9AT: FS TACTICAL ADVISOR, LLC

other names

FS TACTICAL ADVISOR, LLC

SEC Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count1	GAV$294,204,506

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser BRICKELL KEY ASSET MANAGEMENT LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund130.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV130.0m	AUM130.0m	#Funds1
Adviser ARCADIUS CAPITAL PARTNERS INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund123.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV123.4m	AUM123.4m	#Funds2
Adviser ELEVAGE PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund3.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.0m	AUM147.0m	#Funds3
Adviser SCALEWORKS CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund124.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV124.7m	AUM271.1m	#Funds6
Adviser MAVEN ROYALTY MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund237.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV237.0m	AUM237.0m	#Funds3
Adviser SUMMIT HOUSE CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund101.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV101.1m	AUM381.8m	#Funds3
Adviser CITY DIFFERENT INVESTMENTS	Hedge Fund-	Liquidity Fund-	Private Equity Fund10.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund16.6m	Total Private Fund GAV27.1m	AUM265.8m	#Funds5
Adviser MGM INNOVA CAP MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund134.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV134.3m	AUM129.1m	#Funds4
Adviser GREY ROCK MANAGEMENT PARTNERS IV, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund703.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV703.3m	AUM703.4m	#Funds10
Adviser BH CREDIT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund1.2b	Venture Capital Fund-	Other Fund113.2m	Total Private Fund GAV1.3b	AUM1.2b	#Funds4

Brochure Summary

Overview

FSTA (the “Adviser”) was formed on May 31, 2018, for the purpose of providing investment advisory services to FS Tactical Opportunities Fund, L.P., including any parallel funds and accounts (the “Fund”), a pooled investment vehicle (“private fund”) excluded from the definition of investment company under the Investment Company Act of 1940, as amended (the “Company Act”) under section 3(c)(7) of the Company Act. The Adviser may, subject to any limitations described in the investment advisory agreement between the Adviser and the Fund, advise other investment companies, private investment funds, structured finance vehicles, institutional investors or other persons or entities (collectively, the “Clients”), at which time the Adviser will make any necessary amendments to this Brochure. The Adviser is responsible for identifying potential investments for the Fund. The Adviser incorporates a sophisticated platform with an experienced team of investment professionals to seek to identify opportunities in such assets, while at the same time assessing and monitoring risk. The Adviser evaluates such investments and their appropriateness based on the Fund’s investment objectives, strategies, restrictions and guidelines, as described in the Fund’s governing documents (e.g., private placement memorandum, indentures, etc.). The Adviser is a subsidiary of Franklin Square

Holdings, L.P. (“FSH”), and an affiliate of FS Global Advisor, LLC (“FSGA”), FS Structured Products Advisor, LLC (“FSSPA”), FS/EIG Advisor, LLC (“FSEIG”) and certain other investment advisers affiliated with FSH. FSGA is the registered investment adviser to FS Credit Opportunities Fund (“FSCO”), a closed-end investment company that focuses on investing in secured and unsecured floating and fixed rate loans, bonds and other credit instruments. As of December 31, 2023, FSCO had approximately $2.086 billion in assets under management. FSSPA is the advisor to Bridge Street CLO I, Ltd. and Bridge Street CLO II, Ltd., and Bridge Street CLO III, Ltd. FSEIG is the investment adviser to FS Specialty Lending Fund, formerly known as FS Energy and Power Fund. FSTA has registered with the SEC for the purpose of providing advisory services to FS Tactical Opportunities Fund, L.P., (including its parallel funds), a private fund designed to build an investment portfolio of capital structured solutions and special situations credit investments primarily in North America. Investment professionals of the Adviser, including certain of its portfolio managers, also make investment decisions for FSGA. The Adviser has approximately $245,098,344 million in assets under management, which the Adviser manages on a discretionary basis. The primary owner of the Adviser is FSH.

As of Date	10/30/2025
Registration	SEC, Approved, 07/12/2019
ADV Location	PHILADELPHIA, PA, United States
Contact Info	(21 xxxxxxx
Websites

AUM^*	294,204,506 5%
of that, discretionary	294,204,506 5%
Private Fund GAV^*	294,204,506
Avg Account Size	294,204,506 5%
SMA’s	No
Private Funds	1

FS TACTICAL ADVISOR, LLC

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