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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

SEC-registered adviser

P••••••••• C••••••• L••

Asset manager (funds and pooled vehicles)Denver, ColoradoCRD 125139SEC 801-61781websiteIAPD
Latest filing May 27, 2026
First filing on the tape Feb 27, 2012 · 27 filings
SEC status approved since Feb 10, 2003
RAUM
$652M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.5%
$9.6M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
19
8 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
9
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$652M as of May 27, 2026
Feb 27, 2012$532M then
HNW client RAUM$9.6M as of May 27, 2026
Mar 23, 2018$6.7M then
State-registered IARs (5.B.3)0 as of May 27, 2026
Mar 27, 20130 then
Employees (5.A)19 as of May 27, 2026
Mar 27, 201313 then
Private funds9 as of May 27, 2026
Feb 27, 20123 then
RAUM -43% over the last fiscal year-50% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 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
$506,579derivedHNW RAUM over HNW clients
Average account
$18.1MderivedRAUM 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
unknownderived2 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 individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$129M, 16 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$642M99%
  • High-net-worth individuals$9.6M1.5%
Individual clients
n/areported
HNW clients
19reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
36reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$129M for 16 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.01 fund_share=0.99 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)
      FundTypeGross assetsOwnersFirst reported
      L••• E•• F••• I••••• L••Hedge Fund$689M53Aug 27, 2021
      P••••••••• C•••••• M•••• S••••• F•••• L•• • S••••• C•no longer reportedHedge Fund$508M1Feb 27, 2012
      L••• E•• F••• I••••• L••Hedge Fund$413M2Aug 27, 2021
      T•• L••• F••• I• •••••• F••••• L•no longer reportedHedge Fund$299M35Feb 27, 2012
      L••• E•• F••• I•••• L••Hedge Fund$223M44Mar 31, 2021
      L••• E•• F••• I•••• L••Hedge Fund$125M1Mar 31, 2021
      L••• P••• M••••• F••• S• • S••••••••• P•••••••• O• P••••••••• C•••••• M••••• P••••••••• S•••Hedge Fund$110M44Mar 27, 2013
      L••• E•• F••• I•••• L••Hedge Fund$61.6M2Mar 31, 2021
      L••• E•• F••• I•••• L••Hedge Fund$55.7M2Mar 31, 2021
      L••• E•• F••• I•••• L••Hedge Fund$52.4M2Mar 31, 2021
      L••• E•• F••• I•••• L••Hedge Fund$50.0M1Mar 31, 2021
      T•• L••• R••••• R••• M••••• F••• S• • S••••••••• P•••••••• O• P••••••••• C•••••• M••••• F••• S•••no longer reportedHedge Fund$36.0M67Mar 27, 2014
      P••••••••• C•••••• M•••• S••••• F•••• L•• • S••••• A•no longer reportedHedge Fund$9.4M15Feb 27, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • C••••• C••••• A••• · Membercontrol
        since 05/1997 · owns 75% or more
      • H•••••• K••••• J•••••• · Chief Compliance Officercontrol
        since 05/2024 · owns less than 5%
      Related persons
      Schedule D 7.A
      • L••• W•••• L••• A••••••••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Studio City, CA3 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 27, 2026
        RAUM (Item 5.F) moved from $1,150,706,000 to $651,828,000 (-43.0%) between the annual amendments of 2025-03-26 and 2026-03-27; the peer median change was +8.0% (672 comparable advisers, 2.0th percentile of changes)
        peers: asset managers, $500M to $1B (672) · 2.2% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 38 to 36
        Mar 27, 2026 to May 27, 2026
      • Pooled vehicle clients · 19 to 17
        Mar 27, 2026 to May 27, 2026
      • Private funds · 10 to 9
        Mar 27, 2026 to May 27, 2026
      • Accounts · 36 to 38
        Jan 5, 2026 to Mar 27, 2026
      • Advisory employees · 7 to 8
        Jan 5, 2026 to Mar 27, 2026
      • HNW clients · 18 to 19
        Jan 5, 2026 to Mar 27, 2026
      • Pooled vehicle clients · 18 to 19
        Jan 5, 2026 to Mar 27, 2026
      • Assets in custody · $337M to $129M
        Jan 5, 2026 to Mar 27, 2026
      • Employees · 20 to 19
        Jan 5, 2026 to Mar 27, 2026
      • Discretionary RAUM · $1.2B to $652M
        Jan 5, 2026 to Mar 27, 2026
      • HNW RAUM · $10.5M to $9.6M
        Jan 5, 2026 to Mar 27, 2026
