DFX Intelligence
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S••••••• C•••••• M••••••••• L••
Buyout firmClassification probableMiddle marketSEC registered investment adviser· Austin, TXs•••••••.com
••• Locked
As of · identity and classification; each section below carries its own date
- Regulatory AUM
- $939M
- PE fund assets
- $1.0B
- PE funds
- 17
- Investments held
- 5 of 5
- Deals, last 12 months
- 1
Form ADV
Form ADV
Form ADV
DFX transaction tape
DFX transaction tape
As of · identity and classification; each section below carries its own date
Why this matters
- Revenue $5.0M to $30.0MSectors technology,software
- Last 12 months 1Most recent 4 months ago
- Graphs 2
Classification
How this organization is classified, and on what basisBuyout firm · 3 in historyShowHide
- Class
- Buyout firmprobable, confidence 80%
- Basis
- own website statement
- Size band
- Middle marketdefined by: proxy: $1.01bn Private Equity Fund GAV on the Form ADV filed 2024-03-25
Classification history (3)
- Sep 16, 2026
- Sep 16, 2026
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 16 of 16 distinct vehicles are sworn Private Equity Funds; 15 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
- Adviser type
- registered investment adviser
- Form ADV filings
- Jul 24, 2014 to Mar 25, 2026
- RAUM
- $939Mregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 17
- PE fund GAV, latest filing
- $1.0Breported gross assets (Form ADV), not fund size
- All private fund GAV
- $800Mevery private fund type, latest filing
- 2024 PE fund GAV
- $1.0Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- filed 2024-03-25, latest gav Private Equity Fund $1.0B, latest counts Private Equity Fund 14, lifetime distinct Private Equity Fund 16
- Employees
- 13
- Headquarters
- Austin, TX
- Office address
- ••• Locked
- Business phone
- ••• Locked
Stated criteria beside observed behaviour
5 observed deals
Stated by the firm
- Sectors
- technology, software
- Geography
- not stated or not yet read
- Revenue
- $5.0M to $30.0M
- EBITDA
- not stated or not yet read
- Enterprise value
- up to $150M
- Equity check
- not stated or not yet read
- Control
- not stated or not yet read
- Thesis
- ••• Locked
Observed from deals on record
- roles
- unknown 4, platform 1
- period
- to 2026-04-28, from 2026-04-28, undated holdings 4, dated observations 2
- window
- last 2026-04-28, first 2026-04-28
- control
- control 1, unknown 4
- companies
- 5
- geography
- investments
- 5
- seller kinds
- founder 1
- transactions
- 1
- cadence by year
- 2026 other deals 1
- platform add on
- add ons 0, platforms 1, add ons per platform unknown
- sector known for
- 0
- disclosed value usd
- n 0
- sector distribution
- holding period years
- n 0
- repeat counterparties
- subsector distribution
5 companies on the graph (1 transactions); 1 platforms and 0 add-ons; observed 2026 to 2026
Funds
16 on record
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| S••••••• C•••••••• F••• I•• L• ADV: Private Equity Fund | Co-investment vehicle | 2024 first reported on Form ADV | $9.8M as of Mar 25, 2024 | no Form D | Unknown | |
| S••••••• C•••••••• F••• X• L• ADV: Private Equity Fund | Co-investment vehicle | 2024 first reported on Form ADV | $3.0M as of Mar 25, 2024 | no Form D | Unknown | |
| S••••••• C•••••• I••••••••• F••• I••• L• ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $288M as of Mar 25, 2024 | no Form D | Early deployment | |
| S••••••• C•••••• I••••••••• F••• I•• F•••••••• L• ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $20.2M as of Mar 25, 2024 | no Form D | Early deployment | |
| S••••••• C•••••••• F••• V•••• L• ADV: Private Equity Fund | Co-investment vehicle | 2023 first reported on Form ADV | $1.1M as of Mar 25, 2024 | no Form D | Unknown | |
| S••••••• C•••••••• F••• V•• L• ADV: Private Equity Fund | Co-investment vehicle | 2020 first reported on Form ADV | $51.3M as of Mar 25, 2024 | no Form D | Active deployment | |
| S••••••• C•••••••• F••• V• L• ADV: Private Equity Fund | Co-investment vehicle | 2019 first reported on Form ADV | $19.2M as of Mar 25, 2024 | no Form D | Unknown | |
| S••••••• C•••••••• F••• V• L• ADV: Private Equity Fund | Co-investment vehicle | 2019 first reported on Form ADV | $15.1M as of Mar 25, 2024 | no Form D | Harvest | |
| S••••••• C•••••• I••••••••• F••• I•• L••• ADV: Private Equity Fund | buyout or unlabelled | 2018 first reported on Form ADV | $383M as of Mar 25, 2024 | no Form D | Unknown | |
| S••••••• C•••••• I••••••••• F••• I• ••• L••• ADV: Private Equity Fund | buyout or unlabelled | 2018 first reported on Form ADV | $29.6M as of Mar 25, 2024 | no Form D | Unknown | |
