DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Fs Specialty Lending Advisor, LLC
Latest filing Jun 10, 2026
First filing on the tape Mar 9, 2018 · 22 filings
SEC status approved since Apr 2, 2018
RAUM
$1.9B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
177
30 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$1.9B as of Jun 10, 2026
Mar 28, 2019$3.9B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 10, 2026
Mar 28, 20190 then
Employees (5.A)177 as of Jun 10, 2026
Mar 28, 2019101 then
Private funds: no history
RAUM -15% over the last fiscal year-12% a year over threeIARs 0 to 0offices 3 to 1
Practice profile
derived from the filing of Jun 10, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $1.9BderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -15%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for investment companiesreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$1.9B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 1reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=14.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Philip Browne · Managing Director, Finance And Administrationcontrolsince 03/2018 · owns less than 5%
- Robert Marc Bryant · Chief Legal Officercontrolsince 05/2019 · owns less than 5%
- Camilla Elizabeth Detwiler · Managing Director, Ccocontrolsince 03/2018 · owns less than 5%
- Craig Michael Forman · Chief Executive Officercontrolsince 03/2018 · owns less than 5%
- Stephen Sypherd · General Counselcontrolsince 03/2018 · owns less than 5%
- Jason David Adelman · Membercontrolsince 05/2007 · owns 50% to 75% of Franklin Square Holdings, G.P., LLC
- Craig Michael Forman · Managing Membercontrolsince 05/2007 · owns 50% to 75% of Franklin Square Holdings, G.P., LLC
- Craig Michael Forman · Limited Partnercontrolsince 08/2005 · owns 75% or more of Fb Capital Partners, L.P.
- Craig Michael Forman · Sole Membercontrolsince 02/2007 · owns 75% or more of Fb Capital Management, LLC
- Blair Robert Thomas · Trusteecontrolsince 11/2010 · owns F of The R. Blair Thomas 2010 Irrevocable Trust
- Scott Randall Wade · Member (Through The Randall Wade 2010 Irrevocable Trust And The Kristina Wade 2010 Irrevocable Trust, Randall Wade As Trustee)controlsince 11/2010 · owns 25% to 50% of Eig Global Energy Partners, LLC
- Thomas Stephen Nelb · Derivatives Risk Managersince 01/2022 · owns less than 5%
- Jay Michael Heller · Trustee, The 2011 Forman Investment Trustsince 01/2012 · owns F of The 2011 Forman Investment Trust
Entity owners
- Eig Asset Management, LLC · Sole Memberdirect · owns 25% to 50%
- Fs Investment Advisor, LLC · Memberdirect · owns 75% or more
- Eig Global Energy Partners, LLC · Memberindirect · owns 75% or more of Eig Asset Management, LLC
- Fb Capital Management, LLC · General Partnerindirect · owns F of Fb Capital Partners, L.P.
- Fb Capital Partners, L.P. · Memberindirect · owns 25% to 50% of Fsh Nci Aggregator, LLC
- Franklin Square Holdings, G.P., LLC · General Partnerindirect · owns F of Franklin Square Holdings, L.P.
- Franklin Square Holdings, L.P. · Memberindirect · owns 50% to 75% of Fsjv Holdco, LLC
- Franklin Square Holdings, L.P. · Member, Class Cindirect · owns 75% or more of Fs Investment Advisor, LLC
- Franklin Square Holdings, L.P. · Memberindirect · owns 75% or more of Fsh Advisor Fee Holdings LLC
- Franklin Square Holdings, L.P. · Memberindirect · owns F of Fsh Holdco, LLC
- Fsh Advisor Fee Holdings LLC · Memberindirect · owns F of Fsjv Holdco, LLC
- Fsh Nci Aggregator, LLC · Limited Partnerindirect · owns 25% to 50% of Franklin Square Holdings, L.P.
