# Prospect Credit Reit Advisor, LLC

> Prospect Credit Reit Advisor, LLC is an SEC-registered investment advisory firm in West Palm Beach, FL, registered since 2024, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 331345
- Filed as: PROSPECT CREDIT REIT ADVISOR, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: West Palm Beach, FL
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/331345
- AdvisorCensus page: https://advisorcensus.com/firm/prospect-credit-reit-advisor-llc-west-palm-beach-fl-331345

## Quick answers

**How is Prospect Credit Reit Advisor, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Prospect Credit Reit Advisor, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Prospect Credit Reit Advisor, LLC located?**
Prospect Credit Reit Advisor, LLC's principal office is in West Palm Beach, FL, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Prospect Credit Reit Advisor, LLC registered with the SEC or a state?**
Prospect Credit Reit Advisor, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 331345.

**How much does Prospect Credit Reit Advisor, LLC manage?**
Prospect Credit Reit Advisor, LLC reports $42,558,526 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Prospect Credit Reit Advisor, LLC's assets and staff changed since 2024?**
In the Form ADV data for Prospect Credit Reit Advisor, LLC: Regulatory assets under management: $3,004,621 in the October 2025 data and $42,558,526 in the October 2026 data, up 1316%. Total employees: 124 in October 2024 and 59 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Prospect Credit Reit Advisor, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Prospect Credit Reit Advisor, 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/331345

**What changed in Prospect Credit Reit Advisor, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $3,004,621 to $42,558,526 (+1316%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $42,558,526
- Discretionary: $42,558,526
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $42,558,526 |

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

### Firm details
- Registered since: 2024 (2 years)
- Employees: 59 total, 9 performing advisory functions
- Wrap fee program participation: No
- 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
- Darien, CT
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- pcredreit.com
- prospectcap.com
- LinkedIn @prospect-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | Not reported | 124 | April 29, 2024 |
| October 2025 | $3,004,621 | 29 | March 31, 2025 |
| October 2026 | $42,558,526 | 59 | March 25, 2026 |

Regulatory assets under management: $3,004,621 in the October 2025 data and $42,558,526 in the October 2026 data, up 1316%.
Total employees: 124 in October 2024 and 59 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $3,004,621 to $42,558,526 (+1316%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Prospect Credit Reit Advisor, LLC (CRD 331345): Form ADV filing data as of October 2026.