DFX Intelligence

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S••••• B••••• • H•••••

Hybrid managerClassification probableunsizedSEC registered investment adviser· Chicago, ILs••••.com

••• Locked

As of 2026-09-21 · identity and classification; each section below carries its own date

Regulatory AUM: $23B
PE fund assets: Not established
PE funds: 0
Investments held: 2 of 2
Deals, last 12 months: 1

Funds and vehicles Team (6)Transactions

As of 2026-09-21 · identity and classification; each section below carries its own date

Why this matters

Closed 1 transactions in the last twelve months, 2 in the last three years.
2026-05-13
Last 12 months 1Most recent 4 months agoPlatform deals 1
Also held on 2 other DFX graphs, so its behaviour can be read from more than one side.
Graphs 2
Reported $23B of regulatory assets at its last Form ADV filing.
2026-07-13
RAUM $23B

Classification

How this organization is classified, and on what basisHybrid manager · 1 in historyShow

Class: Hybrid managerprobable, confidence 65%
Basis: R4: Private Equity Funds are 0 of 11 distinct vehicles; hedge, securitized or liquidity vehicles 2
Size band: unsizeddefined by: no Private Equity Fund GAV on a filing from 2021 or later

Classification history (1)

Sep 13, 2026
Hybrid manager (probable, 65%, cls-pe-1)
R4: Private Equity Funds are 0 of 11 distinct vehicles; hedge, securitized or liquidity vehicles 2

Regulatory footprint (Form ADV)

Adviser type: registered investment adviser
Form ADV filings: Mar 29, 2012 to Jul 13, 2026
RAUM: $23Bregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing: 0
PE fund GAV, latest filing: unknownreported gross assets (Form ADV), not fund size
All private fund GAV: $140Mevery 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: 0%
Fund type mix: filed 2024-11-20, latest gav Other Private Fund $164M, latest counts Other Private Fund 7, lifetime distinct Hedge Fund 2, Other Private Fund 9
Employees: 110
Headquarters: Chicago, IL
Office address: ••• Locked
Business phone: ••• Locked

Stated criteria beside observed behaviour

2 observed deals

Stated by the firm

Sectors: not stated or not yet read
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: platform 2
period: to 2026-05-13, from 2025-01-15, undated holdings 0, dated observations 4
window: last 2026-05-13, first 2025-01-15
control: control 2
companies: 2
geography: count 1, share unknown, value OK
investments: 2
seller kinds: sponsor 1
transactions: 2
cadence by year: 2025 exits 1, 2026 platforms 1
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 unknown, value financial services, examples Multi-Family Office Business of Geller
holding period years: n 0
repeat counterparties
subsector distribution: count 1, share unknown, value financial services, examples Multi-Family Office Business of Geller

2 companies on the graph (2 transactions); most in financial services (1); 2 platforms and 0 add-ons; observed 2025 to 2026

Funds

0 on record, 1 more on the reporting tape

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
I••••••••• S•••••••• E••••• F••• L•••	Other Private Fund	2019 to 2024		$0 filed Nov 20, 2024	adviserinfo.sec.gov

Team

6 current, 8 former

Managing partner (3)

C•••••• B• G•••••••• · President · since Apr 1, 2021 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
K••• M•••••••• · Partner and Chief Executive Officer · start date unknown Press release wires (PR Newswire, GlobeNewswire, B••••••• Wire public pages and RSS)
K••• M•••••••• · Founding Partner and Chief Executive Officer · start date unknown Press release wires (PR Newswire, GlobeNewswire, B••••••• Wire public pages and RSS)

Partner (1)

R•••• M••••• S••••• · Chief Investment Officer · since Jul 1, 1994 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)

Platform (2)

J••••• R••••• F••••• · Chief Compliance Officer · since Mar 1, 2024 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
P••• A••• L••••••• · Chief Operations Officer · since Jan 1, 2013 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)

8 former (kept with end dates)

