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KKR Credit Advisors (US) LLC

San Francisco, CASEC-registered investment adviserCRD 146629

Filed as KKR CREDIT ADVISORS (US) LLC

KKR Credit Advisors (US) LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2008, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 25, 2026.

17 years
registered since 2008
$270,850,554,473
assets under management
3 arrangements
Percentage of assets, Performance-based and more
7
disclosure items (Item 11)

Quick answers

From the filing

How is KKR Credit Advisors (US) LLC compensated?

On its Form ADV (Item 5.E, October 2026), KKR Credit Advisors (US) LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.

Where is KKR Credit Advisors (US) LLC located?

KKR Credit Advisors (US) LLC's principal office is in San Francisco, CA, according to its Form ADV; the October 2026 filing also lists 10 other offices (Schedule D, Section 1.F).

Is KKR Credit Advisors (US) LLC registered with the SEC or a state?

KKR Credit Advisors (US) LLC is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 146629.

How much does KKR Credit Advisors (US) LLC manage?

KKR Credit Advisors (US) LLC reports $270,850,554,473 in regulatory assets under management in its Form ADV filing dated September 25, 2026 (100% discretionary).

How have KKR Credit Advisors (US) LLC's assets and staff changed since 2021?

In the Form ADV data for KKR Credit Advisors (US) LLC: Regulatory assets under management: $68,054,071,000 in the October 2021 data and $270,850,554,473 in the October 2026 data, up 298%. Total employees: 275 in October 2021 and 609 in October 2026. Assets under management move with markets as well as with clients coming and going.

What types of clients does KKR Credit Advisors (US) LLC serve?

By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (167); insurance companies (21); pension and profit sharing plans (but not the plan participants or government pension plans) (6).

Which custodians does KKR Credit Advisors (US) LLC use?

KKR Credit Advisors (US) LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists The Bank of New York Mellon Trust Company, N.A. and U.S. Bank National Association as custodians holding 10% or more of its separately managed account assets.

Does KKR Credit Advisors (US) LLC report any disciplinary disclosures?

Reports 7 disclosure items on Form ADV Item 11: yes answers to 7 questions about regulatory matters (11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.D(5), 11.E(2)). 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/146629

What changed in KKR Credit Advisors (US) LLC's recent Form ADV filings?

In the April 2026 filing data: Its Item 11 disclosure answers changed. Employees performing advisory functions went from 171 to 181. Regulatory assets under management went from $230,098,900,372 to $270,850,554,473 (+18%). Added an office in Boston, MA. Added an office in Brighton, MA. Added an office in Los Angeles, CA. Registered or notice-filed in MA.

From the Form ADV filing

Every figure below is as the firm filed it with regulators, as of October 2026.

How the firm is compensated

Item 5.E
  • A percentage of assets under your management
  • Performance-based fees
  • Other

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Fees and minimums

Form ADV Part 2A

See the firm's brochure (dated March 31, 2026) for its fees and any account minimum, on the SEC's IAPD site.

Regulatory assets under management

Item 5.F
$270,850,554,473

$270,850,554,473 as of October 2026, filing dated September 25, 2026.

Discretionary: $270,850,554,473.Non-discretionary: $0.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

Who the firm serves

Item 5.D
Individuals (other than high net worth individuals)
Clients 0 Assets Not reported
High net worth individuals
Clients 0 Assets Not reported
Banking or thrift institutions
Clients 0 Assets Not reported
Investment companies
Clients 5 Assets $1,851,046,189 (1%)
Business development companies
Clients 0 Assets Not reported
Pooled investment vehicles (other than investment companies and business development companies)
Clients 167 Assets $93,193,800,434 (34%)
Pension and profit sharing plans (but not the plan participants or government pension plans)
Clients 6 Assets $3,454,036,976 (1%)
Charitable organizations
Clients 0 Assets Not reported
State or municipal government entities (including government pension plans)
Clients 5 Assets $984,674,066 (0%)
Other investment advisers
Clients 0 Assets Not reported
Insurance companies
Clients 21 Assets $171,366,996,808 (63%)
Sovereign wealth funds and foreign official institutions
Clients 0 Assets Not reported
Corporations or other businesses not listed above
Clients 0 Assets Not reported

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

Advisory services

Item 5.G
  • 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
  • Publication of periodicals or newsletters

Registration and firm details

Items 1, 2, 5
Also doing business as
KKR CREDIT ADVISORS (IRELAND) UNLIMITED COMPANY (RELYING ADVISER)
Registration
SEC-registered investment adviser. Status as filed: Approved.
Registered since
2008 (17 years)
Employees
Total: 609. Performing investment advisory functions: 181.
Wrap fee program participation
No.
Custodians (Schedule D, Section 5.K(3))

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.

Other offices (Schedule D, Section 1.F)
10 other offices, as of the October 2026 filing
Boston, MABrighton, MADallas, TXDublinHong KongLondonLos Angeles, CAMenlo Park, CANew York, NYSingapore
States registered or notice-filed
2 states or jurisdictions
CAMA

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

7 Reports 7 disclosure items on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

  • 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.D(2) Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
  • 11.D(4) In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
  • 11.D(5) Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's 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. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Assets and staff over time

Items 5.A, 5.F
$68.1B 2021 $174B 2022 $176B 2023 $205B 2024 $230B 2025 $271B 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$270,850,554,473609September 25, 2026
October 2025$230,098,900,372581March 31, 2025
October 2024$205,116,297,686470August 28, 2024
October 2023$176,015,975,844470May 15, 2023
October 2022$174,332,763,000378May 3, 2022
October 2021$68,054,071,000275July 26, 2021

Regulatory assets under management: $68,054,071,000 in the October 2021 data and $270,850,554,473 in the October 2026 data, up 298%.

Total employees: 275 in October 2021 and 609 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

Changes in the filing

Last 12 months
  1. April 2026
    • Its Item 11 disclosure answers changed.
    • Employees performing advisory functions went from 171 to 181.
    • Regulatory assets under management went from $230,098,900,372 to $270,850,554,473 (+18%).
    • Added an office in Boston, MA.
    • Added an office in Brighton, MA.
    • Added an office in Los Angeles, CA.
    • Registered or notice-filed in MA.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.

Websites listed on Form ADV

Item 1.I
fskkrcapitalcorp.comkjrm.co.jp/english/index.htmlkkcaustralia.com.aukkr.comkkr.com/wealthkkrfunds.comkkrgcof.com.aukkrkitaud.com.aukseries.kkr.com/kabf

Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."

Cite this page

AdvisorCensus. KKR Credit Advisors (US) LLC (CRD 146629): Form ADV filing data as of October 2026.
https://advisorcensus.com/firm/kkr-credit-advisors-us-llc-san-francisco-ca-146629