# FPLF Management LLC

> FPLF Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2024, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 331881
- Filed as: FPLF MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/331881
- AdvisorCensus page: https://advisorcensus.com/firm/fplf-management-llc-new-york-ny-331881

## Quick answers

**How is FPLF Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), FPLF Management LLC 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.

**Where is FPLF Management LLC located?**
FPLF Management LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 18 other offices (Schedule D, Section 1.F).

**Is FPLF Management LLC registered with the SEC or a state?**
FPLF Management LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 331881.

**How much does FPLF Management LLC manage?**
FPLF Management LLC reports $1,489,000,000 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have FPLF Management LLC's assets and staff changed since 2024?**
In the Form ADV data for FPLF Management LLC: Regulatory assets under management: $630,000,000 in the October 2025 data and $1,489,000,000 in the October 2026 data, up 136%. Total employees: 23 in October 2024 and 140 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does FPLF Management LLC serve?**
By number of clients on Form ADV Item 5.D: business development companies (1).

**Does FPLF Management LLC report any disciplinary disclosures?**
Reports 4 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), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.E(2) (self-regulatory organization's finding of a rule violation). 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/331881

**What changed in FPLF Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $761,872,318 to $1,489,000,000 (+95%). Employees performing advisory functions went from 55 to 73. Added an office in Abu Dhabi. Added an office in Vail, CO. 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
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $1,489,000,000
- Discretionary: $1,489,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Business development companies | 1 | $1,489,000,000 |

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

### Firm details
- Registered since: 2024 (2 years)
- Employees: 140 total, 73 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY, TX
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): 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?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): 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?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/331881

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Abu Dhabi
- Amsterdam
- Atlanta, GA
- Causeway Bay
- Dallas, TX
- Dublin
- Greenwich, CT
- London
- Los Angeles, CA
- Luxembourg
- Madrid
- Menlo Park, CA
- New York, NY
- Paris
- Rome
- Sydney Nsw 2000
- Tokyo
- Vail, CO

### Websites listed on Form ADV (Item 1.I)
- fortress.com
- LinkedIn @fortress-investment-group

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | Not reported | 23 | August 15, 2024 |
| October 2025 | $630,000,000 | 11 | June 18, 2025 |
| October 2026 | $1,489,000,000 | 140 | March 31, 2026 |

Regulatory assets under management: $630,000,000 in the October 2025 data and $1,489,000,000 in the October 2026 data, up 136%.
Total employees: 23 in October 2024 and 140 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $761,872,318 to $1,489,000,000 (+95%).
- Employees performing advisory functions went from 55 to 73.
- Added an office in Abu Dhabi.
- Added an office in Vail, CO.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Regulatory assets under management went from $630,000,000 to $761,872,318 (+21%).
- Employees performing advisory functions went from 3 to 55.

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. FPLF Management LLC (CRD 331881): Form ADV filing data as of October 2026.