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R•• A••••••• 2• L••

Fund of fundsClassification probableUpper middle marketSEC registered investment adviser· Dallas, TX

••• Locked

Regulatory AUM
$18B
Form ADV
PE fund assets
$19B
Form ADV
PE funds
71
Form ADV
As of · identity and classification; each section below carries its own date

What matters now

  1. Form D
    new offering

    Filed a Form D on 8 Jul 2026, the first public sign that a vehicle is taking commitments.

    A vehicle in market is when LPs and placement agents can still get in.

    FactSEC Form DFor LPs, placement agentsFund families
  2. +16
    funds on Form ADV

    Private equity funds on its Form ADV went from 55 to 71 (+16).

    New vehicles are a new flagship's feeders, parallels and co-invest sleeves being stood up: capacity arriving before the capital is announced.

    FactSEC Form ADV, Schedule DFund families
Classification, Form ADV and stated criteria
How this organization is classified, and on what basisFund of funds · 2 in historyShow
Class
Fund of fundsprobable, confidence 75%
Basis
49 of 79 admitted vehicles carry the sworn fund-of-funds flag
Size band
Upper middle marketdefined by: proxy: $18.92bn Private Equity Fund GAV on the Form ADV filed 2026-07-08
Strategies
Secondaries
Classification history (2)
  1. Sep 23, 2026
    Fund of funds (probable, 75%)
    49 of 79 admitted vehicles carry the sworn fund-of-funds flag
  2. Sep 13, 2026
    Fund of funds (probable, 75%)
    49 of 62 admitted vehicles carry the sworn fund-of-funds flag
Regulatory footprint (Form ADV)RAUM $18B · 71 PE funds · filed Jul 8, 2026Show
Adviser type
Registered investment adviser
Form ADV filings
Sep 11, 2017 to Jul 8, 2026
RAUM
$18Bregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing
71
PE fund GAV, latest filing
$19Breported gross assets (Form ADV), not fund size
All private fund GAV
$20Bevery private fund type, latest filing
2024 PE fund GAV
$19Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime
90%
Fund type mix
  • Private equity fund: 71 funds, $19B reported gross assets
  • Other private fund: 4 funds, $897M reported gross assets, 8 ever reported
Form ADV filed Jul 8, 2026
Employees
86
Headquarters
Dallas, TX
Office address
••• Locked
Business phone
••• Locked
Stated criteria beside observed behaviourno criteria stated · no observed deals yetShow
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
not stated or not yet read
Observed from deals on record

Nothing observed yet. Behaviour is computed from transactions and portfolio relationships, which have not been collected for this firm.

Funds
56 families, 79 vehicles on record

50 smaller families are in the full list of vehicles.

