Phoenix Merchant Partners, Lp
- Regulatory AUM
- $2.1B
- Discretionary
- $1.0B
- Clients
- 7
- Avg AUM / client
- $295M
- Accounts
- 8
- Employees
- 29
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 2 | $752M | 36.4% |
| Other | 5 | $1.3B | 63.6% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $254M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Phoenix Credit Partners Fund (Cayman), Lp | Other Private Fund | Cayman Islands | $153M | 2 |
| Phoenix Credit Partners Fund, Lp | Other Private Fund | Delaware | $101M | 1 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mbanefo, Arthur, Ubaka | Chief Executive Officer, Chief Investment Officer | Nov 2022 (4y) | ≈ 0% – 5% via Phoenix Merchant Master Gp, Llc | |
| Throsby, Timothy, James | Managing Partner, President | Feb 2023 (4y) | 75% or more of Tt 2024 Llc (indirect) | |
| Colorado, Rafael, Antonio | General Counsel, Chief Operating Officer | Feb 2024 (3y) | Less than 5% | |
| Parry, Thomas, Lee | Chief Compliance Officer | May 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Pm 2023 Llc Separate Series A | Limited Partner | May 2024 | A | 75% or more |
| Phoenix Merchant Master Gp, Llc | General Partner | Nov 2022 | A | Less than 5% |
| Tt Holdings Limited Partnership | Member | Jun 2024 | B | ≈ 56.25% – 100% via Pm 2023 Llc Separate Series A |
| Phoenix Mh 2024 Long Term Trust | Limited Partner | Jun 2024 | B | ≈ 42.19% – 100% via Tt Holdings Limited Partnership |
| Tt 2024 Llc | General Partner | Jun 2024 | B | GP / trustee / elected manager of Tt Holdings Limited Partnership (indirect) |
| Iq Eq Trust Company, U.S. | Trustee | Jun 2024 | B | GP / trustee / elected manager of Phoenix Mh 2024 Long Term Trust (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Mbanefo, Arthur, Ubaka: 75% – 100% of Phoenix Merchant Master Gp, Llc × 0% – 5% direct ≈ 0% – 5% of the firm
- Tt Holdings Limited Partnership: 75% – 100% of Pm 2023 Llc Separate Series A × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Phoenix Mh 2024 Long Term Trust: 75% – 100% of Tt Holdings Limited Partnership × 75% – 100% of Pm 2023 Llc Separate Series A × 75% – 100% direct ≈ 42.19% – 100% 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 (2, $254M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Phoenix Credit Partners Fund (Cayman), Lp | Other Private Fund | $153M | $10.0M | 2 |
| Phoenix Credit Partners Fund, Lp | Other Private Fund | $101M | $10.0M | 1 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.49 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Pinnacle Financial Partners $227M (14% of AUM) Jun 2025
- U.S. Bancorp Investments, Inc. $191M (9% of AUM) Mar 2026
- Pinnacle Bank $189M (9% of AUM) Mar 2026
- Morgan Stanley $105M (7% of AUM) Jun 2025
- Comerica Securities,Inc. $48.3M (3% of AUM) Jun 2025
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) ↗