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
Whitebox Advisors LLC
Latest filing Mar 25, 2026
First filing on the tape Nov 23, 2011 · 84 filings
SEC status approved since Jan 31, 2006
RAUM
$16B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$16B
derived; firm RAUM over IAPD count
Employees
67
35 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
10
reported on Schedule D
History
84 filings and snapshots on the tape
RAUM$16B as of Mar 25, 2026
Feb 29, 2012$2.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 28, 20131 then
Employees (5.A)67 as of Mar 25, 2026
Mar 28, 201375 then
Private funds10 as of Mar 25, 2026
Feb 29, 20129 then
RAUM +43% over the last fiscal year+18% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $16BderivedRAUM 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
- $984MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 67.0derivedItem 5.A over advisors
- Advisors per office
- 0.2derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +43%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
- $14B, 11 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)
- 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$16B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 16reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $14B for 11 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
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Paul Stephen Twitchell | Austin, Tx | Apr 14, 2014 | 20 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
19 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Whitebox Relative Value Partners, L.P. | Hedge Fund | $3.6B | 160 | Feb 29, 2012 |
| Whitebox Multi-Strategy Partners, L.P. | Hedge Fund | $3.5B | 770 | Feb 29, 2012 |
| Whitebox Clo III Ltd | Securitized Asset Fund | $423M | 2 | Feb 28, 2022 |
| Whitebox Clo IV Ltd. | Securitized Asset Fund | $406M | 2 | Mar 31, 2023 |
| Whitebox Clo II Ltd | Securitized Asset Fund | $404M | 2 | Nov 12, 2020 |
| Whitebox Clo I Ltd | Securitized Asset Fund | $401M | 2 | Sep 5, 2019 |
| Pandora Select Partners, L.P. | Hedge Fund | $339M | 6 | Feb 29, 2012 |
| Whitebox Gt Fund, L.P. | Hedge Fund | $278M | 4 | Feb 29, 2012 |
| Whitebox Term Credit Fund I L.P.no longer reported | Other Private Fund | $97.2M | 92 | Jan 5, 2017 |
| Whitebox Kfa Advantage, LLC | Hedge Fund | $79.1M | 2 | Jun 8, 2016 |
| Whitebox Caja Blanca Fund, LP | Hedge Fund | $70.3M | 2 | Jun 8, 2017 |
| Whitebox L/S Equity Partners, LPno longer reported | Hedge Fund | $65.1M | 25 | Feb 29, 2012 |
| Whitebox Credit Partners, L.P. | Hedge Fund | $49.6M | 30 | Feb 29, 2012 |
| Whitebox Liquid Long Short Equity Partners, Ltdno longer reported | Hedge Fund | $43.4M | 4 | Feb 29, 2012 |
| Whitebox Asymmetric Partners, L.P.no longer reported | Hedge Fund | $15.9M | 71 | Feb 29, 2012 |
| Whitebox Term Credit Fund III LPno longer reported | Other Private Fund | $5.1M | 7 | May 22, 2020 |
| Whitebox Institutional Partners, L.P. | Hedge Fund | $4.4M | 2 | Aug 23, 2012 |
| Whitebox Special Opportunities Fund Series B Partners, LPno longer reported | Hedge Fund | $2.2M | 8 | Feb 29, 2012 |
| Whitebox Term Credit Fund II L.P.no longer reported | Other Private Fund | $0 | 0 | Apr 15, 2019 |
Owners and control persons
Schedule A and B, latest filing
- Raggi Lisa Conrad · General Counsel And Chief Compliance Officercontrolsince 04/2021 · owns less than 5%
- Bin Muquarrab Karim · Chief Operating Officer And Chief Financial Officercontrolsince 07/2020 · owns less than 5%
- Joseph Brian Lofton · Chief Risk Officercontrolsince 05/2014 · owns less than 5%
- Gerald Brian Lutz · Partner, Head Of Convertible Arbitragecontrolsince 05/2022 · owns less than 5%
- Paul Jacob Mercer · Partner, Head Of Special Situations And Restructuringcontrolsince 01/2017 · owns 10% to 25%
- Paul Roos · Partner, Head Of Structured Creditcontrolsince 06/2021 · owns 5% to 10%
- Arthur Nickolas Stukas · Partner, Head Of Credit Relative Valuecontrolsince 05/2022 · owns less than 5%
- Jacob Robert Vogel · Partner, Chief Investment Officercontrolsince 01/2004 · owns less than 5%
- Jacob Robert Vogel · Sole Ownercontrolsince 07/2011 · owns 75% or more of Skagday, Inc.
