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
L•••••• C•••••• M••••••••• L•
Latest filing Mar 20, 2026
First filing on the tape Apr 4, 2012 · 29 filings
SEC status approved since Mar 26, 2001
RAUM
$365M
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
8
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$365M as of Mar 20, 2026
Apr 4, 2012$208M then
HNW client RAUM$0 as of Mar 20, 2026
Mar 27, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 20, 2026
Apr 4, 20120 then
Employees (5.A)8 as of Mar 20, 2026
Mar 27, 20136 then
Private funds4 as of Mar 20, 2026
Apr 4, 20124 then
RAUM -13% over the last fiscal year-13% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 20, 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
- $40.5MderivedRAUM 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
- -13%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
- $213M, 5 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)
- 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)
- 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$365M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 9reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $213M for 5 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
8 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| T•• L•••••• C•••••• M••••• F•••• L••• | Hedge Fund | $576M | 83 | Mar 30, 2017 |
| T•• L•••••• C•••••• F•••• L•no longer reported | Hedge Fund | $493M | 86 | Apr 4, 2012 |
| T•• L•••••• C•••••• O••••••• F•••• L••no longer reported | Hedge Fund | $305M | 59 | Apr 4, 2012 |
| T•• L•••••• C•••••• S•••••• O••••••••• F•••• L•• | Hedge Fund | $18.7M | 14 | Apr 4, 2012 |
| T•• L•••••• F•••• F••• I• L•••no longer reported | Hedge Fund | $13.6M | 3 | Jul 11, 2017 |
| T•• L•••••• C•••••• N••••• M••••• F•••• L•• | Hedge Fund | $12.8M | 5 | Apr 4, 2012 |
| M•• L•••••• F•••• L•no longer reported | Hedge Fund | $8.9M | 6 | Dec 5, 2014 |
| T•• L•••••• E••••••• O••••••••• ••• F•••• L• | Hedge Fund | $5.7M | 3 | Feb 24, 2023 |
Owners and control persons
Schedule A and B, latest filing
- H•••••• M••••••• G••••••• · Managing Membercontrolsince 01/2010 · owns 25% to 50%
- M••••••• P••••••• S•••••• · Chief Operating Officer/Chief Compliance Officercontrolsince 12/2014 · owns less than 5%
- T•••••••• P•••••• N•• · Managing Membercontrolsince 06/2000 · owns 50% to 75%
Entity owners
- L•••••• C•••••• G•••••• P••••••• L•• · G•••••• Partnerdirect · owns less than 5%
Related persons
Schedule D 7.A
- L•••••• E••••••• G•• L••pooled vehicle sponsory
- L•••••• G••••• F•••• L••bankpooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Discretionary RAUM · $418M to $365MMar 31, 2025 to Mar 20, 2026
- Pooled vehicle RAUM · $418M to $365MMar 31, 2025 to Mar 20, 2026
- RAUM · $418M to $365MMar 31, 2025 to Mar 20, 2026
- Advisory employees · 3 to 4Oct 15, 2024 to Mar 31, 2025
- Assets in custody · $302M to $213MOct 15, 2024 to Mar 31, 2025
- Employees · 9 to 8Oct 15, 2024 to Mar 31, 2025
- Financial planning clients · unset to Oct 15, 2024 to Mar 31, 2025
- Discretionary RAUM · $613M to $418MOct 15, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $613M to $418MOct 15, 2024 to Mar 31, 2025
- RAUM · $613M to $418MOct 15, 2024 to Mar 31, 2025
- Accounts · 8 to 9Mar 21, 2023 to Mar 29, 2024
- Assets in custody · $240M to $302MMar 21, 2023 to Mar 29, 2024
- Employees · 8 to 9Mar 21, 2023 to Mar 29, 2024
- Discretionary RAUM · $557M to $613MMar 21, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $557M to $613MMar 21, 2023 to Mar 29, 2024
- RAUM · $557M to $613MMar 21, 2023 to Mar 29, 2024
- Related adviser · true to falseMar 21, 2023 to Mar 29, 2024
- Accounts · 10 to 8Feb 24, 2023 to Mar 21, 2023
- Advisory employees · 7 to 3Feb 24, 2023 to Mar 21, 2023
- Assets in custody · $487M to $240MFeb 24, 2023 to Mar 21, 2023
- Employees · 12 to 8Feb 24, 2023 to Mar 21, 2023
- Private funds · 5 to 4Feb 24, 2023 to Mar 21, 2023
- Discretionary RAUM · $1.2B to $557MFeb 24, 2023 to Mar 21, 2023
- Pooled vehicle RAUM · $1.2B to $557MFeb 24, 2023 to Mar 21, 2023
- RAUM · $1.2B to $557MFeb 24, 2023 to Mar 21, 2023
- Private funds · 4 to 5Mar 30, 2022 to Feb 24, 2023
- Advisory employees · 6 to 7Dec 1, 2021 to Mar 30, 2022
- Assets in custody · $466M to $487MDec 1, 2021 to Mar 30, 2022
- Employees · 13 to 12Dec 1, 2021 to Mar 30, 2022
- Discretionary RAUM · $1.2B to $1.2BDec 1, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $1.1B to $1.2BDec 1, 2021 to Mar 30, 2022
- RAUM · $1.2B to $1.2BDec 1, 2021 to Mar 30, 2022
- Related bank · false to trueDec 1, 2021 to Mar 30, 2022
- Accounts · 9 to 10Dec 23, 2020 to Mar 31, 2021
- Assets in custody · $761M to $466MDec 23, 2020 to Mar 31, 2021
- Discretionary RAUM · $1.8B to $1.2BDec 23, 2020 to Mar 31, 2021
- Pooled vehicle RAUM · $1.7B to $1.1BDec 23, 2020 to Mar 31, 2021
- RAUM · $1.8B to $1.2BDec 23, 2020 to Mar 31, 2021
- Assets in custody · $1.1B to $761MMar 29, 2019 to Mar 27, 2020
- Employees · 12 to 13Mar 29, 2019 to Mar 27, 2020
Signals
6 dated events
- L•••••• C•••••• M••••••••• L• reported RAUM $417.6M, down 32% from $613.5M (2024-10-15 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- L•••••• C•••••• M••••••••• L• reported RAUM $557.5M, down 54% from $1.2B (2023-02-24 to 2023-03-21)Mar 21, 2023 · RAUM change · derived
- L•••••• C•••••• M••••••••• L• reported RAUM $1.2B, down 33% from $1.8B (2020-12-23 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- L•••••• C•••••• M••••••••• L• reported RAUM $1.8B, up 58% from $1.1B (2019-03-29 to 2020-03-27)Mar 27, 2020 · RAUM change · derived
- L•••••• C•••••• M••••••••• L• reported RAUM $1.1B, down 36% from $1.7B (2018-03-27 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
- L•••••• C•••••• M••••••••• L• reported RAUM $1.7B, up 46% from $1.2B (2017-07-11 to 2018-03-27)Mar 27, 2018 · RAUM change · derived
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/lucerne-capital-managementreportedpublic record, Form ADV, Sep 19, 2026
- Website
- L••••••CAP.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 203-983-4400reportedpublic record, Form ADV, Mar 20, 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
Across the graphs
L•••••• C•••••• M••••••••• L• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
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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