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.
SEC-registered adviser
Angeles Investment Advisors
Legal name Angeles Investment Advisors, LLC.
Latest filing Jul 30, 2026
First filing on the tape Mar 30, 2012 · 28 filings
SEC status approved since Feb 20, 2001
RAUM
$7.3B
reported, Item 5.F
Discretionary
82%
of RAUM
Private clients
2.2%
$157M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
28
17 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
17
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$7.3B as of Jul 30, 2026
Mar 30, 2012$1.3B then
HNW client RAUM$157M as of Jul 30, 2026
Mar 30, 2018$176M then
State-registered IARs (5.B.3)0 as of Jul 30, 2026
Mar 30, 20120 then
Employees (5.A)28 as of Jul 30, 2026
Apr 1, 201316 then
Private funds17 as of Jul 30, 2026
Mar 30, 20121 then
RAUM +2.9% over the last fiscal year+5.4% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 30, 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
- $31.4MderivedHNW RAUM over HNW clients
- Average account
- $119MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 82%derivedof RAUM
- Institutional
- 38%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
- +2.9%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, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $2.4B, 4 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$4.3B58%
- Charitable organizations$2.4B33%
- Pension and profit-sharing plans$389M5.3%
- High-net-worth individuals$157M2.2%
- Corporations and businesses$62.7M0.9%
- Individual clients
- n/areported
- HNW clients
- 5reported
- Pension plan clients
- 6reported
- Charitable clients
- 32reported
- Accounts
- 61reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $2.4B for 4 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.02 fund_share=0.58 institutional_share=0.38 related_bd=false related_bank=false 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
16 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Angeles Global Equity Opportunities Fund LLC | Other Private Fund | $1.6B | 121 | Mar 30, 2016 |
| Angeles Diversified Income Fund LLC | Other Private Fund | $837M | 52 | Mar 28, 2019 |
| Angeles Absolute Return Fund Ltd | Hedge Fund | $200M | 43 | Mar 30, 2012 |
| Angeles Private Markets Fund 2 LP | Private Equity Fund | $148M | 34 | Mar 30, 2018 |
| Angeles Private Markets Fund LP | Private Equity Fund | $123M | 37 | Mar 30, 2016 |
| Angeles Private Markets Fund 4 LP | Private Equity Fund | $122M | 65 | Mar 27, 2020 |
| Angeles Private Markets Fund 3 LP | Private Equity Fund | $109M | 41 | Mar 28, 2019 |
| Angeles Private Credit Fund LP | Other Private Fund | $99.3M | 37 | Mar 30, 2021 |
| Angeles Direct Equity Fund 1 LP | Private Equity Fund | $94.7M | 62 | Mar 31, 2023 |
| Angeles Private Credit Fund 2 LP | Other Private Fund | $88.0M | 41 | Mar 31, 2022 |
| Angeles Direct Equity Fund 2 LP | Private Equity Fund | $48.4M | 73 | Mar 29, 2024 |
| Angeles Private Markets Fund 5 LP | Private Equity Fund | $43.0M | 62 | Mar 31, 2022 |
| Angeles Real Assets Fund 1 LP | Private Equity Fund | $39.6M | 27 | Mar 31, 2023 |
| Angeles Private Credit Fund 3 LP | Other Private Fund | $12.7M | 22 | Mar 29, 2024 |
| Angeles Absolute Return Fund LLC | Hedge Fund | $6.3M | 2 | Mar 30, 2015 |
| Angeles Private Markets Fund 2 Real Assetsno longer reported | Other Private Fund | $0 | 10 | Mar 30, 2018 |
Owners and control persons
Schedule A and B, latest filing
- C Sandra Kridel · Chief Administrative Officercontrolsince 10/2004 · owns less than 5%
- David Howard Perlow · Managing Membercontrolsince 01/2001 · owns 25% to 50%
- A Michael Rosen · Managing Membercontrolsince 01/2001 · owns 25% to 50%
- Thomas Stephen Smetana · Chief Compliance Officer, Chief Operating Officercontrolsince 06/2008 · owns less than 5%
- Aaron Azelton · Director Public Marketssince 01/2016 · owns less than 5%
- Robert David Brief · Investment Officersince 03/2021 · owns less than 5%
- Michael Burlon · Hedge Fund Research Consultantsince 11/2014 · owns less than 5%
- Gina F Cadei · Operations Associatesince 01/2016 · owns less than 5%
- Derrick Cruz · Director Private Marketssince 01/2019 · owns less than 5%
- Louise Anna Mcgibbons · Consultantsince 04/2005 · owns less than 5%
- Evgenia Raikh · Director Private Marketssince 03/2021 · owns less than 5%
- W William Yung · Associate Director Private Marketssince 01/2019 · owns less than 5%
Related persons
Schedule D 7.A
