Private Credit Firms in Chicago
13 private credit firms with a Form ADV main office in the Chicago metro: 9 say credit is their business and 4 others name it as one line among several. 11 are in the city and 2 on the North Shore, in Evanston and Northfield. The list runs A to Z, since Form ADV has no private credit fund type. Of those that report regulatory assets, Golub Capital is the largest: $124.3 billion through GC Opal Advisors LLC (filed ).
Antares Capital Advisers follows with $47.4 billion. The 12 advisers counted report $234.0 billion together, and half report less than $3.9 billion.
Updated . Rechecked quarterly; next check . Figures read , as filed to .
- $25BN and over85%3 firms
- $10BN to $25BN8%1 firm
- $5BN to $10BN3%1 firm
- $1BN to $5BN4%3 firms
- $500MM to $1BN0%1 firm
- Under $500MM0%3 firms
Latest Form ADV of each, filed Mar 2026 to Aug 2026. Read ; sources at the end of the page.
- Private credit firms listedList of November 2026; 9 are private credit managers and 4 are multi-strategy alternative asset managers
- 13
- Combined assets12 counted; as filed to Aug 2026
- $234.0BN
- Median firmHalf of the 12 report less
- $3.9BN
One firm holds 53% of the assets
How the 12 firms counted spread by size: most are small, the dollars sit at the top.
One dot per firm counted; left out: 1 firm with only fund assets. Read .
Assets each reported in its latest filing; shares are of the $234.0BN combined, one row per firm. Read .
53%
of the assets reported sits with one firm, Golub Capital. The five largest hold 95%; 4 of 12 report under $1 billion.
- Private credit managers9
- Multi-strategy alternative asset managers4
Kind of each, from its own website and filings, checked November 2026.
- Private funds82%
- Other advisers9%
- Government5%
- Businesses1%
- BDCs1%
- Other1%
Client types each adviser reports with its assets, latest filing; sums of filed figures.
From the filings
Other figures from these firms' filings: most private funds.
| Rank | Name | Figure |
|---|---|---|
| 1 | Golub Capital | 92Aug 2026 |
| 2 | Monroe Capital Management Advisors | 49Mar 2026 |
| 3 | Antares Capital Advisers | 40Aug 2026 |
| 4 | Victory Park Capital | 26Jul 2026 |
| 5 | NXT Capital Investment Advisers | 16Aug 2026 |
| 6 | Freeport Financial Partners | 14Mar 2026 |
| 7 | Chicago Atlantic Advisers | 9Jul 2026 |
| 8 | CFI Partners | 4Mar 2026 |
The list is public. The warm path is not. Schedule a conversation
All 13 private credit firms
A to Z, with each firm's regulatory assets, private funds, listed stocks and fund offerings, each with a pin to its filing; firms with no figure show the interests they state on their own sites.
Showing all 13 firms
The first 30 are shown here; find, a kind or a size shows every match.
No row matches. Clear the find field or choose All.
Assets are the regulatory assets in the adviser's latest Form ADV (solid bar; grey when the firm is not in the totals; hatched when an exempt adviser reports only its funds). Listed stocks are the US listed securities a firm reports each quarter; fund offerings count the private offering notices of funds named for the firm in two years. Each pin opens the filing behind the figure. The square beside a name opens every figure with its filing and notes.
One firm holds 53% of the money
Six findings from the filings of the 12 firms counted.
- 53%
of the $234.0 billion the 12 firms counted report is one firm's: Golub Capital. Without it, the other 11 report $109.7 billion.
Assets, latest Form ADV of each; sums of filed figures
- $3.9BN
is the median: half of the 12 report less, and 4 report under $1 billion.
Assets, latest Form ADV of each
- 259
private funds are advised by the firms counted; Golub Capital advises the most, 92.
Private funds on each Form ADV (Schedule D); sums of filed figures
- 41
private offering notices in two years were filed by funds and vehicles named for 1 firm; Golub Capital has 41.
Private offering notices, to
- 82%
of their assets is private funds money; the next largest client type is other advisers, at 9%.
Client types each adviser reports with its assets; sums of filed figures
- 10
of the 12 have their main office in Chicago; the next place is Evanston, with 1.
Main office on each Form ADV
Questions
How many private credit firms are in Chicago?
No filing counts them: Form ADV has no private credit fund type. This page lists 13 advisers in the Chicago metro that file with the SEC and say on their own sites that credit is their business or a named strategy: 9 credit-led and 4 mixed.
What are the largest private credit firms in Chicago?
By the regulatory assets they report: Golub Capital $124.3 billion, Antares Capital Advisers $47.4 billion, CFI Partners $26.3 billion, Monroe Capital Management Advisors $18.6 billion, NXT Capital Investment Advisers $6.6 billion. These are whole firm figures, not credit figures, and the list itself runs A to Z.
How much do private credit firms in Chicago manage?
Of the 12 on this list that report regulatory assets, the median reports $3.9 billion; the largest reports $124.3 billion.
How do you start a relationship with private credit firms in Chicago?
Each firm on this page links to its own website, and each figure carries a pin that opens the public filing it comes from. For fund managers and companies raising capital, Praxis Rock runs capital formation programs; see Raise Capital.
Sources and method
- Who is listed
- 13 private credit firms that file Form ADV with the SEC (files of October 1, 2026), each identified from its own site, 9 of them credit-led. Mixed firms count here at their main office, as credit-led firms do. The metro is the Census Bureau's (CBSA 16980), which runs past the city into Cook, DuPage and Lake counties. 8 of these firms are also on the national list of 250.
- How the figures are counted
- Every total, share and median, the charts and the answers to the questions use one set: the 12 advisers that report regulatory assets in their latest SEC Form ADV, with a main office in the Chicago metro, that the filing itself ties to the row (the CRD the list cites, or the row's own website in Item 1.I), one figure per adviser. A name match with no such tie is shown in the row's detail only, never counted.
- Our arithmetic
- The $234.0BN, the median, shares, charts and boards are sums and medians of filed numbers over that one set; 1 firm with a figure outside it stays listed with the figure and the reason.
- Pins
- Each figure's pin opens the filing it comes from: the adviser's Form ADV as filed, or the SEC filing index of its 13F report or of the latest private offering notice (Form D). The pin's label names the source and its date.
- What we searched
- On we searched every firm by its website against the websites advisers list on Form ADV, by the CRD the list cites, by name for Form ADV, and by every CIK found for 13F reports, and searched private offering notices for funds named for it. Of the 13, 13 report on a current Form ADV, 0 file 13F reports (0 for a 2026 quarter with a value), 1 have funds named for them in private offering notices, and 0 more show a possible match by name only in their detail, not counted.
- Words
- Kinds and interests are each firm's own, from its website. No person names are shown.
| Figure | Source | Period, read |
|---|---|---|
| Assets, private funds, client types, main office, employees | SEC Form ADV adviser data, October 2026 report, and each adviser's Form ADV as filed, 13 advisers | Filings to 2026-10-01; read 2026-11-06 |
| Listed stocks | SEC EDGAR Form 13F, 0 filers | Latest quarter; read 2026-11-06 |
| Private offering notices of funds named for a firm | SEC EDGAR full text search, Form D and D/A | 2024-11-06 to 2026-11-06 |
| Kind, interests and website | Each firm's own website, as researched for this list | Checked 2026-11-06 |
| Logos | Each firm's own website; a monogram where none checks | Read 2026-11-06 |
Cite as: Praxis Rock Advisors, "Private Credit Firms in Chicago," updated November 6, 2026, praxisrock.com/resources/investors/private-credit-firms-chicago