DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
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SEC-registered adviser
T•• C•••••• F•••• L••
Latest filing Mar 27, 2026
First filing on the tape Mar 30, 2012 · 21 filings
SEC status approved since Dec 26, 1996
RAUM
$723M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$723M as of Mar 27, 2026
Mar 30, 2012$285M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 30, 20120 then
Employees (5.A)7 as of Mar 27, 2026
Mar 28, 20139 then
Private funds1 as of Mar 27, 2026
Mar 30, 20122 then
RAUM -10% over the last fiscal year-2.6% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $241MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -10%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $723M, 3 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$723M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 3reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $723M for 3 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| T•• C•••••• P••••••• M••••• F••• L••• | Hedge Fund | $925M | 42 | Mar 30, 2016 |
| T•• C•••••• P••••••• L•••no longer reported | Hedge Fund | $327M | 31 | Mar 30, 2012 |
| C•••••• I••••••••• P••••••• L••••••no longer reported | Hedge Fund | $53.7M | 2 | Mar 30, 2012 |
Owners and control persons
Schedule A and B, latest filing
- C••••••• P••••• W••••• · Member And Managercontrolsince 06/2015 · owns less than 5%
- G••••• S••• · Portfolio Managercontrolsince 05/2024 · owns 5% to 10%
- M•••••• R•••••• M••••• · General Counsel And Chief Compliance Officercontrolsince 01/2009 · owns less than 5%
- C••••••• P••••• W••••• · Co-Trusteecontrolsince 09/2023 · owns F of R••••• A• D•• T•••• D•••• M•••• 2•• 2•••• A• A••••••
- S•••••• R•••••• P••• · Co-Trusteecontrolsince 09/2023 · owns F of R••••• A• D•• T•••• D•••• M•••• 2•• 2•••• A• A••••••
Entity owners
- O•••••• C••••••••• · Memberdirect · owns less than 5%
- R••••• A• D•• T•••• D•••• M•••• 2•• 2•••• A• A•••••• · Memberdirect · owns 75% or more
- R••••• A• D•• T•••• D•••• M•••• 2•• 2•••• A• A•••••• · Shareholderindirect · owns F of O•••••• C•••••••••
Related persons
Schedule D 7.A
- O•••••• C•••••••••investment adviserbankpooled vehicle sponsornRAUM $2.2B
Advisers that list T•• C•••••• F•••• L•• as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Assets in custody · $804M to $723MMar 31, 2025 to Mar 27, 2026
- Employees · 8 to 7Mar 31, 2025 to Mar 27, 2026
- Discretionary RAUM · $804M to $723MMar 31, 2025 to Mar 27, 2026
- Pooled vehicle RAUM · $804M to $723MMar 31, 2025 to Mar 27, 2026
- RAUM · $804M to $723MMar 31, 2025 to Mar 27, 2026
- Advisory employees · 2 to 3May 16, 2024 to Mar 31, 2025
- Assets in custody · $925M to $804MMay 16, 2024 to Mar 31, 2025
- Employees · 7 to 8May 16, 2024 to Mar 31, 2025
- Financial planning clients · unset to May 16, 2024 to Mar 31, 2025
- Discretionary RAUM · $925M to $804MMay 16, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $925M to $804MMay 16, 2024 to Mar 31, 2025
- RAUM · $925M to $804MMay 16, 2024 to Mar 31, 2025
- Advisory employees · 4 to 2Oct 13, 2023 to Mar 28, 2024
- Assets in custody · $783M to $925MOct 13, 2023 to Mar 28, 2024
- Employees · 9 to 7Oct 13, 2023 to Mar 28, 2024
- Discretionary RAUM · $783M to $925MOct 13, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $783M to $925MOct 13, 2023 to Mar 28, 2024