- Fsjv Holdco, LLC · Memberindirect · owns 75% or more of Fs Investment Advisor, LLC
- The 2011 Forman Investment Trust · Member, Class Aindirect · owns 25% to 50% of Fs Investment Advisor, LLC
- The R. Blair Thomas 2010 Irrevocable Trust · Memberindirect · owns 50% to 75% of Eig Global Energy Partners, LLC
- Fsh Holdco Sub, LLC · Memberindirect · owns F of Fsjv Holdco, LLC
- Fsh Holdco, LLC · Memberindirect · owns 75% or more of Fsh Holdco Sub, LLC
Related persons
Schedule D 7.A
- Asia Select Management Limitedpooled vehicle sponsorn
- Breakwater Energy Gp, LLCbankpooled vehicle sponsorn
- Chiron Investment Management, LLCinvestment adviserbanknRAUM $440M
- Eig Andes Holdings Gp, LLCbankpooled vehicle sponsorn
- Eig Asset Management, LLCinvestment adviserbankpooled vehicle sponsory
- Eig Atacama Holdings (Cayman) Gp, Ltdbankpooled vehicle sponsorn
- Eig Bandelier Partners Gp, LLCbankpooled vehicle sponsorn
- Eig Btb Co-Investment Gp. Ltdbankpooled vehicle sponsorn
- Eig Condor Co-Investment Gp, LLCbankpooled vehicle sponsorn
- Eig Credit Management Company, LLCinvestment adviserbankpooled vehicle sponsornRAUM $1.0B
- Eig Direwolf Gp, LLCbankpooled vehicle sponsorn
- Eig Energy Fund Xiv, Gp LLCbankpooled vehicle sponsorn
- Eig Energy Fund Xv Gp, LLCbankpooled vehicle sponsorn
- Eig Energy Fund Xvi Gp, LLCbankpooled vehicle sponsorn
- Eig Energy Fund Xvi Scotland Gp, LPpooled vehicle sponsorn
- Eig Energy Fund Xvii Gp, LLCbankpooled vehicle sponsorn
- Eig Energy Fund Xvii Scotland Gp, LPpooled vehicle sponsorn
- Eig Energy Investors Xv (Scotland), Ltd.bankpooled vehicle sponsorn
- Eig Etf Gp S.A.R.L.bankpooled vehicle sponsorn
- Eig Etf Slp (Scotland) Gp, Llppooled vehicle sponsorn
- Eig Etf Slp Gp, LLCpooled vehicle sponsorn
- Eig Fund Xviii Gp, LLCbankpooled vehicle sponsorn
- Eig Funds Management, LLCbankpooled vehicle sponsorn
- Eig Global Energy (Asia) Ltd.investment advisern
- Eig Global Energy (Australia) Pty. Ltd.investment advisern
- Eig Global Energy (Brasil) Representacoes Ltda.investment advisern
- Eig Global Energy (Europe) Limitedinvestment advisern
- Eig Global Energy Korea, Ltd.investment adviserpooled vehicle sponsorn
- Eig Global Energy Partners Capital Markets, LLCbroker-dealern
- Eig Global Private Debt Fund Gp, LLCbankpooled vehicle sponsorn
Advisers that list Fs Specialty Lending Advisor, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
- New York, NY14 employees
- Houston, TX2 employees
- Washington, DC2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- office count dropChange between filings · filing Mar 30, 2026offices other than the principal office (Item 1.F.5) moved from 3.0 to 1.0 (-67.0%) between the annual amendments of 2025-03-28 and 2026-03-30; the peer median change was 0.0% (139 comparable advisers, 3.0th percentile of changes)peers: asset managers, $1B to $5B (139) · 2.9% percentile
What changed
consecutive filings, newest first
- Advisory employees · 26 to 30Jan 13, 2026 to Mar 30, 2026
- BD registered reps · 16 to 14Jan 13, 2026 to Mar 30, 2026
- Employees · 145 to 177Jan 13, 2026 to Mar 30, 2026
- Discretionary RAUM · $2.3B to $1.9BJan 13, 2026 to Mar 30, 2026
- RAUM · $2.3B to $1.9BJan 13, 2026 to Mar 30, 2026
- Advisory employees · 30 to 26Mar 28, 2025 to Oct 29, 2025
- BD registered reps · 20 to 16Mar 28, 2025 to Oct 29, 2025
- Business name · FS/EIG ADVISOR, LLC to FS SPECIALTY LENDING ADVISOR, LLCMar 28, 2025 to Oct 29, 2025
- Employees · 164 to 145Mar 28, 2025 to Oct 29, 2025
- Legal name · FS/EIG ADVISOR, LLC to FS SPECIALTY LENDING ADVISOR, LLCMar 28, 2025 to Oct 29, 2025
- Other offices · 3 to 1Mar 28, 2025 to Oct 29, 2025
