{"url":"https://nivawealth.com/firms/gc-opal-advisors-289425","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/289425","regulatoryAum":124304284578,"crd":"289425","secFileNumber":"801-111632","legalName":"GC Opal Advisors LLC","displayName":"GC Opal Advisors","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"150 South Wacker Drive, Suite 800","city":"Chicago","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60606"},"tradeNames":["GC Investment Management LLC, Relying Adviser","Golub Capital Liquid Credit Advisors, LLC (management Series), Relying Advisor","Opal BSL LLC (management Series), Relying Adviser"],"registration":{"secApproved":"7 September 2017","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":1087,"advisory":306,"brokerDealerReps":23,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":124304284578,"discretionaryAccounts":87,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":68,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":85,"regulatoryAum":123531567099},{"label":"State or municipal government entities","clients":1,"regulatoryAum":272717479},{"label":"Other investment advisers","clients":1,"regulatoryAum":500000000}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Northern Trust Company","shortName":"Northern Trust","location":"Chicago, IL","smaAssets":500000000},{"name":"Wells Fargo Bank, National Association","shortName":"Wells Fargo Bank, National Association","location":"Columbia, MD","smaAssets":272717479}],"custodyNote":"GC Opal Advisors has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Lawrence Golub","title":"Chairman, Co-Chief Executive Officer, Co-General Counsel","crd":"1311171"},{"name":"David Golub","title":"Co-Chief Executive Officer","crd":"1767789"},{"name":"Spyro Alexopoulos","title":"Co-President","crd":"8292768"},{"name":"Gerald Keefe","title":"Co-President","crd":"5219233"},{"name":"Laurence Stein","title":"Co-President","crd":"5300390"},{"name":"John Keleghan","title":"Chief Financial Officer","crd":"2348577"},{"name":"Pierre-Olivier Lamoureux","title":"Chief Financial Officer","crd":"4816563"},{"name":"Rebecca Trayber","title":"Co-Chief Compliance Officer","crd":"8266688"},{"name":"Joshua Levinson","title":"Vice Chair, Chief Legal Officer","crd":"5973336"},{"name":"Francis Straub III","title":"Chief Administrative Officer","crd":"5544060"}],"ownership":[{"label":"GCDM Midco Holdings, LP","detail":"Member in the 75% or more ownership band and a control person, since January 2022."},{"label":"Whitehall Capital Investors New Pe, LLC","detail":"Indirect owner: a member of GC Pe Holdings LLC in the 50% to 75% band and a control person, since September 2012.","parent":"GC Pe Holdings LLC"},{"label":"Lawrence Golub","detail":"Indirect owner: manager of Whitehall Capital Investors New Pe, LLC and a control person, since September 2012. Also manager of GC Pe Holdings LLC and a control person, since June 2012.","parent":"Whitehall Capital Investors New Pe, LLC"},{"label":"David Golub","detail":"Indirect owner: manager of CDG 2013 Pe, LLC and a control person, since January 2014. Also manager of GC Pe Holdings LLC and a control person, since June 2012.","parent":"CDG 2013 Pe, LLC"},{"label":"The Bragol Trust II","detail":"Indirect owner: a member of Second Buchanan Holdings, LLC in the 75% or more band and a control person, since August 2018.","parent":"Second Buchanan Holdings, LLC"},{"label":"CDG 2013 Pe, LLC","detail":"Indirect owner: a member of GC Pe Holdings LLC in the 25% to 50% band and a control person, since January 2014.","parent":"GC Pe Holdings LLC"},{"label":"KPBGC Exempt 2013n Trust","detail":"Indirect owner: a member of CDG 2013 Pe, LLC in the 75% or more band and a control person, since January 2014.","parent":"CDG 2013 Pe, LLC"},{"label":"David Finegold","detail":"Indirect owner: investment & distribution advisor of KPBGC Exempt 2013n Trust and a control person, since January 2014. Also manager of CDG 2013 Pe, LLC and a control person, since January 2014.","parent":"KPBGC Exempt 2013n Trust"},{"label":"Stephen Kepniss","detail":"Indirect owner: investment & distribution advisor of The Bragol Trust II and a control person, since July 2018.","parent":"The Bragol Trust II"},{"label":"GCDM Holdings GP, LLC","detail":"Indirect owner: general partner of GCDM Holdings, LP and a control person, since July 2018. Also general partner of GCDM Midco Holdings, LP and a control person, since July 2021.","parent":"GCDM Holdings, LP"},{"label":"GC