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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM under $100M

AZALEA CAPITAL

AZALEA MANAGEMENT COMPANY, LLC, CRD 164102

GREENVILLE, SC

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Search this name across graphsid dfx:ria:18275d2f-4aa6-700c-1e19-d4d6b1d102e9

Data as of May 14, 2018 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 9:25 AM UTC and rebuilt at most every 15 minutes.

Relationships: 10
Dated events: 1
On other graphs: 1
Observed: Aug 8, 2014 to May 14, 2018
12 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Private Equityidentity

Azalea Capital

Private equity manager · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $84.1MItem 5.F on the latest filing (2018-05-14); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $84.1M
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 2
RAUM per advisor: $42.0Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 7
Advisory employees: 6
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 2
Private funds: 2Schedule D 7.B(1)
Private fund GAV: $56.6Mgross asset value as reported per fund; never fund size
SEC number: 801-80201
CRD: 164102
Filings on the tape: 12
First filed: Aug 8, 2014
Latest filed: May 14, 2018
Organised: Limited Liability Company, South Carolina

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
PATRICK ALAN DUNCAN	n/a	GREENVILLE, SC	0	30	n/a	no
MARSHALL HENDERSON COLE III	n/a	GREENVILLE, SC	0	18	1	no

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
AZALEA FUND IV, LP	Private Equity Fund	$34.4M	May 14, 2018	86	Aug 8, 2014	reported	021-220902
THE AZALEA PALMETTO CO-INVEST FUND, L.P.	Private Equity Fund	$30.0M	Jul 27, 2016	2	Mar 28, 2016	dropped	021-231081
AZALEA FUND III, LP	Private Equity Fund	$22.2M	May 14, 2018	97	Aug 8, 2014	reported	021-124633
AZALEA FUND II, LP	Private Equity Fund	$86,423	Mar 30, 2017	75	Aug 8, 2014	dropped	021-67885

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
ANDERSON, BARBARA, J.	CHIEF COMPLIANCE OFFICER	Na	yes	01/2015	Mar 30, 2015	May 14, 2018
COLE III, MARSHALL, HENDERSON	MEMBER / CFO	D	yes	11/2008	Aug 8, 2014	May 14, 2018
DUNCAN, PATRICK, ALAN	MEMBER / MANAGER	D	yes	11/2008	Aug 8, 2014	May 14, 2018

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
AZALEA FUND III GP, LLC	n/a	n/a	n/a	N	yes	n/a
AZALEA FUND IV GP, LLC	n/a	n/a	n/a	N	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2017	Mar 28, 2018	$83.7M	$83.7M	7	6	0	2	$57.1M
2016	Mar 30, 2017	$95.5M	$95.5M	7	6	n/a	3	$95.5M
2015	Mar 28, 2016	$130M	$99.6M	8	6	n/a	4	$130M
2014	Mar 30, 2015	$139M	$139M	8	6	n/a	3	$109M

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2017	$84.1M	$95.5M	-12.0%	$139M	-15.5%	7	7	0	n/a

Relationships

Registered with (2)

← MARSHALL HENDERSON COLE IIIAdvisorregistration: previous registration
Aug 6, 2018 to Dec 31, 2025factForm ADV
← PATRICK ALAN DUNCANAdvisorregistration: current employment
Jan 1, 2026 to presentfactForm ADV

Advises (4)

→ AZALEA FUND III, LPPrivate fundPrivate Equity Fund, IA
Aug 8, 2014 to presentfactForm ADV
→ AZALEA FUND IV, LPPrivate fundPrivate Equity Fund, IA
Aug 8, 2014 to presentfactForm ADV
→ AZALEA FUND II, LPPrivate fundPrivate Equity Fund, IA, no longer reported
Aug 8, 2014 to Mar 30, 2017factForm ADV
→ THE AZALEA PALMETTO CO-INVEST FUND, L.P.Private fundPrivate Equity Fund, IA, no longer reported
Mar 28, 2016 to Jul 27, 2016factForm ADV

Controls (3)

← ANDERSON, BARBARA, J.OwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Mar 30, 2015 to presentfactForm ADV
← DUNCAN, PATRICK, ALANOwnerMEMBER / MANAGER, ownership code D, individual
Aug 8, 2014 to presentfactForm ADV
← COLE III, MARSHALL, HENDERSONOwnerMEMBER / CFO, ownership code D, individual
Aug 8, 2014 to presentfactForm ADV

Dated events

Occurred
Aug 8, 2014
First Form ADV filing
Azalea Capital filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:18275d2f-4aa6-700c-1e19-d4d6b1d102e9
First observed: Aug 8, 2014
Last observed: May 14, 2018 101 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

AZALEA CAPITAL

AZALEA MANAGEMENT COMPANY, LLC, CRD 164102

GREENVILLE, SC

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:18275d2f-4aa6-700c-1e19-d4d6b1d102e9

Data as of May 14, 2018 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 9:25 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

PATRICK ALAN DUNCAN

n/a

GREENVILLE, SC

n/a

MARSHALL HENDERSON COLE III

n/a

GREENVILLE, SC

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

AZALEA FUND IV, LP

Private Equity Fund

$34.4M

May 14, 2018

Aug 8, 2014

reported

021-220902

THE AZALEA PALMETTO CO-INVEST FUND, L.P.

Private Equity Fund

$30.0M

Jul 27, 2016

Mar 28, 2016

dropped

021-231081

AZALEA FUND III, LP

Private Equity Fund

$22.2M

May 14, 2018

Aug 8, 2014

reported

021-124633

AZALEA FUND II, LP

Private Equity Fund

$86,423

Mar 30, 2017

Aug 8, 2014

dropped

021-67885

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

ANDERSON, BARBARA, J.

CHIEF COMPLIANCE OFFICER

yes

01/2015

Mar 30, 2015

May 14, 2018

COLE III, MARSHALL, HENDERSON

MEMBER / CFO

yes

11/2008

Aug 8, 2014

May 14, 2018

DUNCAN, PATRICK, ALAN

MEMBER / MANAGER

yes

11/2008

Aug 8, 2014

May 14, 2018

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

AZALEA FUND III GP, LLC

n/a

yes

n/a

AZALEA FUND IV GP, LLC

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2017

Mar 28, 2018

$83.7M

$57.1M

2016

Mar 30, 2017

$95.5M

n/a

$95.5M

2015

Mar 28, 2016

$130M

$99.6M

n/a

$130M

2014

Mar 30, 2015

$139M

n/a

$109M

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2017

$84.1M

$95.5M

-12.0%

$139M

-15.5%

n/a