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

H• C•••••• P•••••• E••••• L••

Asset manager (funds and pooled vehicles)Miami, FloridaCRD 134231SEC 801-64151websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Mar 19, 2012 · 29 filings
SEC status approved since Apr 12, 2005
RAUM
$5.4B
reported, Item 5.F
Discretionary
13%
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
78
18 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
19
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$5.4B as of Mar 31, 2026
Mar 19, 2012$4.6B then
HNW client RAUM$0 as of Oct 3, 2025
Mar 29, 2018$14.0M then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Apr 2, 20130 then
Employees (5.A)78 as of Mar 31, 2026
Apr 2, 201356 then
Private funds19 as of Mar 31, 2026
Mar 19, 201229 then
RAUM -33% over the last fiscal year-9.2% 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
$108MderivedRAUM over accounts (5.F.2.f)
Discretionary
13%derivedof RAUM
Institutional
28%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived5 offices incl. principal (1.F.5)
RAUM growth, one year
-33%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 vehicles, educational seminarsreportedItem 5.G
Custody
$1.3B, 38 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)
  • 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$3.3B66%
  • Pension and profit-sharing plans$1.2B25%
  • Insurance companies$274M5.5%
  • Corporations and businesses$184M3.7%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
2reported
Charitable clients
n/areported
Accounts
50reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$1.3B for 38 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.6 institutional_share=0.28 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
      54 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      H• C•••••• I• S•• S•••••••• • A••• S•••••••• F••• I•Private Equity Fund$466M149Mar 30, 2017
      H• C•••••• I• S•• S•••••••• • A••• C•••••• V••• A•••Private Equity Fund$439M37Mar 28, 2019
      H• C•••••• I• S•• S•••••••• • A••• S•••••••• F••• V•Private Equity Fund$377M100Mar 31, 2020
      H• C•••••• I• S•• S•••••••• • A••• C•••••• V••• U•••Private Equity Fund$303M25Mar 28, 2019
      A••• C•••••• S•• S••••••••• U• P••••••••Private Equity Fund$274M39Mar 30, 2015
      H• C•••••• I• S•• S•••••••• • A••• C••••••••• F••• I•Private Equity Fund$269M75Mar 31, 2020
      H• C•••••• I• S•• S••••••••• • A••• C•••••• I• U•••Private Equity Fund$192M15Mar 31, 2022
      H• C•••••• I• S•• S••••••••• • A••• C••••••••• F••• I••Private Equity Fund$188M46Mar 31, 2022
      H• C•••••• I• S•• S•••••••• • A••• C•••••• V••• E•••••Private Equity Fund$184M17Mar 28, 2019
      A••• C•••••• S•• S•••••••• • A••• A••• I•Private Equity Fund$184M37Mar 30, 2016
      A••• C•••••• S•• S••••••••• E••••••• P••••••••Private Equity Fund$146M28Mar 30, 2015
      H• C•••••• I• S•• S••••••••• • A••• C•••••• I• A•••Private Equity Fund$138M14Mar 31, 2022
      A••• S•••••••• F••• I•• L•••Private Equity Fund$136M92Apr 2, 2013
      A•••• R••••• T••••• L•••Private Equity Fund$123M34Mar 19, 2012
      A••• C•••••• S•• S•••••••• • A••• A••• S•••••••• F•••Private Equity Fund$101M37Mar 30, 2016
      H• C•••••• I• S•• S••••••••• • A••• S•••••••• F••• V•Private Equity Fund$70.2M8Mar 29, 2024
      A••• C•••••• I• L•••no longer reportedPrivate Equity Fund$64.4M74Mar 19, 2012
      H• C•••••• I• S•• S••••••••• • A••• C•••••• I• E•••••Private Equity Fund$63.2M6Mar 31, 2022
      A••• C•••••• L•••no longer reportedPrivate Equity Fund$54.9M36Mar 19, 2012
      H• C•••••• I• S•• S••••••••• • A••• D••• I••••• F•••Private Equity Fund$48.8M8Mar 31, 2022
      A••• A••• I• L•••Private Equity Fund$46.4M17Mar 19, 2012
      A••• C•••••• V••• U•••• L•Private Equity Fund$43.8M16Mar 31, 2021
      A••• G••••• P•••••••Private Equity Fund$37.1M10Mar 19, 2012
