DFX Intelligence
Private Equity Intelligence
Firms, funds, people, portfolio companies and transactions from sworn filings and cited announcements, kept as a graph with a date and a source on every edge. Reported gross assets are never fund size, regulatory AUM is never dry powder, and a deal value prints only when someone disclosed it.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Firms / N•••••••• C•••••• P•••••••
N•••••••• C•••••• P•••••••
We are a cohesive team investing in non-reimbursed health care and business services companies in the lower middle market
Classification
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- R6: 2 of 2 distinct vehicles are sworn Private Equity Funds; 2 reported gross assets on a filing in 2022 or later
- Size band
- Lower middle marketdefined by: proxy: $0.80bn Private Equity Fund GAV on the Form ADV filed 2024-03-28
Classification history (1)
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 2 of 2 distinct vehicles are sworn Private Equity Funds; 2 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
- Adviser type
- registered investment adviser
- Form ADV filings
- Nov 14, 2016 to Mar 28, 2024
- RAUM
- $946Mregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 2
- PE fund GAV, latest filing
- $799Mreported gross assets (Form ADV), not fund size
- All private fund GAV
- $799Mevery private fund type, latest filing
- 2024 PE fund GAV
- $799Msum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- filed 2024-03-28, latest gav Private Equity Fund $799M, latest counts Private Equity Fund 2, lifetime distinct Private Equity Fund 2
- Employees
- 20
- Headquarters
- Bethesda, MD
- Office address
- 2 BETHESDA METRO CENTER, SUITE 1510, Bethesda, MD, 20814-6319
- Business phone
- 301-272-9990
Stated criteria beside observed behaviour
64 observed deals
Stated by the firm
- Sectors
- business services, healthcare, distribution, technology, manufacturing, life sciences, financial services, transportation logistics, software
- Geography
- not stated or not yet read
- 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
- We invest in leading niche companies in healthcare and business services
Observed from deals on record
- roles
- unknown 61, platform 3
- period
- to 2026-01-01, from 2022-06-15, undated holdings 60, dated observations 7
- window
- last 2025-02-25, first 2022-06-15
- control
- control 3, unknown 61
- companies
- 64
- geography
- count 1, share 0.016, value DC, count 1, share 0.016, value IL
- investments
- 64
- seller kinds
- transactions
- 3
- cadence by year
- 2022 platforms 1, 2025 platforms 1, other deals 1
- platform add on
- add ons 0, platforms 3, add ons per platform 0
- sector known for
- 7
- disclosed value usd
- n 0
- sector distribution
- count 3, share 0.047, value business services, examples Cibt Inc., VMG Health Acquires BSM Consulting, a Healthcare Consulting Firm, United States Drug Testing Laboratories, Inc., count 2, share 0.031, value software, examples Infobase, Exstream Software, count 1, share 0.016, value education, examples Plus Delta Partners, count 1, share 0.016, value healthcare services, examples Empower Community Care
- holding period years
- n 0
- repeat counterparties
- role lender, shared 2, entity id c1fedbda-09d3-4ab4-92e5-ea9893358ac9
- subsector distribution
- count 2, share 0.031, value software, examples Infobase, Exstream Software, count 1, share 0.016, value business support services, examples Cibt Inc., count 1, share 0.016, value management consulting, examples VMG Health Acquires BSM Consulting, a Healthcare Consulting Firm, count 1, share 0.016, value education, examples Plus Delta Partners, count 1, share 0.016, value outpatient mental health substance, examples Empower Community Care, count 1, share 0.016, value other professional services, examples United States Drug Testing Laboratories, Inc.
