Fs/Kkr Advisor, LLC (Philadelphia)

Name: Fs/Kkr Advisor, LLC
Address: 201 Rouse Boulevard, Philadelphia, PA, 19112
Telephone: 215-220-6651

Fs/Kkr Advisor, LLC is a large advisory firm based in Philadelphia. It manages $16.66 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Delaware, New York, and Pennsylvania.

Fs/Kkr Advisor provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fs/Kkr Advisor: assets under management

The assets under management (AUM) of Fs/Kkr Advisor, LLC is $16.66 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $16.66 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.33 billion each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fs/Kkr Advisor, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Fs/Kkr Advisor serves?

The only and largest group of clients of Fs/Kkr Advisor is business development companies with 5 clients and $16.66 billion of assets under management. Among the 11 most similar advisory firms, Fs/Kkr Advisor has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $16.66 billion for 5 clients. None of the firm’s clients are foreign persons or businesses.

Fs/Kkr Advisor doesn't advise any private funds.

Careers at Fs/Kkr Advisor, LLC

The company employs 311 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Kkr & Co. Inc joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Fsjv Holdco	Member	1 Mar 2018	50% - 75%	82-4594525
Elizabeth Camilla Detwiler	Svp, cco	1 Mar 2018	Other	4361137
Michael Craig Forman	Chief executive officer	1 Mar 2018	Other	5517777
Kkr Credit Advisors (Us) Llc	Member	1 Mar 2018	50% - 75%	146629
Philip Gardiner Browne	Managing director, finance and administration	1 Mar 2018	Other	6286236
Stephen Sypherd	Managing director, legal	1 Mar 2018	Other	6926662

Indirect Owners

The SEC currently registers 27 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kohlberg Kravis Roberts & Co. L.P.	Shareholder	1 Jun 2004	75% - 100%	144533
G.P. Llc Franklin Square Holdings	General partner	1 May 2007	Other	26-0196189
Michael Craig Forman	Managing member	1 May 2007	50% - 75%	5517777
David Jason Adelman	Member	1 May 2007	50% - 75%	5517785
Kkr Holdings Gp Limited	General partner	1 Aug 2007	Other	98-0598040
Kkr Management Holdings Corp.	General partner and shareholder	1 Jul 2008	50% - 75%	27-0703729
Kkr & Co. L.L.C.	General partner	1 Oct 2008	25% - 50%	13-3931629
Kkr Intermediate Partnership Gp Limited	General partner	1 Oct 2008	25% - 50%	foreign entity
L.P. Kkr Group Holdings	Shareholder	1 Jul 2009	75% - 100%	98-0630813
Kkr Group Limited	General partner	1 Jul 2009	Other	98-0630812
Kkr & Co. L.P.	Shareholder	1 Jul 2009	75% - 100%	26-0426107
Kkr & Co. L.L.C.	Limited partner, general partner, sole shareholder	1 Aug 2009	Other	13-3931629
Kkr Holdings Gp Limited	General partner	1 Aug 2009	75% - 100%	98-0598040
Kkr Intermediate Partnership L.P.	Limited partner	1 Sep 2009	Other	foreign entity
Kkr Management Holdings L.P.	Shareholder	1 Oct 2009	75% - 100%	46-0521216
Kkr & Co. L.L.C.	Limited partner	1 Oct 2009	25% - 50%	13-3931629
Kkr Holdings L.P.	Member	1 Oct 2009	75% - 100%	26-0846005
Henry Roberts Kravis	Class a shareholder	1 Oct 2009	25% - 50%	1681436
George Rosenberg Roberts	Class a shareholder	1 Oct 2009	25% - 50%	1681434
Kkr & Co. L.P.	Limited partner	1 Jul 2010	75% - 100%	26-0426107
L.P. Franklin Square Holdings	Member, class c	1 Oct 2013	75% - 100%	26-0196373
Llc Fsic Iii Advisor	Member	1 Mar 2018	25% - 50%	169892
Llc Fb Income Advisor	Member	1 Mar 2018	25% - 50%	147049
Llc Fsic Ii Advisor	Member	1 Mar 2018	25% - 50%	159976
Llc Fsic Iv Advisor	Member	1 Mar 2018	25% - 50%	281145
Kkr & Co. Inc	Shareholder	1 Jul 2018	75% - 100%	26-0426107
Kkr Group Holdings Corp.	Shareholder	1 Jul 2018	75% - 100%	82-5111059

Based in Philadelphia

The principal office where Fs/Kkr Advisor, LLC performs its advisory services is located at 201 Rouse Boulevard, Philadelphia, PA 19112, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-220-6651. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at fsinvestments.com and its LinkedIn profile.