Thursday, October 22, 2026The Morning EditionOpen AtlasSign inJoin free
FinancialADVSR

Est. 2026The front page of wealth managementNew York

The Morning EditionFree · 6:30 AM ETSubscribe
RB An Amazon intern in 2020, Nevis CEO Mark Swan is the unlikely dream weaver for Focus Financial and other big RIA rollups with 'nightmare' integration issues -- with help from Schwab, Fidelity, OpenAI and AnthropicIN SpaceX’s AI segment now drives more than half its revenue. Here’s what advisors should watch nextFP Why AI might recommend your competitor instead of youFP Why clients are choosing phased retirement — and what advisors should know4K SPARK Forum Offering Scholarships for Retirement Plan AdvisorsFP What Schwab's new ETF platform fees mean for clients, advisorsWM RIA Platform Leaders Ask ‘What’s the Advantage in Having Your Own Form ADV?’IN Fake e-vite phishing scams put high-net-worth clients at riskRB Rick Wurster says Schwab is tackling its forced rationing of long/short SMAs with proprietary 'offering' to stretch balance sheet, but it may be more about a fee upside, a long/short manager saysIN Fintech bytes: 55ip, Vise, Syntax push tax-smart tools for RIAs

Private fund adviser · Houston, TX

Kayne Anderson Capital Advisors, L.P.

SEC-registered investment adviser · CRD 104536 · SEC 801-46991

At a glance

Kayne Anderson Capital Advisors, L.P. is an SEC-registered investment adviser based in Houston, Texas, with $34.1 billion in regulatory assets under management as of its Form ADV filed August 6, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 1 individual clients. By Form ADV it is a private fund adviser, ranked 231st of 4,686 private fund advisers and 597th of 17,210 SEC-registered advisers by assets.

Main office 310-282-7900kayneanderson.comLinkedInAs filed on Form ADV

Regulatory AUM
$34B
Rank among private fund advisers
#231 of 4,686
Rank among all SEC RIAs
#597 of 17,210
Rank in Texas
#21 of 1,081
Individual clients
1
High-net-worth clients
1
Accounts
113
Discretionary
100% of AUM
Employees
310
Advisory staff
142
Offices
7

Owners and executives on its Form ADV

Custody and brokerage

2 custodians

  1. BNY$889M83%
  2. State Street$178M17%

Other RIAs using BNYOther multi-custodian RIAs

Broker-dealer

Hybrid RIA

Kayne Anderson Capital Advisors, L.P. is a hybrid RIA: 9 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: KA Associates, LLC.

  • KA Associates, LLC

Its Form ADV brochure (filed March 2026) names KA Associates as the broker-dealer its advisers are registered with.

In addition, certain officers and employees of Kayne are registered representatives of KAA.

Other hybrid RIAs

Who it serves

Client typeClientsRegulatory AUMShare
Pooled investment vehicles94$32B93%
Other1$908M3%
Insurance companies8$819M2%
State or municipal government entities2$234M<1%
Investment companies2$142M<1%
Corporations or other businesses3$103M<1%
High-net-worth individuals1$24M<1%
Pension and profit sharing plans2$23M<1%

Private funds

Kayne Anderson Capital Advisors, L.P. reports 82 private funds with $36B in gross assets: hedge funds, private equity funds, real estate funds, securitized asset funds (Form ADV Item 7.B).

Disciplinary disclosures

Kayne Anderson Capital Advisors, L.P. 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
  • Other services

How it’s paid

  • A percentage of assets under management
  • Fixed fees
  • Performance-based fees

AtlasMembers

The full record on Kayne Anderson Capital Advisors, L.P.

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
Locked
Growth over one, three and five years
Locked
Rank against 482 peers of its type and size
Locked
Owners and executives, with titles and stakes
12 namedLocked
Main office, fax and compliance officer
Locked
Filing changes this year, with alerts
2Locked
Open Atlas free

Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.

Background

Questions

How much does Kayne Anderson Capital Advisors, L.P. manage?

Kayne Anderson Capital Advisors, L.P. reports $34.1 billion in regulatory assets under management across 113 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 6, 2026.

What kind of firm is Kayne Anderson Capital Advisors, L.P.?

Kayne Anderson Capital Advisors, L.P. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.

Who are Kayne Anderson Capital Advisors, L.P.’s clients?

By assets, its largest client types are pooled investment vehicles ($31.9 billion, 94 clients); other ($908 million, 1 clients); insurance companies ($819 million, 8 clients).

Does Kayne Anderson Capital Advisors, L.P. manage private funds?

Yes. It reports 82 private funds with $36.4 billion in gross assets, including hedge funds, private equity funds, real estate funds, securitized asset funds.

Does Kayne Anderson Capital Advisors, L.P. have any disciplinary history?

Kayne Anderson Capital Advisors, L.P. 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 Kayne Anderson Capital Advisors, L.P.’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 (2026-08-06), 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 →