DFX Intelligence

F••• L••• C••••••• L••: registered adviser on the ria / wealth management graph | DFX Data Factory

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RIA / WealthRegistered adviserasset managerSEC registeredRAUM 100m 1b

F••• L••• C••••••• L••

CRD 283625

SAN MATEO, CA

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Search this name across graphsid dfx:ria:76704372-dc77-9ed5-de18-70a424811fdb

Data as of Apr 29, 2026 (this record's last observation) from federal regulator filings. Page built Sep 22, 2026, 3:43 PM UTC and rebuilt at most every 15 minutes.

Relationships: 9
Dated events: 5
On other graphs: 2
Observed: Apr 10, 2020 to Apr 29, 2026
15 observations

Across DFX

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

Venture Capitalidentity

F••• L••• C••••••• L••

Venture manager · shared crd

Real Estate Fundsidentity

F••• L••• C••••••• L••

Real estate fund manager · shared crd

Facts

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

Firm class: asset managerderivedprivate_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $332M••• Locked
Discretionary RAUM: $332M
Private client RAUM: $0derived••• Locked
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 12

Private funds

••• Locked

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
F••• L••• E•••••••• F•••• L•	Real Estate Fund	$192M	Jun 6, 2024	52	Apr 10, 2020	reported	021-416676
F••• L••• C••••••• L•	Real Estate Fund	$39.5M	Jun 6, 2024

Owners and control persons

••• Locked

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
M•••••••• C•••• T•••••	MANAGING DIRECTOR	D	yes	06/2011	Apr 10, 2020	Jun 6, 2024
O•••••• E•••• S••••••	MANAGING DIRECTOR	D	yes	06/2011	Apr 10, 2020	Jun 6, 2024

Affiliates (Item 7.A)

••• Locked

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
F••• L••• A••••••• G•• L••	n/a	n/a	n/a	N	yes	n/a
F••• L••• C•••••• G•• L••	n/a	n/a	n/a	N	yes	n/a
F••• L••• E•••••••• G•• L••	n/a

Regulatory AUM by fiscal year

••• Locked

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Apr 29, 2026

Growth

••• Locked

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$332M	$518M	-35.8%	$556M	-15.7%	12	12	0	0

Relationships

Advises (6)

→ F••• L••• C••••••• L•Private fundReal Estate Fund, IA
Mar 29, 2024 to presentfactForm ADV
→ F••• L••• A••••••• F•••• L•Private fundReal Estate Fund, IA
Mar 31, 2022 to presentfactForm ADV
→ F••• L••• F•••• F••• I••• L•Private fundReal Estate Fund, IA
Mar 29, 2024 to presentfactForm ADV
→ F••• L••• E•••••••• F•••• L•

Dated events

Occurred
Apr 29, 2026
Regulatory AUM changed
F••• L••• C••••••• L•• reported RAUM $332.4M, down 31% from $479.0M (2026-03-27 to 2026-04-29)
Form ADVobserved 7 days ago
$-147M
Occurred
Mar 29, 2024
Control person left
M Gerald Novelly (Chief Financial Officer And Chief Compliance Officer) no longer on Schedule A of F••• L••• C••••••• L•• (listed 2023-05-30, absent 2024-03-29)
Form ADVobserved 7 days ago
Occurred
Jun 13, 2022
Control person joined
M Gerald Novelly (Chief Financial Officer And Chief Compliance Officer) appeared on Schedule A of F••• L••• C••••••• L••
Form ADVobserved 7 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:76704372-dc77-9ed5-de18-70a424811fdb
First observed: Apr 10, 2020
Last observed: Apr 29, 2026 4 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.