# River Street Advisors

River Street Advisors is an Asset Manager based in Aurora, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Aurora, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** riverstreetadvisors.com

## Regulatory record

- **CRD number:** 153537
- **SEC file number:** 801-119750
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/153537

## About

RIVER STREET ADVISORS, LLC is an SEC-registered investment adviser in AURORA, IL, registered since 2020. The firm manages $539 million in assets, with $521 million on a discretionary basis. It has 12 employees and 9 investment advisers.

## Sectors

- Credit
- Fixed Income

## Offices

- Stamford, CT, United States

## People

- Francis B. McGrail — Managing Partner & Chief Investment Officer

## Questions

### Who runs investment decisions at River Street Advisors?

Francis McGrail serves as Managing Partner and CIO, holding ultimate decision-making authority over all portfolio mandates. His 16-year tenure at PIMCO, where he helped manage institutional corporate credit portfolios, established the investment philosophy that underpins the firm. There is no investment committee, and McGrail personally approves the credit selection and sector allocation for every client mandate.

### Does River Street run commingled funds or separate accounts?

River Street operates exclusively through separate account mandates tailored to each client's liability profile, duration constraints, and regulatory requirements. It does not offer a daily-liquid mutual fund or a closed-end commingled vehicle, which means allocators receive a bespoke portfolio rather than a slice of a pooled vehicle. This architecture is unusual for a credit manager of its scale and keeps reported asset numbers private.

### What types of institutions does River Street serve?

The client base includes insurance companies, public pension funds, and sub-advisory relationships with other asset managers. Insurance general accounts are a natural fit given McGrail's background in liability-aware portfolio construction. The firm does not operate a retail share class or a defined contribution platform.

### What is River Street's posture on CLOs or structured credit?

While the firm's primary expertise is in corporate credit — both investment-grade and high-yield — its mandate documents permit allocations to structured credit when dislocations create value relative to corporate bonds of equivalent rating. River Street does not operate as a CLO manager or have a dedicated structured products group, and its involvement is opportunistic rather than programmatic.

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- [Naples Money Management](https://altss.com/profile/naples-money-management-llc)
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Last updated: 2026-06-03T20:00:00.000Z

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