# SPP Credit Advisors LLC

> SPP Credit Advisors LLC is an SEC-registered investment advisory firm, registered since 2021, reporting under $25 million in regulatory assets under management in its Form ADV filing dated August 28, 2026.

- CRD: 314442
- Filed as: SPP CREDIT ADVISORS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: August 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/314442
- AdvisorCensus page: https://advisorcensus.com/firm/spp-credit-advisors-llc-314442

## Quick answers

**How is SPP Credit Advisors LLC compensated?**
On its Form ADV (Item 5.E, October 2026), SPP Credit Advisors LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Is SPP Credit Advisors LLC registered with the SEC or a state?**
SPP Credit Advisors LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314442.

**How much does SPP Credit Advisors LLC manage?**
SPP Credit Advisors LLC reports $15,396,879 in regulatory assets under management in its Form ADV filing dated August 28, 2026 (100% discretionary).

**How have SPP Credit Advisors LLC's assets and staff changed since 2021?**
In the Form ADV data for SPP Credit Advisors LLC: Regulatory assets under management: $70,351,000 in the October 2021 data and $15,396,879 in the October 2026 data, down 78%. Total employees: 6 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**Does SPP Credit Advisors 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/314442

**What changed in SPP Credit Advisors LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $34,473,384 to $15,396,879 (-55%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $15,396,879
- Discretionary: $15,396,879
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Insurance companies | Fewer than 5 | $15,396,879 |

### Advisory services (Item 5.G)
- 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: 2021 (5 years)
- Employees: 7 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- sppcreditpartners.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $70,351,000 | 6 | May 24, 2021 |
| October 2022 | $90,850,937 | 6 | March 25, 2022 |
| October 2023 | $108,918,276 | 7 | August 25, 2023 |
| October 2024 | $100,961,631 | 7 | March 29, 2024 |
| October 2025 | $34,473,384 | 7 | March 26, 2025 |
| October 2026 | $15,396,879 | 7 | August 28, 2026 |

Regulatory assets under management: $70,351,000 in the October 2021 data and $15,396,879 in the October 2026 data, down 78%.
Total employees: 6 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $34,473,384 to $15,396,879 (-55%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SPP Credit Advisors LLC (CRD 314442): Form ADV filing data as of October 2026.