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

H•••••• B••••• P••••••• L••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 110877SEC 801-54099websiteIAPD
Latest filing Jun 17, 2026
First filing on the tape Mar 30, 2012 · 33 filings
SEC status approved since Mar 31, 1997
RAUM
$24B
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
45
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
45
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$24B as of Jun 17, 2026
Mar 30, 2012$8.6B then
HNW client RAUM$0 as of Jun 17, 2026
Mar 31, 2018$0 then
State-registered IARs (5.B.3)0 as of Jun 17, 2026
Mar 18, 20130 then
Employees (5.A)45 as of Jun 17, 2026
Mar 18, 201350 then
Private funds45 as of Jun 17, 2026
Mar 30, 201219 then
RAUM +5.8% over the last fiscal year-0.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 17, 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
$513MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+5.8%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$24B, 45 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$24B100%
  • Pension and profit-sharing plans$16.3M0.1%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
1reported
Charitable clients
0reported
Accounts
46reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$24B for 45 clientsreported
Compensation
performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 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
      52 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      H•••••• B••••• I••••••••• V• L•••Venture Capital Fund$3.1B39Mar 30, 2012
      H•••••• B••••• X• V••••••• L•••Venture Capital Fund$3.1B59Mar 30, 2016
      H•••••• B••••• X•• V•••••• F•••••• L•••Venture Capital Fund$2.8B4Mar 31, 2018
      H•••••• B••••• X•• V••••••• L•••Venture Capital Fund$2.8B71Mar 31, 2018
      H•••••• B••••• X••• V••••••• L•••Venture Capital Fund$2.3B85Mar 30, 2020
      H•••••• B••••• I•• L•••Venture Capital Fund$1.8B36Mar 30, 2012
      H•••••• B••••• V•••••• 1•• L•••Venture Capital Fund$1.8B116Mar 30, 2022
      H•••••• B••••• X• V••••••• L•••Venture Capital Fund$1.3B28Mar 18, 2013
      H•••••• B••••• V•••••• 1•• L•••Venture Capital Fund$894M46Mar 29, 2024
      H•••••• B••••• S•••••••• F•••• L•••Venture Capital Fund$412M1Mar 30, 2012
      H•••••• B••••• S•••••••• F••• I•• L•••Venture Capital Fund$381M15Mar 30, 2021
      H•••••• B••••• C••••••••• F•••• L•••Venture Capital Fund$371M1Mar 29, 2024
      H•••••• B••••• X•• G••••• B•••••• L•••Private Equity Fund$324M13Mar 29, 2019
      H•••••• B••••• X••• V•••••• F•••••• L•••Venture Capital Fund$305M2Mar 30, 2020
      H•••••• B••••• X•• G••••• B•••••••• L•••Private Equity Fund$296M14Mar 29, 2019
      H•••••• B••••• X• G••••• B•••••• L•••Private Equity Fund$270M14Mar 31, 2017
      H•••••• B••••• G••••• 1•••• L•••Private Equity Fund$232M19Mar 30, 2022
      H•••••• B••••• V•••••• 1••• L•••Venture Capital Fund$230M21Mar 30, 2022
      H•••••• B••••• X• G••••• B•••••••• L•••Private Equity Fund$227M22Mar 31, 2018
      H•••••• B••••• S•••••••• F••• V• L•••Venture Capital Fund$224M1Mar 30, 2021
      H•••••• B••••• X• G••••• B•••••• L•••Private Equity Fund$195M13Mar 31, 2014
      H•••••• B••••• V•••• L•••Venture Capital Fund$180M30Mar 30, 2012
      H•••••• B••••• V•••••• 1• F•••••• L•••Venture Capital Fund$163M7Mar 30, 2022
      H•••••• B••••• S•••••••• F••• I•• L•••Private Equity Fund$149M1Mar 31, 2018
      H•••••• B••••• I••••••••• I•• L•••Venture Capital Fund$133M30Mar 30, 2012
      H•••••• B••••• X•• G••••• B••••• F•••••• L•••Private Equity Fund$129M2Mar 29, 2019
      H•••••• B••••• S•••••••• F••• 7• L•••Venture Capital Fund$104M1Mar 30, 2023
      H•••••• B••••• X• G••••• B•••••••• L•••Private Equity Fund$101M10Mar 31, 2014
      H•••••• B••••• G••••• 1•• L•••Private Equity Fund$92.5M11Mar 30, 2022
