Data / Investment advisers / Serving business development companies

Investment advisers serving business development companies: 134 firms and $576 billion in AUM

Name: Investment advisers serving business development companies: Form ADV data
Creator: SpecStream
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134 SEC registered investment advisers report business development companies among their clients in Form ADV item 5.D, and together they attribute $576 billion of their assets under management to them, in the SEC's file of November 2, 2026. The adviser with the most is Blackstone Credit BDC Advisors LLC.

SpecStream is the live web data engine for teams and agents. It reads the SEC's Form ADV files every month, and this page is that reading, keyed on the CRD number. Ask for the advisers you track by state, city, size, client type or private funds, and new registrations and filings arrive in your sheet, CRM, Slack or agent as the SEC publishes them.

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134Advisers
$576 billionAUM from this client type
130Advisers over $100 million
November 2, 2026File date

Advisers serving business development companies

Ranked by the AUM the adviser attributes to this client type. Each row links to the firm page where it has one, and to its SEC record.

Adviser	City	State	Clients of this type	AUM from this type	Total AUM	Source
Blackstone Credit BDC Advisors LLC	New York	NY	2	$100.65 billion	$100.65 billion	adviserinfo.sec.gov
Blue Owl Credit Advisors LLC	New York	NY	3	$55.85 billion	$64.86 billion	adviserinfo.sec.gov
Ares Capital Management LLC	Los Angeles	CA	2	$53.94 billion	$97.62 billion	adviserinfo.sec.gov
Apollo Credit Management, LLC	New York	NY	4	$29.16 billion	$29.97 billion	adviserinfo.sec.gov
Goldman Sachs Asset Management, L.P.	New York	NY	11	$29.07 billion	$2.65 trillion	adviserinfo.sec.gov
HPS Advisors, LLC	New York	NY	2	$28.55 billion	$28.55 billion	adviserinfo.sec.gov
GC Advisors LLC	Chicago	IL	19	$27.50 billion	$177.85 billion	adviserinfo.sec.gov
Fs/Kkr Advisor, LLC	Philadelphia	PA	3	$16.10 billion	$16.10 billion	adviserinfo.sec.gov
MS Capital Partners Adviser Inc.	New York	NY	6	$15.48 billion	$38.76 billion	adviserinfo.sec.gov
Blue Owl Technology Credit Advisors LLC	New York	NY	1	$14.72 billion	$16.10 billion	adviserinfo.sec.gov
Oaktree Fund Advisors, LLC	Los Angeles	CA	3	$12.37 billion	$14.10 billion	adviserinfo.sec.gov
New Mountain Finance Advisers, L.L.C.	New York	NY	5	$9.16 billion	$11.23 billion	adviserinfo.sec.gov
Sixth Street Lending Partners Advisers, LLC	Dallas	TX	1	$8.69 billion	$8.69 billion	adviserinfo.sec.gov
Barings LLC	Charlotte	NC	4	$8.22 billion	$392.75 billion	adviserinfo.sec.gov
BDT & MSD BDC Management, LLC	New York	NY	1	$7.18 billion	$7.18 billion	adviserinfo.sec.gov
Monroe Capital BDC Advisors, LLC	Chicago	IL	3	$6.71 billion	$6.71 billion	adviserinfo.sec.gov
