# OFS Capital Management, LLC > OFS Capital Management, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2010, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026. - CRD: 153533 - Filed as: OFS CAPITAL MANAGEMENT, LLC - Registration: SEC-registered investment adviser (status as filed: Approved) - Location: Chicago, IL - Filing period: October 2026 - Form ADV filing dated: March 31, 2026 - SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/153533 - AdvisorCensus page: https://advisorcensus.com/firm/ofs-capital-management-llc-chicago-il-153533 ## Quick answers **How is OFS Capital Management, LLC compensated?** On its Form ADV (Item 5.E, October 2026), OFS Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure. **Where is OFS Capital Management, LLC located?** OFS Capital Management, LLC's principal office is in Chicago, IL, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F). **Is OFS Capital Management, LLC registered with the SEC or a state?** OFS Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 153533. **How much does OFS Capital Management, LLC manage?** OFS Capital Management, LLC reports $1,759,962,977 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary). **How have OFS Capital Management, LLC's assets and staff changed since 2021?** In the Form ADV data for OFS Capital Management, LLC: Regulatory assets under management: $1,288,827,597 in the October 2021 data and $1,759,962,977 in the October 2026 data, up 37%. Total employees: 48 in October 2021 and 47 in October 2026. Assets under management move with markets as well as with clients coming and going. **What types of clients does OFS Capital Management, LLC serve?** By number of clients on Form ADV Item 5.D: investment companies (2); business development companies (2); pooled investment vehicles (other than investment companies and business development companies) (2). **Which custodians does OFS Capital Management, LLC use?** OFS Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists U.S. Bank Global Corporate Trust Services as a custodian holding 10% or more of its separately managed account assets. **Does OFS Capital Management, LLC 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/153533 **What changed in OFS Capital Management, LLC's recent Form ADV filings?** In the April 2026 filing data: 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 ### Custodians (Schedule D, Section 5.K(3)) - U.S. Bank Global Corporate Trust Services 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: $1,759,962,977 - Discretionary: $1,759,962,977 - 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 | 2 | $568,221,091 | | Business development companies | 2 | $377,119,791 | | Pooled investment vehicles (other than investment companies and business development companies) | 2 | $792,223,037 | | Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported | | Charitable organizations | 0 | Not reported | | State or municipal government entities (including government pension plans) | 0 | Not reported | | Other investment advisers | 0 | Not reported | | Insurance companies | 0 | Not reported | | Sovereign wealth funds and foreign official institutions | 0 | Not reported | | Corporations or other businesses not listed above | 0 | Not reported | | Other | Fewer than 5 | $22,399,058 | ### 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 ### Firm details - Registered since: 2010 (16 years) - Employees: 47 total, 23 performing advisory functions - Wrap fee program participation: No - States registered or notice-filed: CA, IL, NY - Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11. ### Other offices (Schedule D, Section 1.F), as of the April 2026 filing - Los Angeles, CA - New York, NY ### Websites listed on Form ADV (Item 1.I) - ofsmanagement.com - LinkedIn @OFS-CAPITAL-CORPORATION ## Assets and staff over time | Data period | Regulatory assets under management | Employees | Filing dated | | --- | --- | --- | --- | | October 2021 | $1,288,827,597 | 48 | March 31, 2021 | | October 2022 | $1,748,424,375 | 50 | March 31, 2022 | | October 2023 | $2,483,876,115 | 50 | April 4, 2023 | | October 2024 | $2,502,172,065 | 53 | March 29, 2024 | | October 2025 | $1,923,070,129 | 50 | May 15, 2025 | | October 2026 | $1,759,962,977 | 47 | March 31, 2026 | Regulatory assets under management: $1,288,827,597 in the October 2021 data and $1,759,962,977 in the October 2026 data, up 37%. Total employees: 48 in October 2021 and 47 in October 2026. ## Changes in the filing (last 12 months) ### April 2026 - Updated its list of owners and control persons (Schedule A). ## Source Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. OFS Capital Management, LLC (CRD 153533): Form ADV filing data as of October 2026.