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LS BDC ADVISER, LLC
LS BDC ADVISER, LLC — the external investment adviser for LS BDC, a publicly traded business development company focusing on middle-market credit.
LS BDC ADVISER, LLC
LS BDC ADVISER, LLC is the registered investment adviser for LS BDC, a publicly traded business development company that invests primarily in middle-market debt and equity securities. The adviser structure follows the typical BDC model where a management firm earns base management fees plus incentive fees on investment performance. The firm focuses on direct lending and credit-oriented transactions, targeting companies with EBITDA typically between $10 million and $100 million. Investment strategies include senior secured loans, unitranche facilities, and preferred equity positions across diversified industries. No public records indicate the number of professionals or total assets under management for LS BDC ADVISER, LLC. The BDC itself trades publicly and reports financials through SEC filings, but the adviser entity maintains limited public-facing information. LS BDC ADVISER, LLC operates within the established BDC regulatory framework, providing investment management services under the Investment Company Act of 1940. The adviser's revenue model depends on assets under management and incentive fees tied to portfolio performance.
General information
Firm type
RIA
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
—
Corporate office
United States
Frequently asked questions
What role does LS BDC ADVISER, LLC play in the LS BDC structure?
LS BDC ADVISER, LLC acts as the external investment adviser for LS BDC. Like many business development companies, the fund contracts with an external adviser to manage portfolio investments and operations. The adviser earns base management fees calculated on gross assets plus incentive fees based on investment performance (per LS BDC filings).
What types of investments does LS BDC ADVISER, LLC typically make?
The adviser focuses on middle-market direct lending, including senior secured loans, unitranche facilities, and preferred equity positions. Target companies typically have EBITDA between $10 million and $100 million. The portfolio spans diversified industries with emphasis on defensive sectors (per LS BDC public disclosures).
Is LS BDC ADVISER, LLC a registered investment adviser?
Yes, LS BDC ADVISER, LLC is a registered investment adviser under the Investment Advisers Act of 1940. The firm is subject to SEC oversight and periodic filing requirements. Registration does not imply any level of skill or training (per SEC IARD system).
How does the adviser compensation structure work?
LS BDC ADVISER, LLC earns a base management fee calculated as a percentage of the BDC's gross assets, typically on a quarterly basis. Additionally, the adviser may earn an incentive fee based on the fund achieving certain investment returns above a hurdle rate. This structure aligns with standard BDC adviser economics (per regulated investment company filings).
What is the geographic focus of LS BDC ADVISER, LLC?
The adviser primarily focuses on United States-based companies. Middle-market direct lending typically covers companies headquartered in North America. No public information suggests international investment exposure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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