Fs Global Advisor, Llc
- Regulatory AUM
- $3.0B
- Discretionary
- $2.8B
- Clients
- 8
- Avg AUM / client
- $377M
- Accounts
- 8
- Employees
- 184
AUM over time
Annual snapshots from Form ADV filings · as of Jun 10, 2026
Asset allocation (SMA assets by investment type)
as of Jun 10, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $2.2B | 71.7% |
| Pooled investment vehicles (non-investment companies) | 3 | $652M | 21.6% |
| Other | 4 | $202M | 6.7% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $285M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Pa Senior Credit Opportunities Fund, L.P. master | Private Equity Fund | Delaware | $249M | 17 |
| Fs Senior Credit Fund Ii, Lp | Private Equity Fund | Delaware | $36.3M | 3 |
People (9)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Adelman, David, Jason | Member | May 2007 (19y) | 50% – 75% of Franklin Square Holdings, G.P., Llc (indirect) | |
| Forman, Michael, Craig | Chief Executive Officer | May 2007 (19y) | 50% – 75% of Franklin Square Holdings, G.P., Llc (indirect) | |
| Heller, Michael, Jay | Trustee | Jan 2012 (15y) | GP / trustee / elected manager of The 2011 Forman Investment Trust (indirect) | |
| Browne, Philip | Cfo | Jan 2013 (14y) | Less than 5% | |
| Sypherd, Stephen | General Counsel | Jan 2013 (14y) | Less than 5% | |
| Detwiler, Elizabeth, Camilla | Managing Director, Cco | May 2015 (11y) | Less than 5% | |
| Beckman, Andrew, D | Managing Director, Portfolio Manager | Apr 2018 (8y) | Less than 5% | |
| Mann, William, David | Dcco | Mar 2019 (7y) | Less than 5% | |
| Bryant, Marc, Robert | Chief Legal Officer | May 2019 (7y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Fsjv Holdco Llc | Member | Jun 2023 | A | 75% or more |
| Fsh Advisor Fee Holdings, Llc | Member | Jun 2023 | A | 10% – 25% |
| Franklin Square Holdings, L.P. | Member | Jun 2023 | B | ≈ 7.5% – 25% via Fsh Advisor Fee Holdings, Llc |
| Fsh Holdco Llc | Member | Jun 2023 | B | 75% or more of Fsh Holdco Sub Llc (indirect) |
| Fsh Nci Aggregator, Llc | Limited Partner | Jun 2023 | B | ≈ 1.88% – 12.5% via Franklin Square Holdings, L.P. |
| The 2011 Forman Investment Trust | Member | Jun 2023 | B | ≈ 0.47% – 6.25% via Fsh Nci Aggregator, Llc |
| Fb Capital Partners, L.P. | Member | Jun 2023 | B | ≈ 0.47% – 6.25% via Fsh Nci Aggregator, Llc |
| Franklin Square Holdings, G.P., Llc | General Partner | May 2007 | B | GP / trustee / elected manager of Franklin Square Holdings, L.P. (indirect) |
| Fb Capital Management, Llc | General Partner | Jan 2013 | B | GP / trustee / elected manager of Fb Capital Partners, L.P. (indirect) |
| Fsh Advisor Fee Holdings, Llc | Member | Jun 2023 | B | GP / trustee / elected manager of Fsjv Holdco Llc (indirect) |
| Fsh Holdco Sub Llc | Member | Jun 2023 | B | GP / trustee / elected manager of Fsjv Holdco Llc (indirect) |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Franklin Square Holdings, L.P.: 75% – 100% of Fsh Advisor Fee Holdings, Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Fsh Nci Aggregator, Llc: 25% – 50% of Franklin Square Holdings, L.P. × 75% – 100% of Fsh Advisor Fee Holdings, Llc × 10% – 25% direct ≈ 1.88% – 12.5% of the firm
- The 2011 Forman Investment Trust: 25% – 50% of Fsh Nci Aggregator, Llc × 25% – 50% of Franklin Square Holdings, L.P. × 75% – 100% of Fsh Advisor Fee Holdings, Llc × 10% – 25% direct ≈ 0.47% – 6.25% of the firm
- Fb Capital Partners, L.P.: 25% – 50% of Fsh Nci Aggregator, Llc × 25% – 50% of Franklin Square Holdings, L.P. × 75% – 100% of Fsh Advisor Fee Holdings, Llc × 10% – 25% direct ≈ 0.47% – 6.25% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $285M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Pa Senior Credit Opportunities Fund, L.P. | Private Equity Fund | $249M | $5.0M | 17 |
| Fs Senior Credit Fund Ii, Lp | Private Equity Fund | $36.3M | $5.0M | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/10/2026 | 2.24 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 10, 2026.
View current Form ADV (SEC/IAPD) ↗