SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Kayne Anderson Capital Advisors, L.P.
Houston, TX
CRD 104536
Firm filing updated August 6, 2026 ·
- $34.1BAssets
- 142Advisory staff
- 113Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Performance-based feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- Pooled vehicles94
- Insurance companies8
- Investment companies2
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | Fewer than 5 clients | $0 |
| High net worth individuals | Fewer than 5 clients | $23.8 million |
| Banking or thrift institutions | Fewer than 5 clients | $0 |
| Investment companies | 2 | $142.2 million |
| Pooled investment vehicles (other than investment companies and business development companies) | 94 | $31.9 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 clients | $23.0 million |
| Charitable organizations | Fewer than 5 clients | $0 |
| State or municipal government entities (including government pension plans) | Fewer than 5 clients | $233.8 million |
| Other investment advisors | Fewer than 5 clients | $0 |
| Insurance companies | 8 | $818.7 million |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $0 |
| Corporations or other businesses not listed above | Fewer than 5 clients | $102.7 million |
| Other: "REIT" | Fewer than 5 clients | $908.4 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
See all 4 services
- Other: "MODEL PORTFOLIO SERVICES"
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other: "MODEL PORTFOLIO SERVICES"
Assets and accounts
- Regulatory assets$34.1 billion
- Accounts113
- DiscretionaryAll accounts
People
- Employees310
- Advisory staff142
- Broker-dealer reps9
- Licensed insurance agents0
Advisors
1 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 104536, SEC file 801-46991.
- Registered with the SEC as an investment advisor (status date on record: August 15, 1994).
Is Kayne Anderson Capital Advisors, L.P. a fiduciary?
Short answer: Kayne Anderson Capital Advisors, L.P. is registered with the SEC as an investment advisor. Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 9 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.