      • Pooled vehicle RAUM · $1.1B to $642M
        Jan 5, 2026 to Mar 27, 2026
      • RAUM · $1.2B to $652M
        Jan 5, 2026 to Mar 27, 2026
      • Financial planning clients · unset to
        Mar 26, 2025 to Jul 23, 2025
      • Accounts · 38 to 36
        Sep 30, 2024 to Mar 26, 2025
      • Advisory employees · 9 to 7
        Sep 30, 2024 to Mar 26, 2025
      • Charity clients · 1.0 to unset
        Sep 30, 2024 to Mar 26, 2025
      • Employees · 21 to 20
        Sep 30, 2024 to Mar 26, 2025
      • Private funds · 9 to 10
        Sep 30, 2024 to Mar 26, 2025
      • Discretionary RAUM · $1.9B to $1.2B
        Sep 30, 2024 to Mar 26, 2025
      • HNW RAUM · $18.4M to $10.5M
        Sep 30, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $1.9B to $1.1B
        Sep 30, 2024 to Mar 26, 2025
      • RAUM · $1.9B to $1.2B
        Sep 30, 2024 to Mar 26, 2025
      • Accounts · 17 to 38
        Aug 15, 2023 to Mar 8, 2024
      • Advisory employees · 8 to 9
        Aug 15, 2023 to Mar 8, 2024
      • Assets in custody · $937M to $337M
        Aug 15, 2023 to Mar 8, 2024
      • Employees · 23 to 21
        Aug 15, 2023 to Mar 8, 2024
      • Discretionary RAUM · $5.2B to $1.9B
        Aug 15, 2023 to Mar 8, 2024
      • HNW RAUM · $10.4M to $18.4M
        Aug 15, 2023 to Mar 8, 2024
      • Pooled vehicle RAUM · $5.1B to $1.9B
        Aug 15, 2023 to Mar 8, 2024
      • RAUM · $5.2B to $1.9B
        Aug 15, 2023 to Mar 8, 2024
      • Accounts · 54 to 17
        Nov 1, 2022 to Mar 27, 2023
      • Advisory employees · 12 to 8
        Nov 1, 2022 to Mar 27, 2023
      • Charity clients · unset to 1.0
        Nov 1, 2022 to Mar 27, 2023
      • HNW clients · 19 to 18
        Nov 1, 2022 to Mar 27, 2023
      • Assets in custody · $2.0B to $937M
        Nov 1, 2022 to Mar 27, 2023
      • Employees · 24 to 23
        Nov 1, 2022 to Mar 27, 2023
      • Discretionary RAUM · $13B to $5.2B
        Nov 1, 2022 to Mar 27, 2023
      • HNW RAUM · $4.7M to $10.4M
        Nov 1, 2022 to Mar 27, 2023
      • Pooled vehicle RAUM · $13B to $5.1B
        Nov 1, 2022 to Mar 27, 2023
      Signals
      12 dated events
      • P••••••••• C••••••• L•• reported RAUM $651.8M, down 43% from $1.2B (2026-01-05 to 2026-03-27)
        Mar 27, 2026 · RAUM change · derived
      • P••••••••• C••••••• L•• reported RAUM $1.2B, down 40% from $1.9B (2024-09-30 to 2025-03-26)
        Mar 26, 2025 · RAUM change · derived
      • P Nathan Osborn (Head Of Portfolio Operations/Chief Compliance Officer) no longer on Schedule A of P••••••••• C••••••• L•• (listed 2024-03-08, absent 2024-05-29)
        May 29, 2024 · Control person left · inference
      • Jeffrey Koert Huddle (Chief Compliance Officer) appeared on Schedule A of P••••••••• C••••••• L••
        May 29, 2024 · Control person joined · fact
      • P••••••••• C••••••• L•• reported RAUM $1.9B, down 63% from $5.2B (2023-08-15 to 2024-03-08)
        Mar 8, 2024 · RAUM change · derived
      • P••••••••• C••••••• L•• reported RAUM $5.2B, down 60% from $13.2B (2022-11-01 to 2023-03-27)
        Mar 27, 2023 · RAUM change · derived
      • P Nathan Osborn (Head Of Portfolio Operations/Chief Compliance Officer) appeared on Schedule A of P••••••••• C••••••• L••
        Mar 27, 2023 · Control person joined · fact
      • Jay Michelle Sommer (Chief Compliance Officer) no longer on Schedule A of P••••••••• C••••••• L•• (listed 2022-11-01, absent 2023-03-27)
        Mar 27, 2023 · Control person left · inference
      • P••••••••• C••••••• L•• reported RAUM $13.2B, up 462% from $2.3B (2021-08-27 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Marie Heide Burroughs (Director Of Finance) no longer on Schedule A of P••••••••• C••••••• L•• (listed 2021-08-27, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • P••••••••• C••••••• L•• reported RAUM $2.3B, up 276% from $623.9M (2020-06-29 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Michelle Sommer (Chief Compliance Officer) appeared on Schedule A of P••••••••• C••••••• L••
        Mar 31, 2021 · 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/P•••••••••-CAPITALreportedpublic record, Form ADV, Sep 19, 2026
      Website
      PROP-CAP.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      303-575-9084reportedpublic record, Form ADV, May 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