{"url":"https://nivawealth.com/firms/muzinich-and-22998","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/22998","regulatoryAum":31272318638,"crd":"22998","secFileNumber":"801-39604","legalName":"Muzinich & Co., Inc.","displayName":"Muzinich &","website":"http://www.muzinich.com","founded":null,"organization":"Delaware corporation","fiscalYearEnd":"December","headquarters":{"street":"450 Park Ave","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10022-2692"},"tradeNames":[],"registration":{"secApproved":"16 August 1991","noticeFilings":2,"latestNoticeFiling":"10 November 2020","inventory":{"sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_FIRM_SEC_Feed_10_15_2026.xml.gz","sourceAsOf":"2026-10-15","retrievedAt":"2026-10-16T03:16:53.781384+00:00","noticeFilings":[{"status":"Notice Filed","jurisdiction":"Florida","effectiveDate":"2020-11-10"},{"status":"Notice Filed","jurisdiction":"New York","effectiveDate":"2012-02-27"}],"registrationStatus":[{"status":"Approved","jurisdiction":"SEC","effectiveDate":"1991-08-16"}]}},"staff":{"employees":110,"advisory":67,"brokerDealerReps":25,"insuranceAgents":0,"promoters":2},"aum":{"discretionary":31272318638,"discretionaryAccounts":85,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":69,"nonAumClients":1},"clientTypes":[{"label":"High-net-worth individuals","clients":null,"fewerThan5":true,"regulatoryAum":175309284},{"label":"Banking or thrift institutions","clients":null,"fewerThan5":true,"regulatoryAum":215271544},{"label":"Investment companies","clients":6,"regulatoryAum":1913051826},{"label":"Pooled investment vehicles","clients":42,"regulatoryAum":23794750225},{"label":"Pension and profit-sharing plans","clients":9,"regulatoryAum":1466157233},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":1019803941},{"label":"Insurance companies","clients":20,"regulatoryAum":2687974585}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"HSBC Securities Services","shortName":"HSBC Securities Services","location":"Dusseldorf","smaAssets":1303079001},{"name":"Zurcher Kantonalbank","shortName":"Zurcher Kantonalbank","location":"Zurich","smaAssets":748007989}],"custodyNote":"Muzinich & has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Justin Muzinich","title":"Chief Executive Officer & Director","crd":"4436813"},{"name":"Michael Ludwig","title":"Chief Financial Officer & Director","crd":"4988562"},{"name":"Paul Fehre","title":"Chief Operating Officer & Director","crd":"6424683"},{"name":"William Edwards","title":"Chief Compliance Officer","crd":"7805195"},{"name":"Annmarie Baker","title":"Director","crd":"2350820"},{"name":"George Muzinich","title":"Executive Chairman, Director & Shareholder","crd":"1248009"},{"name":"Cheryl Rivkin","title":"Chief Administrative Officer & Director","crd":"4882098"},{"name":"Fenton Tom","title":"Head of Strategy and Human Capital & Director","crd":"1905420"}],"ownership":[{"label":"George Muzinich","detail":"Executive chairman, director & shareholder in the 75% or more ownership band and a control person, since July 1988."},{"label":"2008 Muzinich Family Trust","detail":"Shareholder in the 10% to 25% ownership band, since December 2008."},{"label":"Muzinich 2011 GST Exempt Family Trust","detail":"Shareholder in the 10% to 25% ownership band, since April 2011."},{"label":"GM Trust G","detail":"Shareholder in the 10% to 25% ownership band, since August 2021."},{"label":"GM Trust A","detail":"Shareholder in the 10% to 25% ownership band, since August 2021."},{"label":"Nancy Stanger","detail":"Indirect owner: trustee of GM Trust G, since June 2021.","parent":"GM Trust G"},{"label":"Justin Muzinich","detail":"Indirect owner: trustee of GM Trust A and a control person, since March 2021.","parent":"GM Trust A"},{"label":"Alan Halperin","detail":"Indirect owner: trustee of 2008 Muzinich Family Trust, since May 2017. Also trustee of Muzinich 2011 GST Exempt Family Trust, since May 2017.","parent":"2008 Muzinich Family Trust"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"230 Royal Palm Way","city":"Palm Beach"}]},{"state":"New York","offices":1,"addresses":[{"street":"450 Park Ave","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-888-3413","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Sovereign bonds","percent":6},{"label":"Investment grade corporate bonds","percent":27},{"label":"Non-investment grade corporate bonds","percent":58},{"label":"Derivatives","percent":2},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":4,"detail":"Loans"}],"privateFunds":2},"sources":{"adv1FilingDate":"16 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/22998/PDF/22998.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Muzinich & have?","answer":"Muzinich & has at least 77 clients and manages $31.3 billion for them, as of June 2026. They include 42 pooled investment vehicles, 20 insurance companies and 9 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 16 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Muzinich & offer?","answer":"Muzinich & provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.","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 Muzinich & use?","answer":"Muzinich &’s separately managed account assets are held at HSBC Securities Services (Dusseldorf), with $1,303,079,001 and Zurcher Kantonalbank (Zurich), with $748,007,989. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Muzinich & have?","answer":"Muzinich & has 0 investment adviser representatives registered with state securities authorities, out of 110 employees, and 67 perform investment advisory functions. 25 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 Muzinich & invest in?","answer":"At the end of its last fiscal year, Muzinich &’s separately managed accounts held 58% high-yield corporate bonds, 27% investment grade corporate bonds, 6% sovereign bonds, 4% loans, 3% cash and equivalents and 2% derivatives. It advises 2 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 Muzinich &?","answer":"Muzinich &’s direct owners are George Muzinich (75% or more), 2008 Muzinich Family Trust (10% to 25%), Muzinich 2011 GST Exempt Family Trust (10% to 25%), GM Trust G (10% to 25%) and GM Trust A (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 16 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Muzinich & get paid?","answer":"Muzinich & is paid through a percentage of assets under management and performance-based fees. 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":{"url":"https://nivawealth.com/firms/muzinich-and-22998/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-27","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1618824/000161882426000006/0001618824-26-000006-index.html","totalValue":292725321,"positionCount":38,"top10Share":0.7596037993583753,"top10":[{"issuer":"ARES CAPITAL CORP","titleOfClass":"COM","cusip":"04010L103","value":41698683,"shares":2250333,"shareType":"SH"},{"issuer":"BLACKSTONE SECD LENDING FD","titleOfClass":"COMMON STOCK","cusip":"09261X102","value":28387437,"shares":1197277,"shareType":"SH"},{"issuer":"BLUE OWL CAPITAL CORPORATION","titleOfClass":"COM","cusip":"69121K104","value":26562454,"shares":2443648,"shareType":"SH"},{"issuer":"GOLUB CAP BDC 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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."}