64 companies on the graph (3 transactions); most in business services (3); 3 platforms and 0 add-ons; observed 2022 to 2026
Funds
2 on record
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| N•••••••• C•••••• P••••••• I•• L• ADV: Private Equity Fund | Buyout fund | 2020 first reported on Form ADV | $461M as of Mar 28, 2024 | no Form D | Active deployment | |
| N•••••••• C•••••• P••••••• I• L• ADV: Private Equity Fund | Buyout fund | 2017 first reported on Form ADV | $337M as of Mar 28, 2024 | no Form D | Harvest |
Team
28 current, 2 former
Partner (10)
- E••••• K••••••••• · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- E••••• K••••••••• · Member · since Apr 1, 2021 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- J• C•••••••• · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- J••••• D••••• · Member · since Apr 1, 2021 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- J••••• D••••• · Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- J••••• D••••• · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S•••• K••••••• · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S••• A••••• E•••• · Member · since Apr 1, 2021 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- S••• E•••• · Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- S••• E•••• · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Principal (1)
- C•••• E•••••• · Principal · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Vice president (4)
- A••• E•••••••• · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- J•••• V••••••••• · Senior Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- V•••••• D•••••• · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Y••• C•• · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Associate (4)
- A•••• C•••••• · Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- H••••• L• · Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- J••• K•••••••• · Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- K•••• C•••••• · Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Operating partner (2)
- C•••• S••••• · Principal, Technology & AI - Value Creation Group · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- J••• H•••• · Vice President, Portfolio Operations - Value Creation Group · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Business development (2)
- C•••• C•••••• · Business Development Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- R••• G•••• · Principal, Business Development · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Platform (5)
- C•••••• E•••• · Office M•••••• · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- D•••• Y•••••• · Accounting & Finance M•••••• · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- M•••••• D••••••••• · Vice President and Controller · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- T••••• M•••••• N••••••••• · Chief C••••••••• Officer And Chief Financial Officer · since Oct 1, 2021 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- T••••• M•••••• N••••••••• · CFO and CCO · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
2 former (kept with end dates)
- D•••• S••••••••• · Member · Apr 1, 2021 to Mar 28, 2024 Inference
- B•••• J•••• F•••• · Chief Financial Officer And Chief C••••••••• Officer · Feb 1, 2017 to Oct 21, 2021 Inference
Portfolio
64 relationships, 3 platforms, 0 add-ons
Transactions
3 on record
| Date | Type | Target | This firm’s role | Source |
|---|---|---|---|---|
| Feb 25, 2025 | Majority investment | P••• D•••• P••••••• | Sponsor (confirmed) | stelluscapital.com |
| Jan 28, 2025 | Platform acquisition | U••••• S••••• D••• T•••••• L••••••••• I••• | Sponsor | stelluscapital.com |
| Jun 15, 2022 | Platform acquisition | I••••••• | Sponsor (confirmed) | twinbridgecapital.com |
Placement agents, lenders, advisers and co-investors
4 relationships
Placement agents (1)
- S••••••• P••••••• L•• 1 shared · one time · last Jan 1, 2021
Lenders (1)
- S•••••• C•••••• M••••••••• L•• 2 shared · recurring · last Feb 25, 2025
Financial advisers (1)
- M•••••••• C•••••• L••• 1 shared · one time · last Jun 15, 2022
Co-investors (1)
- S•••••• C•••••• M••••••••• L•• 1 shared · one time · last Jan 28, 2025
LP commitments
2 disclosed
- S•• D•••• C••• E••••••••• R••••••••• S••••• $6.3M content.sdcers.gov
- S•• D•••• C••• E••••••••• R••••••••• S••••• in N•••••••• C•••••• P••••••• I• L• $10.9M content.sdcers.gov
Events
5 most recent
- May 8, 2026N•••••••• C•••••• P•••••••: Private Equity Funds on Form ADV 2 (2024 extract) -> 3 (roster 2026-09-01)
- Mar 31, 2026S•• D•••• C••• E••••••••• R••••••••• S••••• reports N•••••••• C•••••• P••••••• I, L.P. - IHAM: $6,284,005 committed, vintage 2014, net IRR 40.3%Lp commitment disclosedFactS•• D•••• C••• E••••••••• R••••••••• S•••••P••••• pension private-markets disclosures, read through the venture lane's LP report tape
- Feb 25, 2025S•••••• C•••••• M••••••••• L•• Provides Unitranche Financing in Support of N•••••••• C•••••• P•••••••' Investment in P••• D•••• P•••••••
- Jun 15, 2022Twin Bridge I•••••• in I•••••••Platform investmentFactI•••••••Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- Nov 14, 2016N•••••••• C•••••• P••••••• first filed Form ADV in the extract (IA)
Across the graphs
N•••••••• C•••••• P••••••• is the same institution as 3 records in Independent Sponsors, RIA and Wealth and Allocators.
Independent Sponsors1RIA and Wealth1Allocators1
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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