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SCS Asset Management
SCS Asset Management, founded by Stephen Sherrill in 1991, blends hedge fund seeding with private credit and real estate from Greenwich, CT.
SCS Asset Management
SCS Asset Management, Inc. is an SEC-registered investment adviser in Lutz, FL. The firm manages approximately $30 million in regulatory assets. It has 2 employees and 2 investment advisers.
General information
Firm type
Asset Manager
Year founded
1991
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Lutz
Corporate office
Greenwich, CT, United States
Principals
Stephen C. Sherrill
Founder, Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at SCS Asset Management?
Stephen C. Sherrill founded the firm in 1991 and continues to serve as Chief Investment Officer. He maintains direct involvement in portfolio construction and manager selection, consistent with the firm's concentrated governance structure. No external investment committee or independent board is publicly known.
Does SCS operate as a single family office or a third-party manager?
SCS started as a family office but evolved into a platform that also seeds external hedge fund managers and invests alongside institutional co-investors. The exact breakdown between proprietary family capital and external partnerships is not publicly disclosed, but the seeding program implies it manages capital beyond strictly family assets.
What strategies does SCS Asset Management pursue?
SCS targets hedge fund seeding (backing emerging managers for fee participation), private credit including structured and distressed opportunities, direct real estate, and secondary interests. The firm does not limit itself to a single asset class and has historically favored situations requiring complex underwriting.
Does SCS participate in fund commitments or only direct deals?
Both. SCS allocates to external hedge funds as a seed investor and limited partner, while also originating direct transactions in real estate and structured credit. The firm also buys secondary interests in private funds, functioning as a liquidity provider in those markets.
What geographies does SCS focus on?
Primary focus is the United States and Western Europe. The firm has also evaluated distressed opportunities in Latin America, though the extent of active deployment in that region is not publicly quantified.
Is SCS Asset Management's AUM publicly reported?
No. The firm has never publicly disclosed assets under management or aggregate capital deployed. It does not appear in regulatory filings as a registered investment advisor with reportable AUM on Form ADV, consistent with a family-office exemption or qualified-purchaser structure.
How is SCS related to Sherrill's earlier career in distressed debt?
Stephen Sherrill's background in distressed investing at firms including Merrill Lynch and Smith Barney in the 1980s shaped the firm's willingness to pursue dislocated, illiquid, and complex opportunities. That DNA persists in the firm's credit and special-situations allocation, distinguishing it from allocators that emerged from long-only wealth management.
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