# 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.

- CRD: 146629
- Filed as: KKR CREDIT ADVISORS (US) LLC
- Also doing business as: KKR CREDIT ADVISORS (IRELAND) UNLIMITED COMPANY (RELYING ADVISER)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: September 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/146629
- AdvisorCensus page: https://advisorcensus.com/firm/kkr-credit-advisors-us-llc-san-francisco-ca-146629

## Quick answers

**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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- The Bank of New York Mellon Trust Company, N.A.
- U.S. Bank National Association

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.

### Regulatory assets under management (Item 5.F)
- Total: $270,850,554,473
- Discretionary: $270,850,554,473
- Non-discretionary: $0

### Clients (Item 5.D)

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

### 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

### Firm details
- Registered since: 2008 (17 years)
- Employees: 609 total, 181 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, MA
- Disclosures (Item 11): Reports 7 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.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. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/146629

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Boston, MA
- Brighton, MA
- Dallas, TX
- Dublin
- Hong Kong
- London
- Los Angeles, CA
- Menlo Park, CA
- New York, NY
- Singapore

### Websites listed on Form ADV (Item 1.I)
- fskkrcapitalcorp.com
- kjrm.co.jp/english/index.html
- kkcaustralia.com.au
- kkr.com
- kkr.com/wealth
- kkrfunds.com
- kkrgcof.com.au
- kkrkitaud.com.au
- kseries.kkr.com/kabf
- LinkedIn @KKR
- X @KKR_CO
- YouTube @kohlbergkravisroberts

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $68,054,071,000 | 275 | July 26, 2021 |
| October 2022 | $174,332,763,000 | 378 | May 3, 2022 |
| October 2023 | $176,015,975,844 | 470 | May 15, 2023 |
| October 2024 | $205,116,297,686 | 470 | August 28, 2024 |
| October 2025 | $230,098,900,372 | 581 | March 31, 2025 |
| October 2026 | $270,850,554,473 | 609 | September 25, 2026 |

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.

## Changes in the filing (last 12 months)

### 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. KKR Credit Advisors (US) LLC (CRD 146629): Form ADV filing data as of October 2026.