9AT: FS STRUCTURED PRODUCTS ADVISOR, LLC

other names

FS STRUCTURED PRODUCTS ADVISOR, LLC

SEC Fund Type	Count	GAV
Fund TypeSecuritized Asset Fund	Count4	GAV$1,447,951,462

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 SEIX CLO MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund406.1m	Venture Capital Fund-	Other Fund-	Total Private Fund GAV406.1m	AUM406.1m	#Funds2
Adviser 325 FILLMORE LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund714.5m	Venture Capital Fund-	Other Fund-	Total Private Fund GAV714.5m	AUM714.5m	#Funds4
Adviser OFS CLO MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund638.4m	Venture Capital Fund-	Other Fund-	Total Private Fund GAV638.4m	AUM888.5m	#Funds4
Adviser PRIDEROCK FUND MANAGEMENT PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund285.7m	Venture Capital Fund-	Other Fund-	Total Private Fund GAV285.7m	AUM285.7m	#Funds15
Adviser SIERRA CREST INVESTMENT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund87.8m	Venture Capital Fund-	Other Fund-	Total Private Fund GAV87.8m	AUM772.6m	#Funds1
Adviser NEW MOUNTAIN CREDIT CLO ADVISERS, L.L.C.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund2.5b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.5b	AUM2.5b	#Funds6
Adviser AB BROADLY SYNDICATED LOAN MANAGER LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund2.2b	Venture Capital Fund403.6m	Other Fund-	Total Private Fund GAV3.0b	AUM1.7b	#Funds6
Adviser REEF INVESTMENT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund150.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund151.0m	Total Private Fund GAV301.0m	AUM151.0m	#Funds3
Adviser COMMONWEALTH CREDIT ADVISORS, LLC	Hedge Fund712.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund1.0b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.7b	AUM1.9b	#Funds2
Adviser BRIGHTSPIRE CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund640.5m	Venture Capital Fund-	Other Fund-	Total Private Fund GAV640.5m	AUM1.3b	#Funds1

Brochure Summary

Overview

FSSPA was formed on March 20, 2019, for the purpose of providing collateral management services to Bridge Street CLO I Ltd (the “Issuer”). On September 2, 2021, FSSPA became the investment adviser to Bridge Street CLO II, on December 28, 2022, became the investment adviser to Bridge Street CLO III Ltd and on April 26, 2024, became the investment adviser to Bridge Street CLO IV Ltd (together, with Bridge Street CLO I Ltd, the “Issuers”). The Issuers are the Adviser’s only clients. The Adviser may, subject to any limitations described in the investment advisory agreements it enters into with its clients, 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 Issuers. The investment professionals of the Adviser have extensive experience in secured lending and high yield securities, including senior loans, asset-based lending, structured finance, fixed income securities, and distressed debt. The Adviser incorporates a sophisticated platform with an experienced team of investment professionals 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 Issuers’ respective investment objectives, strategies, restrictions, and guidelines, as described in the Issuer’s governing documents (e.g., offering circulars

and indentures). Because the Adviser does not provide individualized advice to investors (and an investment in an Issuer does not, in and of itself, create an advisory relationship between the investor and the Adviser), investors must consider whether a particular Issuer meets their investment objectives and risk tolerance prior to investing. The Adviser is a subsidiary of Franklin Square Holdings, L.P. (“FSH”). FSH is the primary owner of the Adviser. The Adviser is also an affiliate of FS Global Advisor, LLC (“FSGA”), FS Tactical Advisor, LLC (“FSTA”) 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. FSTA provides advisory services to FS Tactical Opportunities Fund, L.P., 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 and FSTA. As of December 31, 2023, the assets under management for Bridge Street CLO I are $325,630,427, the assets under management for Bridge Street CLO II are $325,123,708, and the assets under management for Bridge Street CLO III are $329,169,520; such assets are managed on a discretionary basis.

As of Date	03/28/2025
Registration	SEC, Approved, 01/06/2020
ADV Location	PHILADELPHIA, PA, United States
Contact Info	215 xxxxxxx
Websites

AUM^*	1,447,951,463 -2%
of that, discretionary	1,447,951,463 39%
Private Fund GAV^*	1,447,951,462
Avg Account Size	361,987,866 4%
SMA’s	No
Private Funds	4

FS STRUCTURED PRODUCTS ADVISOR, LLC

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Overview