Sound Point Capital Management, LP: Manager Rating and Record

Insurance-dedicated funds managed by Sound Point

Funds and platform series in our database that file a Form D under an insurance-dedicated name and are managed by this adviser. Gross assets are as reported in the latest Form ADV that lists each fund.

Why Sound Point Capital Management, LP has three stars

Sound Point runs USD 37 billion of regulatory assets and has been registered with the SEC since 2011. It reports one matter in its Form ADV, brought by the SEC in 2024. Its one rated insurance-dedicated fund has three stars.

The rating looks only at the areas below, which matter to a family holding this manager's funds through a private placement policy. Past returns play no part: these funds do not report them in their SEC filings, and they say little about what a policy will earn.

Conduct and regulatory record

What regulators and courts have recorded against the manager, and for platform series against the platform, as the advisers report it to the SEC. Several proceedings on one set of facts count as one matter. Recent and serious matters count most, matters of other companies in the group count for less, matters of individuals are weighed by the person's role and their bearing on the business, and the size of the firm is taken into account.

Reported controls

What the adviser reports to the SEC for the fund: whether the accounts are audited every year by an accountant registered with the PCAOB and subject to its regular inspection, whether audited statements go to investors and what the audit opinion says, whether the administrator and custodian are outside the adviser's group, and what share of the assets was valued last year by a person not related to the adviser.

Depth and experience of the manager

The assets the manager runs, its investment staff and how long it has been registered with the SEC.

PPLI.comManager Rating

Investor experience. What policyholders, insurers and advisers tell us is shown separately and never changes the stars. A factual point they raise is checked against the filings, and if it holds, the data is corrected. We never publish names. Tell us about yours

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the fund or its manager, not a credit rating, not a forecast of returns and not investment advice. Read about the rating.

Registration and size

Identity

Legal nameSound Point Capital Management, LP

SEC registrationRegistered investment adviser, 801-72515 IAPD

CRD number157479

Latest Form ADV31 March 2026 ADV

Registered with the SEC since12 July 2011

Assets and staff, as filed

Regulatory assets under managementUSD 36,980,000,000

Of which discretionaryUSD 36,980,000,000

Employees200

Of which investment advisory staff85

Private funds listed in Schedule D52

Regulatory assets are calculated under the SEC's Form ADV instructions and include all funds and accounts the adviser manages, not only those open to insurers. Figures come from the SEC's adviser files of November 2026.

Regulatory and legal record

What the adviser itself discloses in Item 11 of its Form ADV, summarised from the disclosure pages, with a link to the filing. Item 11 is filed for the adviser as a whole, so under each matter the fund it concerns is read from the disclosure itself.

202426 August 2024

Regulatory action by US Securities and Exchange Commission: cease and desist

Fund concerned: none named in the filing. The matter concerns the adviser itself, not a specific fund, and none of the insurance-dedicated funds in this file is named.

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 ...

US Securities and Exchange Commission · Settled 26 August 2024 · USD 1.8 million · Concerns the adviser itself · Form ADV, Item 11 disclosure

These are the matters Sound Point Capital Management, LP reports in Item 11 of its Form ADV, filed 31 March 2026. A reported matter is a fact disclosed by the adviser, not a finding by PPLI.com. None of them concerns the insurance-dedicated funds listed above.

How would you rate Sound Point Capital Management, LP?

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Sound Point Capital Management, LP

Insurance-dedicated funds managed by Sound Point

Why Sound Point Capital Management, LP has three stars

Conduct and regulatory record

Reported controls

Depth and experience of the manager

Registration and size

Identity

Assets and staff, as filed

Regulatory and legal record

Regulatory action by US Securities and Exchange Commission: cease and desist

How would you rate Sound Point Capital Management, LP?

Sources

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