      A••• C•••••• I• G••• • C•• K•no longer reportedPrivate Equity Fund$34.4M58Mar 19, 2012
      A••• C•••••• I• G••• • C•• K•Private Equity Fund$34.0M59Mar 29, 2024
      H•• V•••••• P•••••••• 2•••••••• L•••Private Equity Fund$27.8M7Mar 31, 2021
      A••• S•••••••• F••• I• L•••Private Equity Fund$27.2M26Mar 19, 2012
      H•• A•••• P• S•••••••• 2••• L•••Private Equity Fund$24.7M18Mar 31, 2021
      A••• A•••• G••••• F••• G••• • C•• K•Private Equity Fund$22.4M21Apr 2, 2013
      A••• S•••••••• F••• L•••Private Equity Fund$21.5M57Mar 19, 2012
      A••• A••• P•••••• G••• • C•• K•Private Equity Fund$21.1M26Mar 19, 2012
      A••• C•••••• I• C••••••••• G••• • C•• K•no longer reportedPrivate Equity Fund$18.1M30Mar 19, 2012
      A••• C•••••• I• L•••no longer reportedPrivate Equity Fund$17.9M27Mar 19, 2012
      A••• C•••••• V••••••• L•••Private Equity Fund$15.5M12Mar 19, 2012
      A••• C•••••• V••• L•••Private Equity Fund$13.9M14Mar 19, 2012
      A••• C•••••• V•••••• L•••Private Equity Fund$13.9M9Mar 19, 2012
      A••• S••••• L•••no longer reportedPrivate Equity Fund$12.3M22Mar 19, 2012
      A••• V••••••• L•••no longer reportedVenture Capital Fund$9.2M44Mar 19, 2012
      A••• C•••••• I• C••••••••• F••• L•••no longer reportedPrivate Equity Fund$9.0M33Mar 19, 2012
      A••• C•••••• V•••••••• L•••Private Equity Fund$8.8M12Mar 19, 2012
      All funds of H• C•••••• P•••••• E••••• L••
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• M••• · Chief Executive Officer/ Chief Financial Officer Of Hq Capital Groupcontrol
        since 03/2023 · owns less than 5%
      • D• L••••• R••••• · Chief Executive Officer Of H• C•••••• P•••••• E••••• L••control
        since 08/2024 · owns less than 5%
      • K•••••••• P•••••• · Managing Director, Global Head Of Operationscontrol
        since 09/2022 · owns less than 5%
      • L•••••• M•••• R••• · Managing Director, Head Of U.S. Investments, Global Head Of C•••••••••Scontrol
        since 02/2015 · owns less than 5%
      • W•••••• S••••••• B•••• · Managing Director, Global Head Of P•••••• Equitycontrol
        since 12/2004 · owns less than 5%
      • W•••••• B•••••••• G••• · Managing Director, Global Head Of Secondariescontrol
        since 07/2019 · owns less than 5%
      • D••••••• J•••••• D•••••• · Managing Director, U.S. Head Of Operations, General Counsel/ Chief Compliance Officer
        since 01/2022 · owns less than 5%
      Entity owners
      • H• C•••••• U••• L•• · Managing Member
        direct · owns 75% or more
      • H• C•••••• G••• • C•• K• · Sole Shareholder
        indirect · owns 75% or more of H• C•••••• I••••••••• L•••
      • H• C•••••• I••••••••• ••••• I••• · General Partner
        indirect · owns F of H• C•••••• I••••••••• L•••
      • H• C•••••• I••••••••• L••• · Sole Shareholder
        indirect · owns 75% or more of H• C•••••• U••• L••
      • H• C•••••• M••••••••• G••• · General Partner
        indirect · owns F of H• C•••••• G••• • C•• K•
      • H• H•••••• G••• • C•• K• · Limited Partner
        indirect · owns 25% to 50% of H• C•••••• G••• • C•• K•
      • H• H•••••• M••••••••• G••• · General Partner
        indirect · owns F of H• H•••••• G••• • C•• K•
      Related persons
      Schedule D 7.A
      • A•••• R••••• T••••• G• L•••
        pooled vehicle sponsory
      • A••• • T•••• L••
        pooled vehicle sponsory
      • A••• A•• I• ••••••• G•
        pooled vehicle sponsory
      • A••• A••• I• G• L•••
        pooled vehicle sponsory
      • A••• C•••••• G• S•••••••
        pooled vehicle sponsory
      • A••• C•••••• I• G• L•
        pooled vehicle sponsory
      • A••• C•••••• V••••••• L•••
        pooled vehicle sponsory
      • A••• C•••••• V••••• L•••
        pooled vehicle sponsory
      • A••• C•••••• V• G• L•••
        pooled vehicle sponsory
      • A••• S•••••••• ••••••• L•••
        pooled vehicle sponsory
