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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Former SEC-registered adviser

K•••••• M••••••••• L•

Former SEC-registered adviserCRD 118884SEC 801-60864websiteIAPD
Latest filing Jul 25, 2024
First filing on the tape Feb 1, 2012 · 37 filings
SEC status approved since Jan 22, 2002
RAUM
$88.0M
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
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
$121M gross assets
History
37 filings and snapshots on the tape
RAUM$88.0M as of Jul 25, 2024
Aug 21, 2012$189M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jul 25, 2024
Jul 24, 20130 then
Employees (5.A)8 as of Jul 25, 2024
Jul 24, 201320 then
Private funds3 as of Jul 25, 2024
Aug 21, 20124 then
RAUM -20% over the last fiscal year-33% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 25, 2024; 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
$22.0MderivedRAUM 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
-20%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 pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Custody
$69.0M, 3 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$68.7M78%
  • Investment companies$19.2M22%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$69.0M for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      Every departureEvery arrival
      Private funds
      5 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      K•• S••••••••• L•no longer reportedHedge Fund$101M2Feb 1, 2012
      K•• A•••• S••••••••• F•••• L•no longer reportedHedge Fund$101M50Feb 1, 2012
      K• A••••••• M••••• M••••• F••• L•Hedge Fund$68.7M2Apr 12, 2019
      K• A••••••• M••••• F••• L•Hedge Fund$47.0M62Apr 12, 2019
      K• A••••••• O••••••• M••••• F••• L••Hedge Fund$5.3M17Apr 12, 2019
      Owners and control persons
      Schedule A and B, latest filing
      • F•••••••• G•••• M•••••• · Cfo/Chief Compliance Officercontrol
        since 12/2001 · owns less than 5%
      • K••••••• G•••••• A••••• · Limited Partnercontrol
        since 06/2002 · owns less than 5%
      • K••••••• G•••••• A••••• · Managing Membercontrol
        since 01/2012 · owns 75% or more of K•••••• C••••••• L••
      Entity owners
      • K•••••• C••••••• L•• · General Partner
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Advisers that list K•••••• M••••••••• L• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $72.5M to $69.0M
        Jul 19, 2023 to Jul 25, 2024
      • Discretionary RAUM · $110M to $88.0M
        Jul 19, 2023 to Jul 25, 2024
      • Pooled vehicle RAUM · $72.5M to $68.7M
        Jul 19, 2023 to Jul 25, 2024
      • RAUM · $110M to $88.0M
        Jul 19, 2023 to Jul 25, 2024
      • Assets in custody · $90.3M to $72.5M
        Jul 21, 2022 to Jul 19, 2023
      • Discretionary RAUM · $157M to $110M
        Jul 21, 2022 to Jul 19, 2023
      • Pooled vehicle RAUM · $90.3M to $72.5M
        Jul 21, 2022 to Jul 19, 2023
      • RAUM · $157M to $110M
        Jul 21, 2022 to Jul 19, 2023
      • Assets in custody · $158M to $90.3M
        Nov 8, 2021 to Jul 21, 2022
      • Discretionary RAUM · $276M to $157M
        Nov 8, 2021 to Jul 21, 2022
      • Pooled vehicle RAUM · $158M to $90.3M
        Nov 8, 2021 to Jul 21, 2022
      • RAUM · $276M to $157M
        Nov 8, 2021 to Jul 21, 2022
      • Assets in custody · $173M to $158M
        Jul 22, 2021 to Nov 8, 2021
      • HQ city · NEW YORK to unset
        Jul 22, 2021 to Nov 8, 2021
      • HQ state · NY to unset
        Jul 22, 2021 to Nov 8, 2021
      • Discretionary RAUM · $298M to $276M
        Jul 22, 2021 to Nov 8, 2021
      • Pooled vehicle RAUM · $173M to $158M
        Jul 22, 2021 to Nov 8, 2021
      • RAUM · $298M to $276M
        Jul 22, 2021 to Nov 8, 2021
      • Assets in custody · $81.2M to $173M
        Jul 16, 2020 to Jul 22, 2021
      • Discretionary RAUM · $218M to $298M
        Jul 16, 2020 to Jul 22, 2021
      • Pooled vehicle RAUM · $81.2M to $173M
        Jul 16, 2020 to Jul 22, 2021
      • RAUM · $218M to $298M
        Jul 16, 2020 to Jul 22, 2021
      • Related bank · true to false
        Jul 16, 2020 to Jul 22, 2021
      • Assets in custody · $46.0M to $81.2M
        Jul 25, 2019 to Jul 16, 2020
      • Discretionary RAUM · $309M to $218M
        Jul 25, 2019 to Jul 16, 2020
      • Pooled vehicle RAUM · $46.0M to $81.2M
        Jul 25, 2019 to Jul 16, 2020
      • RAUM · $309M to $218M
        Jul 25, 2019 to Jul 16, 2020
      • Assets in custody · $18.8M to $46.0M
        Apr 12, 2019 to Jul 25, 2019
      • Discretionary RAUM · $247M to $309M
        Apr 12, 2019 to Jul 25, 2019
      • Pooled vehicle RAUM · $18.8M to $46.0M
        Apr 12, 2019 to Jul 25, 2019
      • RAUM · $247M to $309M
        Apr 12, 2019 to Jul 25, 2019
      • Accounts · 1 to 4
        Sep 11, 2018 to Apr 12, 2019
      • Advisory activities · 1 to 2
        Sep 11, 2018 to Apr 12, 2019
      • Pooled vehicle clients · unset to 3.0
        Sep 11, 2018 to Apr 12, 2019
      • Assets in custody · unset to 18770071.0
        Sep 11, 2018 to Apr 12, 2019
      • Custody of client assets · false to true
        Sep 11, 2018 to Apr 12, 2019
      • Private funds · unset to 3
        Sep 11, 2018 to Apr 12, 2019
      • Discretionary RAUM · $274M to $247M
        Sep 11, 2018 to Apr 12, 2019
      • Pooled vehicle RAUM · unset to 18770071.0
        Sep 11, 2018 to Apr 12, 2019
      • RAUM · $274M to $247M
        Sep 11, 2018 to Apr 12, 2019
      Signals
      2 dated events
      • K•••••• M••••••••• L• no longer on the SEC adviser roster (last listed 2025-01-02, RAUM $88.0M)
        Feb 3, 2025 · Left the SEC roster · derived
      • K•••••• M••••••••• L• reported RAUM $156.6M, down 43% from $275.9M (2021-11-08 to 2022-07-21)
        Jul 21, 2022 · 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.
      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
      Former SEC-registered 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