| S••••••• C•••••• I••••••••• F••• I• L• ADV: Private Equity Fund | buyout or unlabelled | 2017 first reported on Form ADV | $35.5M as of Mar 25, 2024 | no Form D | Unknown | |
| S••••••• C•••••••• F••• I••• L• ADV: Private Equity Fund | Co-investment vehicle | 2017 first reported on Form ADV | $116,093 as of Jan 31, 2024 | no Form D | Wound down | |
| S••••••• C•••••••• F••• I• L• ADV: Private Equity Fund | Co-investment vehicle | 2016 first reported on Form ADV | $42.8M as of Mar 25, 2024 | no Form D | Mature | |
| S••••••• C•••••• I••••••••• F••• a• L• ADV: Private Equity Fund | buyout or unlabelled | 2016 first reported on Form ADV | $18.1M as of Mar 25, 2024 | no Form D | Unknown | |
| S••••••• C•••••••• F••• I• L• ADV: Private Equity Fund | Co-investment vehicle | 2016 first reported on Form ADV | $0 as of Mar 28, 2020 | no Form D | Wound down | |
| S••••••• C•••••• I••••••••• F•••• L• ADV: Private Equity Fund | buyout or unlabelled | unknown | $93.0M as of Mar 25, 2024 | no Form D | Unknown |
Team
18 current, 2 former
Managing partner (4)
- A••••• P•••• · Co-Founder & Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- B••• P••• · Chairman · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- B•• M•••• · Co-Founder & Managing Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- R••••• L•• M•••• · Chief Executive Officer · since Jul 1, 2013 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Partner (4)
- A••••• P•••• · Managing Director · since Jul 1, 2013 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- H••••• F•••••••• · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- H••••• F•••••••• · Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- R•• V•••••••• · Partner Emeritus · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Principal (3)
- A••••• H••••• · Principal · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- C•••• C••••••••• · Principal, Product & Technology · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- K•••• B••• · Principal · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Vice president (2)
- C•• H•••••• · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- H••••• M••••• · Senior Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Associate (1)
- S•• N•••••• · Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Analyst (1)
- N••••••• S••••••••• · Analyst · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Platform (3)
- S•••• A•••••• · Executive Assistant · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S••• W••••••• · Chief Compliance Officer And Chief Financial Officer · since Oct 1, 2018 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- S••• W••••••• · Chief Financial Officer · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
2 former (kept with end dates)
- H•••••• J••• M••••• · Chief Operating Officer · Jul 1, 2014 to Mar 21, 2019 Inference
- T••••• B••••• C••••••• · Chief Operations Officer · Mar 1, 2021 to Jan 31, 2024 Inference
Portfolio
5 relationships, 1 platforms, 0 add-ons
| Company | Role | Status | Invested | Held | Partner | Source |
|---|---|---|---|---|---|---|
| B•• | Platform | active | Apr 28, 2026 transaction announcement | 5 months | H••••• F•••••••• (confirmed) | Fact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS) |
| C••• S•••• ••••••••• | Role unknown | active | unknown | unknown | unknown | Fact Investment organization websites (team, portfolio, strategy, criteria, news) |
| i•• | Role unknown | active | unknown | unknown | unknown | Fact Investment organization websites (team, portfolio, strategy, criteria, news) |
| R••• C••• S•••• ••••••••• | Role unknown | active | unknown | unknown | unknown | Fact Investment organization websites (team, portfolio, strategy, criteria, news) |
| W•••••• ••••••••• | Role unknown | active | unknown | unknown | unknown | Fact Investment organization websites (team, portfolio, strategy, criteria, news) |
Transactions
1 on record
| Date | Type | Target | This firm’s role | Source |
|---|---|---|---|---|
| Apr 28, 2026 | Majority investment | B•• | Sponsor (confirmed) | s•••••••.com |
Placement agents, lenders, advisers and co-investors
3 relationships
Placement agents (3)
- H••••• C•••••• S••••••••• L•• 3 shared · strong · last Jan 1, 2023
- M•••••• C•••••• A•••••••• L•• 2 shared · recurring · last Jan 1, 2016
- U•• S••••••••• L•• 2 shared · recurring · last Jan 1, 2019
LP commitments
0 disclosed
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
5 most recent
- Apr 30, 2026••• Locked
- Apr 28, 2026••• LockedPlatform investmentFactB••Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- Apr 28, 2026••• Locked
- Mar 25, 2026••• Locked
- Jul 24, 2014••• Locked
Across the graphs
S••••••• C•••••• 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.
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