View all 79 vehiclesnewest vintage first, then largest
FundVehicleVintageReported gross assets (Form ADV), not fund sizeGAV by yearForm D soldLifecycle
R•• S•••• a•• E••••••• F••• I•• L•
ADV: Private Equity Fund
buyout or unlabelled2025
Form D first sale
$134M
as of Jul 8, 2026
$177MUnknown
B•••••••• C•••••• P••••••• I••• L•••
ADV: Private Equity Fund
Buyout fund2025
Form D first sale
$0
as of Jul 8, 2026
$406MUnknown
R•••••••• V• L•
ADV: Private Equity Fund
buyout or unlabelled2024
Form D first sale
$697M
as of Jul 8, 2026
$994MUnknown
R•• F• S•••• B••••• F••• I•• L•
ADV: Private Equity Fund
Buyout fund2024
Form D first sale
$503M
as of Jul 8, 2026
$500MUnknown
R•• F••• X••• L•
ADV: Private Equity Fund
buyout or unlabelled2024
Form D first sale
$194M
as of Jul 8, 2026
$314MUnknown
C••••••• P••••••• P•••••• C•••••• I••• L•
ADV: Private Equity Fund
Fund of funds2024
first reported on Form ADV
$176M
as of Jul 8, 2026
no Form DUnknown
R•• F••• X•••• •••• S•••
ADV: Private Equity Fund
Fund of funds2024
first reported on Form ADV
$83.8M
as of Jul 8, 2026
no Form DEarly deployment
R•• M••••••••• F••• I•• L•
ADV: Private Equity Fund
Fund of funds2023
Form D first sale
$448M
as of Jul 8, 2026
$434MEarly deployment
R•• F••• X••••• L•
ADV: Private Equity Fund
Fund of funds2023
Form D first sale
$204M
as of Jul 8, 2026
$285MEarly deployment
P•• A••••••• B••••• C••••••••• F••• I• S•••
ADV: Private Equity Fund
Fund of funds2023
first reported on Form ADV
$196M
as of Jul 8, 2026
no Form DUnknown
R•• S•••• a•• E••••••• F••• I••• L•
ADV: Private Equity Fund
Fund of funds2023
Form D first sale
$172M
as of Jul 8, 2026
$170MEarly deployment
R•• F••• X••• •••• S•••
ADV: Private Equity Fund
Fund of funds2023
first reported on Form ADV
$129M
as of Jul 8, 2026
no Form DUnknown
R•• O•• F•••• L•
ADV: Private Equity Fund
Fund of funds2023
Form D first sale
$108M
as of Jul 8, 2026
$111MUnknown
B•••••••• C•••••• P••••••• I•••• L•••
ADV: Private Equity Fund
Buyout fund2023
first reported on Form ADV
$100M
as of Jul 8, 2026
no Form DUnknown
B•••••••• C•••••• P••••••• I•••• L••
ADV: Private Equity Fund
Buyout fund2023
first reported on Form ADV
$82.8M
as of Jul 8, 2026
no Form DUnknown
R•• S•• I• O•••••• F•••• L•
ADV: Private Equity Fund
Fund of funds2023
Form D first sale
$54.2M
as of Jul 8, 2026
$45.0MEarly deployment
H••• C•••••• I• P•••••••• L•
ADV: Other Private Fund
Feeder or parallel2023
first reported on Form ADV
$0
as of Jun 28, 2024
$0Unknown
B•••••••• C•••••• P••••••• I•• L•••
ADV: Private Equity Fund
Buyout fund2022
Form D first sale
$1.2B
as of Jul 8, 2026
$684MUnknown
H••• C•••••• I•• L•
ADV: Other Private Fund
SPV2022
Form D first sale
$620M
as of Jul 8, 2026
$211MUnknown
R•• S•••••••• O••••••••• F••• I• •••• S•••
ADV: Private Equity Fund
Fund of funds2022
first reported on Form ADV
$260M
as of Jul 8, 2026
no Form DSuccessor fundraising
R•• F••• X••• L•
ADV: Private Equity Fund
Fund of funds2022
first reported on Form ADV
$256M
as of Jul 8, 2026
no Form DMature
R•••••••• I• •••• S•••
ADV: Private Equity Fund
Fund of funds2022
first reported on Form ADV
$255M
as of Jul 8, 2026
no Form DMature
R•• F••• X•••• L•
ADV: Private Equity Fund
Fund of funds2022
Form D first sale
$217M
as of Jul 8, 2026
$210MUnknown
R•• S•• F••• I••• L•
ADV: Private Equity Fund
Fund of funds2022
Form D first sale
$214M
as of Jul 8, 2026
$202MUnknown
R•• F••• X•• •••• S•••
