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LS BDC ADVISER, LLC
CRD 313799File 801-121065
APPROVED
Custody
Filing as of Jun 2, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$1.04B
Above cohort median (national)
Discretionary AUM
$1.04B
Clients
1
2 accounts
Employees
35
Above cohort median in FL
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- MIRO
- Registration date
- Apr 30, 2021
- Principal office
- 175 SW 7TH STREET, UNIT 2307, MIAMI, FL, 33130
- Phone
- 786-598-2089
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $1.04B
- Discretionary AUM
- $1.04B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 2
- Non-discretionary accounts
- 0
- Total accounts
- 2
- AUM per client
- $1.04B
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Business development companies | 1 | $1.02B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Other advisory activities
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Jul 1, 2026 | Clients | 2 | 1 | decreased by1 |
| Jul 1, 2026 | AUM | $1,137,459,251 | $1,040,209,513 | decreased by$97,249,738 |
| Jul 1, 2026 | Accounts | 3 | 2 | decreased by1 |
| Apr 1, 2026 | Employees | 41 | 35 | decreased by6 |
| Apr 1, 2026 | AUM | $967,645,707 | $1,137,459,251 | increased by$169,813,544 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 52 | 41 | decreased by11 |
| May 1, 2025 vs Oct 1, 2022 | Custody | No | Yes | |
| May 1, 2025 vs Oct 1, 2022 | Clients | 4 | 2 | decreased by2 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $67,047,200 | $967,645,707 | increased by$900,598,507 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 4 | 3 | decreased by1 |
| Sep 1, 2022 | AUM | $44,822,511 | $67,047,200 | increased by$22,224,689 |
| Sep 1, 2022 | Accounts | 5 | 4 | decreased by1 |
| Apr 1, 2022 | Employees | 23 | 52 | increased by29 |
| Apr 1, 2022 | Clients | 1 | 4 | increased by3 |
| Apr 1, 2022 | AUM | $32,697,820 | $44,822,511 | increased by$12,124,691 |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “LS BDC” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“LS BDC” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.