- Advisory employees · 20 to 30May 3, 2024 to Mar 28, 2025
- BD registered reps · 16 to 20May 3, 2024 to Mar 28, 2025
- Employees · 131 to 164May 3, 2024 to Mar 28, 2025
- Financial planning clients · unset to May 3, 2024 to Mar 28, 2025
- Discretionary RAUM · $2.2B to $2.3BMay 3, 2024 to Mar 28, 2025
- RAUM · $2.2B to $2.3BMay 3, 2024 to Mar 28, 2025
- Advisory employees · 15 to 20Jul 27, 2023 to Mar 27, 2024
- BD registered reps · 17 to 16Jul 27, 2023 to Mar 27, 2024
- Employees · 136 to 131Jul 27, 2023 to Mar 27, 2024
- Discretionary RAUM · $2.8B to $2.2BJul 27, 2023 to Mar 27, 2024
- RAUM · $2.8B to $2.2BJul 27, 2023 to Mar 27, 2024
- Advisory employees · 20 to 15Mar 28, 2022 to Mar 23, 2023
- BD registered reps · 21 to 17Mar 28, 2022 to Mar 23, 2023
- Discretionary RAUM · $2.8B to $2.8BMar 28, 2022 to Mar 23, 2023
- RAUM · $2.8B to $2.8BMar 28, 2022 to Mar 23, 2023
- Advisory employees · 15 to 20Jun 28, 2021 to Mar 28, 2022
- BD registered reps · 14 to 21Jun 28, 2021 to Mar 28, 2022
- Employees · 127 to 136Jun 28, 2021 to Mar 28, 2022
- Discretionary RAUM · $2.4B to $2.8BJun 28, 2021 to Mar 28, 2022
- RAUM · $2.4B to $2.8BJun 28, 2021 to Mar 28, 2022
- Advisory employees · 26 to 15Mar 30, 2020 to Mar 30, 2021
- BD registered reps · 18 to 14Mar 30, 2020 to Mar 30, 2021
- Employees · 141 to 127Mar 30, 2020 to Mar 30, 2021
- Discretionary RAUM · $3.7B to $2.4BMar 30, 2020 to Mar 30, 2021
- RAUM · $3.7B to $2.4BMar 30, 2020 to Mar 30, 2021
- BD registered reps · 15 to 18Sep 26, 2019 to Mar 30, 2020
- Employees · 101 to 141Sep 26, 2019 to Mar 30, 2020
- Other offices · 4 to 3Sep 26, 2019 to Mar 30, 2020
- Discretionary RAUM · $3.9B to $3.7BSep 26, 2019 to Mar 30, 2020
Signals
10 dated events
- Eric Thomas Long (President) no longer on Schedule A of Fs Specialty Lending Advisor, Llc (listed 2024-04-30, absent 2024-05-03)May 3, 2024 · Control person left · inference
- Gardiner Philip Browne (Managing Director, Finance And Administration) no longer on Schedule A of Fs Specialty Lending Advisor, Llc (listed 2021-03-30, absent 2021-06-28)Jun 28, 2021 · Control person left · inference
- Philip Browne (Managing Director, Finance And Administration) appeared on Schedule A of Fs Specialty Lending Advisor, LlcJun 28, 2021 · Control person joined · fact
- Fs Specialty Lending Advisor, Llc reported RAUM $2.4B, down 36% from $3.7B (2020-03-30 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- Elizabeth Cori Daggett (Executive Director, Dcco) no longer on Schedule A of Fs Specialty Lending Advisor, Llc (listed 2019-09-26, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- Robert Marc Bryant (Chief Legal Officer) appeared on Schedule A of Fs Specialty Lending Advisor, LlcMar 30, 2020 · Control person joined · fact
- Eric Thomas Long (President) appeared on Schedule A of Fs Specialty Lending Advisor, LlcSep 26, 2019 · Control person joined · fact
- Charles William Sonneborn (President) no longer on Schedule A of Fs Specialty Lending Advisor, Llc (listed 2019-06-11, absent 2019-07-02)Jul 2, 2019 · Control person left · inference
- Stephen Sypherd (Chief Legal Officer) appeared on Schedule A of Fs Specialty Lending Advisor, LlcJun 11, 2019 · Control person joined · fact
- Fs/Eig Advisor, Llc filed its initial SEC registration (Form ADV)Mar 9, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/futurestandardfsreportedpublic record, Form ADV, Sep 17, 2026
- Firm profile
- linkedin.com/company/portfolio-advisorsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- fscreit.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 215-220-6651reportedpublic record, Form ADV, Jun 10, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026