Entity owners
- Skagday, Inc. · Member Of Whitebox Advisors LLCdirect · owns 50% to 75%
- Blue Owl Gp Stakes II Gp LLC · General Partnerindirect · owns F of Blue Owl Gp Stakes II (B) LP
- Blue Owl Gp Stakes II (A) LP · Non-Voting Member Of Whitebox Advisors LLCdirect · owns less than 5%
- Blue Owl Gp Stakes II (B) LP · Non-Voting Member Of Whitebox General Partner LLCdirect · owns less than 5%
- Blue Owl Capital Carry LP · Memberindirect · owns 75% or more of Blue Owl Gp Stakes Gp Holdings LLC
- Blue Owl Capital Gp Holdings LLC · Managing Memberindirect · owns 75% or more of Blue Owl Capital Gp LLC
- Blue Owl Capital Gp LLC · General Partnerindirect · owns F of Blue Owl Capital Carry LP
- Blue Owl Capital Inc. · Managing Memberindirect · owns 75% or more of Blue Owl Capital Gp Holdings LLC · public reporting company
- Blue Owl Gp Stakes Gp Holdings LLC · Managing Memberindirect · owns F of Blue Owl Gp Stakes II Gp LLC
- Blue Owl Gp Stakes II Gp LLC · General Partnerindirect · owns F of Blue Owl Gp Stakes II Offshore Investors LP
- Blue Owl Gp Stakes II Gp LLC · General Partnerindirect · owns F of Blue Owl Gp Stakes II US Investors LP
- Blue Owl Gp Stakes II Gp LLC · General Partnerindirect · owns F of Dyal Cayman Offshore II LP
- Blue Owl Gp Stakes II Gp LLC · Managing Memberindirect · owns F of Dyal US II LLC
- Blue Owl Gp Stakes II Gp LLC · General Partnerindirect · owns F of Blue Owl Gp Stakes II (A) LP
- Blue Owl Gp Stakes II Offshore Investors LP · Memberindirect · owns 75% or more of Dyal US II LLC
- Blue Owl Gp Stakes II Offshore Investors LP · Limited Partnerindirect · owns 75% or more of Dyal Cayman Offshore II LP
- Blue Owl Gp Stakes II US Investors LP · Limited Partnerindirect · owns 25% to 50% of Blue Owl Gp Stakes II (A) LP
- Blue Owl Gp Stakes II US Investors LP · Limited Partnerindirect · owns 25% to 50% of Blue Owl Gp Stakes II (B) LP
- Dyal Cayman Offshore II LP · Limited Partnerindirect · owns 50% to 75% of Blue Owl Gp Stakes II (B) LP
- Dyal Gp Holdings LLC · Managing Memberindirect · owns F of Blue Owl Gp Stakes II Gp LLC
Related persons
Schedule D 7.A
- Whitebox Advisors Australia Pty Ltd.investment advisery
- Whitebox Advisors London, Llpinvestment advisery
- Whitebox Caja Blanca Gp LLCpooled vehicle sponsory
- Whitebox Capital Management LLCinvestment advisery
- Whitebox General Partner LLCpooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
- Austin, TX13 employees
- New York, NY6 employees
- London, United Kingdom5 employees
- , 1 employees
What changed
consecutive filings, newest first
- Assets in custody · $9.4B to $14BNov 19, 2025 to Mar 25, 2026
- Private funds · 11 to 10Nov 19, 2025 to Mar 25, 2026
- Discretionary RAUM · $11B to $16BNov 19, 2025 to Mar 25, 2026
- Pooled vehicle RAUM · $11B to $16BNov 19, 2025 to Mar 25, 2026
- RAUM · $11B to $16BNov 19, 2025 to Mar 25, 2026
- Financial planning clients · 0 to 0Aug 20, 2025 to Nov 19, 2025
- Private funds · 10 to 11Aug 20, 2025 to Nov 19, 2025
- Accounts · 20 to 16Dec 20, 2024 to Mar 28, 2025
- Advisory employees · 36 to 35Dec 20, 2024 to Mar 28, 2025
- Pooled vehicle clients · 20 to 16Dec 20, 2024 to Mar 28, 2025
- Assets in custody · $7.9B to $9.4BDec 20, 2024 to Mar 28, 2025
- Employees · 65 to 67Dec 20, 2024 to Mar 28, 2025
- Discretionary RAUM · $9.6B to $11BDec 20, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $9.6B to $11BDec 20, 2024 to Mar 28, 2025
- RAUM · $9.6B to $11BDec 20, 2024 to Mar 28, 2025
- Private funds · 12 to 10Mar 28, 2024 to May 15, 2024
- Accounts · 23 to 20Jul 28, 2023 to Mar 28, 2024
- Pooled vehicle clients · 23 to 20Jul 28, 2023 to Mar 28, 2024
- Assets in custody · $7.9B to $7.9BJul 28, 2023 to Mar 28, 2024
- Employees · 68 to 65Jul 28, 2023 to Mar 28, 2024
- Private funds · 13 to 12Jul 28, 2023 to Mar 28, 2024
- Discretionary RAUM · $9.5B to $9.6BJul 28, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $9.5B to $9.6BJul 28, 2023 to Mar 28, 2024
