SourcingSourcing

FS SPECIALTY LENDING ADVISOR, LLC

C28
CRD 293054·SEC 801-112812·PHILADELPHIA, PA
AUM
$1.93B
$1B+
Est. Revenue
$19.3M
@ 1% on AUM
Est. EBITDA
$5.8M
@ 30% margin
Est. Deal Value
$46.4M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
FS SPECIALTY LENDING ADVISOR, LLC
CRD
293054
SEC file #
801-112812
EIN
—
DBA names
—

Economics

AUM
$1.93B
AUM band
$1B+
AUM trajectory
'20'26
$3.89B → $1.93B▼ -50%
Client mix
Investment Companies1

Operations

Employees (total)
177
Advisory staff (per ADV)
30
Advisory staff (5-yr trend)
'20'26
26 advisors → 30 advisors▲ +15%
Primary office
PHILADELPHIA PA
Branches
—

Custodian & Brokerage

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

Filings

Latest ADV filing
03/30/2026
ADV-W filed at
—
Website
fscreit.com

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
FS INVESTMENT ADVISOR, LLC
Top Owner Pct
87.5
Top Owner Entity Kind
DE
Owner Count
7
Control Persons
FS INVESTMENT ADVISOR, LLC
ADELMAN, DAVID, JASON
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
Yes

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
ok
Rdap Domain
FSCREIT.COM
Rdap Domain Creation Date
2017-02-15T15:48:57Z
Rdap Firm Age Years
9
Rdap Firm Age Band
5-10y
Rdap Registrar
GoDaddy Corporate Domains, LLC

Retirement-plan book (Form 5500) ★

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

Retirement Plan Book
No

SEC EDGAR

Edgar Registered
No

Compliance & brand

Firm Registration Status
active

All other collected signals (14)

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
Firm Has Custody
No
Mailing Office Differs
No
Rdap Domain Expiration Date
2029-02-16T15:48:57Z
Rdap Domain Last Changed
2026-02-26T15:59:04Z
Rdap Nameservers
Janet.ns.cloudflare.comTony.ns.cloudflare.com
Rdap Secure Dns Enabled
No
Rdap Status
Client Transfer Prohibited
Top Owner CRD
156801
Trust Company Affiliate
Yes

People (7)

7
FS INVESTMENT ADVISOR, LLC
Direct Owner · 87.5%
156801
ADELMAN, DAVID, JASON
Direct Owner · 62.5%
5517785
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
SYPHERD, STEPHEN
Executive Officer · 2.5%
6926662