- Angeles Direct Equity Gp 1 LLCpooled vehicle sponsorn
- Angeles Direct Equity Gp 2 LLCpooled vehicle sponsorn
- Angeles Private Credit Fund Gp 2 LLCpooled vehicle sponsorn
- Angeles Private Credit Fund Gp 3 LLCpooled vehicle sponsorn
- Angeles Private Credit Fund Gp LLCpooled vehicle sponsorn
- Angeles Private Markets Gp 3 LLCpooled vehicle sponsorn
- Angeles Private Markets Gp 4 LLCpooled vehicle sponsorn
- Angeles Private Markets Gp 5 LLCpooled vehicle sponsorn
- Angeles Private Markets Gp1 LLCpooled vehicle sponsorn
- Angeles Private Markets Gp2 LLCpooled vehicle sponsorn
- Angeles Real Assets Gp 1 LLCpooled vehicle sponsorn
- Angeles Wealth Management, LLCinvestment adviseryRAUM $2.8B
- Marketforce, LLCinvestment advisernRAUM $71.0M
Advisers that list Angeles Investment Advisors as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Pension plan clients · 7 to 6Aug 1, 2025 to Mar 13, 2026
- Pooled vehicle clients · 16 to 17Aug 1, 2025 to Mar 13, 2026
- Assets in custody · $2.6B to $2.4BAug 1, 2025 to Mar 13, 2026
- Employees · 29 to 28Aug 1, 2025 to Mar 13, 2026
- Private funds · 16 to 17Aug 1, 2025 to Mar 13, 2026
- Discretionary RAUM · $5.8B to $6.0BAug 1, 2025 to Mar 13, 2026
- HNW RAUM · $143M to $157MAug 1, 2025 to Mar 13, 2026
- Non-discretionary RAUM · $1.3B to $1.3BAug 1, 2025 to Mar 13, 2026
- Pension RAUM · $373M to $389MAug 1, 2025 to Mar 13, 2026
- Pooled vehicle RAUM · $4.2B to $4.3BAug 1, 2025 to Mar 13, 2026
- RAUM · $7.1B to $7.3BAug 1, 2025 to Mar 13, 2026
- Accounts · 60 to 61Jul 1, 2024 to Apr 23, 2025
- Advisory employees · 15 to 17Jul 1, 2024 to Apr 23, 2025
- Pension plan clients · 8 to 7Jul 1, 2024 to Apr 23, 2025
- Pooled vehicle clients · 14 to 16Jul 1, 2024 to Apr 23, 2025
- Assets in custody · $874M to $2.6BJul 1, 2024 to Apr 23, 2025
- Employees · 33 to 29Jul 1, 2024 to Apr 23, 2025
- Financial planning clients · unset to Jul 1, 2024 to Apr 23, 2025
- Private funds · 15 to 16Jul 1, 2024 to Apr 23, 2025
- Discretionary RAUM · $5.2B to $5.8BJul 1, 2024 to Apr 23, 2025
- HNW RAUM · $133M to $143MJul 1, 2024 to Apr 23, 2025
- Non-discretionary RAUM · $1.2B to $1.3BJul 1, 2024 to Apr 23, 2025
- Pension RAUM · $419M to $373MJul 1, 2024 to Apr 23, 2025
- Pooled vehicle RAUM · $4.4B to $4.2BJul 1, 2024 to Apr 23, 2025
- RAUM · $6.4B to $7.1BJul 1, 2024 to Apr 23, 2025
- Accounts · 61 to 60Nov 3, 2023 to Mar 29, 2024
- Charity clients · 34 to 32Nov 3, 2023 to Mar 29, 2024
- Pension plan clients · 9 to 8Nov 3, 2023 to Mar 29, 2024
- Pooled vehicle clients · 12 to 14Nov 3, 2023 to Mar 29, 2024
- Assets in custody · $710M to $874MNov 3, 2023 to Mar 29, 2024
- Financial planning clients · 0 to unsetNov 3, 2023 to Mar 29, 2024
- Private funds · 13 to 15Nov 3, 2023 to Mar 29, 2024
- Discretionary RAUM · $5.1B to $5.2BNov 3, 2023 to Mar 29, 2024
- HNW RAUM · $116M to $133MNov 3, 2023 to Mar 29, 2024
- Non-discretionary RAUM · $1.1B to $1.2BNov 3, 2023 to Mar 29, 2024
- Pension RAUM · $504M to $419MNov 3, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $3.4B to $4.4BNov 3, 2023 to Mar 29, 2024
- RAUM · $6.2B to $6.4BNov 3, 2023 to Mar 29, 2024
- Accounts · 63 to 61Dec 15, 2022 to Mar 31, 2023
- Charity clients · 35 to 34Dec 15, 2022 to Mar 31, 2023
Signals
5 dated events
- Angeles Investment Advisors reported RAUM $6.2B, down 29% from $8.7B (2022-12-15 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Angeles Investment Advisors reported RAUM $8.7B, up 32% from $6.6B (2021-10-08 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Angeles Investment Advisors reported RAUM $5.8B, up 33% from $4.3B (2019-10-01 to 2020-03-27)Mar 27, 2020 · RAUM change · derived
- B Leslie Kautz (Managing Member) no longer on Schedule A of Angeles Investment Advisors (listed 2019-03-28, absent 2019-10-01)Oct 1, 2019 · Control person left · inference
- Angeles Investment Advisors reported RAUM $4.3B, up 34% from $3.2B (2018-03-30 to 2019-03-28)Mar 28, 2019 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Angeles Investment Advisors · Independent Sponsorsshared crd · capital_provider
- Angeles Investment Advisors · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/angeles-investmentsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- angelesinvestments.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 310-393-6300reportedpublic record, Form ADV, Jul 30, 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
- Other adviserderiveda 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