DFX Intelligence
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V•••• I••••••••• G•••• L••
Buyout firmClassification confirmedMiddle marketSEC registered investment adviser· Burlingame, CAv••••••••.com
••• Locked
As of · identity and classification; each section below carries its own date
- Regulatory AUM
- $1.3B
- PE fund assets
- $1.2B
- PE funds
- 12
- Investments held
- 0 of 3
- Deals, last 12 months
- Not established
Form ADV
Form ADV
Form ADV
DFX transaction tape
As of · identity and classification; each section below carries its own date
Why this matters
- Sectors distribution
- Graphs 2
- Placement agents 4
Classification
How this organization is classified, and on what basisBuyout firm · 1 in historyShowHide
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- R6: 20 of 20 distinct vehicles are sworn Private Equity Funds; 12 reported gross assets on a filing in 2022 or later
- Size band
- Middle marketdefined by: proxy: $1.24bn Private Equity Fund GAV on the Form ADV filed 2024-03-28
- Strategies
- PRIVATE CREDIT
Classification history (1)
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 20 of 20 distinct vehicles are sworn Private Equity Funds; 12 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
- Adviser type
- registered investment adviser
- Form ADV filings
- Feb 15, 2012 to Mar 28, 2024
- RAUM
- $1.3Bregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 12
- PE fund GAV, latest filing
- $1.2Breported gross assets (Form ADV), not fund size
- All private fund GAV
- $1.2Bevery private fund type, latest filing
- 2024 PE fund GAV
- $1.2Bsum 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 $1.2B, latest counts Private Equity Fund 12, lifetime distinct Private Equity Fund 20
- Employees
- 14
- Headquarters
- Burlingame, CA
- Office address
- ••• Locked
- Business phone
- ••• Locked
Stated criteria beside observed behaviour
2 observed deals
Stated by the firm
- Sectors
- distribution
- 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
- ••• Locked
Observed from deals on record
- roles
- unknown 3
- period
- to unknown, from unknown, undated holdings 3, dated observations 0
- window
- last unknown, first unknown
- control
- unknown 3
- companies
- 2
- geography
- investments
- 3
- seller kinds
- transactions
- 0
- cadence by year
- platform add on
- add ons 0, platforms 0, 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
2 companies on the graph (0 transactions); no dated observations
Funds
20 on record
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| M• A••••••• H••••••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $16.5M as of Mar 28, 2024 | no Form D | Unknown | |
| Z••••••• A••••••• P••••••• I• ••••••••• L••• ADV: Private Equity Fund | Feeder or parallel | 2023 first reported on Form ADV | $34.5M as of Mar 28, 2024 | no Form D | Early deployment | |
| Z•• 2• L•••••• • P••••• S••••• C••••••••• O••• ADV: Private Equity Fund | Co-investment vehicle | 2023 first reported on Form ADV | $0 as of Mar 30, 2023 | no reporting | no Form D | Unknown |
| V•••• S•••••••• F•••••• I• ••••••••• L••• ADV: Private Equity Fund | Credit fund | 2022 first reported on Form ADV | $424M as of Mar 28, 2024 | no Form D | Early deployment | |
| Z••••••• A••••••• 5• •••••••• L•• • C••••••••• ADV: Private Equity Fund | Co-investment vehicle | 2022 first reported on Form ADV | $18.6M as of Mar 28, 2024 | no Form D | Unknown | |
| V•••• T••••••• F••••••• L•• ADV: Private Equity Fund | buyout or unlabelled | 2020 first reported on Form ADV | $75,831 as of Mar 28, 2024 | no Form D | Unknown | |
| V••••••••• H••••• L•• ADV: Private Equity Fund | buyout or unlabelled | 2019 first reported on Form ADV | $244M as of Mar 28, 2024 | no Form D | Mature | |
| Z••••••• A••••••• P••••••• I• ••••••••• L••• ADV: Private Equity Fund | Feeder or parallel | 2019 first reported on Form ADV | $140M as of Mar 28, 2024 | no Form D | Mature | |
| Z•• L•• ADV: Private Equity Fund | buyout or unlabelled | 2019 first reported on Form ADV | $27.8M as of Mar 28, 2024 | no Form D | Harvest | |
| V•••• S••••••• P••••••••• I• ••••••••• L••• ADV: Private Equity Fund | Feeder or parallel | 2017 first reported on Form ADV | $220M as of Mar 28, 2024 | no Form D | Harvest | |
| V•••• S••••••• P••••••••• I• ••••••••• L••• ADV: Private Equity Fund | buyout or unlabelled | 2017 first reported on Form ADV | $94.3M as of Mar 28, 2024 | no Form D | Successor fundraising | |
| V•••• S••••••• P••••••••• I•• ••••••••• L••• ADV: Private Equity Fund | Feeder or parallel | 2013 first reported on Form ADV | $11.7M as of Mar 28, 2024 | no Form D | Harvest | |
| V•••• S••••••• P••••••••• I•• ••••••••• L••• ADV: Private Equity Fund | buyout or unlabelled | 2013 first reported on Form ADV | $11.4M as of Mar 28, 2024 | no Form D | Harvest | |
| V•••• • R••••••• L• ADV: Private Equity Fund | buyout or unlabelled | unknown | $205M as of Jul 16, 2012 | no Form D | Unknown | |
| V•••• • W•••••• L• ADV: Private Equity Fund | buyout or unlabelled | unknown | $23.7M as of Jul 16, 2012 | no Form D | Unknown | |
