DFX Intelligence
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B•••• D••••• C•••••• I••••••••• M••••••••• I••
Buyout firmClassification confirmedLower middle marketSEC registered investment adviser· USb•••••••••.com
••• Locked
As of · identity and classification; each section below carries its own date
- Regulatory AUM
- $396M
- PE fund assets
- $450M
- PE funds
- 15
- Investments held
- 14 of 14
- 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 technology
- Graphs 1
- RAUM $396M
Classification
How this organization is classified, and on what basisBuyout firm · 1 in historyShowHide
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- R6: 18 of 18 distinct vehicles are sworn Private Equity Funds; 15 reported gross assets on a filing in 2022 or later
- Size band
- Lower middle marketdefined by: proxy: $0.45bn Private Equity Fund GAV on the Form ADV filed 2024-10-01
Classification history (1)
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 18 of 18 distinct vehicles are sworn Private Equity Funds; 15 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
- Adviser type
- registered investment adviser
- Form ADV filings
- Jul 14, 2022 to Apr 3, 2026
- RAUM
- $396Mregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 15
- PE fund GAV, latest filing
- $450Mreported gross assets (Form ADV), not fund size
- All private fund GAV
- $396Mevery private fund type, latest filing
- 2024 PE fund GAV
- $388Msum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- filed 2024-10-01, latest gav Private Equity Fund $450M, latest counts Private Equity Fund 18, lifetime distinct Private Equity Fund 18
- Employees
- 12
- Business phone
- ••• Locked
Stated criteria beside observed behaviour
14 observed deals
Stated by the firm
- Sectors
- technology
- 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 14
- period
- to unknown, from unknown, undated holdings 14, dated observations 0
- window
- last unknown, first unknown
- control
- unknown 14
- companies
- 14
- geography
- investments
- 14
- seller kinds
- transactions
- 0
- cadence by year
- platform add on
- add ons 0, platforms 0, add ons per platform unknown
- sector known for
- 2
- disclosed value usd
- n 0
- sector distribution
- count 1, share 0.071, value education, examples D•••••s Academy, count 1, share 0.071, value software, examples GenAspire
- holding period years
- n 0
- repeat counterparties
- subsector distribution
- count 1, share 0.071, value education, examples D•••••s Academy, count 1, share 0.071, value software, examples GenAspire
14 companies on the graph (0 transactions); most in education (1); no dated observations
Funds
15 on record, 4 more on the reporting tape
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| B•••• D••••• C•••••• A••••••••• I•• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $15.8M as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• C•••••• A••••••••• V• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $15.8M as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• C•••••• S••••• 1• O•••••••• L••• ADV: Private Equity Fund | Feeder or parallel | 2024 first reported on Form ADV | $14.9M as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• C•••••• A••••••••• I••• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $10.3M as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• C•••••• S••••• 5•• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $7.7M as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• C•••••• S••••• 7• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $1.2M as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• C•••••• S••••• 1•• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $972,125 as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• C•••••• A••••••••• I• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $937,190 as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• S••••• 3• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $707,545 as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• C•••••• A••••••••• I•• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $275,000 as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• C•••••• S••••• 1•• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $235,509 as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• C•••••• S••••• 1•• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $18,116 as of Oct 1, 2024 | no Form D | Unknown | |
| B•••• D••••• C•••••• S••••• 1••• L••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $12,456 as of Oct 1, 2024 | no Form D | Unknown | |
| B•• F••• I• C••••••• I• L• ADV: Private Equity Fund | Co-investment vehicle | unknown | $241M as of Oct 1, 2024 | no Form D | Early deployment | |
| B•••• D••••• C•••••• F••• I• ADV: Private Equity Fund | buyout or unlabelled | unknown | $78.1M as of Oct 1, 2024 | no Form D | Early deployment |
Gross assets by year from the annual reporting tape
These funds appear in this adviser’s Form ADV reporting. One row per fund per year (the latest filing of that year). Values are reported gross assets, not fund size.
| Fund | Type (ADV) | Years | Path | Latest reported GAV | Source |
|---|---|---|---|---|---|
| B•••• D••••• C•••••• S••••• 1• L••• | Private Equity Fund | 2024 to 2026 | $64.4M filed Apr 3, 2026 | reports.adviserinfo.sec.gov | |
| B•••• D••••• C•••••• F•••••• F•••• L••• | Private Equity Fund | 2026 to 2026 | $60.8M filed Apr 3, 2026 | reports.adviserinfo.sec.gov | |
| B•••• D••••• C•••••• S••••• 1•• L••• | Private Equity Fund | 2024 to 2026 | $5.9M filed Apr 3, 2026 | reports.adviserinfo.sec.gov | |
| B•••• D••••• C•••••• S••••• 1••• L••• | Private Equity Fund | 2024 to 2026 | $2.4M filed Apr 3, 2026 | reports.adviserinfo.sec.gov |
Team
5 current, 1 former
Managing partner (3)
- B••••• P••••• · Former President, BECU. Chair of FinTech Fund, Financial Technology · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- L•••• H•••••••• · Chief Executive Officer · since Mar 1, 2014 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- L•••• H•••••••• · Founder, Chairman and CEO · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Platform (2)
- A• C••••••••• D•••••• · General Counsel · since Jan 1, 2022 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- W••• C••••••••• B••••• · Chief Compliance Officer · since Aug 1, 2023 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
1 former (kept with end dates)
- D••••• J•••• C••••••• · Chief Compliance Officer And Chief Financial Officer · Jun 1, 2017 to Apr 1, 2024 Inference
Portfolio
14 relationships, 0 platforms, 0 add-ons
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
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 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
- Apr 3, 2026••• Locked
- Jul 14, 2022••• Locked
Across the graphs
B•••• D••••• C•••••• I••••••••• M••••••••• I•• is the same institution as 1 record in RIA and Wealth.
RIA 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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