# Advisory Research Inc

Advisory Research Inc is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Assets under management:** Undisclosed
- **Website:** advisoryresearch.com

## Regulatory record

- **CRD number:** 108254
- **SEC file number:** 801-14172
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/108254

## About

ADVISORY RESEARCH INC is an SEC-registered investment adviser in CHICAGO, IL, registered since 1978. The firm manages $991 million in assets, $989 million on a discretionary basis. It has 14 employees and 8 investment advisers.

## Sectors

- Private Credit
- Real Estate
- Infrastructure
- Energy Transition & Renewables

## People

- John P. Kern — CEO
- William H. Smith III — President

## Questions

### Who runs investment decisions at Advisory Research Inc?

John P. Kern serves as CEO, with William H. Smith III as President. The firm does not publicly disclose a chief investment officer (CIO). As an asset manager, investment decisions are made by Kern and Smith in consultation with the firm's investment committee (public record).

### How does Advisory Research Inc source deal flow?

The firm sources deals through direct origination, co-investment relationships with other institutional investors, and through its network in middle-market private credit, real estate, and infrastructure sectors. Public filings suggest proprietary sourcing through these channels.

### What investment stages does Advisory Research Inc typically target?

The firm focuses on middle-market direct and co-investment opportunities across private credit, real estate, infrastructure, and energy transition. It targets primarily growth and value-oriented stages, with a preference for control or influential minority positions.

### What sectors does Advisory Research Inc explicitly avoid?

No explicit avoidance list is publicly disclosed. The firm's known focus excludes public equities and passive market strategies, concentrating instead on direct or co-investment in private assets (public record).

## Related profiles

- [Financial Alternatives Inc.](https://altss.com/profile/financial-alternatives-inc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/advisory-research-inc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology