{
  "crd_number": 104536,
  "slug": "kayne-anderson-capital-advisors-l-p-houston-tx-104536",
  "primary_business_name": "KAYNE ANDERSON CAPITAL ADVISORS, L.P.",
  "legal_name": "KAYNE ANDERSON CAPITAL ADVISORS, L.P.",
  "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": "1994-08-15",
  "years_registered": 32,
  "period": "2026-10-01",
  "filing_date": "2026-08-06",
  "carried_forward": false,
  "raum_total": 34109306018.0,
  "raum_discretionary": 34109306018.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 310,
  "advisory_employees": 142,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 908388957.0,
      "count": 1,
      "description": "REIT",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 233763932.0,
      "count": 2,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 818704341.0,
      "count": 8
    },
    "investment_companies": {
      "raum": 142232573.0,
      "count": 2
    },
    "pension_profit_sharing": {
      "raum": 22976643.0,
      "count": 2,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 23788386.0,
      "count": 1,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 31856795834.0,
      "count": 94
    },
    "corporations_other_businesses": {
      "raum": 102655352.0,
      "count": 3,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CT",
    "FL",
    "GA",
    "IL",
    "NY",
    "TX",
    "WA"
  ],
  "websites": [
    "https://facebook.com/KayneAndersonFoundation",
    "https://instagram.com/kayneandersonfoundation",
    "https://kayneanderson.com",
    "https://kaynefunds.com",
    "https://linkedin.com/company/kayne-anderson-capital-advisors",
    "https://linkedin.com/company/kayne-anderson-real-estate"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104536",
  "city_as_filed": "HOUSTON",
  "url": "https://advisorcensus.com/firm/kayne-anderson-capital-advisors-l-p-houston-tx-104536",
  "display_name": "Kayne Anderson Capital Advisors, L.P.",
  "summary": "Kayne Anderson Capital Advisors, L.P. is an SEC-registered investment advisory firm in Houston, TX, registered since 1994, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 6, 2026.",
  "citation": "AdvisorCensus. Kayne Anderson Capital Advisors, L.P. (CRD 104536): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Kayne Anderson Capital Advisors, L.P. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Kayne Anderson Capital Advisors, L.P. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Where is Kayne Anderson Capital Advisors, L.P. located?",
      "a": "Kayne Anderson Capital Advisors, L.P.'s principal office is in Houston, TX, according to its Form ADV; the September 2026 filing also lists 6 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Kayne Anderson Capital Advisors, L.P. registered with the SEC or a state?",
      "a": "Kayne Anderson Capital Advisors, L.P. is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 104536."
    },
    {
      "q": "How much does Kayne Anderson Capital Advisors, L.P. manage?",
      "a": "Kayne Anderson Capital Advisors, L.P. reports $34,109,306,018 in regulatory assets under management in its Form ADV filing dated August 6, 2026 (100% discretionary)."
    },
    {
      "q": "How have Kayne Anderson Capital Advisors, L.P.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Kayne Anderson Capital Advisors, L.P.: Regulatory assets under management: $32,684,313,000 in the October 2021 data and $34,109,306,018 in the October 2026 data, up 4%. Total employees: 314 in October 2021 and 310 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Kayne Anderson Capital Advisors, L.P. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (94); insurance companies (8); corporations or other businesses not listed above (3)."
    },
    {
      "q": "Which custodians does Kayne Anderson Capital Advisors, L.P. use?",
      "a": "Kayne Anderson Capital Advisors, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon Corporation and State Street Corporation as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Kayne Anderson Capital Advisors, L.P. 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/104536"
    },
    {
      "q": "What changed in Kayne Anderson Capital Advisors, L.P.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Changed its legal name from Kayne Anderson Capital Advisors LP to Kayne Anderson Capital Advisors, L.P.. Employees performing advisory functions went from 132 to 142. Regulatory assets under management went from $30,458,732,567 to $34,109,306,018 (+12%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 32684313000.0,
      "total_employees": 314,
      "filing_date": "2021-08-19"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 29824228000.0,
      "total_employees": 297,
      "filing_date": "2022-05-03"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 29871782000.0,
      "total_employees": 300,
      "filing_date": "2023-10-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 31722176000.0,
      "total_employees": 301,
      "filing_date": "2024-09-04"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 30458732567.0,
      "total_employees": 302,
      "filing_date": "2025-05-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 34109306018.0,
      "total_employees": 310,
      "filing_date": "2026-08-06"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Changed its legal name from Kayne Anderson Capital Advisors LP to Kayne Anderson Capital Advisors, L.P..",
        "Employees performing advisory functions went from 132 to 142.",
        "Regulatory assets under management went from $30,458,732,567 to $34,109,306,018 (+12%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Bank of New York Mellon Corporation",
      "name_as_filed": "BANK OF NEW YORK MELLON CORPORATION",
      "affiliated": false
    },
    {
      "name": "State Street Corporation",
      "name_as_filed": "STATE STREET CORPORATION",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/kayne-anderson-capital-advisors-l-p-houston-tx-104536.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1,
      "fewer_than_5": true,
      "raum": 23788386.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 142232573.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 94,
      "fewer_than_5": false,
      "raum": 31856795834.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 22976643.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 233763932.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 8,
      "fewer_than_5": false,
      "raum": 818704341.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": true,
      "raum": 102655352.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 1,
      "fewer_than_5": true,
      "raum": 908388957.0
    }
  ],
  "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/104536",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}