      • A••• S•••••••• F••• G• L•••
        pooled vehicle sponsory
      • A••• S•••••••• I• G• L•••
        pooled vehicle sponsory
      • A••• S•••••••• I•• G• L•••
        pooled vehicle sponsory
      • H• C•••••• G• L•••
        pooled vehicle sponsory
      • H• C•••••• I• G• S•• R•••
        pooled vehicle sponsory
      • H• C•••••• I•• G• S••••••
        pooled vehicle sponsory
      • H• C•••••• I• G• S••••••
        pooled vehicle sponsory
      • H• C•••••• U••• L••
        pooled vehicle sponsory
      • H• C•••••• V• G• S••••••
        pooled vehicle sponsory
      • H•• A•••• S•••••••• G• L•••
        pooled vehicle sponsory
      • H•• V•••••• G• L•••
        pooled vehicle sponsory
      • P• C••••••• V••••••••• G•••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Bad Homburg, Germany6 employees
      • Victoria City, Hong Kong6 employees
      • Miami, FL1 employees
      • Singapore, Singapore1 employees
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • discretionary share shiftChange between filings · filing Mar 31, 2026
        discretionary share of RAUM moved from 53.0% to 13.0% between the annual amendments of 2025-03-31 and 2026-03-31
        peers: asset managers, $5B to $20B (684)
      • RAUM down 25 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $8,054,962,728 to $5,396,680,267 (-33.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +13.0% (631 comparable advisers, 2.0th percentile of changes)
        peers: asset managers, $5B to $20B (631) · 1.7% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 59 to 50
        Oct 3, 2025 to Mar 31, 2026
      • Advisory employees · 14 to 18
        Oct 3, 2025 to Mar 31, 2026
      • Charity clients · 0.0 to unset
        Oct 3, 2025 to Mar 31, 2026
      • HNW clients · 0.0 to unset
        Oct 3, 2025 to Mar 31, 2026
      • Individual clients · 0.0 to unset
        Oct 3, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 48 to 39
        Oct 3, 2025 to Mar 31, 2026
      • Assets in custody · $5.5B to $1.3B
        Oct 3, 2025 to Mar 31, 2026
      • Employees · 76 to 78
        Oct 3, 2025 to Mar 31, 2026
      • Private funds · 35 to 19
        Oct 3, 2025 to Mar 31, 2026
      • Discretionary RAUM · $4.3B to $690M
        Oct 3, 2025 to Mar 31, 2026
      • HNW RAUM · 0.0 to unset
        Oct 3, 2025 to Mar 31, 2026
      • Individual RAUM · 0.0 to unset
        Oct 3, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $3.8B to $4.7B
        Oct 3, 2025 to Mar 31, 2026
      • Pension RAUM · $1.1B to $1.2B
        Oct 3, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $6.1B to $3.3B
        Oct 3, 2025 to Mar 31, 2026
      • RAUM · $8.1B to $5.4B
        Oct 3, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Mar 31, 2025 to Jul 3, 2025
      • Accounts · 65 to 59
        Jan 17, 2025 to Mar 31, 2025
      • Advisory employees · 21 to 14
        Jan 17, 2025 to Mar 31, 2025
      • Corporate clients · 5 to 2
        Jan 17, 2025 to Mar 31, 2025
      • Pooled vehicle clients · 50 to 48
        Jan 17, 2025 to Mar 31, 2025
      • Assets in custody · $5.4B to $5.5B
        Jan 17, 2025 to Mar 31, 2025
      • Employees · 80 to 76
        Jan 17, 2025 to Mar 31, 2025
      • HQ city · NEW YORK to MIAMI
        Jan 17, 2025 to Mar 31, 2025
      • HQ state · NY to FL
        Jan 17, 2025 to Mar 31, 2025
      • Private funds · 36 to 35
        Jan 17, 2025 to Mar 31, 2025
      • Discretionary RAUM · $4.2B to $4.3B
        Jan 17, 2025 to Mar 31, 2025
      • Non-discretionary RAUM · $3.5B to $3.8B
        Jan 17, 2025 to Mar 31, 2025
      • Pension RAUM · $1.1B to $1.1B
        Jan 17, 2025 to Mar 31, 2025
      • Pooled vehicle RAUM · $5.8B to $6.1B
        Jan 17, 2025 to Mar 31, 2025
      • RAUM · $7.8B to $8.1B
        Jan 17, 2025 to Mar 31, 2025
      • Other offices · 3 to 4
        Mar 29, 2024 to Aug 16, 2024
