Asset manager · Evanston, IL
Fidus Investment Advisors, LLC
SEC-registered investment adviser · CRD 156981 · SEC 801-72285
At a glance
Fidus Investment Advisors, LLC is an SEC-registered investment adviser based in Evanston, Illinois, with $1.4 billion in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is business development companies. By Form ADV it is a asset manager, ranked 1,188th of 3,218 asset managers and 4,362nd of 17,210 SEC-registered advisers by assets.
Main office 847-859-3940fiduscapital.comAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among asset managers
- #1,188 of 3,218
- Rank among all SEC RIAs
- #4,362 of 17,210
- Rank in Illinois
- #214 of 684
- Clients
- 3
- Accounts
- 3
- Discretionary
- 100% of AUM
- Employees
- 35
- Advisory staff
- 25
- Offices
- 4
Owners and executives on its Form ADV
- Edward H. RossChief Executive Officer, President, Assistant Secretary, Assistant Treasurer, Manager
- Thomas C. LauerManager
- William A. WorthAssistant Secretary, Assistant Treasurer and Manager
- John J. RossChair of Board of Managers, Manager
- John H. GriggManager
- Diane P. LindChief Compliance Officer and Assistant Secretary
- Shelby E. SherardChief Financial Officer, Vice President, Treasurer and Secretary
- John M. HerringChief Operating Officer, Chief Legal Officer, Vice President, Assistant Treasurer and Assistant Secretary
Custody and brokerage
Custodian
Fidus Investment Advisors, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Fidus Investment Advisors, LLC is a hybrid RIA: 3 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Fidus Securities, LLC.
- Fidus Securities, LLC ↗CRD 132882
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Business development companies | 1 | $1.3B | 92% |
| Pooled investment vehicles | 2 | $119M | 8% |
Private funds
Fidus Investment Advisors, LLC reports 2 private funds with $119M in gross assets: private equity funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Fidus Investment Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗fiduscapital.com ↗
AtlasMembers
The full record on Fidus Investment Advisors, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 961 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
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Background
Questions
How much does Fidus Investment Advisors, LLC manage?
Fidus Investment Advisors, LLC reports $1.4 billion in regulatory assets under management across 3 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is Fidus Investment Advisors, LLC?
Fidus Investment Advisors, LLC is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Fidus Investment Advisors, LLC’s clients?
By assets, its largest client types are business development companies ($1.3 billion, 1 clients); pooled investment vehicles ($119 million, 2 clients).
Does Fidus Investment Advisors, LLC manage private funds?
Yes. It reports 2 private funds with $119 million in gross assets, including private equity funds, other private funds.
Does Fidus Investment Advisors, LLC have any disciplinary history?
Fidus Investment Advisors, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Fidus Investment Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →