# Bluerock Fund Advisor, LLC

> Bluerock Fund Advisor, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 28, 2026.

- CRD: 165015
- Filed as: BLUEROCK FUND ADVISOR, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/165015
- AdvisorCensus page: https://advisorcensus.com/firm/bluerock-fund-advisor-llc-new-york-ny-165015

## Quick answers

**How is Bluerock Fund Advisor, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Bluerock Fund Advisor, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Bluerock Fund Advisor, LLC located?**
Bluerock Fund Advisor, LLC's principal office is in New York, NY, according to its Form ADV.

**Is Bluerock Fund Advisor, LLC registered with the SEC or a state?**
Bluerock Fund Advisor, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 165015.

**How much does Bluerock Fund Advisor, LLC manage?**
Bluerock Fund Advisor, LLC reports $3,457,809,798 in regulatory assets under management in its Form ADV filing dated March 28, 2026 (100% discretionary).

**How have Bluerock Fund Advisor, LLC's assets and staff changed since 2021?**
In the Form ADV data for Bluerock Fund Advisor, LLC: Regulatory assets under management: $2,367,000,000 in the October 2021 data and $3,457,809,798 in the October 2026 data, up 46%. Total employees: 8 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bluerock Fund Advisor, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Bluerock Fund Advisor, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/165015

**What changed in Bluerock Fund Advisor, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 14 to 11. Regulatory assets under management went from $4,277,325,089 to $3,457,809,798 (-19%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $3,457,809,798
- Discretionary: $3,457,809,798
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $3,457,809,798 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 11 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,367,000,000 | 8 | March 31, 2021 |
| October 2022 | $3,835,000,000 | 8 | March 30, 2022 |
| October 2023 | $6,944,421,989 | 8 | March 31, 2023 |
| October 2024 | $5,417,812,295 | 8 | March 26, 2024 |
| October 2025 | $4,277,325,089 | 14 | July 1, 2025 |
| October 2026 | $3,457,809,798 | 11 | March 28, 2026 |

Regulatory assets under management: $2,367,000,000 in the October 2021 data and $3,457,809,798 in the October 2026 data, up 46%.
Total employees: 8 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 14 to 11.
- Regulatory assets under management went from $4,277,325,089 to $3,457,809,798 (-19%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bluerock Fund Advisor, LLC (CRD 165015): Form ADV filing data as of October 2026.