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

Ibex Investors LLC

Asset manager (funds and pooled vehicles)Denver, ColoradoCRD 126496SEC 801-108035websiteIAPD
Latest filing Jun 23, 2026
First filing on the tape Mar 21, 2012 · 23 filings
SEC status approved since Jul 12, 2016
RAUM
$1.2B
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
$1.2B
derived; firm RAUM over IAPD count
Employees
23
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
20
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$1.2B as of Jun 23, 2026
Mar 21, 2012$49.7M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Jun 23, 2026
Mar 21, 20120 then
Employees (5.A)23 as of Jun 23, 2026
Mar 30, 201710 then
Private funds20 as of Jun 23, 2026
Mar 21, 20122 then
RAUM +25% over the last fiscal year+2.6% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jun 23, 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
$1.2BderivedRAUM 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
$43.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
23.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+25%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 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
$1.2B, 27 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.2B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
27reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$1.2B for 27 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
NameBranchHere sinceIn industryPrior firms
Justin Bradley BorusDenver, CoJan 1, 202626 y0
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
      34 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Ibex Israel Fund LllpHedge Fund$500M529Jun 21, 2016
      Ibex Behavioral Finance Fund LPno longer reportedHedge Fund$191M236Sep 28, 2017
      Ibex Partners (Core) LPPrivate Equity Fund$104M330Mar 31, 2022
      Ibex Israel Vc LPPrivate Equity Fund$100M162Mar 31, 2021
      Ibex Israel Fund 1 Lllpno longer reportedHedge Fund$89.9M98Mar 21, 2012
      Ibex Behavioral Finance Fund 1 LPno longer reportedHedge Fund$85.9M92Mar 30, 2017
      Ibex Mobility Revolution Vc LPPrivate Equity Fund$42.3M209Mar 31, 2022
      Ibex Spc (Offshore) Ltd.no longer reportedPrivate Equity Fund$20.8M42Mar 26, 2018
      Ibex Israel Fund (Offshore) Ltd.no longer reportedHedge Fund$19.6M46Sep 28, 2017
      Ibex Partners (Sifive) LPPrivate Equity Fund$15.7M162Mar 31, 2022
      Ibex Spc (Offshore) Ltd. - Sifive SpPrivate Equity Fund$15.7M20Mar 24, 2023
      Ibex Partners (Gauzy) LPPrivate Equity Fund$15.3M118Sep 28, 2017
      Ibex Israel Public-Only LPHedge Fund$14.4M57Mar 24, 2023
      Ibex Partners (Mw) LllpPrivate Equity Fund$11.7M3Mar 30, 2017
      Ibex Partners (Core) II LPno longer reportedPrivate Equity Fund$10.4M210Mar 24, 2023
      Ibex Partners (Revel) LPPrivate Equity Fund$10.3M200Mar 30, 2020
      Ibex Partners (Vatbox) LPPrivate Equity Fund$8.2M118Mar 31, 2022
      Ibex Partners (Cylus) LPPrivate Equity Fund$7.6M116Mar 31, 2022
      Ibex Partners (1m Robotics) LPPrivate Equity Fund$6.8M71Mar 24, 2023
      Ibex Microcap Fund LllpHedge Fund$5.0M41Mar 21, 2012
      Ibex Mobility Revolution Fund LPHedge Fund$4.7M215Sep 28, 2017
      Ibex Behavioral Finance Fund (Offshore) Master Ltd.no longer reportedHedge Fund$4.6M1Sep 28, 2017
      Ibex Stele LPHedge Fund$3.5M8Mar 31, 2021
      Ibex Partners (Glassbox) LPPrivate Equity Fund$2.8M178Mar 31, 2021