Prospect Capital Management L.P.	West Palm Beach	FL	2	$6.62 billion	$6.64 billion	adviserinfo.sec.gov
Blue Owl Technology Credit Advisors II LLC	New York	NY	1	$6.50 billion	$6.95 billion	adviserinfo.sec.gov
Antares Capital Credit Advisers LLC	Chicago	IL	3	$6.17 billion	$6.17 billion	adviserinfo.sec.gov
Carlyle Global Credit Investment Management L.L.C.	New York	NY	2	$5.60 billion	$68.38 billion	adviserinfo.sec.gov
Churchill Asset Management LLC	New York	NY	3	$5.11 billion	$55.66 billion	adviserinfo.sec.gov
Agtb Fund Manager, LLC	New York	NY	1	$4.51 billion	$4.51 billion	adviserinfo.sec.gov
Franklin BSP Capital Adviser LLC	New York	NY	1	$4.25 billion	$4.25 billion	adviserinfo.sec.gov
Pennantpark Investment Advisers, LLC	Miami Beach	FL	2	$4.01 billion	$6.16 billion	adviserinfo.sec.gov
Oha Private Credit Advisors LLC	New York	NY	1	$3.58 billion	$3.58 billion	adviserinfo.sec.gov
Ares Capital Management II LLC	Los Angeles	CA	1	$3.46 billion	$19.64 billion	adviserinfo.sec.gov
Diameter Principal Finance LLC	New York	NY	1	$3.45 billion	$3.45 billion	adviserinfo.sec.gov
Sixth Street Specialty Lending Advisers, LLC	Dallas	TX	1	$3.42 billion	$3.42 billion	adviserinfo.sec.gov
SLR Capital Partners, LLC	New York	NY	4	$3.41 billion	$9.42 billion	adviserinfo.sec.gov
Apollo Investment Management, L.P.	New York	NY	1	$3.32 billion	$3.32 billion	adviserinfo.sec.gov
Jefferies Credit Management LLC	New York	NY	2	$3.23 billion	$3.82 billion	adviserinfo.sec.gov
Stone Point Credit Adviser LLC	Greenwich	CT	1	$3.21 billion	$11.13 billion	adviserinfo.sec.gov
TCW Asset Management Company LLC	Los Angeles	CA	5	$3.19 billion	$81.18 billion	adviserinfo.sec.gov
Fidelity Diversifying Solutions LLC	Boston	MA	2	$3.14 billion	$18.88 billion	adviserinfo.sec.gov
Overland Advisors, LLC	New York	NY	1	$3.03 billion	$3.03 billion	adviserinfo.sec.gov
Blackrock Capital Investment Advisors, LLC	Wilmington	DE	2	$2.78 billion	$66.93 billion	adviserinfo.sec.gov
26north Direct Lending	New York	NY	1	$2.65 billion	$2.65 billion	adviserinfo.sec.gov
BCSF Advisors, LP	Boston	MA	1	$2.44 billion	$3.65 billion	adviserinfo.sec.gov
Gladstone Management Corporation	McLean	VA	2	$2.34 billion	$4.77 billion	adviserinfo.sec.gov
Ka Credit Advisors, LLC	Houston	TX	1	$2.29 billion	$2.29 billion	adviserinfo.sec.gov
Churchill Pcif Advisor LLC	New York	NY	1	$2.23 billion	$2.23 billion	adviserinfo.sec.gov
Stepstone Group Private Debt LLC	LA Jolla	CA	1	$2.09 billion	$5.79 billion	adviserinfo.sec.gov
Churchill DLC Advisor LLC	New York	NY	1	$2.05 billion	$2.05 billion	adviserinfo.sec.gov
Saratoga Investment Advisors, LLC	New York	NY	1	$1.89 billion	$1.90 billion	adviserinfo.sec.gov
Saratoga Management Company LLC	New York	NY	1	$1.89 billion	$1.90 billion	adviserinfo.sec.gov
Cion Investment Management, LLC	New York	NY	1	$1.81 billion	$1.81 billion	adviserinfo.sec.gov