| V•••• • S•••••• L• ADV: Private Equity Fund | buyout or unlabelled | unknown | $18.3M as of Jul 16, 2012 | no Form D | Unknown | |
| V•••• • J••••••• L• ADV: Private Equity Fund | buyout or unlabelled | unknown | $14.0M as of Jul 16, 2012 | no Form D | Unknown | |
| V•••• • M•••••••• L• ADV: Private Equity Fund | buyout or unlabelled | unknown | $4.4M as of Jul 16, 2012 | no Form D | Unknown | |
| V•••• • C••••••• L• ADV: Private Equity Fund | buyout or unlabelled | unknown | $3.3M as of Jul 16, 2012 | no Form D | Unknown | |
| V•••• • C•••••••• L• ADV: Private Equity Fund | buyout or unlabelled | unknown | $1.1M as of Jul 16, 2012 | no Form D | Unknown |
Team
20 current, 3 former
Managing partner (1)
- J•••• C•••• W••••• · Founder & CIO · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Partner (9)
- C••••••••• M•••••••• · Partner · since Apr 1, 2011 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- D••••• S•••••• · Managing Director · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- G••• L•••• K••••••••• · Partner · since Apr 1, 2013 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- J•••• C•••• W••••• · Sole Member · since Sep 1, 2009 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- K••• L•••••• · Managing Director · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- M••••• M••••• · Partner · since Feb 1, 2010 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- R••••• O••• R•••••• · Partner · since Sep 1, 2009 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- R••• H•••••••• · FP&A Manager · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- T••• A••••• D•••••• · Partner · since Apr 1, 2013 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Analyst (1)
- E••• P•••• · FP&A Analyst · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Operating partner (1)
- S•••••• D••••• · CTO and Technology Operating Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Platform (7)
- A•••• B••••• · Accounting Manager · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- A•••••• A••••• L•••••• · Chief Compliance Officer · since Mar 1, 2020 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- A•••••• A••••• L•••••• · CFO/COO/CCO · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- C•••••••• W•• · Assistant Controller · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- E••••• W••• · Controller · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- G••• L•••• K••••••••• · Recruiting Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- T••• A••••• D•••••• · Recruiting Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Other (1)
- P••••••• M••••• · Executive Administrator · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
3 former (kept with end dates)
- J•••••• S••••• S•••• · Settlor And Trustee · Aug 1, 1999 to Apr 1, 2013 Inference
- B•••• J•• U••••• · Co-Founder / Senior Advisor · May 1, 2009 to Oct 10, 2013 Inference
- M••• R••••••• A••••• P•••• · Partner · Jul 1, 2009 to Mar 28, 2024 Inference
Portfolio
3 relationships, 0 platforms, 0 add-ons
| Company | Role | Status | Invested | Held | Partner | Source |
|---|---|---|---|---|---|---|
| C••••••• | Role unknown | unknown | unknown | unknown | unknown | Fact Investment organization websites (team, portfolio, strategy, criteria, news) |
| T••••••••• I•••••••• G•••• | Role unknown | exited exited Aug 10, 2022 | unknown | unknown | unknown | Fact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS) |
| T••••••••• I•••••••• G•••• | Role unknown | exited exited Aug 10, 2022 | unknown | unknown | unknown | Fact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS) |
Transactions
2 on record
| Date | Type | Target | This firm’s role | Source |
|---|---|---|---|---|
| Aug 10, 2022 | Exit to a strategic buyer | T••••••••• I•••••••• G•••• | Seller (confirmed) | prnewswire.com |
| Aug 10, 2022 | Exit to a strategic buyer | T••••••••• I•••••••• G•••• | Seller (confirmed) | prnewswire.com |
Placement agents, lenders, advisers and co-investors
4 relationships
Placement agents (4)
- C••••• S••••• S••••••••• •••• L•• 5 shared · very strong · last Jan 1, 2023
- S•••• S••••••••• C••••••••• 4 shared · strong · last Jan 1, 2017
- T••••• 4 shared · strong · last Jan 1, 2017
- D••••• P••••••• L•• 2 shared · recurring · 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
7 most recent
- Sep 16, 2026Bob Badal Joins Lifespark Board
- Nov 3, 2022Lifespark Lifespark to Acquire Livio Health and Gain Investment Stake From Blue Cross and Blue Shield of Minnesota Nov 03, 2022
- Nov 3, 2022T••••••••• V•••• Announces Sale of T••••••••• I•••••••• G•••• to Mitsui Sumitomo I•••••••• Company Aug 10, 2022
- Nov 3, 2022Bitcentral Bitcentral acquires Powr.tv Jan 25, 2022
- Aug 10, 2022T••••••••• V•••• Announces Sale of T••••••••• I•••••••• G•••• to Mitsui Sumitomo I•••••••• Company
- Aug 10, 2022T••••••••• V•••• Announces Sale of T••••••••• I•••••••• G•••• to Mitsui Sumitomo I•••••••• Company
- Feb 15, 2012V•••• I••••••••• G•••• L•• first filed Form ADV in the extract (IA)
Across the graphs
V•••• I••••••••• G•••• 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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