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

Steelhead Partners, LLC

Asset manager (funds and pooled vehicles)Seattle, WashingtonCRD 116569SEC 801-65393websiteIAPD
Legal name Steelhead Partners,LLC
Latest filing Mar 31, 2026
First filing on the tape Mar 26, 2012 · 19 filings
SEC status approved since Jan 23, 2006
RAUM
$2.5B
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
12
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$2.5B as of Mar 31, 2026
Mar 26, 2012$1.6B then
HNW client RAUM$0 as of Mar 13, 2024
Mar 26, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 26, 20120 then
Employees (5.A)12 as of Mar 31, 2026
Mar 20, 201318 then
Private funds2 as of Mar 31, 2026
Mar 26, 20123 then
RAUM -2.6% over the last fiscal year+8.2% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
$359MderivedRAUM 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
-2.6%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-based, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$2.5B100%
  • Corporations and businesses$2.6M0.1%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
Joined, latest
none on the tape
    Private funds
    5 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Steelhead Pathfinder Master, L.P.Hedge Fund$2.6B165Mar 26, 2012
    Steelhead Navigator Master, L.P.Hedge Fund$30.1M87Mar 26, 2012
    The Jk One Fund, L.P.no longer reportedHedge Fund$571,19912Mar 26, 2012
    Steelhead Navigator Spv, L.P.no longer reportedOther Private Fund$13,4560Mar 30, 2017
    Steelhead Navigator Spv, Ltd.no longer reportedOther Private Fund$2470Mar 30, 2017
    Owners and control persons
    Schedule A and B, latest filing
    • Eugene Brent Binge · General Counsel And Chief Compliance Officercontrol
      since 07/2010 · owns less than 5%
    • William Grant Hulse · Chief Financial Officer/Chief Operating Officercontrol
      since 06/2010 · owns less than 5%
    • Michael James Johnston · Membercontrol
      since 10/1996 · owns 25% to 50%
    • R Nicholas Mcfarland · Member/Co-Portfolio Managercontrol
      since 04/2020 · owns 25% to 50%
    • Bradley Scott Schaefer · Managing Membercontrol
      since 03/2019 · owns less than 5%
    • Martin Greg Stevenson · Presidentcontrol
      since 06/2010 · owns less than 5%
    • Bradley Scott Schaefer · Trusteecontrol
      since 04/2014 · owns F of The Schaefer Family Trust
    • Katz Brian Klein · Member
      since 10/1996 · owns less than 5%
    • Katherine Melissa Schaefer · Trustee
      since 04/2014 · owns F of The Schaefer Family Trust
    Entity owners
    • The Schaefer Family Trust · Member
      direct · owns 25% to 50%
    Related persons
    Schedule D 7.A
    • Steelhead Navigator Cayman Gp, Ltd.
      pooled vehicle sponsory
    • Steelhead Pf Capital, Ltd.