- RAUM · $9.5B to $9.6BJul 28, 2023 to Mar 28, 2024
- Accounts · 25 to 23Feb 14, 2023 to Mar 31, 2023
- Advisory employees · 34 to 36Feb 14, 2023 to Mar 31, 2023
- Pooled vehicle clients · 25 to 23Feb 14, 2023 to Mar 31, 2023
- Assets in custody · $9.4B to $7.9BFeb 14, 2023 to Mar 31, 2023
- Employees · 63 to 68Feb 14, 2023 to Mar 31, 2023
- Financial planning clients · unset to 0Feb 14, 2023 to Mar 31, 2023
- Discretionary RAUM · $11B to $9.5BFeb 14, 2023 to Mar 31, 2023
- Pooled vehicle RAUM · $11B to $9.5BFeb 14, 2023 to Mar 31, 2023
- RAUM · $11B to $9.5BFeb 14, 2023 to Mar 31, 2023
- Accounts · 24 to 25Feb 28, 2022 to Mar 31, 2022
- Pooled vehicle clients · 24 to 25Feb 28, 2022 to Mar 31, 2022
- Assets in custody · $10.0B to $9.4BFeb 28, 2022 to Mar 31, 2022
- Employees · 74 to 63Feb 28, 2022 to Mar 31, 2022
- Discretionary RAUM · $10.0B to $11BFeb 28, 2022 to Mar 31, 2022
- Pooled vehicle RAUM · $10.0B to $11BFeb 28, 2022 to Mar 31, 2022
- RAUM · $10.0B to $11BFeb 28, 2022 to Mar 31, 2022
Signals
15 dated events
- Whitebox Advisors Llc reported RAUM $15.7B, up 43% from $11.0B (2025-11-19 to 2026-03-25)Mar 25, 2026 · RAUM change · derived
- Andrew Simon Waxley (Partner, Head Of Equity Arbitrage) no longer on Schedule A of Whitebox Advisors Llc (listed 2024-05-15, absent 2024-12-20)Dec 20, 2024 · Control person left · inference
- Andrew Simon Waxley (Partner, Head Of Equity Arbitrage) appeared on Schedule A of Whitebox Advisors LlcMay 15, 2024 · Control person joined · fact
- John Robert Riepe (Chief Financial Officer) no longer on Schedule A of Whitebox Advisors Llc (listed 2022-06-01, absent 2023-01-25)Jan 25, 2023 · Control person left · inference
- Arthur Nickolas Stukas (Partner, Head Of Credit Relative Value) appeared on Schedule A of Whitebox Advisors LlcJun 1, 2022 · Control person joined · fact
- Gerald Brian Lutz (Partner, Portfolio Manager - Convertible Arbitrage) appeared on Schedule A of Whitebox Advisors LlcJun 1, 2022 · Control person joined · fact
- Stephen Paul Twitchell (Partner) no longer on Schedule A of Whitebox Advisors Llc (listed 2021-08-16, absent 2021-08-16)Aug 16, 2021 · Control person left · inference
- Paul Roos (Partner, Head Of Structured Credit) appeared on Schedule A of Whitebox Advisors LlcJul 28, 2021 · Control person joined · fact
- Ridgely Christopher Hardy (Chief Compliance Officer) no longer on Schedule A of Whitebox Advisors Llc (listed 2021-03-26, absent 2021-04-19)Apr 19, 2021 · Control person left · inference
- Raggi Lisa Conrad (Chief Compliance Officer) appeared on Schedule A of Whitebox Advisors LlcApr 19, 2021 · Control person joined · fact
- Mclynn Mark Strefling (Partner, Chief Executive Officer & Chief Legal Officer) no longer on Schedule A of Whitebox Advisors Llc (listed 2020-08-26, absent 2020-09-14)Sep 14, 2020 · Control person left · inference
- Bin Muquarrab Karim (Chief Operating Officer) appeared on Schedule A of Whitebox Advisors LlcJul 30, 2020 · Control person joined · fact
- Jay Andrew Redleaf (Sole Member) no longer on Schedule A of Whitebox Advisors Llc (listed 2019-09-05, absent 2019-09-05)Sep 5, 2019 · Control person left · inference
- Paul Jacob Mercer (Partner, Head Of Special Situations And Restructuring) appeared on Schedule A of Whitebox Advisors LlcSep 5, 2019 · Control person joined · fact
- Rae Elissa Weddle (Chief Legal Officer) no longer on Schedule A of Whitebox Advisors Llc (listed 2019-06-26, absent 2019-08-01)Aug 1, 2019 · Control person left · inference
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/whitebox-advisorsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- WHITEBOXADVISORS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 612-253-6001reportedpublic record, Form ADV, Mar 25, 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
- $16Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026