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A•••• F••• M••••••••• L••

Venture firm with private equity activityClassification probableLower middle marketSEC registered investment adviser· Philadelphia, PA

••• Locked

Regulatory AUM
$1.1B
Form ADV
PE fund assets
$28.0M
Form ADV
PE funds
2
Form ADV
Investments held
0 of 46
DFX transaction tape
As of · identity and classification; each section below carries its own date
Classification
How this organization is classified, and on what basisVenture firm with private equity activity · 2 in historyShow
Class
Venture firm with private equity activityprobable, confidence 80%
Basis
Own website statement
Size band
Lower middle marketdefined by: proxy: $0.02bn Private Equity Fund GAV on the Form ADV filed 2024-03-28
Classification history (2)
  1. Sep 18, 2026
    Venture firm with private equity activity (probable, 80%)
    Own website statement
    ••• Locked
    a•••••••••.com
  2. Sep 13, 2026
    Candidate (candidate, 40%)
    Admitted on 1 Private Equity Fund(s) among 11 vehicles; no rule fired
Regulatory footprint (Form ADV)
Adviser type
Registered investment adviser
Form ADV filings
Jun 15, 2012 to Mar 31, 2026
RAUM
$1.1Bregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing
2
PE fund GAV, latest filing
$28.0Mreported gross assets (Form ADV), not fund size
All private fund GAV
$198Mevery private fund type, latest filing
2024 PE fund GAV
$28.0Msum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime
18%
Fund type mix
  • Real estate fund: 8 funds, $170M reported gross assets, 9 ever reported
  • Private equity fund: 2 funds, $28.0M reported gross assets
Form ADV filed Mar 31, 2026
Employees
22
Headquarters
Philadelphia, PA
Office address
••• Locked
Business phone
••• Locked
Stated criteria beside observed behaviour
46 observed deals
Stated by the firm
Sectors
Real estate, industrials, transportation logistics, technology
Geography
United States
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
On record
46 companies, 46 holdings
Period
1993 to 2022 (41 dated observations, 5 holdings undated)
Most deals
Education (1 of 46, e.g. Hilton University of Florida), transportation logistics (1 of 46)
Subsectors
Education (1 of 46), warehousing (1 of 46)
Deal roles
46 with role not stated
Control
46 not stated

46 companies on the graph (0 transactions); most in education (1); observed 1993 to 2022