      pooled vehicle sponsory
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Employees · 14 to 12
      Mar 18, 2025 to Mar 31, 2026
    • Discretionary RAUM · $2.6B to $2.5B
      Mar 18, 2025 to Mar 31, 2026
    • Pooled vehicle RAUM · $2.6B to $2.5B
      Mar 18, 2025 to Mar 31, 2026
    • RAUM · $2.6B to $2.5B
      Mar 18, 2025 to Mar 31, 2026
    • Advisory employees · 5 to 6
      Mar 13, 2024 to Mar 18, 2025
    • Charity clients · 0.0 to unset
      Mar 13, 2024 to Mar 18, 2025
    • HNW clients · 0.0 to unset
      Mar 13, 2024 to Mar 18, 2025
    • Pension plan clients · 0.0 to unset
      Mar 13, 2024 to Mar 18, 2025
    • Employees · 12 to 14
      Mar 13, 2024 to Mar 18, 2025
    • Financial planning clients · unset to
      Mar 13, 2024 to Mar 18, 2025
    • Discretionary RAUM · $2.6B to $2.6B
      Mar 13, 2024 to Mar 18, 2025
    • HNW RAUM · 0.0 to unset
      Mar 13, 2024 to Mar 18, 2025
    • Individual RAUM · 0.0 to unset
      Mar 13, 2024 to Mar 18, 2025
    • Pension RAUM · 0.0 to unset
      Mar 13, 2024 to Mar 18, 2025
    • Pooled vehicle RAUM · $2.6B to $2.6B
      Mar 13, 2024 to Mar 18, 2025
    • RAUM · $2.6B to $2.6B
      Mar 13, 2024 to Mar 18, 2025
    • Employees · 13 to 12
      Mar 21, 2023 to Mar 13, 2024
    • Discretionary RAUM · $2.0B to $2.6B
      Mar 21, 2023 to Mar 13, 2024
    • Pooled vehicle RAUM · $2.0B to $2.6B
      Mar 21, 2023 to Mar 13, 2024
    • RAUM · $2.0B to $2.6B
      Mar 21, 2023 to Mar 13, 2024
    • Accounts · 9 to 7
      Mar 29, 2022 to Mar 21, 2023
    • Pooled vehicle clients · 8 to 6
      Mar 29, 2022 to Mar 21, 2023
    • Assets in custody · 0.0 to unset
      Mar 29, 2022 to Mar 21, 2023
    • Custody of client assets · true to false
      Mar 29, 2022 to Mar 21, 2023
    • Private funds · 4 to 2
      Mar 29, 2022 to Mar 21, 2023
    • Discretionary RAUM · $2.4B to $2.0B
      Mar 29, 2022 to Mar 21, 2023
    • Pooled vehicle RAUM · $2.4B to $2.0B
      Mar 29, 2022 to Mar 21, 2023
    • RAUM · $2.4B to $2.0B
      Mar 29, 2022 to Mar 21, 2023
    • Assets in custody · $3.1M to $0
      Mar 22, 2021 to Mar 29, 2022
    • Discretionary RAUM · $2.6B to $2.4B
      Mar 22, 2021 to Mar 29, 2022
    • Pooled vehicle RAUM · $2.6B to $2.4B
      Mar 22, 2021 to Mar 29, 2022
    • RAUM · $2.6B to $2.4B
      Mar 22, 2021 to Mar 29, 2022
    • Accounts · 10 to 9
      Apr 15, 2020 to Mar 22, 2021
    • Assets in custody · $3.2M to $3.1M
      Apr 15, 2020 to Mar 22, 2021
    • Employees · 12 to 13
      Apr 15, 2020 to Mar 22, 2021
    • Discretionary RAUM · $2.0B to $2.6B
      Apr 15, 2020 to Mar 22, 2021
    • Pooled vehicle RAUM · $2.0B to $2.6B
      Apr 15, 2020 to Mar 22, 2021
    • RAUM · $2.0B to $2.6B
      Apr 15, 2020 to Mar 22, 2021
    • Assets in custody · $4.7M to $3.2M
      Dec 19, 2019 to Mar 27, 2020
    • Employees · 13 to 12
      Dec 19, 2019 to Mar 27, 2020
    Signals
    4 dated events
    • Steelhead Partners, Llc reported RAUM $2.6B, up 32% from $2.0B (2023-03-21 to 2024-03-13)
      Mar 13, 2024 · RAUM change · derived
    • Steelhead Partners, Llc reported RAUM $2.6B, up 30% from $2.0B (2020-04-15 to 2021-03-22)
      Mar 22, 2021 · RAUM change · derived
    • R Nicholas Mcfarland (Member/Co-Portfolio Manager) appeared on Schedule A of Steelhead Partners, Llc
      Apr 15, 2020 · Control person joined · fact
    • Bradley Scott Schaefer (Managing Member) appeared on Schedule A of Steelhead Partners, Llc
      Mar 26, 2019 · Control person joined · fact
    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/steelhead-partnersreportedpublic record, Form ADV, Sep 17, 2026
    Website
    STEELHEAD.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    206-307-0910reportedpublic record, Form ADV, Mar 31, 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