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••••••••• I••••••••• L••
Latest filing Mar 27, 2026
First filing on the tape Mar 30, 2012 · 37 filings
SEC status approved since Feb 27, 1998
RAUM
$5.8B
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
52
23 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$5.8B as of Mar 27, 2026
Mar 30, 2012$3.6B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Apr 1, 20130 then
Employees (5.A)52 as of Mar 27, 2026
Apr 1, 201357 then
Private funds5 as of Mar 27, 2026
Mar 30, 20125 then
RAUM -5.3% over the last fiscal year+0.7% 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
- $730MderivedRAUM 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
- -5.3%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 businesses and institutions, portfolio management for pooled vehicles, otherreportedItem 5.G
- Custody
- $5.8B, 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
- 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$5.8B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 8reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $5.8B 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=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
13 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| T••••••••• D••• F••• V••• L• | Hedge Fund | $2.9B | 63 | Aug 26, 2020 |
| T••••••••• D••• F••• V•••• L• | Hedge Fund | $1.6B | 34 | Feb 26, 2023 |
| T••••••••• D••• F••• V•• L• | Hedge Fund | $1.5B | 59 | Feb 27, 2018 |
| T••••••••• D••• O••••••••• F••• V• L• | Private Equity Fund | $423M | 38 | Nov 25, 2015 |
| A•••••• M••••• F••• L•no longer reported | Hedge Fund | $95.1M | 7 | Mar 30, 2012 |
| T••••••••• D••• F••• V••• • D••••••••• C••••••••• L• | Hedge Fund | $73.4M | 14 | May 24, 2024 |
| T••••••••• V•••• F••• •••••••• L••no longer reported | Other Private Fund | $53.5M | 9 | Feb 26, 2020 |
| T••••••••• D••• O••••••••• F••• I•• L•• | Private Equity Fund | $51.9M | 40 | Apr 1, 2013 |
| T••••••••• D••• O••••••••• F••• I• L••no longer reported | Private Equity Fund | $30.3M | 16 | Mar 30, 2012 |
| T• R••• E••••• S••••••••• B••••••••• L••no longer reported | Private Equity Fund | $6.0M | 3 | Mar 30, 2012 |
| T••••••••• D••• O••••••••• F••• L••••••••• T••••no longer reported | Private Equity Fund | $4.5M | 46 | Mar 30, 2012 |
| T••••••••• C••••• F•••• L•• | Other Private Fund | $4.0M | 19 | Feb 26, 2016 |
| T••••••••• D••• O••••••••• F••• I••• L••no longer reported | Private Equity Fund | $0 | 45 | Mar 30, 2012 |
Owners and control persons
Schedule A and B, latest filing
- D•••••• G••••••• P••• · Managing Partner, Co-Chief Investment Officercontrolsince 02/2024 · owns less than 5%
- D••••••••• F••••• · Managing Partner, Chief Operating Officercontrolsince 04/2018 · owns less than 5%
- H•••••• D•••••• S•••• · Founder, Managing Partner, Co-Chief Investment Officercontrolsince 01/1998 · owns less than 5%
- K•••• J••••• S•• C•••• · Chief Compliance Officer / General Counselcontrolsince 10/2024 · owns less than 5%
- Y••••• M•••• S••••• · Managing Partner, Co-Chief Investment Officercontrolsince 03/2013 · owns less than 5%
- H•••••• D•••••• S•••• · Membercontrolsince 01/1998 · owns 75% or more of T•••• C••••••• L••
Entity owners
- T••••••••• H••••••• L•• · Memberdirect · owns 75% or more
- T•••• C••••••• L•• · Memberindirect · owns 50% to 75% of T••••••••• H••••••• L••
Related persons
Schedule D 7.A
- T••••••••• D••• F••• V•• G•• L••pooled vehicle sponsory
- T••••••••• D••• F••• V•• G•• L•pooled vehicle sponsory
- T••••••••• D••• F••• V••• G•• L••pooled vehicle sponsory
- T••••••••• D••• F••• V••• G•• L•pooled vehicle sponsory
- T••••••••• D••• O••••••••• I• G•• L••pooled vehicle sponsory
- T••••••••• D••• O••••••••• V• G•• L••pooled vehicle sponsory
- T••••••••• D••• O••••••••• V• G•• L•pooled vehicle sponsory
- T••••••••• D••• O••••••••• V• G•• L••pooled vehicle sponsory
- T••••••••• D••• O••••••••• V• G•• L•pooled vehicle sponsory
- T••••••••• S•••••••• M••••••••• L••pooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 10 to 8Mar 28, 2025 to Mar 27, 2026
