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (58, $22.2B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Sound Point Clo Xxi, Ltd. | Securitized Asset Fund | $4.8B | $250K | 0 |
| Sound Point Clo Xx, Ltd | Securitized Asset Fund | $729M | $250K | 0 |
| Sound Point Clo Xviii, Ltd | Securitized Asset Fund | $658M | $250K | 0 |
| Sound Point Clo Xvii, Ltd | Securitized Asset Fund | $622M | $250K | 0 |
| Sound Point Clo Vi R, Ltd | Securitized Asset Fund | $567M | $250K | 0 |
| Sound Point Clo Xxiii, Ltd | Securitized Asset Fund | $566M | $250K | 0 |
| Sound Point Clo V R, Ltd | Securitized Asset Fund | $553M | $250K | 0 |
| Sound Point Clo Iv R, Ltd | Securitized Asset Fund | $533M | $250K | 0 |
| Sound Point Clo Xxxi, Ltd | Securitized Asset Fund | $522M | $250K | 0 |
| Sound Point Strategic Capital Master Fund Ii Dac | Hedge Fund | $517M | $250K | 145 |
| Sound Point Clo Xvi, Ltd | Securitized Asset Fund | $508M | $250K | 0 |
| Sound Point Harbor Master Fund, Lp | Hedge Fund | $507M | $10.0M | 89 |
| Sound Point Clo Xxxii, Ltd | Securitized Asset Fund | $497M | $250K | 0 |
| Sound Point Clo Xxviii, Ltd | Securitized Asset Fund | $493M | $250K | 0 |
| Sound Point Clo Xxii, Ltd | Securitized Asset Fund | $486M | $250K | 0 |
| Sound Point Clo Xxix, Ltd | Securitized Asset Fund | $485M | $250K | 0 |
| Sound Point Clo Vii R, Ltd | Securitized Asset Fund | $483M | $250K | 0 |
| Sound Point Clo Xxvii, Ltd | Securitized Asset Fund | $480M | $250K | 0 |
| Sound Point Clo Xxvi, Ltd | Securitized Asset Fund | $479M | $250K | 0 |
| Sound Point Clo Xxxiii, Ltd | Securitized Asset Fund | $476M | $250K | 0 |
| Sound Point Clo Xxiv, Ltd | Securitized Asset Fund | $471M | $250K | 0 |
| Sound Point Clo Ii, Ltd. | Securitized Asset Fund | $460M | $250K | 0 |
| Sound Point Clo Ix, Ltd | Securitized Asset Fund | $457M | $250K | 0 |
| Sound Point Clo Xix, Ltd | Securitized Asset Fund | $434M | $250K | 0 |
| Sound Point U.S. Direct Lending Fund Ii (Master) Lp | Hedge Fund | $431M | $0 | 17 |
Top 25 of 58 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 13.5 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE SEC ALLEGED THAT, PRIOR TO JULY 2022, REGISTRANT'S WRITTEN POLICIES AND PROCEDURES REGARDING THE PREVENTION OF MISUSE OF POTENTIALLY MATERIAL NON-PUBLIC INFORMATION WERE NOT SUFFICIENTLY IMPLEMENTED AND ENFORCED IN CERTAIN CIRCUMSTANCES WHEN REGISTRANT TRADED THE TRANCHES OF COLLATERALIZED LOAN OBLIGATIONS IT MANAGED. THE SEC NOTED THAT REGISTRANT CONDUCTED COMPLIANCE REVIEWS PRIOR TO TRADES IN TRANCHES OF COLLATERALIZED LOANS AFTER JULY 2019, BUT ALLEGED THAT REGISTRANT HAD NOT ESTABLISHED, MAINTAINED OR ENFORCED WRITTEN POLICIES AND PROCEDURES IN RESPECT OF SUCH REVIEWS PRIOR TO JULY 2022. THE SEC ALSO ALLEGED THAT, PRIOR TO JUNE 2024, REGISTRANT'S WRITTEN POLICIES AND PROCEDURES REGARDING THE PREVENTION OF MISUSE OF POTENTIALLY MATERIAL NON-PUBLIC INFORMATION WERE NOT SUFFICIENTLY IMPLEMENTED AND ENFORCED IN CERTAIN CIRCUMSTANCES WHEN REGISTRANT TRADED THE TRANCHES OF COLLATERALIZED LOAN OBLIGATIONS MANAGED BY THIRD PARTIES. PURSUANT TO AN OFFER OF SETTLEMENT, THE SEC FOUND, AND THE REGISTRANT NEITHER ADMITTED NOR DENIED, THAT THE REGISTRANT VIOLATED SECTIONS 204A AND 206(4) OF THE INVESTMENT ADVISERS ACT OF 1940 AND RULE 206(4)-7 THEREUNDER. Status: Final Sanction Detail: THE ORDER IMPOSES A CIVIL PENALTY OF $1.8 MILLION TO BE PAID WITHIN 10 DAYS OF THE ORDER. Summary: THE SEC ADMINISTRATIVE ORDER IS FINAL. THE CIVIL PENALTY WAS PAID AS OF 8/29/2024.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
- • Other fees
- • EARLY REDEMPTION FEES MAY BE CHARGED BY THE PRIVATE FUNDS
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $841M (2% of AUM) Mar 2026
- Northern Trust $288M (1% of AUM) Mar 2026
- Statestreet Global Operations $266M (1% of AUM) Sep 2020
- Bank Of Ny Mellon $215M (1% of AUM) Sep 2018
- State Street $171M (0% of AUM) Feb 2026
- U.S. Bank $152M (0% of AUM) Feb 2025
- J.P. Morgan $4.8M (0% of AUM) Mar 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