ADV: Private Equity Fund
Fund of funds2022
first reported on Form ADV
$157M
as of Jul 8, 2026
no Form DMature
B•••••••• C•••••• P••••••• I•••• L•••
ADV: Private Equity Fund
Buyout fund2022
Form D first sale
$93.6M
as of Jul 8, 2026
$37.8MActive deployment
R•• V•••••• F••• O••• L•
ADV: Private Equity Fund
Fund of funds2022
Form D first sale
$68.1M
as of Jul 8, 2026
$90.9MUnknown
R•• S•••••••• O••••••••• F••• V• L••
ADV: Private Equity Fund
Secondaries fund2021
Form D first sale
$1.1B
as of Jul 8, 2026
$797MUnknown
R•• S•••••••• O••••••••• F••• I•• L•
ADV: Private Equity Fund
Fund of funds2021
Form D first sale
$647M
as of Jul 8, 2026
$797MSuccessor fundraising
R•••••••• I•• L•
ADV: Private Equity Fund
Fund of funds2021
Form D first sale
$562M
as of Jul 8, 2026
$444MMature
P•• A••••••• B••••• F••• I• S•••
ADV: Private Equity Fund
Fund of funds2021
first reported on Form ADV
$535M
as of Jul 8, 2026
no Form DMature
R•• M••••••••• F•••• L•
ADV: Private Equity Fund
Fund of funds2021
Form D first sale
$339M
as of Jul 8, 2026
$301MMature
H••• S••••• F••• I••• L••
ADV: Other Private Fund
SPV2021
first reported on Form ADV
$92.4M
as of Jul 8, 2022
no Form DWound down
R•• L•• F••• L•
ADV: Private Equity Fund
Fund of funds2021
Form D first sale
$92.1M
as of Jul 8, 2026
$90.5MMature
H••• C•••••• I•• P•••••••• L•
ADV: Other Private Fund
Feeder or parallel2021
first reported on Form ADV
$38.6M
as of Jul 8, 2026
$0Harvest
R•• F••• X•• L•
ADV: Private Equity Fund
Fund of funds2020
Form D first sale
$504M
as of Jul 8, 2026
$435MMature
H••• C•••••• I••• L•
ADV: Other Private Fund
SPV2020
Form D first sale
$238M
as of Jul 8, 2026
$166MHarvest
C••••••• P••••••• P•••••• C•••••• I•• L•
ADV: Private Equity Fund
Fund of funds2020
first reported on Form ADV
$158M
as of Jul 8, 2026
no Form DMature
R•• S•• F••• I•• L•
ADV: Private Equity Fund
Fund of funds2020
Form D first sale
$147M
as of Jul 8, 2026
$126MActive deployment
R•• S•• I•• O•••••• F•••• L•
ADV: Private Equity Fund
Fund of funds2020
Form D first sale
$136M
as of Jul 8, 2026
$87.1MActive deployment
R•• S•• O••••••••• F•••• L•
ADV: Private Equity Fund
Fund of funds2020
Form D first sale
$68.9M
as of Jul 8, 2026
$50.5MActive deployment
R•• F••• X••• L•
ADV: Private Equity Fund
Fund of funds2019
Form D first sale
$413M
as of Jul 8, 2026
no Form DMature
R•• M••••••••• F••••• S•• 1••• L•
ADV: Private Equity Fund
Fund of funds2019
Form D first sale
$130M
as of Jul 8, 2026
no Form DMature
R•• S•••• a•• E••••••• F••• I•• L•
ADV: Private Equity Fund
Fund of funds2019
Form D first sale
$126M
as of Jul 8, 2026
$123MSuccessor fundraising
B•••••••• C•••••• P••••••• I• L•••
ADV: Private Equity Fund
Buyout fund2018
Form D first sale
$680M
as of Jul 8, 2026
no Form DMature
R•• F••• X•••• L•
ADV: Private Equity Fund
Fund of funds2018
Form D first sale
$492M
as of Jul 8, 2026
no Form DMature
R•••••••• I••• L•
ADV: Private Equity Fund
Fund of funds2018
Form D first sale
$469M
as of Jul 8, 2026
no Form DMature
B•••••••• C•••••• P••••••• I••• L•••
ADV: Private Equity Fund
Buyout fund2018
Form D first sale
$409M
as of Jul 8, 2026
no Form DMature
R•• S••• O••••••••• F•••• L•
ADV: Private Equity Fund
Fund of funds2018
first reported on Form ADV
$55.4M
as of Jul 8, 2026
no Form DUnknown
R•• F• S•••• B••••• C••••••••• F••• I••• L•
ADV: Private Equity Fund
Fund of funds2017
Form D first sale
$653M