- Pooled vehicle clients · 10 to 8Mar 28, 2025 to Mar 27, 2026
- Assets in custody · $6.1B to $5.8BMar 28, 2025 to Mar 27, 2026
- Employees · 57 to 52Mar 28, 2025 to Mar 27, 2026
- Private funds · 6 to 5Mar 28, 2025 to Mar 27, 2026
- Discretionary RAUM · $6.2B to $5.8BMar 28, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $2.8M to $264,782Mar 28, 2025 to Mar 27, 2026
- Pooled vehicle RAUM · $6.2B to $5.8BMar 28, 2025 to Mar 27, 2026
- RAUM · $6.2B to $5.8BMar 28, 2025 to Mar 27, 2026
- Advisory employees · 22 to 23Oct 2, 2024 to Mar 28, 2025
- Assets in custody · $6.5B to $6.1BOct 2, 2024 to Mar 28, 2025
- Employees · 59 to 57Oct 2, 2024 to Mar 28, 2025
- Financial planning clients · unset to Oct 2, 2024 to Mar 28, 2025
- Private funds · 7 to 6Oct 2, 2024 to Mar 28, 2025
- Discretionary RAUM · $6.5B to $6.2BOct 2, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $3.7M to $2.8MOct 2, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $6.5B to $6.2BOct 2, 2024 to Mar 28, 2025
- RAUM · $6.5B to $6.2BOct 2, 2024 to Mar 28, 2025
- Related adviser · true to falseOct 2, 2024 to Mar 28, 2025
- Private funds · 6 to 7Mar 30, 2024 to May 24, 2024
- Advisory employees · 24 to 22Mar 31, 2023 to Mar 30, 2024
- Assets in custody · $5.7B to $6.5BMar 31, 2023 to Mar 30, 2024
- Discretionary RAUM · $5.7B to $6.5BMar 31, 2023 to Mar 30, 2024
- Non-discretionary RAUM · $7.1M to $3.7MMar 31, 2023 to Mar 30, 2024
- Pooled vehicle RAUM · $5.7B to $6.5BMar 31, 2023 to Mar 30, 2024
- RAUM · $5.7B to $6.5BMar 31, 2023 to Mar 30, 2024
- Assets in custody · $5.6B to $5.7BFeb 26, 2023 to Mar 31, 2023
- Discretionary RAUM · $5.7B to $5.7BFeb 26, 2023 to Mar 31, 2023
- Non-discretionary RAUM · $11.6M to $7.1MFeb 26, 2023 to Mar 31, 2023
- Pooled vehicle RAUM · $5.7B to $5.7BFeb 26, 2023 to Mar 31, 2023
- RAUM · $5.7B to $5.7BFeb 26, 2023 to Mar 31, 2023
- Private funds · 5 to 6Dec 9, 2022 to Feb 26, 2023
- Accounts · 13 to 10Mar 31, 2021 to Mar 31, 2022
- Advisory employees · 25 to 24Mar 31, 2021 to Mar 31, 2022
- Advisory activities · 2 to 3Mar 31, 2021 to Mar 31, 2022
- Pooled vehicle clients · 13 to 10Mar 31, 2021 to Mar 31, 2022
- Assets in custody · $4.6B to $5.6BMar 31, 2021 to Mar 31, 2022
- Employees · 58 to 59Mar 31, 2021 to Mar 31, 2022
- Private funds · 6 to 5Mar 31, 2021 to Mar 31, 2022
- Discretionary RAUM · $4.7B to $5.7BMar 31, 2021 to Mar 31, 2022
Signals
8 dated events
- Howard Richard Metsch (Chief Compliance Officer) no longer on Schedule A of T••••••••• I••••••••• L•• (listed 2024-08-22, absent 2024-10-02)Oct 2, 2024 · Control person left · inference
- St. Clare Jason Kerr (Chief Compliance Officer / General Counsel) appeared on Schedule A of T••••••••• I••••••••• L••Oct 2, 2024 · Control person joined · fact
- Paul Gregory Dineen (Managing Partner, Co-Chief Investment Officer) appeared on Schedule A of T••••••••• I••••••••• L••Mar 30, 2024 · Control person joined · fact
- Stuart Robert Kopchains (Partner) no longer on Schedule A of T••••••••• I••••••••• L•• (listed 2022-12-09, absent 2023-02-26)Feb 26, 2023 · Control person left · inference
- Jennifer Yuen (Managing Director) no longer on Schedule A of T••••••••• I••••••••• L•• (listed 2022-03-31, absent 2022-08-02)Aug 2, 2022 · Control person left · inference
- T••••••••• I••••••••• L•• reported RAUM $4.7B, up 28% from $3.7B (2020-08-26 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Alan Michael Romo (Managing Director) no longer on Schedule A of T••••••••• I••••••••• L•• (listed 2020-08-26, absent 2021-03-31)Mar 31, 2021 · Control person left · inference
- Jennifer Yuen (Managing Director) appeared on Schedule A of T••••••••• I••••••••• L••Mar 31, 2021 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- T••••••••• I••••••••• L•• · Independent Sponsorsshared crd · capital_provider
- T••••••••• I••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/torchlight-investorsreportedpublic record, Form ADV, Sep 18, 2026
- Website
- T•••••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 212-883-2800reportedpublic 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