P••••• L••• H••••••••• · Chief Executive Officer · Oct 1, 2006 to Mar 31, 2023 Inference
C••• D•• T•••• · Member, Management Committee · Feb 1, 2014 to May 11, 2021 Inference
C•••••• A••••• B••••• · Owner · Jul 1, 1994 to May 11, 2021 Inference
L•• M••• M••••••• · Member, Management Committee · Aug 1, 2014 to May 11, 2021 Inference
M•••••• H•••• M••••• · Member Management Committee · Feb 1, 2014 to Nov 26, 2014 Inference
M•••••• E••••• D•••••••• · Member, Management Committee · Jul 1, 1994 to Mar 31, 2014 Inference
T••••• J••••• A•••• · Member, Management Committee; Secretary · Jul 1, 1998 to Mar 31, 2014 Inference
P••••• K•• R•••••• Z••••••• · Sr. Vice President, Compliance; Chief Compliance Officer · Apr 1, 1996 to Mar 27, 2013 Inference

Portfolio

2 relationships, 2 platforms, 0 add-ons

Company	Role	Status	Invested	Held	Partner	Source
C•••••• A•••••••	Platform	active	May 13, 2026 transaction announcement	4 months	K••• M•••••••• (confirmed)	Fact Press release wires (PR Newswire, GlobeNewswire, B••••••• Wire public pages and RSS)
M••••••••• O••••• B••••••• o• G•••••	Platform	active	Jan 15, 2025 transaction announcement	1.7 years	K••• M•••••••• (confirmed)	Fact Press release wires (PR Newswire, GlobeNewswire, B••••••• Wire public pages and RSS)

Transactions

2 on record

Date	Type	Target	This firm’s role	Source
May 13, 2026	Platform acquisition	C•••••• A•••••••	Sponsor (confirmed)	corient.com
Jan 15, 2025	Sponsor to sponsor	M••••••••• O••••• B••••••• o• G•••••	Sponsor (confirmed)	corient.com

Placement agents, lenders, advisers and co-investors

1 relationships

Financial advisers (1)

P•••• S•••••• • C•• 1 shared · one time · last May 13, 2026

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

3 most recent

May 13, 2026
••• Locked
Platform investmentFactC•••••• A•••••••Press release wires (PR Newswire, GlobeNewswire, B••••••• Wire public pages and RSS)
Jan 15, 2025
••• Locked
Platform investmentFactM••••••••• O••••• B••••••• o• G•••••Press release wires (PR Newswire, GlobeNewswire, B••••••• Wire public pages and RSS)
Mar 29, 2012
••• Locked
First Form ADV filingFactSEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)

Scores and what they are made of

Freshness99 · HIGH: as of: 2026-09-22items: [{"code":"DAYS_SINCE_NEWEST_EVIDENCE","points":0.9944444444444445,"evidence":"1 method: sum of component points, capped at 1.0
model score-pe-1
Research priority27 · MODERATE: as of: 2026-09-22items: [{"code":"SCALE_BAND","points":0.05,"evidence":"UNSIZED"},{"code":"COMPLETENESS_method: sum of component points, capped at 1.0
model score-pe-1
Investment velocity7 · LOW: as of: 2026-09-22items: [{"code":"TRANSACTIONS_PER_YEAR_36M","points":0.06666666666666667,"evidence":"••method: sum of component points, capped at 1.0
model score-pe-1
Acquisition appetite15 · LOW: as of: 2026-09-22items: [{"code":"NEW_PLATFORMS_12M","points":0.15,"evidence":["••• Locked"]}]method: sum of component points, capped at 1.0
missing: no funds on the graph
model score-pe-1
Profile completeness67 · ELEVATED: as of: 2026-09-22items: [{"code":"FIELDS_PRESENT","points":0.6666666666666666,"evidence":["website","desmethod: sum of component points, capped at 1.0
missing: funds, stated criteria, lenders, lps
model score-pe-1
Fund deployment activity0 · LOW: as of: 2026-09-22items: []method: sum of component points, capped at 1.0
missing: no funds on the graph
model score-pe-1

Across DFX

Independent Sponsor Intelligence (matched on shared crd)

Record

First observed: Sep 13, 2026
Last observed: yesterday
Observations: 28
Sources: 3
Open research tasks: 1

Reading this profile

Reported gross assets are what an adviser told the SEC a fund held on a date. They are not the fund’s size and not dry powder. RAUM is a regulatory measure of the adviser, not capital available to invest.

A section that says nothing has been collected means exactly that: the graph has not read that kind of record for this firm yet.

Across the graphs

S••••• B••••• • H••••• 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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