Crescent Cap Advisors, LLC	Los Angeles	CA	1	$1.81 billion	$1.81 billion	adviserinfo.sec.gov
AB Private Credit Investors LLC	Austin	TX	2	$1.80 billion	$11.36 billion	adviserinfo.sec.gov
Vista Credit BDC Management, L.P.	New York	NY	1	$1.77 billion	$1.77 billion	adviserinfo.sec.gov
BCPC Advisors, LP	Boston	MA	1	$1.74 billion	$1.74 billion	adviserinfo.sec.gov
Blackstone Real Estate Special Situations Advisors L.L.C.	New York	NY	1	$1.58 billion	$69.98 billion	adviserinfo.sec.gov
Tennenbaum Capital Partners, LLC	Santa Monica	CA	1	$1.53 billion	$3.16 billion	adviserinfo.sec.gov
FPLF Management LLC	New York	NY	1	$1.49 billion	$1.49 billion	adviserinfo.sec.gov
Main Street Capital Partners	Houston	TX	1	$1.38 billion	$1.73 billion	adviserinfo.sec.gov
Fidus Investment Advisors, LLC	Evanston	IL	1	$1.32 billion	$1.44 billion	adviserinfo.sec.gov
Silver Point Specialty Credit Fund Management, LLC	Greenwich	CT	1	$1.26 billion	$1.26 billion	adviserinfo.sec.gov
Lord Abbett Private Credit Advisor LLC	Jersey City	NJ	2	$1.24 billion	$1.28 billion	adviserinfo.sec.gov
Triplepoint Advisers LLC	Menlo Park	CA	2	$1.24 billion	$1.31 billion	adviserinfo.sec.gov
Palmer Square BDC Advisor LLC	Mission Woods	KS	1	$1.22 billion	$1.22 billion	adviserinfo.sec.gov
Stone Point Credit Income Adviser LLC	Greenwich	CT	2	$1.19 billion	$1.19 billion	adviserinfo.sec.gov
Audax PDB Management Company, LLC	New York	NY	1	$1.17 billion	$1.17 billion	adviserinfo.sec.gov
Kennedy Lewis Capital Holdings LLC	New York	NY	1	$1.16 billion	$1.16 billion	adviserinfo.sec.gov
Crescent Cap NT Advisors, LLC	Los Angeles	CA	1	$1.11 billion	$1.11 billion	adviserinfo.sec.gov
Willow Tree Capital Corp Advisors LLC	New York	NY	1	$1.04 billion	$1.17 billion	adviserinfo.sec.gov
Stellus Capital Management, LLC	Houston	TX	1	$1.04 billion	$3.51 billion	adviserinfo.sec.gov
LS BDC Adviser, LLC	Miami	FL	1	$1.02 billion	$1.04 billion	adviserinfo.sec.gov
Crescent Capital Group LP	Los Angeles	CA	1	$1.01 billion	$49.71 billion	adviserinfo.sec.gov
Comvest Credit Managers, LLC	West Palm Beach	FL	1	$956.8 million	$956.8 million	adviserinfo.sec.gov
VCC Advisors, LLC	New York	NY	1	$956.8 million	$956.8 million	adviserinfo.sec.gov
Runway Growth Capital LLC	Chicago	IL	1	$945.6 million	$1.03 billion	adviserinfo.sec.gov
Brightwood Capital Advisors, LLC	New York	NY	1	$836.5 million	$6.19 billion	adviserinfo.sec.gov
Commonwealth Credit Advisors, LLC	West Palm Beach	FL	1	$819.3 million	$1.73 billion	adviserinfo.sec.gov
Horizon Technology Finance	Farmington	CT	1	$811.1 million	$811.1 million	adviserinfo.sec.gov
TCW PT Management Company LLC	Los Angeles	CA	1	$668.4 million	$2.70 billion	adviserinfo.sec.gov
PNC Steel City Advisors, LLC	Pittsburgh	PA	1	$668.4 million	$2.72 billion	adviserinfo.sec.gov
First Eagle Alternative Credit, LLC	Boston	MA	1	$651.8 million	$12.56 billion	adviserinfo.sec.gov