- RAUM · $783M to $925MOct 13, 2023 to Mar 28, 2024
- Assets in custody · $1.2B to $783MMar 30, 2022 to Mar 29, 2023
- Discretionary RAUM · $1.2B to $783MMar 30, 2022 to Mar 29, 2023
- Pooled vehicle RAUM · $1.2B to $783MMar 30, 2022 to Mar 29, 2023
- RAUM · $1.2B to $783MMar 30, 2022 to Mar 29, 2023
- Advisory employees · 3 to 4Mar 30, 2021 to Mar 30, 2022
- Assets in custody · $1.1B to $1.2BMar 30, 2021 to Mar 30, 2022
- Discretionary RAUM · $1.1B to $1.2BMar 30, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $1.1B to $1.2BMar 30, 2021 to Mar 30, 2022
- RAUM · $1.1B to $1.2BMar 30, 2021 to Mar 30, 2022
- Advisory employees · 5 to 3Mar 28, 2020 to Mar 30, 2021
- Assets in custody · $635M to $1.1BMar 28, 2020 to Mar 30, 2021
- Employees · 11 to 9Mar 28, 2020 to Mar 30, 2021
- Discretionary RAUM · $635M to $1.1BMar 28, 2020 to Mar 30, 2021
- Pooled vehicle RAUM · $635M to $1.1BMar 28, 2020 to Mar 30, 2021
- RAUM · $635M to $1.1BMar 28, 2020 to Mar 30, 2021
- Advisory employees · 7 to 5Mar 29, 2019 to Mar 28, 2020
- Assets in custody · $596M to $635MMar 29, 2019 to Mar 28, 2020
- Employees · 12 to 11Mar 29, 2019 to Mar 28, 2020
- Discretionary RAUM · $596M to $635MMar 29, 2019 to Mar 28, 2020
- Pooled vehicle RAUM · $596M to $635MMar 29, 2019 to Mar 28, 2020
- RAUM · $596M to $635MMar 29, 2019 to Mar 28, 2020
- Related bank · false to trueMar 29, 2019 to Mar 28, 2020
Signals
11 dated events
- Sean Andrew Katz (Member And Portfolio Manager) no longer on Schedule A of T•• C•••••• F•••• L•• (listed 2024-03-28, absent 2024-05-16)May 16, 2024 · Control person left · inference
- Robert Steven Baum (President) no longer on Schedule A of T•• C•••••• F•••• L•• (listed 2023-10-13, absent 2024-03-28)Mar 28, 2024 · Control person left · inference
- Paul Ronald Spogli (Co-Trustee) appeared on Schedule A of T•• C•••••• F•••• L••Oct 13, 2023 · Control person joined · fact
- Addison Robert Day (Co-Portfolio Manager) no longer on Schedule A of T•• C•••••• F•••• L•• (listed 2023-05-10, absent 2023-10-13)Oct 13, 2023 · Control person left · inference
- John Joshua Nip (Chief Financial Officer) no longer on Schedule A of T•• C•••••• F•••• L•• (listed 2023-05-10, absent 2023-10-13)Oct 13, 2023 · Control person left · inference
- T•• C•••••• F•••• L•• reported RAUM $783.1M, down 35% from $1.2B (2022-03-30 to 2023-03-29)Mar 29, 2023 · RAUM change · derived
- T•• C•••••• F•••• L•• reported RAUM $1.1B, up 66% from $634.8M (2020-03-28 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- Sean Andrew Katz (Member And Co-Portfolio Manager) appeared on Schedule A of T•• C•••••• F•••• L••Mar 28, 2020 · Control person joined · fact
- Robert Steven Baum (President) appeared on Schedule A of T•• C•••••• F•••• L••Mar 28, 2020 · Control person joined · fact
- Y Michael Wang (Managing Partner And Portfolio Manager) no longer on Schedule A of T•• C•••••• F•••• L•• (listed 2019-03-29, absent 2020-03-28)Mar 28, 2020 · Control person left · inference
- Jason Noah Kramer (Chief Operating Officer) no longer on Schedule A of T•• C•••••• F•••• L•• (listed 2018-03-29, absent 2019-03-29)Mar 29, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/the-cypress-funds-llcreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 213-891-6375reportedpublic record, Form ADV, Mar 27, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026