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Hybrid managerClassification probableunsized· Paris

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PE funds
3
Form ADV
Investments held
0 of 9
DFX transaction tape
As of · identity and classification; each section below carries its own date

Nothing material in the last 180 days. Last change: 10 Jan 2023, Filed a Form D on 10 Jan 2023, the first public sign that a vehicle is taking commitments.

Classification, Form ADV and stated criteria
How this organization is classified, and on what basisHybrid manager · 1 in historyShow
Class
Hybrid managerprobable, confidence 65%
Basis
Private Equity Funds are 0 of 1 distinct vehicles; hedge, securitized or liquidity vehicles 0
Size band
unsizeddefined by: no Private Equity Fund GAV on a filing from 2021 or later
Classification history (1)
  1. Sep 14, 2026
    Hybrid manager (probable, 65%)
    Private Equity Funds are 0 of 1 distinct vehicles; hedge, securitized or liquidity vehicles 0
Regulatory footprint (Form ADV)3 PE funds · filed Mar 24, 2026Show
Adviser type
unknown
Form ADV filings
? to Mar 24, 2026
RAUM
unknownregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing
3
PE fund GAV, latest filing
unknownreported gross assets (Form ADV), not fund size
All private fund GAV
$643Mevery private fund type, latest filing
2024 PE fund GAV
unknownsum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime
unknown
Employees
unknown
Stated criteria beside observed behaviour1 of 8 criteria stated · 9 observed dealsShow
Stated by the firm
Sectors
Infrastructure
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
not stated or not yet read
Observed from deals on record
On record
9 companies, 9 holdings
Most deals
Industrial services (1 of 9, e.g. WRM), energy (1 of 9), tech enabled services (1 of 9)
Subsectors
Waste treatment (1 of 9), energy (1 of 9), data processing hosting (1 of 9)
Deal roles
9 with role not stated
Control
9 not stated

9 companies on the graph (0 transactions); most in industrial services (1); no dated observations

Funds
1 family, 1 vehicles on record
View all 1 vehiclenewest vintage first, then largest
FundVehicleVintageReported gross assets (Form ADV), not fund sizeGAV by yearForm D soldLifecycle
B••• O•••• S••buyout or unlabelled2021
Form D first sale
unknownno reporting$213MUnknown
Team
0 current, 0 former
No current team member collected yet. People arrive from Form ADV Schedule A and B and from the firm’s own team page.
Deals
9 on record, newest first · 0 platforms · 0 add-ons
DateCompanyDealThis firm’s roleStatusPartnerSource
date unknownT•••• V•••••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownD••••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownS•••• E•••••••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownO•••••••••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownL• D•••• T••• N•Portfolio relationshipRole unknownunknownunknownFact Firm website
All 9 dealsnewest first
DateCompanyDealThis firm’s roleStatusPartnerSource
date unknownT•••• V•••••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownD••••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownS•••• E•••••••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownO•••••••••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownL• D•••• T••• N•Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownE•••••••••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownW••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownM••••••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownO••••••••Portfolio relationshipRole unknownunknownunknownFact Firm website
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 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
2 most recent
  1. Jul 27, 2026
    ••• Locked
    Firm newsFactFirm website
  2. May 2, 2025
    ••• Locked
    New PE adviser on rosterFactForm ADV

Not yet on record: regulatory AUM, PE fund assets, deals, last 12 months.