      Ibex Behavioral Finance Fund (Offshore) Ltd.no longer reportedHedge Fund$2.4M8Sep 28, 2017
      Ibex Spc (Offshore) Ltd. - Vatbox SpPrivate Equity Fund$1.7M14Mar 24, 2023
      Ibex Partners (Kaminario) LllpPrivate Equity Fund$1.4M70Jun 21, 2016
      Ibex Spc (Offshore) Ltd. - Revel SpPrivate Equity Fund$564,1009Mar 24, 2023
      Ibex Spc (Offshore) Ltd. - Glassbox 2020 SpPrivate Equity Fund$447,23113Mar 24, 2023
      Ibex Spc (Offshore) Ltd. - Glassbox SpPrivate Equity Fund$354,2555Mar 24, 2023
      Ibex Partners (Nexar) LPPrivate Equity Fund$340,3538Mar 26, 2018
      Ibex Partners (Zimperium) Lllpno longer reportedPrivate Equity Fund$14,25130Jun 21, 2016
      Ibex Partners (Shoes.Com) Lllpno longer reportedPrivate Equity Fund$038Jun 21, 2016
      Ibex Israel Vc II LPPrivate Equity Fund$0128Mar 22, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • Daniel Adam Averbach · General Counsel And Chief Compliance Officercontrol
        since 11/2014 · owns less than 5%
      • Bradley Justin Borus · Chief Executive Officer, Chief Investment Officer, Manager, And Foundercontrol
        since 02/2003 · owns less than 5%
      • Campbell Laura Huff · Chief Operating Officercontrol
        since 09/2017 · owns less than 5%
      • David Stuart Schnabolk · Chief Financial Officercontrol
        since 07/2024 · owns less than 5%
      • Bradley Justin Borus · Sole Shareholder, Director, President, Treasurer And Secretarycontrol
        since 04/2016 · owns 75% or more of Jbb Holdings Inc.
      Entity owners
      • Ibex Investment Holdings LLC · Sole Member
        direct · owns 75% or more
      • Jbb Holdings Inc. · Class A Member
        indirect · owns 75% or more of Ibex Investment Holdings LLC
      Related persons
      Schedule D 7.A
      • Ibex Gp LLC
        bankpooled vehicle sponsorn
      • Ibex Israel Vc Gp II, LLC
        pooled vehicle sponsorn
      • Ibex Israel Vc Gp LLC
        pooled vehicle sponsorn
      • Ibex Mobility Revolution Vc Gp LLC
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Tel Aviv - Yafo, Israel3 employees
      What changed
      consecutive filings, newest first
      • Accounts · 31 to 27
        Apr 25, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 31 to 27
        Apr 25, 2025 to Mar 31, 2026
      • Assets in custody · $927M to $1.2B
        Apr 25, 2025 to Mar 31, 2026
      • Private funds · 24 to 20
        Apr 25, 2025 to Mar 31, 2026
      • Discretionary RAUM · $927M to $1.2B
        Apr 25, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $927M to $1.2B
        Apr 25, 2025 to Mar 31, 2026
      • RAUM · $927M to $1.2B
        Apr 25, 2025 to Mar 31, 2026
      • Accounts · 30 to 31
        Aug 6, 2024 to Apr 25, 2025
      • Pooled vehicle clients · 30 to 31
        Aug 6, 2024 to Apr 25, 2025
      • Assets in custody · $873M to $927M
        Aug 6, 2024 to Apr 25, 2025
      • Employees · 25 to 23
        Aug 6, 2024 to Apr 25, 2025
      • Financial planning clients · unset to
        Aug 6, 2024 to Apr 25, 2025
      • Discretionary RAUM · $1.0B to $927M
        Aug 6, 2024 to Apr 25, 2025
      • Pooled vehicle RAUM · $1.0B to $927M
        Aug 6, 2024 to Apr 25, 2025
      • RAUM · $1.0B to $927M
        Aug 6, 2024 to Apr 25, 2025
      • Accounts · 31 to 30
        May 8, 2023 to Mar 22, 2024
      • Advisory employees · 11 to 10
        May 8, 2023 to Mar 22, 2024
      • Pooled vehicle clients · 31 to 30
        May 8, 2023 to Mar 22, 2024
      • Assets in custody · $1.1B to $873M
