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FS/KKR Advisor

SEC-registered adviser since 2018Philadelphia, PACRD 292803

$16.1B
AUM
3
Clients
See fees
Fee
192
Advisory staff

From Form ADV filed 1 June 2026 · data retrieved 15 October 2026SEC record

FS/KKR Advisor is an investment adviser headquartered in Philadelphia, Pennsylvania, and registered with the SEC since 2018. Its clients include business development companies.

Its services include portfolio management for investment companies. Fee arrangements include a percentage of assets under management, performance-based fees and other arrangements. FSJV Holdco, LLC owns 50% to 75% of FS/KKR Advisor, and Michael Forman is its CEO.

Clients

FS/KKR Advisor serves 3 clients. The average client has about $5.37 billion with the firm.

Regulatory assets by client type
  • Business development companies3 clients100%
Show client breakdown
Business development companies
Clients
3
Regulatory AUM
$16,095,716,000
Share
100.0%
Avg. per client
$5.37B

Total

Clients
3
Regulatory AUM
$16,095,716,000
Share
100%
Avg. per client
$5.37B

What it does

FS/KKR Advisor provides portfolio management for investment companies. It is paid through a percentage of assets, performance-based fees and other arrangements.

FS/KKR Advisor advises no private funds.

100.0% of assets ($16.10B across 3 accounts) are managed with discretion. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

FS/KKR Advisor does not have custody of client assets.

Managed account assets by custodian
  • All other custodians$16.10B100%

Ownership and leadership

FSJV Holdco, LLC owns 50% to 75% of FS/KKR Advisor, and Michael Forman is its CEO.

Who owns the firm
FS/KKR Advisor, LLC· the adviser

  • FSJV Holdco, LLC

    Control person · since March 2018

    Owns 50% to 75% of FS/KKR Advisor, LLC

  • KKR Credit Advisors (us) LLC

    Control person · since March 2018

    Owns 50% to 75% of FS/KKR Advisor, LLC

Leadership

  • Michael Forman
    Chief Executive Officer
  • Daniel Pietrzak
    President
  • Joseph McGeehin
    Chief Financial Officer
  • David Adelman
    Member
  • Marc Bryant
    Chief Legal Officer
  • Elizabeth Detwiler
    Managing Director, CCO
  • Stephen Sypherd
    General Counsel, Secretary

Staff

  • 736 employees
  • 192 in advisory functions
  • 69 broker-dealer reps

Fees

FS/KKR Advisor is paid through a percentage of assets under management, performance-based fees and other.

FS/KKR Advisor’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, FS/KKR Advisor has 10 offices, with 7 listed addresses across 4 states.

Listed office addresses by state

Pennsylvania · 1 listed address

  • 3025 JFK Boulevard, Ofc 500, PhiladelphiaHQ

Registration details

Legal name
FS/KKR Advisor, LLC
Headquarters
3025 JFK Boulevard, Ofc 500, Philadelphia, PA 19104
Phone
215-220-6651
Website
Not reported
SEC file
801-112799
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does FS/KKR Advisor have?

FS/KKR Advisor has 3 clients and manages $16.1 billion for them, as of June 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 June 2026

What services does FS/KKR Advisor offer?

FS/KKR Advisor provides portfolio management for investment companies.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does FS/KKR Advisor have?

FS/KKR Advisor has 0 investment adviser representatives registered with state securities authorities, out of 736 employees, and 192 perform investment advisory functions. 69 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns FS/KKR Advisor?

FS/KKR Advisor is owned through a chain of holding companies by Michael Forman, David Adelman, KKR Group Holdings L.P., KKR & Co. Inc, KKR Holdco LLC and FSH Advisor Fee Holdings, LLC. Its direct owners are FSJV Holdco, LLC (50% to 75%) and KKR Credit Advisors (us) LLC (50% to 75%).

Source: Form ADV Part 1A, Schedules A and B, filed 1 June 2026

How does FS/KKR Advisor get paid?

FS/KKR Advisor is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 1 June 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 292803.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with FS/KKR Advisor, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.