# Kelso & Company, L.P.

> Kelso & Company, L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.

- CRD: 131471
- Filed as: KELSO & COMPANY, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: April 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/131471
- AdvisorCensus page: https://advisorcensus.com/firm/kelso-and-company-l-p-new-york-ny-131471

## Quick answers

**How is Kelso & Company, L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), Kelso & Company, L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Kelso & Company, L.P. located?**
Kelso & Company, L.P.'s principal office is in New York, NY, according to its Form ADV.

**Is Kelso & Company, L.P. registered with the SEC or a state?**
Kelso & Company, L.P. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 131471.

**How much does Kelso & Company, L.P. manage?**
Kelso & Company, L.P. reports $14,323,432,504 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary).

**How have Kelso & Company, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Kelso & Company, L.P.: Regulatory assets under management: $10,439,941,406 in the October 2021 data and $14,323,432,504 in the October 2026 data, up 37%. Total employees: 54 in October 2021 and 64 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Kelso & Company, L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (54).

**Does Kelso & Company, L.P. report any disciplinary disclosures?**
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/131471

**What changed in Kelso & Company, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 39 to 38. Regulatory assets under management went from $16,679,765,389 to $14,323,463,053 (-14%). 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
- Other

### Regulatory assets under management (Item 5.F)
- Total: $14,323,432,504
- Discretionary: $14,323,432,504
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 54 | $14,323,432,504 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 64 total, 38 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [kelso.com](https://kelso.com)
- LinkedIn @kelso-company

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $10,439,941,406 | 54 | April 30, 2021 |
| October 2022 | $14,131,958,706 | 57 | April 29, 2022 |
| October 2023 | $15,341,153,897 | 59 | April 28, 2023 |
| October 2024 | $16,585,928,036 | 60 | April 24, 2024 |
| October 2025 | $16,679,765,389 | 62 | April 24, 2025 |
| October 2026 | $14,323,432,504 | 64 | April 30, 2026 |

Regulatory assets under management: $10,439,941,406 in the October 2021 data and $14,323,432,504 in the October 2026 data, up 37%.
Total employees: 54 in October 2021 and 64 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 39 to 38.
- Regulatory assets under management went from $16,679,765,389 to $14,323,463,053 (-14%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kelso & Company, L.P. (CRD 131471): Form ADV filing data as of October 2026.