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40/86 Advisors, Inc.

● SEC registered since 1982CRD 107740SEC# 801-17857Carmel, IN
Export (members)
Ranks #413 of 6,004 private fund managers by regulatory AUM.
Reg. AUM
$30.5B
Fund GAV
$298.8M
Private funds
3
Employees
84
Accounts
13
Location
Carmel, IN

40/86 Advisors, Inc. assets under management

40/86 Advisors, Inc. is an SEC-registered investment adviser based in Carmel, IN. The firm has been registered since 1982. It reports $30.5 billion in regulatory assets under management and employs 84 people. 40/86 Advisors, Inc. manages 3 private funds with combined gross assets of $298.8 million, including Creeksource 2024-1 (dunes Creek) CLO, Ltd. By regulatory assets, it ranks 413 of 6,004 private fund managers.

40/86 Advisors, Inc. private funds

3 funds · $298.8M GAV
FundTypeGross assetsMin.
Creeksource 2024-1 (dunes Creek) CLO, Ltd.Securitized Asset$298.8M$250K
Bean Creek CLO, LtdSecuritized Asset$610$100K
Clear Creek CLO, LtdSecuritized Asset$250K

40/86 Advisors, Inc. owners & executives

7 reported
NameTitleOwnershipSince
Cno Financial Group, Inc. ControlSole ShareholderOver 75%1987
Eric Ronald Johnson ControlDirector, President And Chief Investment OfficerUnder 5%2003
Jesse Edward Horsfall ControlSenior Vice President, Portfolio ManagementUnder 5%2007
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Frequently asked questions

How much does 40/86 Advisors, Inc. manage?

40/86 Advisors, Inc. reports $30.5 billion in regulatory assets under management on its Form ADV.

How many private funds does 40/86 Advisors, Inc. manage?

40/86 Advisors, Inc. manages 3 private funds with combined gross assets of $298.8 million.

How many employees does 40/86 Advisors, Inc. have?

40/86 Advisors, Inc. reports 84 employees.

Where is 40/86 Advisors, Inc. located?

40/86 Advisors, Inc. is based in Carmel, IN and has been SEC-registered since 1982.

Does 40/86 Advisors, Inc. disclose fund performance?

40/86 Advisors, Inc. is not required to publicly disclose fund returns. Form ADV filings include assets, ownership, and service providers, shown above.

Contact & registration

Address11299 Illinois Street, Suite 200, Carmel, IN 46032
Phone317-817-4086
Fax317-817-5039
Office hours8:00a.m. To 5:00p.m.
SEC regionChicago Regional Office (CHRO)
Umbrella registrationYes
Discloses disciplinary historyNo

Regulatory AUM

$30.5B▲ 4%
Mar '25 — $29.22BApr '25 — $29.22BMay '25 — $29.22BJun '25 — $29.22BJul '25 — $29.22BAug '25 — $29.22BSep '25 — $29.22BOct '25 — $29.22BNov '25 — $29.22BDec '25 — $29.22BJan '26 — $29.22BFeb '26 — $29.22BMar '26 — $30.5BApr '26 — $30.5BMay '26 — $30.5BJun '26 — $30.5B
Mar '25Form ADV, monthlyJun '26

How this firm compares

Regulatory AUMTop 4%
Larger than 96% of 16,271 advisers
AUM vs fund managersTop 7%
Larger than 93% of 6,004 private-fund managers
Number of fundsTop 53%
More funds than 47% of fund managers
EmployeesTop 8%
More than 92% of 16,825 advisers

Assets under management

$30.5Bregulatory AUM
Discretionary $30.5B

Service providers