# SR Alternative Credit, LLC

> SR Alternative Credit, LLC is an SEC-registered investment advisory firm in Darien, CT, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 23, 2026.

- CRD: 319478
- Filed as: SR ALTERNATIVE CREDIT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Darien, CT
- Filing period: October 2026
- Form ADV filing dated: April 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/319478
- AdvisorCensus page: https://advisorcensus.com/firm/sr-alternative-credit-llc-darien-ct-319478

## Quick answers

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

**Where is SR Alternative Credit, LLC located?**
SR Alternative Credit, LLC's principal office is in Darien, CT, according to its Form ADV.

**Is SR Alternative Credit, LLC registered with the SEC or a state?**
SR Alternative Credit, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 319478.

**How much does SR Alternative Credit, LLC manage?**
SR Alternative Credit, LLC reports $247,365,391 in regulatory assets under management in its Form ADV filing dated April 23, 2026 (61% discretionary).

**How have SR Alternative Credit, LLC's assets and staff changed since 2024?**
In the Form ADV data for SR Alternative Credit, LLC: Regulatory assets under management: $185,649,932 in the October 2024 data and $247,365,391 in the October 2026 data, up 33%. Total employees: 7 in October 2024 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does SR Alternative Credit, LLC serve?**
By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (13); pooled investment vehicles (other than investment companies and business development companies) (4).

**Does SR Alternative Credit, 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/319478

**What changed in SR Alternative Credit, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 6 to 8. Regulatory assets under management went from $214,901,379 to $247,365,391 (+15%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $247,365,391
- Discretionary: $150,178,690
- Non-discretionary: $97,186,701

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $150,178,690 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 13 | $97,186,701 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2024 (2 years)
- Employees: 9 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- sraltcredit.com
- LinkedIn @sr-alternative-credit

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $185,649,932 | 7 | August 7, 2024 |
| October 2025 | $214,901,379 | 7 | May 9, 2025 |
| October 2026 | $247,365,391 | 9 | April 23, 2026 |

Regulatory assets under management: $185,649,932 in the October 2024 data and $247,365,391 in the October 2026 data, up 33%.
Total employees: 7 in October 2024 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 6 to 8.
- Regulatory assets under management went from $214,901,379 to $247,365,391 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SR Alternative Credit, LLC (CRD 319478): Form ADV filing data as of October 2026.