Pe Holdings LLC","detail":"Indirect owner: a limited partner of GCDM Holdings, LP in the 75% or more band and a control person, since August 2018. Also a managing member of GCDM Holdings GP, LLC in the 75% or more band and a control person, since July 2018.","parent":"GCDM Holdings, LP"},{"label":"Second Buchanan Holdings, LLC","detail":"Indirect owner: a member of Whitehall Capital Investors New Pe, LLC in the 75% or more band and a control person, since September 2018.","parent":"Whitehall Capital Investors New Pe, LLC"},{"label":"GCDM Holdings, LP","detail":"Indirect owner: a limited partner of GCDM Midco Holdings, LP in the 75% or more band and a control person, since January 2022.","parent":"GCDM Midco Holdings, LP"},{"label":"Michael McDonald","detail":"Indirect owner: manager of Second Buchanan Holdings, LLC and a control person, since December 2023.","parent":"Second Buchanan Holdings, LLC"},{"label":"J.P. Morgan Trust Company of Delaware","detail":"Indirect owner: administrative trustee of KPBGC Exempt 2013n Trust, since December 2024.","parent":"KPBGC Exempt 2013n Trust"},{"label":"Peak Trust Company-NV","detail":"Indirect owner: administrative trustee of The Bragol Trust II, since December 2024.","parent":"The Bragol Trust II"},{"label":"Lisa Piazza","detail":"Indirect owner: manager of CDG 2013 Pe, LLC and a control person, since January 2014.","parent":"CDG 2013 Pe, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":10,"privateResidences":0},"listedOfficeAddresses":9,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"2181 Greenwich Street","city":"San Francisco"}]},{"state":"Connecticut","offices":1,"addresses":[{"street":"2 Greenwich Office Park","city":"Greenwich"}]},{"state":"Florida","offices":1,"addresses":[{"street":"777 Brickell Avenue","city":"Miami"}]},{"state":"Illinois","offices":2,"addresses":[{"street":"150 South Wacker Drive, Suite 800","city":"Chicago","headquarters":true},{"street":"100 South Wacker Drive","city":"Chicago"}]},{"state":"New York","offices":1,"addresses":[{"street":"200 Park Avenue","city":"New York"}]},{"state":"North Carolina","offices":1,"addresses":[{"street":"8015 West Kenton Circle","city":"Huntersville"}]},{"state":"Texas","offices":1,"addresses":[{"street":"3001 Maple Avenue","city":"Dallas"}]},{"state":"U.S. Virgin Islands","offices":1,"addresses":[{"street":"5326 Yacht Haven Grande, Unit 17","city":"ST. Thomas"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"312-205-5050","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Cash and cash equivalents","percent":5},{"label":"Other","percent":95,"detail":"Middle Market and Broadly Syndicated Loans"}],"privateFunds":92},"sources":{"adv1FilingDate":"28 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/289425/PDF/289425.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does GC Opal Advisors have?","answer":"GC Opal Advisors has 87 clients and manages $124.3 billion for them, as of August 2026. They include 85 pooled investment vehicles, 1 state or municipal government entities and 1 other investment advisers.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 28 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does GC Opal Advisors offer?","answer":"GC Opal Advisors provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does GC Opal Advisors use?","answer":"GC Opal Advisors’ separately managed account assets are held at Northern Trust Company (Chicago, IL), with $500,000,000 and Wells Fargo Bank, National Association (Columbia, MD), with $272,717,479. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does GC Opal Advisors have?","answer":"GC Opal Advisors has 0 investment adviser representatives registered with state securities authorities, out of 1,087 employees, and 306 perform investment advisory functions. 23 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does GC Opal Advisors invest in?","answer":"At the end of its last fiscal year, GC Opal Advisors’ separately managed accounts held 95% middle market and broadly syndicated loans and 5% cash and equivalents. It advises 92 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns GC Opal Advisors?","answer":"GC Opal Advisors’ direct owner is GCDM Midco Holdings, LP (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 28 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does GC Opal Advisors get paid?","answer":"GC Opal Advisors 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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}