as of Jul 8, 2026
no Form DUnknown
R•• S•••••••• O••••••••• F••• I••• L•
ADV: Private Equity Fund
Fund of funds2017
Form D first sale
$435M
as of Jul 8, 2026
no Form DMature
R•• F••• X••• L•
ADV: Private Equity Fund
Fund of funds2017
Form D first sale
$394M
as of Jul 8, 2026
no Form DUnknown
H••• C•••••• I• P•••••••• L•
ADV: Other Private Fund
Feeder or parallel2017
Form D first sale
$143M
as of Jun 28, 2024
no Form DUnknown
R•• S•••• a•• E••••••• F•••• L•
ADV: Private Equity Fund
Fund of funds2017
Form D first sale
$140M
as of Jul 8, 2026
no Form DUnknown
R•• S•••• a•• E••••••• P••••••• F•••• L•
ADV: Private Equity Fund
Fund of funds2017
Form D first sale
$101M
as of Jul 8, 2026
no Form DUnknown
H••• C•••••• I•• L•
ADV: Other Private Fund
SPV2017
Form D first sale
$70.5M
as of Jun 28, 2024
no Form DUnknown
R•• F••• X•• L•
ADV: Private Equity Fund
Fund of funds2016
Form D first sale
$285M
as of Jul 8, 2026
no Form DHarvest
R•• S•• F•••• L•
ADV: Private Equity Fund
Fund of funds2016
Form D first sale
$209M
as of Jul 8, 2026
no Form DMature
R•• F• S•••• B••••• C••••••••• F••• I•• L•
ADV: Private Equity Fund
Fund of funds2015
Form D first sale
$788M
as of Jul 8, 2026
no Form DUnknown
R•• F••• X• L•
ADV: Private Equity Fund
Fund of funds2015
Form D first sale
$309M
as of Jul 8, 2026
no Form DHarvest
R•• F••• I•• L•
ADV: Private Equity Fund
Fund of funds2014
Form D first sale
$358M
as of Jul 8, 2026
no Form DHarvest
C••••••• P••••••• P•••••• C•••••• H•••••••• L•
ADV: Private Equity Fund
Fund of funds2014
Form D first sale
$193M
as of Jul 8, 2026
no Form DHarvest
R•••••••• I•• L•
ADV: Private Equity Fund
Fund of funds2014
Form D first sale
$109M
as of Jul 8, 2026
no Form DHarvest
R•• M••••••••• F••••• I••••• O•••••••• L•
ADV: Private Equity Fund
Fund of funds2014
Form D first sale
$30.9M
as of Jul 8, 2026
no Form DHarvest
R•• S•••••••• O••••••••• F••• I•• L•
ADV: Private Equity Fund
Fund of funds2012
Form D first sale
$72.6M
as of Jul 8, 2026
no Form DHarvest
R•• F••• V•••• L•
ADV: Private Equity Fund
Fund of funds2012
Form D first sale
$60.5M
as of Jul 8, 2026
no Form DHarvest
R•• F• S•••• B••••• C••••••••• F•••• L•
ADV: Private Equity Fund
Fund of funds2011
Form D first sale
$360M
as of Jul 8, 2026
no Form DHarvest
R•• M••••••••• F••• I••• L•
ADV: Private Equity Fund
buyout or unlabelledunknown$252M
as of Jul 8, 2026
no Form DUnknown
R•• F• O••••••••• F••• I• L•
ADV: Private Equity Fund
buyout or unlabelledunknown$248M
as of Jul 8, 2026
no Form DUnknown
R•• S•••••••• O••••••••• V• •••• S•••
ADV: Private Equity Fund
Secondaries fundunknown$237M
as of Jul 8, 2026
no Form DUnknown
R•••••••• V• •••• S•••
ADV: Private Equity Fund
buyout or unlabelledunknown$196M
as of Jul 8, 2026
no Form DUnknown
R•• F••• X•• L•
ADV: Private Equity Fund
buyout or unlabelledunknown$122M
as of Jul 8, 2026
no Form DUnknown
R•• F••• X•• •••• S•••
ADV: Private Equity Fund
buyout or unlabelledunknown$118M
as of Jul 8, 2026
no Form DUnknown
R•• F••• X• •••• S•••
ADV: Private Equity Fund
buyout or unlabelledunknown$96.3M
as of Jul 8, 2026
no Form DUnknown
R•• B••••••••• L•
ADV: Private Equity Fund
buyout or unlabelledunknown$84.9M
as of Jul 8, 2026
no Form DUnknown
R•• M••••••••• F••••• I•••••• L•
ADV: Private Equity Fund
Fund of fundsunknown$16.7M
as of Jul 8, 2026
no Form DHarvest
B•••••••• C•••••• P••••••• I••••• S•••
ADV: Private Equity Fund