      • Accounts · 68 to 65
        Mar 31, 2023 to Mar 29, 2024
      • Advisory employees · 19 to 21
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 54 to 50
        Mar 31, 2023 to Mar 29, 2024
      • Assets in custody · $3.0B to $5.4B
        Mar 31, 2023 to Mar 29, 2024
      • Employees · 82 to 80
        Mar 31, 2023 to Mar 29, 2024
      • Other offices · 2 to 3
        Mar 31, 2023 to Mar 29, 2024
      • Private funds · 40 to 36
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $4.0B to $4.2B
        Mar 31, 2023 to Mar 29, 2024
      Signals
      17 dated events
      • H• C•••••• P•••••• E••••• L•• reported RAUM $5.4B, down 33% from $8.1B (2025-10-03 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • Roland Du Luart (Chief Executive Officer Of H• C•••••• P•••••• E••••• L••) appeared on Schedule A of H• C•••••• P•••••• E••••• L••
        Aug 16, 2024 · Control person joined · fact
      • P•••••• K••••••• (Global Head Of Operations) appeared on Schedule A of H• C•••••• P•••••• E••••• L••
        Mar 31, 2023 · Control person joined · fact
      • Marc Brugger (Chief Executive Officer/ Chief Financial Officer) appeared on Schedule A of H• C•••••• P•••••• E••••• L••
        Mar 31, 2023 · Control person joined · fact
      • H••••• H••• (Chief Financial Officer/ Chief Operating Officer) no longer on Schedule A of H• C•••••• P•••••• E••••• L•• (listed 2023-01-23, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • B•••• T••• (Chief Executive Officer) no longer on Schedule A of H• C•••••• P•••••• E••••• L•• (listed 2023-01-23, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Inolis Rosario (Managing Director) no longer on Schedule A of H• C•••••• P•••••• E••••• L•• (listed 2022-03-31, absent 2023-01-23)
        Jan 23, 2023 · Control person left · inference
      • Inolis Rosario (Managing Director) appeared on Schedule A of H• C•••••• P•••••• E••••• L••
        Mar 31, 2022 · Control person joined · fact
      • Jay Timmy Avery (Chief Financial Officer/ Chief Operating Officer U.S.) no longer on Schedule A of H• C•••••• P•••••• E••••• L•• (listed 2020-06-02, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Alan Timothy Brody (Managing Director) no longer on Schedule A of H• C•••••• P•••••• E••••• L•• (listed 2019-03-28, absent 2019-07-10)
        Jul 10, 2019 · Control person left · inference
      • Alan Christopher Lawrence (Managing Director) no longer on Schedule A of H• C•••••• P•••••• E••••• L•• (listed 2019-03-28, absent 2019-07-10)
        Jul 10, 2019 · Control person left · inference
      • Thomas Christian Munafo (Managing Director) no longer on Schedule A of H• C•••••• P•••••• E••••• L•• (listed 2019-03-28, absent 2019-07-10)
        Jul 10, 2019 · Control person left · inference
      • Gray Benjamin Wilson (Managing Director) appeared on Schedule A of H• C•••••• P•••••• E••••• L••
        Jul 10, 2019 · Control person joined · fact
      • H••••• H••• (Chief Financial Officer/ Chief Operating Officer (Europe)) appeared on Schedule A of H• C•••••• P•••••• E••••• L••
        Mar 28, 2019 · Control person joined · fact
      • B•••• T••• (Managing Director) appeared on Schedule A of H• C•••••• P•••••• E••••• L••
        Mar 28, 2019 · Control person joined · fact
      • Fritz Georg Wunderlin (Chief Executive Officer) no longer on Schedule A of H• C•••••• P•••••• E••••• L•• (listed 2018-03-29, absent 2019-03-28)
        Mar 28, 2019 · Control person left · inference
      • H••• H•••• D••••••••• (Chief Operating Officer) no longer on Schedule A of H• C•••••• P•••••• E••••• L•• (listed 2018-03-29, absent 2019-03-28)
        Mar 28, 2019 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      hqcapital.com/enreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      786-944-0500reportedpublic 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