      H•••••• B••••• V••• L•••Venture Capital Fund$92.5M34Mar 30, 2012
      H•••••• B••••• G••••• 1• F•••••• L•••Private Equity Fund$87.0M4Mar 30, 2022
      H•••••• B••••• V•••••• 1• F•••••• L•••Venture Capital Fund$80.0M2Mar 29, 2024
      H•••••• B••••• S•• 4• L•••Venture Capital Fund$75.5M1Mar 30, 2022
      H•••••• B••••• S•••••••• F••• V•• L•••Venture Capital Fund$74.8M1Mar 30, 2021
      H•••••• B••••• S•• I•• L•••Venture Capital Fund$67.8M2Mar 30, 2021
      H•••••• B••••• I••••••••• I••• L•••Venture Capital Fund$64.3M26Mar 30, 2012
      H•••••• B••••• S•• 3• L•••Venture Capital Fund$60.7M1Mar 30, 2022
      H•••••• B••••• G•• L•••Venture Capital Fund$54.2M2Mar 30, 2021
      H•••••• B••••• F••• V•• L•••Venture Capital Fund$38.6M12Mar 30, 2012
      H•••••• B••••• S•••••••• F••• I••••• L•••Private Equity Fund$34.3M8Mar 30, 2020
      All funds of H•••••• B••••• P••••••• L••
      Owners and control persons
      Schedule A and B, latest filing
      • C•••• D•• H• · Managing Director And Membercontrol
        since 09/2011 · owns 10% to 25%
      • C•••••••• L•••• · Managing Director And Trusteecontrol
        since 09/2003 · owns 10% to 25%
      • F••••••• J•••••• D••• · Managing Director And Trusteecontrol
        since 09/2003 · owns 10% to 25%
      • M••••• K•••••• · Managing Directorcontrol
        since 09/2003 · owns less than 5%
      • M•••••• K•••••••• M••• · Managing Director/Coo, Chief Compliance Officer, Trusteecontrol
        since 01/2008 · owns 10% to 25%
      • S••• Y• · Managing Director And Membercontrol
        since 01/2011 · owns 10% to 25%
      • V•• C•••• · Chief Financial Officercontrol
        since 10/2010 · owns less than 5%
      Entity owners
      • B••• F••••• T•••• · Member
        direct · owns 10% to 25%
      • C••••••• F••••• R•••••••• T•••• U•••• M•••• 9• 2••• · Member
        direct · owns 10% to 25%
      • J••••• D• A•• C•••••• J• F•••••• F••••• R•••••••• T•••• U•••• D•••• J••• 2•• 2••• · Member
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • H• G•• L••
        pooled vehicle sponsorn
      • H• G••••• 1•••• L••
        pooled vehicle sponsorn
      • H• G••••• 1•• L••
        pooled vehicle sponsorn
      • H• I•• L••
        pooled vehicle sponsorn
      • H• S•• 3• L••
        pooled vehicle sponsorn
      • H• S•• 4• L••
        pooled vehicle sponsorn
      • H• S•• I•• L••
        pooled vehicle sponsorn
      • H• S•••••••• F••• 7• L••
        pooled vehicle sponsorn
      • H• S•••••••• F••• I•• L••
        pooled vehicle sponsorn
      • H• S•••••••• F••• I••••• L••
        pooled vehicle sponsorn
      • H• S•••••••• F••• I••• L••
        pooled vehicle sponsorn
      • H• S•••••••• F••• I•• L••
        pooled vehicle sponsorn
      • H• S•••••••• F••• V• L••
        pooled vehicle sponsorn
      • H• S•••••••• F••• V•• L••
        pooled vehicle sponsorn
      • H• S••••••••• L••
        pooled vehicle sponsorn
      • H• V••••• L••
        pooled vehicle sponsorn
      • H• V•••••• 1•• L••
        pooled vehicle sponsorn
      • H• V•••••• 1•• L••
        pooled vehicle sponsorn
      • H• V••• L••
        pooled vehicle sponsorn
      • H• V•••• L••
        pooled vehicle sponsorn
      • H• X• G••••• B•••••• L••
        pooled vehicle sponsorn
      • H• X• V••••••• L••
        pooled vehicle sponsorn
      • H• X• G••••• B•••••••• L••
        pooled vehicle sponsorn
      • H• X• G••••• B•••••• L••
        pooled vehicle sponsorn
      • H• X• V••••••• L••
        pooled vehicle sponsorn
      • H• X•• G••••• B•••••••• L••
        pooled vehicle sponsorn
      • H• X•• G••••• B•••••• L••
        pooled vehicle sponsorn
      • H• X•• V••••••• L••
        pooled vehicle sponsorn
      • H• X••• V••••••• L••
        pooled vehicle sponsorn