Funds
6 on record
FundVehicleVintageReported gross assets (Form ADV), not fund sizeGAV by yearForm D soldLifecycle
R•• A•••• D•••••• V••••••• F••• L•
ADV: Private Equity Fund
buyout or unlabelled2023
Form D first sale
$25.4M
as of Mar 31, 2026
$18.1MEarly deployment
A•••• F••••••••• L••
ADV: Private Equity Fund
buyout or unlabelled2022
Form D first sale
$2.6M
as of Mar 31, 2026
$5.3MUnknown
A•••• R••• E••••• P••••••• I•••• L••
ADV: R••• E••••• Fund
Real estate fund2016
first reported on Form ADV
$330,334
as of Mar 31, 2026
no Form DHarvest
A•••• R••• E••••• P••••••• I•• L•
ADV: R••• E••••• Fund
Real estate fund2014
first reported on Form ADV
$5.5M
as of Mar 31, 2026
no Form DHarvest
A•••• O••••••••• F••• I•• L•
ADV: R••• E••••• Fund
buyout or unlabelled2014
first reported on Form ADV
$174,872
as of Mar 31, 2026
no Form DHarvest
A•••• R••• E••••• P••••••• I• L•
ADV: R••• E••••• Fund
Real estate fundunknown$2.7M
as of Mar 31, 2026
no Form DHarvest
Team
28 current, 2 former
Managing partner (3)
Partner (9)
Principal (2)
Associate (1)
Investor relations (1)
Board or advisory (2)
Platform (9)
Other (1)
2 former (kept with end dates)
Portfolio
46 relationships, 0 platforms, 0 add-ons
CompanyRoleStatusInvestedHeldPartnerSource
9••• W•••••••••Role unknownunknownJan 1, 2022
year stated on the firm's page
4.7 yearsunknownFact Firm website
D•••• • D•••••••••Role unknownunknownJan 1, 2021
year stated on the firm's page
5.7 yearsunknownFact Firm website
E••• I••• K•• P••••••••Role unknownunknownJan 1, 2021
year stated on the firm's page
5.7 yearsunknownFact Firm website
E••••••Role unknownunknownJan 1, 2021
year stated on the firm's page
5.7 yearsunknownFact Firm website
G•••• B•• S•• F••••••••Role unknownunknownJan 1, 2021
year stated on the firm's page
5.7 yearsunknownFact Firm website
G•• S•••••• B••Role unknownunknownJan 1, 2021
year stated on the firm's page
5.7 yearsunknownFact Firm website
H•••• L•••• I••••••••• P••••••••Role unknownunknownJan 1, 2021
year stated on the firm's page
5.7 yearsunknownFact Firm website
I••••••••• L•••• I••••••••• P••••••••Role unknownunknownJan 1, 2021
year stated on the firm's page
5.7 yearsunknownFact Firm website
P•••••• B••••••• P•••Role unknownunknownJan 1, 2021
year stated on the firm's page
5.7 yearsunknownFact Firm website
S•••••••••Role unknownunknownJan 1, 2021
year stated on the firm's page
5.7 yearsunknownFact Firm website
S••••••••• B••••••• P•••Role unknownunknownJan 1, 2021
year stated on the firm's page
5.7 yearsunknownFact Firm website
A••••••• P••••••••Role unknownunknownJan 1, 2020
year stated on the firm's page
6.7 yearsunknownFact Firm website
B••••••••• P•••Role unknownunknownJan 1, 2020
year stated on the firm's page
6.7 yearsunknownFact Firm website
4••• B•••••••Role unknownunknownJan 1, 2019
year stated on the firm's page
7.7 yearsunknownFact Firm website
E••• 1•••Role unknownunknownJan 1, 2019
year stated on the firm's page
7.7 yearsunknownFact Firm website
A••••••• a•• W•••• W•••• B••••••• P••• P••••••••Role unknownunknownJan 1, 2018
year stated on the firm's page
8.7 yearsunknownFact Firm website
C••••• C•••• I••••••••• B••••••• C•••••Role unknownunknownJan 1, 2018
year stated on the firm's page
8.7 yearsunknownFact Firm website
E•••••• S••••• • C•••• C••••Role unknownunknownJan 1, 2018
year stated on the firm's page
8.7 yearsunknownFact Firm website
L• M••••••• N••Role unknownunknownJan 1, 2018
year stated on the firm's page
8.7 yearsunknownFact Firm website
P• I••••••••• P••••••••Role unknownunknownJan 1, 2018
year stated on the firm's page
8.7 yearsunknownFact Firm website
B••• C••••• • G•••••Role unknownunknownJan 1, 2017
year stated on the firm's page
9.7 yearsunknownFact Firm website
S••••••• A••••••Role unknownunknownJan 1, 2017
year stated on the firm's page
9.7 yearsunknownFact Firm website
1••• M••••• S•••••Role unknownunknownJan 1, 2016
year stated on the firm's page
10.7 yearsunknownFact Firm website
H••••• U••••••••• o• F••••••Role unknownunknownJan 1, 2016
year stated on the firm's page
10.7 yearsunknownFact Firm website
H••••• S•••• C•••Role unknownunknownJan 1, 2015
year stated on the firm's page
11.7 yearsunknownFact Firm website
T•• W•••••••• G••••Role unknownunknownJan 1, 2015
year stated on the firm's page
11.7 yearsunknownFact Firm website
1•••••• F••• F••••Role unknownunknownJan 1, 2013
year stated on the firm's page
13.7 yearsunknownFact Firm website
L• M••••••• D••••• b• t•• G•••••••Role unknownunknownJan 1, 2013
year stated on the firm's page
13.7 yearsunknownFact Firm website
T•••• 1•••Role unknownunknownJan 1, 2013
year stated on the firm's page
13.7 yearsunknownFact Firm website
L••• E•• R•••••Role unknownunknownJan 1, 2012
year stated on the firm's page
14.7 yearsunknownFact Firm website
W••••• A•••••• P•••••••• N••••Role unknownunknownJan 1, 2012
year stated on the firm's page
14.7 yearsunknownFact Firm website
B••••••• B•••••• C•••••Role unknownunknownJan 1, 2001
year stated on the firm's page
25.7 yearsunknownFact Firm website
T•• O••• C•••••••• H••••Role unknownunknownJan 1, 2001
year stated on the firm's page
25.7 yearsunknownFact Firm website
T•• S•••• H••••Role unknownunknownJan 1, 2001
year stated on the firm's page
25.7 yearsunknownFact Firm website
R••••••••• B••••••• G••••Role unknownunknownJan 1, 2000
year stated on the firm's page
26.7 yearsunknownFact Firm website
T•• R••••••••• a• T•• R••••••••• P•••••••••Role unknownunknownJan 1, 2000
year stated on the firm's page
26.7 yearsunknownFact Firm website
C•••• M•••••••• B•••••••Role unknownunknownJan 1, 1998
year stated on the firm's page
28.7 yearsunknownFact Firm website
N•••• A••••••• B•••••••Role unknownunknownJan 1, 1995
year stated on the firm's page
31.7 yearsunknownFact Firm website
S•••• P••• C•••••Role unknownunknownJan 1, 1995
year stated on the firm's page
31.7 yearsunknownFact Firm website
J•••• R••• B•••••••Role unknownunknownJan 1, 1994
year stated on the firm's page
32.7 yearsunknownFact Firm website
T•• R••••••••• P•••••••••Role unknownunknownJan 1, 1993
year stated on the firm's page
33.7 yearsunknownFact Firm website
1••• B•••••••Role unknownunknownunknownunknownunknownFact Firm website
4•• S••••• A••Role unknownunknownunknownunknownunknownFact Firm website
C••••••• • 9••Role unknownunknownunknownunknownunknownFact Firm website
U•••• L••• S•••••• C•••••Role unknownunknownunknownunknownunknownFact Firm website
W••• A•••••••••Role unknownunknownunknownunknownunknownFact Firm website
Transactions
0 on record
No transaction naming this firm has been collected yet. The deal tape is read from SEC filings and cited announcements.
Placement agents, lenders, advisers and co-investors
3 relationships
Placement agents (3)
  • C••••••••• W••••• A•••••••• L•• 4 shared · strong · last Jan 1, 2016
  • E•••• F•••••••• C••••••••• L•• 1 shared · one time · last Jan 1, 2021
  • T••••••••• C•••••• 1 shared · one time · last Jan 1, 2024
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
2 most recent
  1. Mar 31, 2026
    ••• Locked
    PE fund count changedFactForm ADV
  2. Jun 15, 2012
    ••• Locked
    First Form ADV filingFactForm ADV
Across the graphs

A•••• F••• M••••••••• L•• is the same institution as 3 records in Independent Sponsors, RIA and Wealth and Real Estate Funds.

Independent Sponsors1RIA and Wealth1Real Estate Funds1

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: deals, last 12 months.