{ "crd_number": 282092, "slug": "bcsf-advisors-lp-boston-ma-282092", "primary_business_name": "BCSF ADVISORS, LP", "legal_name": "BCSF ADVISORS, LP", "dbas": [], "city": "Boston", "state": "MA", "country": "United States", "cbsa_code": "14460", "metro": { "cbsa_code": "14460", "common_name": "Boston", "msa_name": "Boston-Cambridge-Newton, MA-NH", "path": "/advisors/ma/boston" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2016-02-16", "years_registered": 10, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 3647381756.0, "raum_discretionary": 3647381756.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 682, "advisory_employees": 272, "client_count_bucket": null, "clients_by_type": { "investment_companies": { "raum": 1207003832.0, "count": 2 }, "business_development_companies": { "raum": 2440377924.0, "count": 1 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_investment_companies" ], "wrap_fee_participant": false, "disclosure_yes_count": 3, "states_registered": [ "MA" ], "websites": [ "https://baincapital.com", "https://baincapitalcredit.com", "https://baincapitalspecialtyfinance.com", "https://linkedin.com/company/bain-capital", "https://x.com/BAINCAPITAL", "https://youtube.com/channel/UCHLw83UfiBEm9RoLlZKPaig" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/282092", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" } ], "city_as_filed": "BOSTON", "url": "https://advisorcensus.com/firm/bcsf-advisors-lp-boston-ma-282092", "display_name": "BCSF Advisors, LP", "summary": "BCSF Advisors, LP is an SEC-registered investment advisory firm in Boston, MA, registered since 2016, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. BCSF Advisors, LP (CRD 282092): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)" ], "quick_answers": [ { "q": "How is BCSF Advisors, LP compensated?", "a": "On its Form ADV (Item 5.E, October 2026), BCSF Advisors, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is BCSF Advisors, LP located?", "a": "BCSF Advisors, LP's principal office is in Boston, MA, according to its Form ADV." }, { "q": "Is BCSF Advisors, LP registered with the SEC or a state?", "a": "BCSF Advisors, LP is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 282092." }, { "q": "How much does BCSF Advisors, LP manage?", "a": "BCSF Advisors, LP reports $3,647,381,756 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have BCSF Advisors, LP's assets and staff changed since 2021?", "a": "In the Form ADV data for BCSF Advisors, LP: Regulatory assets under management: $3,867,915,474 in the October 2021 data and $3,647,381,756 in the October 2026 data, down 6%. Total employees: 419 in October 2021 and 682 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does BCSF Advisors, LP serve?", "a": "By number of clients on Form ADV Item 5.D: investment companies (2); business development companies (1)." }, { "q": "Does BCSF Advisors, LP report any disciplinary disclosures?", "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/282092" }, { "q": "What changed in BCSF Advisors, LP's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 255 to 272. Regulatory assets under management went from $3,284,198,271 to $3,647,381,756 (+11%). Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 3867915474.0, "total_employees": 419, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 4914009984.0, "total_employees": 460, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3643612499.0, "total_employees": 521, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3063707508.0, "total_employees": 558, "filing_date": "2024-07-31" }, { "period": "2025-10-01", "regulatory_assets_under_management": 3284198271.0, "total_employees": 633, "filing_date": "2025-07-24" }, { "period": "2026-10-01", "regulatory_assets_under_management": 3647381756.0, "total_employees": 682, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 255 to 272.", "Regulatory assets under management went from $3,284,198,271 to $3,647,381,756 (+11%).", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/bcsf-advisors-lp-boston-ma-282092.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 2, "fewer_than_5": false, "raum": 1207003832.0 }, { "type": "business_development_companies", "label": "Business development companies", "count": 1, "fewer_than_5": false, "raum": 2440377924.0 } ], "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/282092", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }