Investment adviser · CRD 107740
40/86 ADVISORS, INC.
Investment adviser filing (IA)
CARMEL, IN, United States · Form ADV filed Apr 22, 2026
- Regulatory AUM
- $30.5B Form ADV · Item 5.F
- Client accounts
- 13 Accounts, not individual clients
- Employees
- 84 Reported in this filing
- Advisory professionals
- 84 Investment advisory functions
Who they report serving
Form ADV · Item 5.DClient types and their share of reported regulatory assets.
| Client type | Clients | Regulatory assets | Share of AUM |
|---|---|---|---|
| Insurance companies | 7 | $29,783,476,838 | 97.7% |
| Corporations & businesses | 3 | $412,878,608 | 1.4% |
| Pooled investment vehicles | 3 | $298,792,861 | 1.0% |
Filing source
Form ADV 2097163 · Apr 22, 2026 · Item 5.D
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
Private funds & service providers
10 Private fundsThe count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.
CREEKSOURCE 2024-1 (DUNES CREEK) CLO, LTD.Securitized Asset Fund · Last reported Apr 22, 2026$299MGross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
PRICEWATERHOUSECOOPERS
PCAOB 238
BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342
Fund details & source
- Fund ID
- 805-6145583657
- Reported beneficial owners
- 1
- Minimum commitment
- $250K
Form ADV 2097163 · Apr 22, 2026 · Schedule D 7.B.(1)
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
BEAN CREEK CLO, LTDSecuritized Asset Fund · Last reported Apr 22, 2026$610Gross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
PRICEWATERHOUSECOOPERS
PCAOB 238
BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342
Fund details & source
- Fund ID
- 805-8999438708
- Reported beneficial owners
- 1
- Minimum commitment
- $100K
Form ADV 2097163 · Apr 22, 2026 · Schedule D 7.B.(1)
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
CLEAR CREEK CLO, LTDSecuritized Asset Fund · Last reported Apr 22, 2026$0Gross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
PRICEWATERHOUSECOOPERS
PCAOB 238
BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342
Fund details & source
- Fund ID
- 805-4808056504
- Reported beneficial owners
- 1
- Minimum commitment
- $250K
Form ADV 2097163 · Apr 22, 2026 · Schedule D 7.B.(1)
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
CEDAR CREEK CLO, LTD.Other Private Fund · Last reported Mar 17, 2017$395MGross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
GOLDMAN, SACHS & CO.
CRD 361 · SEC 801-16048
Fund details & source
- Fund ID
- 805-8356955850
- Reported beneficial owners
- 3
- Minimum commitment
- $250K
Form ADV 1064728 · Mar 17, 2017 · Schedule D 7.B.(1)
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
MILL CREEK CLO, LTD.Other Private Fund · Last reported Oct 3, 2016$234MGross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
WELLS FARGO SECURITIES, LLC
CRD 126292 · SEC 8-65876
Fund details & source
- Fund ID
- 805-1647198941
- Reported beneficial owners
- 1
- Minimum commitment
- $250K
Form ADV 1043451 · Oct 3, 2016 · Schedule D 7.B.(1)
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
SUGAR CREEK CLO, LTD.Other Private Fund · Last reported Mar 17, 2017$169MGross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
WELLS FARGO SECURITIES, LLC
CRD 126292 · SEC 8-65876
Fund details & source
- Fund ID
- 805-1663095816
- Reported beneficial owners
- 2
- Minimum commitment
- $250K
Form ADV 1064728 · Mar 17, 2017 · Schedule D 7.B.(1)
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
EAGLE CREEK CLO, LTD.Other Private Fund · Last reported Jul 17, 2015$53.2MGross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
CRD 7691 · SEC 801-14235
Fund details & source
- Fund ID
- 805-5997089982
- Reported beneficial owners
- 1
- Minimum commitment
- $500K
Form ADV 935215 · Jul 17, 2015 · Schedule D 7.B.(1)
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
Services & filing details
Most recent filing: Apr 22, 2026. View historical filings
Reported services
Pooled investment vehicle management · Business portfolio management
Compensation
Percentage of assets · Performance-based
Principal office
11299 ILLINOIS STREET, SUITE 200CARMEL, IN, 46032, United States
CRD 107740
Filing source
Form ADV 2097163 · Apr 22, 2026 · Items 1 & 5
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.