First Eagle Investment Management, LLC	New York	NY	1	$651.8 million	$136.48 billion	adviserinfo.sec.gov
H.I.G. Whitehorse Advisers, LLC	Miami	FL	1	$615.1 million	$615.1 million	adviserinfo.sec.gov
Sound Point Capital Management, LP	New York	NY	1	$601.8 million	$36.98 billion	adviserinfo.sec.gov
5clp Advisor	New York	NY	1	$601.8 million	$601.8 million	adviserinfo.sec.gov
Western Technology Investment (Wti)	Portola Valley	CA	3	$568.5 million	$2.02 billion	adviserinfo.sec.gov
Baring International Investment LTD	London	United Kingdom	3	$553.8 million	$22.57 billion	adviserinfo.sec.gov
Crestline Management, L.P.	Fort Worth	TX	1	$549.6 million	$22.51 billion	adviserinfo.sec.gov
Oha Private Credit Advisors II, L.P.	New York	NY	2	$539.3 million	$805.2 million	adviserinfo.sec.gov
Sierra Crest Investment Management LLC	New York	NY	1	$523.6 million	$781.1 million	adviserinfo.sec.gov
Andalusian Credit Partners, LLC	New York	NY	1	$509.6 million	$541.3 million	adviserinfo.sec.gov
Stellus Private BDC Advisor, LLC	Houston	TX	1	$472.8 million	$472.8 million	adviserinfo.sec.gov
Neostellar Advisors LLC	New York	NY	1	$433.3 million	$433.3 million	adviserinfo.sec.gov
Audax Private Debt	New York	NY	1	$422.9 million	$25.69 billion	adviserinfo.sec.gov
Onex Credit Advisor, LLC	Englewood Cliffs	NJ	1	$417.8 million	$417.8 million	adviserinfo.sec.gov
Ka Credit Advisors II, LLC	Houston	TX	1	$395.2 million	$395.2 million	adviserinfo.sec.gov
Pgim Investments LLC	Newark	NJ	1	$393.8 million	$344.84 billion	adviserinfo.sec.gov
Star Mountain Fund Management, LLC	New York	NY	1	$387.1 million	$4.18 billion	adviserinfo.sec.gov
Ofs Capital Management, LLC	Chicago	IL	2	$377.1 million	$1.76 billion	adviserinfo.sec.gov
DWS Investment Management Americas, Inc.	New York	NY	1	$372 million	$199.66 billion	adviserinfo.sec.gov
Silver Point Private Credit Fund Management, LLC	Greenwich	CT	1	$358.6 million	$358.6 million	adviserinfo.sec.gov
Chicago Atlantic BDC Advisers, LLC	New York	NY	1	$342 million	$342 million	adviserinfo.sec.gov
Great Elm Capital Management, LLC	Palm Beach Gardens	FL	1	$332.9 million	$346.1 million	adviserinfo.sec.gov
Oxford Square Management, LLC	Greenwich	CT	1	$306.7 million	$306.7 million	adviserinfo.sec.gov
Afc Management, LLC	West Palm Beach	FL	1	$275.8 million	$275.8 million	adviserinfo.sec.gov
Partners Group (USA) Inc.	New York	NY	1	$274.8 million	$29.12 billion	adviserinfo.sec.gov
Remora Capital Partners	Nashville	TN	1	$268.6 million	$268.6 million	adviserinfo.sec.gov
CM Investment Partners, LLC	New York	NY	2	$235.9 million	$444.2 million	adviserinfo.sec.gov
Muzinich BDC Adviser, LLC	New York	NY	1	$220.9 million	$220.9 million	adviserinfo.sec.gov
BC Partners Advisors L.P.	New York	NY	1	$203.6 million	$6.69 billion	adviserinfo.sec.gov
Lago Asset Management	Chicago	IL	1	$190.9 million	$604.9 million	adviserinfo.sec.gov
Edgeworth Capital Pty LTD	Bondi Junction, New South Wales	Australia	2	$171.8 million	$330.9 million	adviserinfo.sec.gov