Buyout fundunknown$0
as of Jul 8, 2026
no Form DUnknown
H••• C•••••• V• L•
ADV: Other Private Fund
SPVunknown$0
as of Jul 8, 2026
$0Unknown
B•••••••• C•••••• P••••••• I••••• L•••
ADV: Private Equity Fund
Buyout fundunknown$0
as of Jul 8, 2026
$0Unknown
Team
8 current, 6 former
Full team · 8 peoplegrouped by role, with sources
Partner (6)
Platform (2)
6 former (kept with end dates)
Deals
0 on record, newest first · 0 platforms · 0 add-ons
No deal naming this firm has been collected yet. Deals arrive from the firm’s portfolio page, SEC filings and cited announcements.
Placement agents, lenders, advisers and co-investors
33 relationships
Placement agents (33)
  • R••• C•••••• 19 shared · very strong · last Jan 1, 2024
  • P••••••• P••••••• 10 shared · very strong · last Jan 1, 2024
  • M•• S••••••••• L•• 10 shared · very strong · last Jan 1, 2024
  • P•• S••••••••• L•• 10 shared · very strong · last Jan 1, 2024
  • M••••••• G••••• I••• 10 shared · very strong · last Jan 1, 2024
  • C• A••••••• G••• 9 shared · very strong · last Jan 1, 2024
  • H••••••• B••••••••• L•• 9 shared · very strong · last Jan 1, 2024
  • F••••••• S••••••••• L•• 9 shared · very strong · last Jan 1, 2023
  • D••••• M•••••••• 8 shared · very strong · last Jan 1, 2024
  • E•• C•••••• L•••••• 7 shared · very strong · last Jan 1, 2024
  • U•••••••• L•• 5 shared · very strong · last Jul 8, 2026
  • A••••••••• A••••••• L•••••• 5 shared · very strong · last Jan 1, 2024
  • H••••• H••• A••••••• L••• 4 shared · strong · last Jan 1, 2019
  • F••••••••• E••••• C•••••• L•• 4 shared · strong · last Jan 1, 2023
  • K•••••• I••• 4 shared · strong · last Jun 29, 2023
  • B••••••• F• E•••••• • C••••••• I••••••••• 4 shared · strong · last Apr 4, 2022
  • I•••••••• G•• L•• 3 shared · strong · last Jul 25, 2024
  • C•••••• C•••••• I••••• A•••• S•••• 3 shared · strong · last Jan 1, 2024
  • I•••• B••• 3 shared · strong · last Jan 1, 2024
  • R•• I••••••••• L•• 2 shared · recurring · last Jan 1, 2024
  • K•••••••• A••••••••• I••••••••• A••••••• G••• 2 shared · recurring · last Jan 1, 2022
  • T••••• A••••••••• C•••••• A••••••• P••• 2 shared · recurring · last Jul 25, 2024
  • J• B••••• L•• 2 shared · recurring · last Jan 1, 2024
  • C••• C••••••• L•• 2 shared · recurring · last Jan 1, 2017
  • E•••• P•••••••• L•• 2 shared · recurring · last Jan 1, 2021
  • S•••••• N••••••• • C••••••• I••••••••• 2 shared · recurring
  • R••• R••• C•••••• L•• 1 shared · one time · last Jan 1, 2020
  • D••••• G•••• L•••••• 1 shared · one time · last Jan 1, 2018
  • S••••••••• E•••••••• S••••••• I••• 1 shared · one time · last Jan 1, 2017
  • A••••• C•••••• M••••••••• L•• 1 shared · one time · last Jan 1, 2016
  • I••••••••• A••••••••• A• 1 shared · one time · last Nov 9, 2023
  • P•• A••••••• S••••••• P•• L•• 1 shared · one time · last Jan 1, 2017
  • C• A••••••• G••• 1 shared · one time · last Jan 1, 2023
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 8, 2026
    ••• Locked
    PE fund count changedFactForm ADV
  2. Sep 11, 2017
    ••• Locked
    First Form ADV filingFactForm ADV
Across the graphs

R•• A••••••• 2• L•• is the same institution as 3 records in Independent Sponsors, RIA and Wealth and Allocators.

Independent Sponsors1RIA and Wealth1Allocators1

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.

Checking your plan…

Not yet on record: investments held, deals, last 12 months.