Research Report · 2026-06-30
Top Registered Investment Advisers for Business Development Companies
SEC-registered investment advisers ranked by reported assets from business development company clients.
Firms
132
Total AUM
$5.50T
Median AUM
$2.14B
Latest Filing
2026-06-30
| Rank↕ | Firm Name | CRD↕ | BDC Assets↕ | AUM↕ | Employees↕ | Latest Filing | |
|---|---|---|---|---|---|---|---|
| 101 | AFC MANAGEMENT, LLC | 311281 | $275.8M | $275.8M | 32 | 2026-03-31 | → |
| 102 | PARTNERS GROUP (USA) INC. | 145228 | $274.8M | $29.12B | 431 | 2026-03-31 | → |
| 103 | REMORA CAPITAL MANAGEMENT, LLC | 316160 | $268.6M | $268.6M | 4 | 2026-03-31 | → |
| 104 | CM INVESTMENT PARTNERS LLC | 168941 | $235.9M | $444.2M | 14 | 2026-03-31 | → |
| 105 | MUZINICH BDC ADVISER, LLC | 304834 | $220.9M | $220.9M | 25 | 2026-06-30 | → |
| 106 | BC PARTNERS ADVISORS L.P. | 288495 | $203.6M | $6.69B | 120 | 2026-03-31 | → |
| 107 | LAGO ASSET MANAGEMENT, LLC | 305631 | $190.9M | $604.9M | 15 | 2026-03-31 | → |
| 108 | EDGEWORTH CAPITAL PTY LTD | 335630 | $171.8M | $330.9M | 4 | 2026-03-31 | → |
| 109 | MANULIFE INVESTMENT MANAGEMENT PRIVATE MARKETS (US) LLC | 145508 | $171.1M | $48.31B | 730 | 2026-03-31 | → |
| 110 | BIP CAPITAL, LLC | 292983 | $163.9M | $1.29B | 50 | 2026-03-31 | → |
| 111 | PENNANTPARK PRIVATE INCOME FUND ADVISERS LLC | 337750 | $138.8M | $138.8M | 91 | 2026-03-31 | → |
| 112 | TRINITY CAPITAL ADVISER LLC | 326133 | $126.7M | $157.6M | 106 | 2026-03-31 | → |
| 113 | EAGLE POINT CREDIT MANAGEMENT LLC | 166370 | $126.3M | $13.24B | 120 | 2026-05-31 | → |
| 114 | STEELE CREEK INVESTMENT MANAGEMENT LLC | 170209 | $125.8M | $1.74B | 12 | 2026-03-31 | → |
| 115 | MUZINICH DIRECT LENDING ADVISER, LLC | 327891 | $98.0M | $98.0M | 48 | 2026-06-30 | → |
| 116 | CAPITAL Q MANAGEMENT LLC | 305337 | $75.4M | $93.4M | 2 | 2026-02-28 | → |
| 117 | RAND CAPITAL MANAGEMENT LLC | 304504 | $53.2M | $136.7M | 10 | 2026-03-31 | → |
| 118 | NEXPOINT ADVISORS, L.P. | 163564 | $38.6M | $131.2M | 67 | 2026-03-31 | → |
| 119 | LPK INVESTMENT GROUP, LLP | 218514 | $28.0M | $98.0M | 68 | 2026-03-31 | → |
| 120 | HOUSE HANOVER LLC | 284838 | $14.8M | $19.7M | 2 | 2026-03-31 | → |
| 121 | SAGE PRIVATE WEALTH GROUP, LLC | 173399 | $11.4M | $440.8M | 15 | 2026-03-31 | → |
| 122 | GLOBAL WEALTH STRATEGIES AND ASSOCIATES, LLC | 316072 | $3.9M | $457.0M | 10 | 2026-05-31 | → |
| 123 | USI ADVISORS, INC. | 108113 | $2.3M | $56.28B | 79 | 2026-03-31 | → |
| 124 | SAUL WEALTH ADVISORS, LLC | 337371 | $495,589 | $201.5M | 4 | 2026-03-31 | → |
| 125 | CENTER FOR WEALTH MANAGEMENT LLC. | 171221 | $438,199 | $227.8M | 5 | 2026-05-31 | → |
| 126 | FORM WEALTH ADVISORS, LLC | 326519 | $381,796 | $1.06B | 16 | 2026-03-31 | → |
| 127 | CEDARWOOD WEALTH LLC | 334756 | $381,163 | $213.4M | 3 | 2026-06-30 | → |
| 128 | CENTURION WEALTH MANAGEMENT, LLC | 317929 | $303,201 | $784.0M | 14 | 2026-06-30 | → |
| 129 | JOHNSON INVESTMENT COUNSEL, INC. | 117054 | $260,358 | $22.98B | 164 | 2026-05-31 | → |
| 130 | GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC | 137432 | $155,562 | $240.66B | 588 | 2026-03-31 | → |
| 131 | CLARITY FINANCIAL, LLC | 150661 | $103,737 | $1.84B | 16 | 2026-05-31 | → |
| 132 | RG FINANCIAL, LLC | 311162 | $1,422 | $158.1M | 3 | 2026-03-31 | → |
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