{"url":"https://nivawealth.com/firms/park-avenue-institutional-advisers-175101","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/175101","regulatoryAum":82001617114,"crd":"175101","secFileNumber":"801-81084","legalName":"Park Avenue Institutional Advisers LLC","displayName":"Park Avenue Institutional Advisers","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"10 Hudson Yards","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10001"},"tradeNames":[],"registration":{"secApproved":"9 March 2015","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":72,"advisory":10,"brokerDealerReps":9,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":82001617114,"discretionaryAccounts":29,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":24,"regulatoryAum":4640678525},{"label":"Insurance companies","clients":null,"regulatoryAum":77153369948},{"label":"Other","clients":null,"regulatoryAum":207568641}],"fees":[],"feeNotes":[],"custodians":[{"name":"Jpmorgan Chase Bank NA","shortName":"J.P. Morgan","location":"Ny, NY","smaAssets":64238384913}],"custodyNote":"Park Avenue Institutional Advisers does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Isaac Lowenbraun","title":"President, Senior Managing Director and LLC Manager","crd":"2712651"},{"name":"Michael Bessel","title":"Chief Compliance Officer","crd":"2963742"},{"name":"John Flannigan","title":"LLC Manager","crd":"6457283"},{"name":"Nicholas Liolis","title":"Chief Investment Officer","crd":"7700511"},{"name":"Debra Udicious","title":"LLC Manager","crd":"7992770"},{"name":"Larry Weiss","title":"Head of Asset Management Accounting & Mutual Fund Treasurer","crd":"2678091"}],"ownership":[{"label":"Guardian Investor Services LLC","detail":"Member in the 75% or more ownership band and a control person, since February 2015."},{"label":"The Guardian Life Insurance Company of America","detail":"Indirect owner: a owner of Guardian Investor Services LLC in the 75% or more band and a control person, since February 2015.","parent":"Guardian Investor Services LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"10 Hudson Yards","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-919-2517","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for investment companies","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"U.S. state and local bonds","percent":1},{"label":"Sovereign bonds","percent":1},{"label":"Investment grade corporate bonds","percent":67},{"label":"Non-investment grade corporate bonds","percent":1},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":27,"detail":"[1] Mid Year: Commercial Mortgage Loans 11%, Private Equity Funds 4%, RMBS and CMBS 4%, Collateralized Loan Obligations 3%, Bank Loans 3%, Real Estate  2% and Abs 1%.\n[2] End of Year: Commercial Mortgage Loans 11%, Private Equity Funds 4%, RMBS and CMBS 4%, Collateralized Loan Obligations 3%, Bank Loans 2%,real Estate 2%. and Abs 1%."}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/175101/PDF/175101.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Park Avenue Institutional Advisers have?","answer":"Park Avenue Institutional Advisers has 24 clients and manages $82 billion for them, as of March 2026.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Park Avenue Institutional Advisers offer?","answer":"Park Avenue Institutional Advisers provides portfolio management for investment companies 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 Park Avenue Institutional Advisers use?","answer":"Park Avenue Institutional Advisers’ separately managed account assets are held at Jpmorgan Chase Bank NA (Ny, NY), with $64,238,384,913. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Park Avenue Institutional Advisers have?","answer":"Park Avenue Institutional Advisers has 0 investment adviser representatives registered with state securities authorities, out of 72 employees, and 10 perform investment advisory functions. 9 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 Park Avenue Institutional Advisers invest in?","answer":"At the end of its last fiscal year, Park Avenue Institutional Advisers’ separately managed accounts held 67% investment grade corporate bonds, 27% [1] mid year: commercial mortgage loans 11%, private equity funds 4%, rmbs and cmbs 4%, collateralized loan obligations 3%, bank loans 3%, real estate  2% and abs 1%.\n[2] end of year: commercial mortgage loans 11%, private equity funds 4%, rmbs and cmbs 4%, collateralized loan obligations 3%, bank loans 2%,real estate 2%. and abs 1%., 3% cash and equivalents, 1% state and local bonds, 1% sovereign bonds and 1% high-yield corporate bonds. It advises no private funds of its own.","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 Park Avenue Institutional Advisers?","answer":"Park Avenue Institutional Advisers is owned through a holding company by the Guardian Life Insurance Company of America. Its direct owner is Guardian Investor Services LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Park Avenue Institutional Advisers get paid?","answer":"Park Avenue Institutional Advisers is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees 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/park-avenue-institutional-advisers-175101/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-04","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1640801/000119312526331696/0001193125-26-331696-index.html","totalValue":198701875,"positionCount":2,"top10Share":1,"top10":[{"issuer":"Janus Detroit Street Trust-Janus Henderson AA-A CLO ETF","titleOfClass":"ETF","cusip":"47103U613","value":100100000,"shares":2000000,"shareType":"SH","priorValue":99870000,"priorShares":2000000},{"issuer":"Janus Henderson Asset-Backed Securities ETF","titleOfClass":"ETF","cusip":"47103U688","value":98601875,"shares":1975000,"shareType":"SH","priorValue":98463625,"priorShares":1975000}],"positionsListed":2,"positions":[{"issuer":"Janus Detroit Street Trust-Janus Henderson AA-A CLO ETF","titleOfClass":"ETF","cusip":"47103U613","value":100100000,"shares":2000000,"shareType":"SH","priorValue":99870000,"priorShares":2000000},{"issuer":"Janus Henderson Asset-Backed Securities ETF","titleOfClass":"ETF","cusip":"47103U688","value":98601875,"shares":1975000,"shareType":"SH","priorValue":98463625,"priorShares":1975000}]},"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."}