Ls Bdc Adviser, LLC

LS BDC Adviser, LLC, established on February 19, 2021, is a registered investment adviser specializing in portfolio management and investment advisory services for business development companies and privately managed funds. The firm primarily invests in first and second lien loans, subordinated and mezzanine loans, and equity securities. LS Adviser tailors its services to meet the specific investment objectives and restrictions outlined in the offering documents for each fund. The firm manages approximately $874.7 million in assets under management as of December 31, 2024. LS Adviser charges management fees ranging from 0.75% to 1.50% based on invested capital and gross assets. Performance-based fees may also apply. The firm acts as a fiduciary, providing investment discretion for the funds it manages. Clients include institutions, trusts, pension plans, and high net worth individuals. The firm has no disciplinary history and maintains a Code of Ethics to ensure compliance with securities laws and promote fair business conduct. LS Adviser does not receive compensation for client referrals and maintains custody of client assets through qualified custodians. The firm reviews client accounts quarterly and provides regular financial reporting to clients. LS Adviser exercises voting discretion for client securities in the best interests of clients, following a conflict of interest analysis when necessary. The firm does not vote proxies for separately managed accounts unless in rare instances.