      • H•• I••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • London, United Kingdom2 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 11 to 10
        Jul 31, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 41 to 45
        Jul 31, 2025 to Mar 31, 2026
      • Assets in custody · $22B to $24B
        Jul 31, 2025 to Mar 31, 2026
      • Employees · 47 to 45
        Jul 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $22B to $24B
        Jul 31, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $17.5M to $16.3M
        Jul 31, 2025 to Mar 31, 2026
      • Pension RAUM · $17.5M to $16.3M
        Jul 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $22B to $24B
        Jul 31, 2025 to Mar 31, 2026
      • RAUM · $22B to $24B
        Jul 31, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Mar 31, 2025 to Jul 31, 2025
      • Accounts · 42 to 46
        Jul 23, 2024 to Mar 31, 2025
      • Assets in custody · $22B to $22B
        Jul 23, 2024 to Mar 31, 2025
      • Private funds · 41 to 45
        Jul 23, 2024 to Mar 31, 2025
      • Discretionary RAUM · $22B to $22B
        Jul 23, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $13.2M to $17.5M
        Jul 23, 2024 to Mar 31, 2025
      • Pension RAUM · $13.2M to $17.5M
        Jul 23, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $22B to $22B
        Jul 23, 2024 to Mar 31, 2025
      • RAUM · $22B to $22B
        Jul 23, 2024 to Mar 31, 2025
      • Accounts · 46 to 42
        Jul 7, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 45 to 41
        Jul 7, 2023 to Mar 29, 2024
      • Assets in custody · $24B to $22B
        Jul 7, 2023 to Mar 29, 2024
      • Private funds · 45 to 41
        Jul 7, 2023 to Mar 29, 2024
      • Discretionary RAUM · $24B to $22B
        Jul 7, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $11.5M to $13.2M
        Jul 7, 2023 to Mar 29, 2024
      • Pension RAUM · $11.5M to $13.2M
        Jul 7, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $24B to $22B
        Jul 7, 2023 to Mar 29, 2024
      • RAUM · $24B to $22B
        Jul 7, 2023 to Mar 29, 2024
      • Accounts · 45 to 46
        Dec 8, 2022 to Mar 30, 2023
      • Advisory employees · 12 to 11
        Dec 8, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 44 to 45
        Dec 8, 2022 to Mar 30, 2023
      • Assets in custody · $27B to $24B
        Dec 8, 2022 to Mar 30, 2023
      • Private funds · 44 to 45
        Dec 8, 2022 to Mar 30, 2023
      • Discretionary RAUM · $12.8M to $24B
        Dec 8, 2022 to Mar 30, 2023
      • Non-discretionary RAUM · $27B to $11.5M
        Dec 8, 2022 to Mar 30, 2023
      • Pension RAUM · $12.8M to $11.5M
        Dec 8, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $27B to $24B
        Dec 8, 2022 to Mar 30, 2023
      • RAUM · $27B to $24B
        Dec 8, 2022 to Mar 30, 2023
      • Accounts · 37 to 45
        Jun 30, 2021 to Mar 30, 2022
      • Pooled vehicle clients · 36 to 44
        Jun 30, 2021 to Mar 30, 2022
      • Assets in custody · $17B to $27B
        Jun 30, 2021 to Mar 30, 2022
      Signals
      3 dated events
      • J. Alfred Giuffrida (Managing Director And Trustee) no longer on Schedule A of H•••••• B••••• P••••••• L•• (listed 2023-07-07, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • H•••••• B••••• P••••••• L•• reported RAUM $27.4B, up 57% from $17.5B (2021-06-30 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • Deborah Elizabeth Obershaw (Managing Director And Member) no longer on Schedule A of H•••••• B••••• P••••••• L•• (listed 2021-03-30, absent 2021-06-30)
        Jun 30, 2021 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/horsley-bridge-partnersreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-986-7733reportedpublic record, Form ADV, Jun 17, 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