{ "crd_number": 175430, "slug": "crescent-cap-advisors-llc-los-angeles-ca-175430", "primary_business_name": "CRESCENT CAP ADVISORS, LLC", "legal_name": "CRESCENT CAP ADVISORS, LLC", "dbas": [], "city": "Los Angeles", "state": "CA", "country": "United States", "cbsa_code": "31080", "metro": { "cbsa_code": "31080", "common_name": "Los Angeles", "msa_name": "Los Angeles-Long Beach-Anaheim, CA", "path": "/advisors/ca/los-angeles" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2015-03-23", "years_registered": 11, "period": "2026-10-01", "filing_date": "2026-03-30", "carried_forward": false, "raum_total": 1812779221.0, "raum_discretionary": 1812779221.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 0, "advisory_employees": 0, "client_count_bucket": null, "clients_by_type": { "business_development_companies": { "raum": 1812779221.0, "count": 1 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_investment_companies" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "MA", "NY" ], "websites": [ "https://crescentbdc.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/175430", "city_as_filed": "LOS ANGELES", "url": "https://advisorcensus.com/firm/crescent-cap-advisors-llc-los-angeles-ca-175430", "display_name": "Crescent Cap Advisors, LLC", "summary": "Crescent Cap Advisors, LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.", "citation": "AdvisorCensus. Crescent Cap Advisors, LLC (CRD 175430): 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 Crescent Cap Advisors, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Crescent Cap Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Crescent Cap Advisors, LLC located?", "a": "Crescent Cap Advisors, LLC's principal office is in Los Angeles, CA, according to its Form ADV; the April 2026 filing also lists 5 other offices (Schedule D, Section 1.F)." }, { "q": "Is Crescent Cap Advisors, LLC registered with the SEC or a state?", "a": "Crescent Cap Advisors, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 175430." }, { "q": "How much does Crescent Cap Advisors, LLC manage?", "a": "Crescent Cap Advisors, LLC reports $1,812,779,221 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)." }, { "q": "How have Crescent Cap Advisors, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Crescent Cap Advisors, LLC: Regulatory assets under management: $1,129,687,532 in the October 2021 data and $1,812,779,221 in the October 2026 data, up 60%. Total employees: 0 in October 2021 and 0 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Crescent Cap Advisors, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: business development companies (1)." }, { "q": "Does Crescent Cap Advisors, LLC report any disciplinary disclosures?", "a": "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/175430" }, { "q": "What changed in Crescent Cap Advisors, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.E(2)). Added an office in Frankfurt. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1129687532.0, "total_employees": 0, "filing_date": "2021-05-17" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1489513958.0, "total_employees": 0, "filing_date": "2022-03-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1438928617.0, "total_employees": 0, "filing_date": "2023-03-30" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1780594100.0, "total_employees": 0, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 1850737970.0, "total_employees": 0, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 1812779221.0, "total_employees": 0, "filing_date": "2026-03-30" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.E(2)).", "Added an office in Frankfurt.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/crescent-cap-advisors-llc-los-angeles-ca-175430.md", "clients": [ { "type": "business_development_companies", "label": "Business development companies", "count": 1, "fewer_than_5": false, "raum": 1812779221.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "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/175430", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }