DFX Intelligence
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I•• P••••••• L••
Buyout firmClassification probableLower middle marketSEC exempt reporting adviser· Bethesda, MDi•••••••••.com
••• Locked
As of · identity and classification; each section below carries its own date
- Regulatory AUM
- Not established
- PE fund assets
- $194M
- PE funds
- 7
- Investments held
- 6 of 14
- Deals, last 12 months
- 1
Form ADV
Form ADV
DFX transaction tape
DFX transaction tape
As of · identity and classification; each section below carries its own date
Why this matters
- EBITDA $2.0M to $15.0MRevenue $10.0M to $100MSectors business_services,energy,infrastructure
- Last 12 months 1Most recent 2 months agoPlatform deals 4
- Graphs 2
Classification
How this organization is classified, and on what basisBuyout firm · 2 in historyShowHide
- Class
- Buyout firmprobable, confidence 80%
- Basis
- own website statement
- Size band
- Lower middle marketdefined by: proxy: $0.19bn Private Equity Fund GAV on the Form ADV filed 2024-03-29
Classification history (2)
- Sep 15, 2026
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 7 of 7 distinct vehicles are sworn Private Equity Funds; 7 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
- Adviser type
- exempt reporting adviser
- Form ADV filings
- Oct 11, 2022 to Mar 29, 2024
- RAUM
- unknownregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 7
- PE fund GAV, latest filing
- $194Mreported gross assets (Form ADV), not fund size
- All private fund GAV
- $194Mevery private fund type, latest filing
- 2024 PE fund GAV
- $194Msum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- filed 2024-03-29, latest gav Private Equity Fund $194M, latest counts Private Equity Fund 7, lifetime distinct Private Equity Fund 7
- Employees
- unknown
- Headquarters
- Bethesda, MD
- Office address
- ••• Locked
- Business phone
- ••• Locked
Stated criteria beside observed behaviour
14 observed deals
Stated by the firm
- Sectors
- business services, energy, infrastructure
- Geography
- not stated or not yet read
- Revenue
- $10.0M to $100M
- EBITDA
- $2.0M to $15.0M
- 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 10, platform 4
- period
- to 2026-07-14, from 2014-01-01, undated holdings 4, dated observations 16
- window
- last 2026-07-14, first 2014-07-19
- control
- control 4, unknown 10
- companies
- 14
- geography
- count 1, share 0.071, value GA, count 1, share 0.071, value PA
- investments
- 14
- seller kinds
- family 1, founder 1
- transactions
- 6
- cadence by year
- 2014 platforms 1, 2016 platforms 1, 2018 platforms 1, 2020 platforms 1, 2022 other deals 1, 2026 other deals 1
- platform add on
- add ons 0, platforms 4, add ons per platform 0
- sector known for
- 5
- disclosed value usd
- n 0
- sector distribution
- count 4, share 0.286, value tech enabled services, examples IT / Cybersecurity Services, E&E IT Consulting Services Inc., Ashburn Consulting, Wholly Owned Division of I•• P•••••••, count 1, share 0.071, value business services, examples e&e
- holding period years
- n 0
- repeat counterparties
- subsector distribution
- count 4, share 0.286, value it services msp, examples IT / Cybersecurity Services, E&E IT Consulting Services Inc., Ashburn Consulting, Wholly Owned Division of I•• P•••••••, count 1, share 0.071, value management consulting, examples e&e
14 companies on the graph (6 transactions); most in tech enabled services (4); 4 platforms and 0 add-ons; observed 2014 to 2026
n 5, kind sector, period to 2026-07-14, from 2014-01-01, undated holdings 4, dated observations 16, stated business services,energy,infrastructure, examples IT / Cybersecurity Services, E&E IT Consulting Services Inc., Ashburn Consulting, Wholly Owned Division of I•• P•••••••, observed top tech enabled services, observed share 0.8, stated evidence quote ••• Locked, source url https://i•••••••••.com/
Funds
7 on record
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| I•• P••••••• S••• I• L• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $45.1M as of Mar 29, 2024 | no Form D | Unknown | |
| I•• F•••••• A••••••••• L•• ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $3.9M as of Mar 29, 2024 | no Form D | Unknown | |
| C•• P•••••••• L•• ADV: Private Equity Fund | buyout or unlabelled | unknown | $57.4M as of Mar 29, 2024 | no Form D | Early deployment | |
| I•• R••••••• A••••••••• L•• ADV: Private Equity Fund | buyout or unlabelled | unknown | $39.6M as of Mar 29, 2024 | no Form D | Unknown | |
| I•• A••• H••••••• L•• ADV: Private Equity Fund | Feeder or parallel | unknown | $36.1M as of Mar 29, 2024 | no Form D | Early deployment | |
| I•• A•••••• A••••••••• L•• ADV: Private Equity Fund | buyout or unlabelled | unknown | $7.0M as of Mar 29, 2024 | no Form D | Early deployment | |
| I•• E•• A••••••••• L•• ADV: Private Equity Fund | buyout or unlabelled | unknown | $4.9M as of Mar 29, 2024 | no Form D | Early deployment |
Team
26 current, 3 former
Managing partner (3)
- M•••••• M••••• · CEO, P•• F••• S•••••••• · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- T••••• L•••• R••••••••• · Founder and CEO · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- T••••• R••••••••• · Founder and CEO · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
Partner (5)
- K••••• J•••• P••••••••• · Senior Managing Director & Chief Investment Officer (CIO) · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- K••••• J•••• P••••••••• · Managing Director · since Jan 1, 2020 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- R•••••• M•••• B•••• · Managing Director · since Apr 1, 2022 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- T••••• L•••• R••••••••• · Member · since Oct 1, 2010 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- T••••• S••••••• · Managing Director · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Principal (2)
- L•••• W••••• · Director · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- L•••• W••••• · Director · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
Vice president (3)
- M•••••• S•••• · Senior Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S••••• C•••••• · Senior Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- T••• A•••• · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Business development (1)
- C••••••••• B•••••• · Director, Business Development · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Platform (9)
- C••••••••• B••••• · Chief Financial Officer (CFO) · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- C••••••••• B••••• · Cfo · since Jan 1, 2021 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- J••• R•••• · Vice President, Finance · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- K••• D•••• F••••••• · C••••••ler · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- L••••• J• R••••••• · Coo · since Jan 1, 2023 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- L••••• R••••••• M•••• · Chief Operating Officer (COO) · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S•••••• W••••••• · Managing Director - U••••••••, Growth, and Operations · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- V••••••• A••• G••••••••• · Director, Operations · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- V••••••• A••• G••••••••• · Cco / Director Of Operations · since Aug 1, 2021 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Other (3)
- L•• S••••• · Special Advisor · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- M••• J••••• · Head of AI and Automation · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S•••••• P••••• · Senior Advisor · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
3 former (kept with end dates)
