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D•••••••• E••••• M••••••••• L••

Buyout firmClassification probableLower middle marketSEC exempt reporting adviser· Jersey City, NJd•••••••••.com

••• Locked

Regulatory AUM
Not established
PE fund assets
$68.6M
Form ADV
PE funds
1
Form ADV
Investments held
3 of 9
DFX transaction tape
Deals, last 12 months
1
DFX transaction tape
As of · identity and classification; each section below carries its own date
Why this matters
Classification
How this organization is classified, and on what basisBuyout firm · 1 in historyShow
Class
Buyout firmprobable, confidence 65%
Basis
R6: 1 of 1 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: $0.07bn Private Equity Fund GAV on the Form ADV filed 2024-12-17
Classification history (1)
  1. Sep 13, 2026
    Buyout firm (probable, 65%, cls-pe-1)
    R6: 1 of 1 distinct vehicles are sworn Private Equity Funds; 1 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
Adviser type
exempt reporting adviser
Form ADV filings
Dec 17, 2024 to Dec 17, 2024
RAUM
unknownregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing
1
PE fund GAV, latest filing
$68.6Mreported gross assets (Form ADV), not fund size
All private fund GAV
$68.6Mevery private fund type, latest filing
2024 PE fund GAV
$68.6Msum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime
100%
Fund type mix
filed 2024-12-17, latest gav Private Equity Fund $68.6M, latest counts Private Equity Fund 1, lifetime distinct Private Equity Fund 1
Employees
unknown
Headquarters
Jersey City, NJ
Office address
••• Locked
Business phone
••• Locked
Stated criteria beside observed behaviour
8 observed deals
Stated by the firm
Sectors
financial services, technology
Geography
North America
Revenue
from $10.0M
EBITDA
not stated or not yet read
Enterprise value
not stated or not yet read
Equity check
$10.0M to $30.0M
Control
control
Thesis
••• Locked
Observed from deals on record
roles
unknown 7, platform 2
period
to 2025-10-02, from 2024-11-13, undated holdings 6, dated observations 6
window
last 2025-10-02, first 2024-11-13
control
control 2, unknown 7
companies
8
geography
investments
9
seller kinds
transactions
3
cadence by year
2024 other deals 1, 2025 platforms 2
platform add on
add ons 0, platforms 2, add ons per platform unknown
sector known for
1
disclosed value usd
n 0
sector distribution
count 1, share 0.125, value financial services, examples TPG
holding period years
n 0
repeat counterparties
subsector distribution
count 1, share 0.125, value financial services, examples TPG

8 companies on the graph (3 transactions); most in financial services (1); 2 platforms and 0 add-ons; observed 2024 to 2025

Funds
1 on record
FundVehicleVintageReported gross assets (Form ADV), not fund sizeGAV by yearForm D soldLifecycle
D•••••••• E••••• P••••••• F••• I• L•••
ADV: Private Equity Fund
Buyout fundunknown$68.6M
as of Dec 17, 2024
no Form DUnknown
Team
9 current, 0 former
Portfolio
9 relationships, 2 platforms, 0 add-ons
CompanyRoleStatusInvestedHeldPartnerSource
T••••••• D•••••• S••••••••• b•••••••PlatformactiveOct 2, 2025
transaction announcement
12 monthsunknownFact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
T••••••• D•••••• S••••••••• b•••••••PlatformactiveOct 2, 2025
transaction announcement
12 monthsunknownFact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
T••Role unknownactiveNov 13, 2024
transaction announcement
1.9 yearsunknownFact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
C•••• S••••••••Role unknownunknownunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
M•••••••Role unknownunknownunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
N•••••Role unknownunknownunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
P•••••••Role unknownunknownunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
T•••••Role unknownunknownunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
W••••••Role unknownunknownunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
Transactions
2 on record
DateTypeTargetThis firm’s roleSource
Oct 2, 2025Platform acquisitionT••••••• D•••••• S••••••••• b•••••••Sponsor (confirmed), Sponsor (confirmed)cubroadcast.com
Nov 13, 2024Type not statedT••Sponsor (confirmed)tpg.com
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
13 most recent
  1. Apr 23, 2026
    N••••• and Biz Kid$ Launch Financial Literacy Partnership
  2. Oct 2, 2025
    D•••••••• Equity Partners acquires the T••••••• D•••••• S••••••••• b•••••••
  3. Oct 2, 2025
    D•••••••• Equity Partners acquires the T••••••• D•••••• S••••••••• b•••••••
  4. Feb 19, 2025
    Incent Receives Investment from T••••• to Amplify Youth D•••••• Banking S••••••••
  5. Dec 17, 2024
    D•••••••• E••••• M••••••••• L•• first filed Form ADV in the extract (ERA)
  6. Nov 13, 2024
    D•••••••• Equity Partners Announces Strategic Partnership with TPG
  7. Nov 13, 2024
    D•••••••• Equity Partners Announces Strategic Partnership with TPG
  8. Nov 29, 2023
    T••••• Appoints Tom Shen, S•••• C••••••, Laurent Desmangles to Board of Directors
  9. Oct 11, 2023
    New Qualtrics and WorkJam Partnership Empowers Every Frontline Employee to Deliver Better Customer Experiences
  10. Jun 21, 2023
    T••••• Partners with Silicon Valley-Based Star One Credit Union to Implement New Instant Payment Solution, Now Certified For Federal Reserve’s FedNowSM Service
  11. May 24, 2023
    Diverse-led emerging manager D•••••••• targets $300m for Fund I
  12. Apr 27, 2023
    T••••• Partners with D•••••••• Equity Partners to Innovate and Scale the D•••••• Experience for Community Financial Institutions
  13. Nov 22, 2022
    Software Company WorkJam Gets $50 Million Growth Investment
Across the graphs

D•••••••• E••••• M••••••••• L•• is the same institution as 1 record in Independent Sponsors.

Independent Sponsors1

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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