Manulife Investment Management Private Markets (US) LLC	Boston	MA	1	$171.1 million	$48.31 billion	adviserinfo.sec.gov
Bip Capital	Atlanta	GA	1	$163.9 million	$1.29 billion	adviserinfo.sec.gov
Pennantpark Private Income Fund Advisers LLC	Miami Beach	FL	1	$138.8 million	$138.8 million	adviserinfo.sec.gov
Trinity Capital Adviser LLC	Phoenix	AZ	1	$126.7 million	$157.6 million	adviserinfo.sec.gov
Eagle Point Credit Management LLC	Greenwich	CT	1	$126.3 million	$13.24 billion	adviserinfo.sec.gov
Steele Creek Investment Management LLC	Charlotte	NC	1	$125.8 million	$1.74 billion	adviserinfo.sec.gov
Muzinich Direct Lending Adviser, LLC	New York	NY	1	$98 million	$98 million	adviserinfo.sec.gov
Capital Q Management LLC	Maitland	FL	1	$75.4 million	$93.4 million	adviserinfo.sec.gov
Rand Capital Management	Buffalo	NY	1	$53.2 million	$136.7 million	adviserinfo.sec.gov
Nexpoint Advisors, L.P.	Dallas	TX	1	$38.6 million	$131.2 million	adviserinfo.sec.gov
Robinhood Ventures	Menlo Park	CA	1	$25.5 million	$717.4 million	adviserinfo.sec.gov
Sage Private Wealth Group, LLC	Oakbrook Terrace	IL	1	$11.4 million	$440.8 million	adviserinfo.sec.gov
Global Wealth Strategies and Associates, LLC	Denver	CO	4	$3.9 million	$457 million	adviserinfo.sec.gov
Usi Advisors	Glastonbury	CT	2	$2.3 million	$56.28 billion	adviserinfo.sec.gov
Saul Wealth Advisors, LLC	Miami	FL	3	$495,589	$201.5 million	adviserinfo.sec.gov
Center for Wealth Management Advisory			3	$438,199	$227.8 million	adviserinfo.sec.gov
Form Wealth Advisors, LLC	Lake Geneva	WI	2	$381,796	$1.06 billion	adviserinfo.sec.gov
Cedarwood Wealth	Highlands Ranch	CO	2	$381,163	$213.4 million	adviserinfo.sec.gov
Centurion Wealth Management	McLean	VA	1	$326,376	$786.2 million	adviserinfo.sec.gov
Johnson Investment Counsel, Inc.	Cincinnati	OH	1	$260,358	$22.98 billion	adviserinfo.sec.gov
Guggenheim Partners Investment Management, LLC	New York	NY	1	$155,562	$240.66 billion	adviserinfo.sec.gov
RIA Advisors	Houston	TX	1	$103,737	$1.84 billion	adviserinfo.sec.gov
Fonte Financial Advisors	Carlsbad	CA	1	$1,422	$158.1 million	adviserinfo.sec.gov
Blackstone Private Credit Strategies LLC	New York	NY	2	Not listed	$57.92 billion	adviserinfo.sec.gov
Pinnacle Portfolio Advisors			2	Not listed	$171.9 million	adviserinfo.sec.gov
Firsthand Capital Management, Inc.	San Jose	CA	1	Not listed	$58.6 million	adviserinfo.sec.gov
Pionex Investments Inc.	Princeton	NJ	1	Not listed	Not listed	adviserinfo.sec.gov

By state

State	Advisers
New York	53
California	15
Texas	11
Florida	11
Connecticut	8
Illinois	8
Massachusetts	5
New Jersey	4
North Carolina	2
Virginia	2
Pennsylvania	2
Colorado	2
Ohio	1
Delaware	1
Georgia	1
Arizona	1
Wisconsin	1
Kansas	1
Tennessee	1

Updated November 7, 2026. Read from the SEC's Form ADV data files for investment advisers. Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.