{ "crd_number": 304945, "slug": "churchill-dlc-advisor-llc-new-york-ny-304945", "primary_business_name": "CHURCHILL DLC ADVISOR LLC", "legal_name": "CHURCHILL DLC ADVISOR LLC", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2019-09-03", "years_registered": 7, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 2054468628.0, "raum_discretionary": 2054468628.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 206, "advisory_employees": 79, "client_count_bucket": null, "clients_by_type": { "business_development_companies": { "raum": 2054468628.0, "count": 1 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_investment_companies" ], "wrap_fee_participant": false, "disclosure_yes_count": 2, "states_registered": [ "TX" ], "websites": [ "https://churchillam.com", "https://linkedin.com/company/churchill-asset-management", "https://ncdl.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/304945", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/churchill-dlc-advisor-llc-new-york-ny-304945", "display_name": "Churchill DLC Advisor LLC", "summary": "Churchill DLC Advisor LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2019, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Churchill DLC Advisor LLC (CRD 304945): 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 Churchill DLC Advisor LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Churchill DLC Advisor LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Churchill DLC Advisor LLC located?", "a": "Churchill DLC Advisor LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 4 other offices (Schedule D, Section 1.F)." }, { "q": "Is Churchill DLC Advisor LLC registered with the SEC or a state?", "a": "Churchill DLC Advisor LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 304945." }, { "q": "How much does Churchill DLC Advisor LLC manage?", "a": "Churchill DLC Advisor LLC reports $2,054,468,628 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have Churchill DLC Advisor LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Churchill DLC Advisor LLC: Regulatory assets under management: $353,460,307 in the October 2021 data and $2,054,468,628 in the October 2026 data, up 481%. Total employees: 90 in October 2021 and 206 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Churchill DLC Advisor LLC serve?", "a": "By number of clients on Form ADV Item 5.D: business development companies (1)." }, { "q": "Does Churchill DLC Advisor LLC report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). 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/304945" }, { "q": "What changed in Churchill DLC Advisor LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 73 to 79. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 353460307.0, "total_employees": 90, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 771956511.0, "total_employees": 114, "filing_date": "2022-04-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1613675438.0, "total_employees": 149, "filing_date": "2023-06-30" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1730863962.0, "total_employees": 167, "filing_date": "2024-04-02" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2143724982.0, "total_employees": 198, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2054468628.0, "total_employees": 206, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 73 to 79.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/churchill-dlc-advisor-llc-new-york-ny-304945.md", "clients": [ { "type": "business_development_companies", "label": "Business development companies", "count": 1, "fewer_than_5": false, "raum": 2054468628.0 } ], "disclosure_line": "Reports 2 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/304945", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }