{
  "crd_number": 141037,
  "slug": "ka-fund-advisors-llc-houston-tx-141037",
  "primary_business_name": "KA FUND ADVISORS, LLC",
  "legal_name": "KA FUND ADVISORS, LLC",
  "dbas": [],
  "city": "Houston",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "26420",
  "metro": {
    "cbsa_code": "26420",
    "common_name": "Houston",
    "msa_name": "Houston-Pasadena-The Woodlands, TX",
    "path": "/advisors/tx/houston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2006-08-23",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-03-10",
  "carried_forward": false,
  "raum_total": 3188024827.0,
  "raum_discretionary": 3188024827.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 38,
  "advisory_employees": 10,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 3188024827.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "TX"
  ],
  "websites": [
    "https://kaynefunds.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/141037",
  "city_as_filed": "HOUSTON",
  "url": "https://advisorcensus.com/firm/ka-fund-advisors-llc-houston-tx-141037",
  "display_name": "KA Fund Advisors, LLC",
  "summary": "KA Fund Advisors, LLC is an SEC-registered investment advisory firm in Houston, TX, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 10, 2026.",
  "citation": "AdvisorCensus. KA Fund Advisors, LLC (CRD 141037): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is KA Fund Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), KA Fund Advisors, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is KA Fund Advisors, LLC located?",
      "a": "KA Fund Advisors, LLC's principal office is in Houston, TX, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is KA Fund Advisors, LLC registered with the SEC or a state?",
      "a": "KA Fund Advisors, LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 141037."
    },
    {
      "q": "How much does KA Fund Advisors, LLC manage?",
      "a": "KA Fund Advisors, LLC reports $3,188,024,827 in regulatory assets under management in its Form ADV filing dated March 10, 2026 (100% discretionary)."
    },
    {
      "q": "How have KA Fund Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for KA Fund Advisors, LLC: Regulatory assets under management: $1,707,043,000 in the October 2021 data and $3,188,024,827 in the October 2026 data, up 87%. Total employees: 59 in October 2021 and 38 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does KA Fund Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (1)."
    },
    {
      "q": "Does KA Fund 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/141037"
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1707043000.0,
      "total_employees": 59,
      "filing_date": "2021-07-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1618946000.0,
      "total_employees": 59,
      "filing_date": "2022-03-23"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 2499724000.0,
      "total_employees": 58,
      "filing_date": "2023-06-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 2383985053.0,
      "total_employees": 40,
      "filing_date": "2024-03-12"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 3262749174.0,
      "total_employees": 38,
      "filing_date": "2025-02-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 3188024827.0,
      "total_employees": 38,
      "filing_date": "2026-03-10"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/ka-fund-advisors-llc-houston-tx-141037.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 3188024827.0
    }
  ],
  "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/141037",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}