        May 8, 2023 to Mar 22, 2024
      • Employees · 26 to 25
        May 8, 2023 to Mar 22, 2024
      • Private funds · 25 to 24
        May 8, 2023 to Mar 22, 2024
      • Discretionary RAUM · $1.1B to $1.0B
        May 8, 2023 to Mar 22, 2024
      • Pooled vehicle RAUM · $1.1B to $1.0B
        May 8, 2023 to Mar 22, 2024
      • RAUM · $1.1B to $1.0B
        May 8, 2023 to Mar 22, 2024
      • Accounts · 24 to 31
        Jan 12, 2023 to Mar 24, 2023
      • Advisory employees · 12 to 11
        Jan 12, 2023 to Mar 24, 2023
      • Pooled vehicle clients · 24 to 31
        Jan 12, 2023 to Mar 24, 2023
      • Assets in custody · $1.3B to $1.1B
        Jan 12, 2023 to Mar 24, 2023
      • State-registered IARs · 2 to 1
        Jan 12, 2023 to Mar 24, 2023
      • Private funds · 18 to 25
        Jan 12, 2023 to Mar 24, 2023
      • Discretionary RAUM · $1.3B to $1.1B
        Jan 12, 2023 to Mar 24, 2023
      • Pooled vehicle RAUM · $1.3B to $1.1B
        Jan 12, 2023 to Mar 24, 2023
      • RAUM · $1.3B to $1.1B
        Jan 12, 2023 to Mar 24, 2023
      • Accounts · 16 to 24
        May 12, 2021 to Mar 31, 2022
      • Advisory employees · 10 to 12
        May 12, 2021 to Mar 31, 2022
      • Advisory activities · 2 to 1
        May 12, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 16 to 24
        May 12, 2021 to Mar 31, 2022
      • Assets in custody · $803M to $1.3B
        May 12, 2021 to Mar 31, 2022
      • Employees · 21 to 26
        May 12, 2021 to Mar 31, 2022
      • State-registered IARs · 3 to 2
        May 12, 2021 to Mar 31, 2022
      Signals
      10 dated events
      • Ibex Investors Llc reported RAUM $1.2B, up 25% from $926.8M (2025-04-25 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • Thomas Brian Montgomery (Chief Financial Officer) no longer on Schedule A of Ibex Investors Llc (listed 2024-03-22, absent 2024-08-06)
        Aug 6, 2024 · Control person left · inference
      • David Stuart Schnabolk (Chief Financial Officer) appeared on Schedule A of Ibex Investors Llc
        Aug 6, 2024 · Control person joined · fact
      • Todd Brian Abrams (President) no longer on Schedule A of Ibex Investors Llc (listed 2022-03-31, absent 2022-05-10)
        May 10, 2022 · Control person left · inference
      • Ibex Investors Llc reported RAUM $1.3B, up 62% from $803.0M (2021-05-12 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Thomas Brian Montgomery (Chief Financial Officer) appeared on Schedule A of Ibex Investors Llc
        Jan 28, 2021 · Control person joined · fact
      • Ibex Investors Llc reported RAUM $708.3M, up 39% from $509.7M (2019-03-31 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Ibex Investors Llc reported RAUM $509.7M, up 26% from $406.1M (2018-05-24 to 2019-03-31)
        Mar 31, 2019 · RAUM change · derived
      • Ibex Investors Llc reported RAUM $406.1M, up 48% from $274.1M (2017-09-28 to 2018-03-26)
        Mar 26, 2018 · RAUM change · derived
      • Lazarus Management Company Llc filed its initial SEC registration (Form ADV)
        Jun 21, 2016 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/ibex-investors-llcreportedpublic record, Form ADV, Sep 17, 2026
      Website
      ibexinvestors.comreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      303-500-8821reportedpublic record, Form ADV, Jun 23, 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
      $1.2Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026