SourcingSourcing

FS/KKR ADVISOR, LLC

C31
CRD 292803·SEC 801-112799·PHILADELPHIA, PA
AUM
$16.10B
$1B+
Est. Revenue
$161.0M
@ 1% on AUM
Est. EBITDA
$48.3M
@ 30% margin
Est. Deal Value
$386.3M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
FS/KKR ADVISOR, LLC
CRD
292803
SEC file #
801-112799
EIN
—
DBA names
—

Economics

AUM
$16.10B
AUM band
$1B+
AUM trajectory
'20'26
$16.66B → $16.10B▼ -3%
Client mix
Business Devel Companies3

Operations

Employees (total)
736
Advisory staff (per ADV)
192
Advisory staff (5-yr trend)
'20'26
142 advisors → 192 advisors▲ +35%
Primary office
PHILADELPHIA PA
Branches
—

Custodian & Brokerage

Primary custodian
E*Tradelow confidence
Services offered
Portfolio mgmt — investment companies
Fee basis
% of AUMPerformance-based feesOther Compensation

Filings

Latest ADV filing
03/31/2026
ADV-W filed at
—
Website
linkedin.com/in/michael-forman(social)

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
ADELMAN, DAVID, JASON
Top Owner Pct
62.5
Top Owner Entity Kind
I
Owner Count
9
Control Persons
ADELMAN, DAVID, JASON
FSJV HOLDCO, LLC
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
No

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
fallback_guess:fskkr.com

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Cik
0001930679
Edgar Registered
Yes
Edgar Filing Count
192
Edgar First Filing Date
2022-11-17
Edgar Last Filing Date
2026-05-21
Edgar Form D Count
8
Edgar Form D Offerings
2025-11-182025-11-18 · 0001104659-25-113641
2025-05-052025-05-05 · 0001104659-25-044572
Edgar Xbrl Assets Latest
Value Usd2,751,089,000
Fiscal Year End2025-12-31

Compliance & brand

Firm Registration Status
active

All other collected signals (12)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
0
Bc Firm Active IA Count
0
Bc Firm IAR Count
0
Custodian Candidates
Full
E*trade4
Edgar Addresses
Mailing
3025 JFK BOULEVARD, OFC 500PHILADELPHIA, PA 19104
Business
3025 JFK BOULEVARD, OFC 500PHILADELPHIA, PA 19104
Edgar EIN
880591692
Edgar Recent Filings
8-K2026-05-21 · 0001104659-26-065107
10-Q2026-05-13 · 0001628280-26-034545
Firm Has Custody
No
Mailing Office Differs
No
Top Owner CRD
5517785
Trust Company Affiliate
Yes

People (8)

8
ADELMAN, DAVID, JASON
Direct Owner · 62.5%
5517785
KKR CREDIT ADVISORS (US) LLC
Direct Owner · 62.5%
146629
BRYANT, MARC, ROBERT
Executive Officer · 2.5%
4516386
DETWILER, ELIZABETH, CAMILLA
Executive Officer · 2.5%
4361137
FORMAN, MICHAEL, CRAIG
Executive Officer · 2.5%
5517777
MCGEEHIN, JOSEPH, DAVID
Executive Officer · 2.5%
5193186
PIETRZAK, DANIEL, RYAN
Executive Officer · 2.5%
4185697
SYPHERD, STEPHEN
Executive Officer · 2.5%
6926662