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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SEC-registered adviser

N••••••• R•••• C•••••• M••••••••• L•••

Asset manager (funds and pooled vehicles)Darien, ConnecticutCRD 133046SEC 801-73469websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Feb 13, 2012 · 25 filings
SEC status approved since Feb 22, 2012
RAUM
$553M
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
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$553M as of Mar 31, 2026
Mar 25, 2013$233M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 25, 20131 then
Employees (5.A)6 as of Mar 31, 2026
Mar 25, 20135 then
Private funds2 as of Mar 31, 2026
Mar 25, 20137 then
RAUM +39% over the last fiscal year+13% 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
$79.0MderivedRAUM 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
+39%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$453M, 4 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$453M82%
  • Corporations and businesses$99.3M18%
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
$453M for 4 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.82 institutional_share=0.0 related_bd=false related_bank=true 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
      14 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      N••••••• R•••• C•••••• •••• L•••Hedge Fund$312M77Feb 13, 2012
      N•• P••••••• I• L•Hedge Fund$67.9M5Mar 29, 2019
      B••••• D•••••• P•••••••• L•••no longer reportedHedge Fund$25.1M26Feb 13, 2012
      B••••• D•••••• P••••••• S••• L•••no longer reportedOther Private Fund$25.1M78Nov 17, 2015
      N•• S••• C••••••• L•no longer reportedHedge Fund$19.4M30Mar 29, 2021
      B• P••••••• I• L•••no longer reportedHedge Fund$18.6M25Feb 13, 2012
      B• P••••••• V•• S••• L•••no longer reportedHedge Fund$11.8M2Mar 31, 2014
      B• P••••••• V•• L•••no longer reportedHedge Fund$7.1M22Jun 27, 2013
      B• P••••••• V• S••• L•••no longer reportedHedge Fund$6.9M2Jun 27, 2013
      B• P••••••• V••• L•••no longer reportedHedge Fund$4.7M24Mar 31, 2014
      B• P••••••• I•• L•••no longer reportedHedge Fund$3.7M16Feb 13, 2012
      B• P••••••• I•• L•••no longer reportedHedge Fund$2.9M10Feb 13, 2012
      B• P••••••• I••• L•••no longer reportedHedge Fund$879,6316Feb 13, 2012
      B• P••••••• V• L•••no longer reportedHedge Fund$237,75018May 23, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••• R••••••• B••••••• · Chief Operating Officer & Chief Compliance Officercontrol
        since 03/2024 · owns less than 5%
      • D••••••• M••••••• A••• · Class A Limited Partnercontrol
        since 01/2010 · owns 75% or more
      • D••••••• M••••••• A••• · Class A Membercontrol
        since 12/2009 · owns 75% or more of B• A•••••••• L••
      Entity owners
      • B• A•••••••• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • B• A•••••••• L••
        y
      • N••••••• R•••• C•••••• O••••••• M••••••••• L•••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • affiliate changedChange between filings · filing Mar 31, 2026
        bank affiliate (Item 7.A.6): no on the filing of 2025-03-28, yes on the filing of 2026-03-31
        peers: asset managers, $500M to $1B (784)
      What changed
      consecutive filings, newest first
      • Accounts · 6 to 7
        Mar 28, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 2 to 4
        Mar 28, 2025 to Mar 31, 2026
      • Assets in custody · $327M to $453M
        Mar 28, 2025 to Mar 31, 2026
      • Private funds · 1 to 2
        Mar 28, 2025 to Mar 31, 2026
      • Discretionary RAUM · $398M to $553M
        Mar 28, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $327M to $453M
        Mar 28, 2025 to Mar 31, 2026
      • RAUM · $398M to $553M
        Mar 28, 2025 to Mar 31, 2026
      • Related bank · false to true
        Mar 28, 2025 to Mar 31, 2026
      • Corporate clients · 4.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • Assets in custody · $312M to $327M
        Mar 29, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 28, 2025
      • State-registered IARs · 1 to 0
        Mar 29, 2024 to Mar 28, 2025
      • Discretionary RAUM · $380M to $398M
        Mar 29, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $312M to $327M
        Mar 29, 2024 to Mar 28, 2025
      • RAUM · $380M to $398M
        Mar 29, 2024 to Mar 28, 2025
      • Corporate clients · 3 to 4
        Mar 12, 2024 to Mar 29, 2024
      • Pooled vehicle clients · 3 to 2
        Mar 12, 2024 to Mar 29, 2024
      • Assets in custody · $324M to $312M
        Mar 12, 2024 to Mar 29, 2024
      • Employees · 5 to 6
        Mar 12, 2024 to Mar 29, 2024
      • Private funds · 2 to 1
        Mar 12, 2024 to Mar 29, 2024
      • Discretionary RAUM · $381M to $380M
        Mar 12, 2024 to Mar 29, 2024
      • Pooled vehicle RAUM · $325M to $312M
        Mar 12, 2024 to Mar 29, 2024
      • RAUM · $381M to $380M
        Mar 12, 2024 to Mar 29, 2024
      • Corporate clients · 2 to 3
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 4 to 3
        Mar 30, 2022 to Mar 31, 2023
      • Assets in custody · $391M to $324M
        Mar 30, 2022 to Mar 31, 2023
      • Private funds · 3 to 2
        Mar 30, 2022 to Mar 31, 2023
      • Discretionary RAUM · $446M to $381M
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $392M to $325M
        Mar 30, 2022 to Mar 31, 2023
      • RAUM · $446M to $381M
        Mar 30, 2022 to Mar 31, 2023
      • Corporate clients · 3 to 2
        Dec 10, 2021 to Mar 30, 2022
      • Pooled vehicle clients · 3 to 4
        Dec 10, 2021 to Mar 30, 2022
      • Assets in custody · $290M to $391M
        Dec 10, 2021 to Mar 30, 2022
      • Discretionary RAUM · $353M to $446M
        Dec 10, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $291M to $392M
        Dec 10, 2021 to Mar 30, 2022
      • RAUM · $353M to $446M
        Dec 10, 2021 to Mar 30, 2022
      • Assets in custody · $186M to $290M
        Mar 30, 2020 to Mar 29, 2021
      • Private funds · 2 to 3
        Mar 30, 2020 to Mar 29, 2021
      • Discretionary RAUM · $226M to $353M
        Mar 30, 2020 to Mar 29, 2021
      • Pooled vehicle RAUM · $187M to $291M
        Mar 30, 2020 to Mar 29, 2021
      Signals
      4 dated events
      • N••••••• R•••• C•••••• M••••••••• L••• reported RAUM $552.8M, up 39% from $398.1M (2025-03-28 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • Benjamin Richard Billig (Chief Operating Officer & Chief Compliance Officer) appeared on Schedule A of N••••••• R•••• C•••••• M••••••••• L•••
        Mar 12, 2024 · Control person joined · fact
      • N••••••• R•••• C•••••• M••••••••• L••• reported RAUM $353.3M, up 56% from $225.8M (2020-03-30 to 2021-03-29)
        Mar 29, 2021 · RAUM change · derived
      • N••••••• R•••• C•••••• M••••••••• L••• reported RAUM $211.3M, up 98% from $106.7M (2017-03-31 to 2018-03-29)
        Mar 29, 2018 · 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.
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/northern-right-capitalreportedpublic record, Form ADV, Sep 19, 2026
      Website
      N•••••••R••••CAP.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      (203) 883-9441reportedpublic 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