DFX Intelligence
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B••• D•• E••••• P•••••••• L••
Buyout firmClassification confirmedLower middle marketSEC exempt reporting adviser· Sioux Falls, SDb•••••••••.com
••• Locked
As of · identity and classification; each section below carries its own date
- Regulatory AUM
- Not established
- PE fund assets
- $47.3M
- PE funds
- 8
- Investments held
- 2 of 7
- Deals, last 12 months
- 0
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
- Sectors hospitality_leisureGeography Midwest
- Graphs 1
Classification
How this organization is classified, and on what basisBuyout firm · 2 in historyShowHide
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- R6: 11 of 11 distinct vehicles are sworn Private Equity Funds; 10 reported gross assets on a filing in 2022 or later
- Size band
- Lower middle marketdefined by: proxy: $0.05bn Private Equity Fund GAV on the Form ADV filed 2024-03-04
Classification history (2)
- Sep 18, 2026Hybrid manager (probable, 65%, cls-pe-2)R4: Private Equity Funds are 0 of 1 distinct vehicles; hedge, securitized or liquidity vehicles 0
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 11 of 11 distinct vehicles are sworn Private Equity Funds; 10 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
- Adviser type
- exempt reporting adviser
- Form ADV filings
- Oct 30, 2014 to Mar 30, 2026
- RAUM
- unknownregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 8
- PE fund GAV, latest filing
- $47.3Mreported gross assets (Form ADV), not fund size
- All private fund GAV
- $45.8Mevery private fund type, latest filing
- 2024 PE fund GAV
- $47.3Msum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- filed 2024-03-04, latest gav Private Equity Fund $47.3M, latest counts Private Equity Fund 10, lifetime distinct Private Equity Fund 11
- Employees
- unknown
- Headquarters
- Sioux Falls, SD
- Office address
- ••• Locked
- Business phone
- ••• Locked
Stated criteria beside observed behaviour
6 observed deals
Stated by the firm
- Sectors
- hospitality leisure
- Geography
- Midwest
- 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
- not stated or not yet read
Observed from deals on record
- roles
- unknown 5, platform 2
- period
- to 2024-07-10, from 2024-07-10, undated holdings 5, dated observations 4
- window
- last 2024-07-10, first 2024-07-10
- control
- control 2, unknown 5
- companies
- 6
- geography
- investments
- 7
- seller kinds
- transactions
- 2
- cadence by year
- 2024 platforms 2
- platform add on
- add ons 0, platforms 2, 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
6 companies on the graph (2 transactions); 2 platforms and 0 add-ons; observed 2024 to 2024
Funds
11 on record
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| B••• D•• P•••••• B••• L•• ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $2.2M as of Mar 4, 2024 | no Form D | Unknown | |
| B••• D•• H••••••••• F••• 3• L•• ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $1.1M as of Mar 4, 2024 | no Form D | Unknown | |
| B••• D•• H••••••••• F••• 2• L•• ADV: Private Equity Fund | buyout or unlabelled | 2019 first reported on Form ADV | $13.1M as of Mar 4, 2024 | no Form D | Mature | |
| B••• D•• S•• L•• ADV: Private Equity Fund | buyout or unlabelled | 2018 first reported on Form ADV | $1.5M as of Mar 4, 2024 | no Form D | Mature | |
| B••• D•• H••••••••• L•• ADV: Private Equity Fund | buyout or unlabelled | 2017 first reported on Form ADV | $10.8M as of Mar 4, 2024 | no Form D | Mature | |
| B••• D•• P••••• L•• ADV: Private Equity Fund | buyout or unlabelled | 2016 first reported on Form ADV | $55,000 as of Mar 4, 2024 | no Form D | Mature | |
| N••••• N••••••• L•••• L•• L•• ADV: Private Equity Fund | buyout or unlabelled | 2015 first reported on Form ADV | $2.0M as of Mar 4, 2024 | no Form D | Mature | |
| N••••• V•••••• P••••••• F••• I• L•• ADV: Private Equity Fund | buyout or unlabelled | unknown | $7.2M as of Mar 4, 2024 | no Form D | Mature | |
| N••••• V•••••• P••••••• F••• I•• L•• ADV: Private Equity Fund | buyout or unlabelled | unknown | $5.8M as of Mar 4, 2024 | no Form D | Mature | |
| N••••• V•••••• P••••••• F••• I••• L•• ADV: Private Equity Fund | buyout or unlabelled | unknown | $3.7M as of Mar 4, 2024 | no Form D | Mature | |
| N••••• T••• G•••• L•• ADV: Private Equity Fund | buyout or unlabelled | unknown | $675,000 as of Mar 31, 2015 | no Form D | Wound down |
Team
8 current, 2 former
Managing partner (2)
- K••• A••••• S••••• · President/CEO · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- P••• A•••• S••••• · Chief Executive Officer · since Dec 1, 1990 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Partner (3)
- C••• D•••• H•••• · Manager · since May 1, 2008 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- K••• A••••• S••••• · Manager · since Dec 1, 2017 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- P••• A•••• S••••• · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Platform (3)
- J•••• H•••••• · Executive Assistant · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- L•••• S••••• · Chief Financial Officer · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- L•••• S••••• · Chief Financial Officer · since Sep 1, 2022 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
2 former (kept with end dates)
- J••• L••• P••• · Chief Financial Officer & Treasurer · Feb 1, 2015 to Mar 30, 2019 Inference
- N••••• J•• S••••• · Chief Financial Officer & Treasurer · May 1, 2018 to Jun 30, 2020 Inference
Portfolio
7 relationships, 2 platforms, 0 add-ons
Transactions
1 on record
| Date | Type | Target | This firm’s role | Source |
|---|---|---|---|---|
| Jul 10, 2024 | Platform acquisition | B••• W•••••• G••••• | Sponsor (confirmed), Sponsor (confirmed) | b•••••••••.com |
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 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
7 most recent
- Mar 30, 2026••• Locked
- Feb 26, 2026••• Locked
- Nov 22, 2024••• Locked
- Jul 16, 2024••• Locked
- Jul 10, 2024••• Locked
- Jul 10, 2024••• Locked
- Oct 30, 2014••• Locked
Across the graphs
B••• D•• E••••• P•••••••• L•• is the same institution as 1 record in Independent Sponsors.
Independent Sponsors1
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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