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F•••• I••••••••• A•••••••• L••

Buyout firmClassification probableLower middle marketSEC registered investment adviser· Evanston, IL

••• Locked

Regulatory AUM
$1.4B
Form ADV
PE fund assets
$12.4M
Form ADV
PE funds
1
Form ADV
Investments held
40 of 100
DFX transaction tape
As of · identity and classification; each section below carries its own date

Nothing material in the last 180 days. Last change: 13 May 2025, Filed a Form D on 13 May 2025, the first public sign that a vehicle is taking commitments.

Classification, Form ADV and stated criteria
How this organization is classified, and on what basisBuyout firm · 1 in historyShow
Class
Buyout firmprobable, confidence 65%
Basis
1 of 2 distinct vehicles are sworn Private Equity Funds; 1 reported gross assets on a filing in 2022 or later
Size band
Lower middle marketdefined by: proxy: $0.01bn Private Equity Fund GAV on the Form ADV filed 2024-07-12
Classification history (1)
  1. Sep 13, 2026
    Buyout firm (probable, 65%)
    1 of 2 distinct vehicles are sworn Private Equity Funds; 1 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)RAUM $1.4B · 1 PE funds · filed Mar 30, 2026Show
Adviser type
Registered investment adviser
Form ADV filings
Mar 28, 2012 to Mar 30, 2026
RAUM
$1.4Bregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing
1
PE fund GAV, latest filing
$12.4Mreported gross assets (Form ADV), not fund size
All private fund GAV
$119Mevery private fund type, latest filing
2024 PE fund GAV
$12.4Msum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime
50%
Fund type mix
  • Other private fund: 1 fund, $107M reported gross assets
  • Private equity fund: 1 fund, $12.4M reported gross assets
Form ADV filed Mar 30, 2026
Employees
34
Headquarters
Evanston, IL
Office address
••• Locked
Business phone
••• Locked
Stated criteria beside observed behaviour2 of 8 criteria stated · 100 observed dealsShow
Stated by the firm
Sectors
not stated or not yet read
Geography
not stated or not yet read
Revenue
not stated or not yet read
EBITDA
from $3.0M
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
100 companies, 100 holdings
Most deals
Software (19 of 100, e.g. Hoonuit and Choice Merchant Solutions), industrial manufacturing (5 of 100), consumer services (1 of 100) and 4 more
Subsectors
Software (19 of 100), miscellaneous manufacturing (3 of 100), chemical manufacturing (1 of 100), printing (1 of 100) and 4 more
Deal roles
100 with role not stated
Control
100 not stated
Where
Fl (2 of 100), ut (1 of 100), ma (1 of 100)

100 companies on the graph (0 transactions); most in software (19); no dated observations

Funds
4 families, 4 vehicles on record
View all 4 vehiclesnewest vintage first, then largest
FundVehicleVintageReported gross assets (Form ADV), not fund sizeGAV by yearForm D soldLifecycle
F•••• C••••• O••••••••• L•••
ADV: Other Private Fund
Credit fund2023
Form D first sale
$107M
as of Mar 30, 2026
$75.3MActive deployment
F•••• E••••• F••• I• L•••buyout or unlabelled2020
Form D first sale
unknownno reportingno Form DUnknown
F•••• E••••• O••••••••• F•••• L•••
ADV: Private Equity Fund
buyout or unlabelled2017
Form D first sale
$12.4M
as of Mar 30, 2026
no Form DHarvest
F•••• E••••• O••••••••• G•• L••buyout or unlabelled2017
Form D first sale
unknownno reportingno Form DUnknown
Team
22 current, 3 former
Full team · 22 peoplegrouped by role, with sources
Managing partner (1)
Partner (17)
Business development (1)
Platform (3)
3 former (kept with end dates)
Deals
100 on record, newest first · 0 platforms · 0 add-ons
DateCompanyDealThis firm’s roleStatusPartnerSource
date unknownB••••••• M••••••• • P••• C••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownC••••••••• R••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownF••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownC••••••••• I••••••••• G••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownG•••••• P••••••• • C•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
All 100 dealsnewest first
DateCompanyDealThis firm’s roleStatusPartnerSource
date unknownB••••••• M••••••• • P••• C••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownC••••••••• R••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownF••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownC••••••••• I••••••••• G••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownG•••••• P••••••• • C•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownB•• G•••• H•••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownH••••• D•••••• T•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA••••• 1••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownB•••• • W•••••• L••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA•••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownC••••••••• G••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownE•••••••• S••••• P•••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownA••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownI•••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownF•••• A••••••••• S••••••• P•••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownF••••• S••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownF•••• M••••••••• I•••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownD••••• H•••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownD•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownC••••• M••••••• S••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownD•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownA••••••• A•••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknown1••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownB••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA••••••••• L•• G••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownC•••••• T••••••••• G••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownI•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownC•• S•••••••• H••••••• ••• C•• T•••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownA••••••••• A••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA••••••• P•••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownB•• O••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownG••••• P••••• S••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownC•••••• B•• L•••• H•••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownC••••••• S••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownE•••• M••••••••• C••••••• I•••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownH•••• T•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownH••••••• H••••• C••• S••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownJ•••• A•• H•••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownE•••••••• G••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA••••••• P••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownA••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownG••••• O•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownI••••••••• P••••••• A•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA•••••• M••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownH••• R•••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownC••••••••• A••••••••• M•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA••••••• B••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownB••••• F•••••• ••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknowne•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownC• C•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownA•••• T••••••••• G••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownF•••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownB•••••• P•••••••• P••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownI•• H••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownF••••••••• W••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownI•• A•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownC••••••••• L••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA•••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownH••••••••• T••••••••• • P•••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownI•••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownC••••••• • G••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownI•••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownI•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownI•••••• T••••••••• S••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownE•• I•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownC••••••••• I•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA•••••• D••• C••••••••• • U•••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownH••••••••• D•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownA••• M•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownB•••• F•••••••• R•••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownE••••••• B••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownC••• B••••••• T•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownC•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownG•••• C•••• T•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownB•• B•• M•••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownB•••• M•••••• G••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA•••••• T••••••••• G••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA•••••••• G•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownB•••• D••••••• F••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownI•••••••• S••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownE•••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownE••••••• B•••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownG••••••••• C•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA••••• F••• S•••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownC•••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownF••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownA•••••••• C••• F•••• P••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownC••••••••• L••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownH•• P••••••••• G••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownA••••••••• R••••••• a•• T•••••••• C•••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownF••••• T••••••• L•••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownA•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownH•••••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownH••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownC•••••••• • I••••••••• H••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownA•••••••••Portfolio relationshipRole unknownactiveunknownFact Firm website
date unknownF•• P•••••••• P•••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownF•• C•••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
date unknownG••••••• Q•••••• T•••••••Portfolio relationshipRole unknownexitedunknownFact Firm website
Placement agents, lenders, advisers and co-investors
1 relationships
Placement agents (1)
  • V•••••••• T••••••••• L••• 1 shared · one time · last Jan 1, 2024
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. Mar 28, 2012
    ••• Locked
    First Form ADV filingFactForm ADV
Across the graphs

F•••• I••••••••• A•••••••• L•• is the same institution as 3 records in Independent Sponsors, RIA and Wealth and Private Credit.

Independent Sponsors1RIA and Wealth1Private Credit1

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.