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T•••••••• M••••••••• L•

Hybrid managerClassification probableLower middle marketSEC registered investment adviser· Palo Alto, CA

••• Locked

Regulatory AUM
$346M
Form ADV
PE fund assets
$297M
Form ADV
PE funds
1
Form ADV
As of · identity and classification; each section below carries its own date
Classification, Form ADV and stated criteria
How this organization is classified, and on what basisHybrid manager · 2 in historyShow
Class
Hybrid managerprobable, confidence 65%
Basis
Private Equity Funds are 2 of 16 distinct vehicles; hedge, securitized or liquidity vehicles 4
Size band
Lower middle marketdefined by: proxy: $0.30bn Private Equity Fund GAV on the Form ADV filed 2026-03-31
Classification history (2)
  1. Sep 23, 2026
    Hybrid manager (probable, 65%)
    P•••••• Equity Funds are 2 of 16 distinct vehicles; hedge, securitized or liquidity vehicles 4
  2. Sep 13, 2026
    Hybrid manager (probable, 65%)
    P•••••• Equity Funds are 2 of 15 distinct vehicles; hedge, securitized or liquidity vehicles 4
Regulatory footprint (Form ADV)RAUM $346M · 1 PE funds · filed Mar 31, 2026Show
Adviser type
Registered investment adviser
Form ADV filings
Jan 19, 2021 to Mar 31, 2026
RAUM
$346Mregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing
1
PE fund GAV, latest filing
$297Mreported gross assets (Form ADV), not fund size
All private fund GAV
$346Mevery private fund type, latest filing
2024 PE fund GAV
$327Msum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime
13%
Fund type mix
  • Private equity fund: 1 fund, $297M reported gross assets, 2 ever reported
  • Other private fund: 6 funds, $37.0M reported gross assets, 10 ever reported
  • Hedge fund: 1 fund, $12.2M reported gross assets, 4 ever reported
Form ADV filed Mar 31, 2026
Employees
6
Headquarters
Palo Alto, CA
Office address
••• Locked
Business phone
••• Locked
Stated criteria beside observed behaviour3 of 8 criteria stated · no observed deals yetShow
Stated by the firm
Sectors
Technology, media telecom, life sciences, energy, infrastructure
Geography
Global, Asia
Revenue
not stated or not yet read
EBITDA
not stated or not yet read
Enterprise value
not stated or not yet read
Equity check
not stated or not yet read
Control
not stated or not yet read
Thesis
••• Locked
Observed from deals on record

Nothing observed yet. Behaviour is computed from transactions and portfolio relationships, which have not been collected for this firm.

Funds
2 families, 3 vehicles on record
View all 3 vehiclesnewest vintage first, then largest
FundVehicleVintageReported gross assets (Form ADV), not fund sizeGAV by yearForm D soldLifecycle
T•••••••• C••••• F••• I• L•buyout or unlabelled2025
Form D first sale
unknownno reporting$3.5MUnknown
T•••••••• C•••••• P•••••• I• L•
ADV: P•••••• Equity Fund
buyout or unlabelled2022
Form D first sale
$297M
as of Mar 31, 2026
$24.0MActive deployment
T•••••••• C•••••• O••••••• P•••••• I• L•
ADV: P•••••• Equity Fund
Feeder or parallel2022
first reported on Form ADV
$30.0M
as of Mar 29, 2024
no Form DUnknown
Team
5 current, 2 former
Full team · 5 peoplegrouped by role, with sources
Managing partner (2)
Partner (1)
Platform (2)
2 former (kept with end dates)
Deals
0 on record, newest first · 0 platforms · 0 add-ons
No deal naming this firm has been collected yet. Deals arrive from the firm’s portfolio page, SEC filings and cited announcements.
Placement agents, lenders, advisers and co-investors
0 relationships
No counterparty collected yet. These are counted from transactions that name both this firm and the other party, and from placement agents on this firm’s funds.
LP commitments
0 LPs, 0 disclosed commitments
No LP commitment collected yet. An LP edge needs a public disclosure with a quote, such as a pension plan’s report or an announcement naming the LP.
Events
1 most recent
  1. Jan 19, 2021
    ••• Locked
    First Form ADV filingFactForm ADV
Across the graphs

T•••••••• M••••••••• L• is the same institution as 2 records in Independent Sponsors and RIA and Wealth.

Independent Sponsors1RIA and Wealth1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

Checking your plan…

Not yet on record: investments held, deals, last 12 months.