- F••••• T•••• H••••• · Managing Director · Mar 1, 2020 to Mar 29, 2024 Inference
- A•••••• A•••••••• · Managing Director And General Counsel · Mar 1, 2023 to Mar 29, 2024 Inference
- K••• D•••• F••••••• · Arc/C••••••ler · Aug 1, 2021 to Mar 27, 2023 Inference
Portfolio
14 relationships, 4 platforms, 0 add-ons
Transactions
6 on record
| Date | Type | Target | This firm’s role | Source |
|---|---|---|---|---|
| Jul 14, 2026 | Growth investment | S•••••••• L••• S••••••• | Sponsor (confirmed) | prnewswire.com |
| Nov 1, 2022 | Growth investment | F•••••• C•••••••• C•••••• C•••••• | Sponsor (confirmed) | i•••••••••.com |
| Jul 29, 2020 | Platform acquisition | A•••••• C••••••••• | Sponsor (confirmed) | i•••••••••.com |
| Feb 1, 2018 | Platform acquisition | L••••• C••••••• S•••••••• L•• | Sponsor (confirmed) | i•••••••••.com |
| Jun 20, 2016 | Platform acquisition | A•••• F•••• I••• | Sponsor (confirmed) | i•••••••••.com |
| Jul 19, 2014 | Platform acquisition | E•• I• C••••••••• S••••••• I••• | Sponsor (confirmed) | i•••••••••.com |
Placement agents, lenders, advisers and co-investors
1 relationships
Financial advisers (1)
- T•••••••• C•••••• P••••••• 1 shared · one time · last Jul 29, 2020
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
28 most recent
- Jul 14, 2026I•• P••••••• Completes a Growth Investment in S•••••••• L••• S•••••••
- Jul 14, 2026I•• P••••••• Completes a Growth Investment in S•••••••• L••• S•••••••
- Oct 23, 2025I•• P••••••• Closes Single Asset Continuation Vehicle for e&e IT C•••••••••
- Jul 10, 2024I•• P••••••• Announces a $130 Million Dividend Recapitalization of its Three F••• Companies
- Jul 18, 2023I•• P••••••• Has Made a S•••••••• Investment in G••••• Provider eTelligent Group
- Feb 6, 2023A•••••••••s Remain Future Growth Strategy for I•• P••••••• as Black Firm Achieves $1 Billion Revenue M•••
- Nov 1, 2022I•• P••••••• Makes S•••••••• Investment in F•••••• C•••••••• C•••••• C••••••
- Nov 1, 2022I•• P••••••• Makes S•••••••• Investment in F•••••• C•••••••• C•••••• C••••••
- Oct 11, 2022I•• P••••••• L•• first filed Form ADV in the extract (ERA)
- Aug 22, 2022Anser Advisory and LCS Announce Merger as I•• P••••••• Exits Investment
- May 5, 2022I•• P••••••• Announces New Hires and Promotions Across S•••••s
- Mar 15, 2022I•• P••••••• Leads a S•••••••• Growth Investment Into C••• & Duff
- Feb 10, 2021I•• P••••••• Promotes F••••• H••••• to Managing Director
- Dec 7, 2020NAIC and The Toigo Foundation Form Partnership to Fuel the Pipeline of Women in Alternative Investments
- Aug 3, 2020T•••••••• C•••••• P••••••• advises A•••••• C••••••••• on its Sale to I•• P•••••••
- Jul 29, 2020I•• P••••••• Acquires A•••••• C•••••••••, Expanding Its Presence in Government IT Services
- Jul 29, 2020I•• P••••••• Acquires A•••••• C•••••••••, Expanding Its Presence in Government IT Services
- Feb 1, 2018IMB Development Corporation has made an investment in L••••• C••••••• S•••••••• L•• – Everingham & Kerr, Inc.
- Feb 1, 2018IMB Development Corporation has made an investment in L••••• C••••••• S•••••••• L•• – Everingham & Kerr, Inc.
- Jan 31, 2018Black Investment Firm Expands Into Gas And Electric Industry With Shrewd A••••••••• – Black Enterprise
- Jan 30, 2018I•• P••••••• invests in L••••• C••••••• S••••••• – PE Hub
- Jan 30, 2018IMB Development Corp invests in L••••• C••••••• S••••••• – PE Hub
- Jan 25, 2018I•• P••••••• Invests In L••••• C••••••• S•••••••
- Jan 25, 20182017 Highlights And L••••• C••••••• S••••••• A•••••••••
- Jun 20, 2016I•• P••••••• Invests In A•••• F•••• I•••
- Jun 20, 2016I•• P••••••• Invests In A•••• F•••• I•••
- Jul 19, 2014I•• P••••••• Invests In E•• I• C••••••••• S••••••• I•••
- Jul 19, 2014I•• P••••••• Invests In E•• I• C••••••••• S••••••• I•••
Across the graphs
I•• P••••••• 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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