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

P••••••• C••••••• L••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 134484SEC 801-65488websiteIAPD
Latest filing Apr 30, 2026
First filing on the tape Mar 30, 2012 · 39 filings
SEC status approved since Jan 23, 2006
RAUM
$532M
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
14
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
14
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$532M as of Apr 30, 2026
Mar 30, 2012$5.5B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 30, 2026
Mar 25, 20130 then
Employees (5.A)14 as of Apr 30, 2026
Mar 25, 201374 then
Private funds14 as of Apr 30, 2026
Mar 30, 201212 then
RAUM +54% over the last fiscal year+21% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 30, 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
$31.3MderivedRAUM 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
+54%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
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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$532M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
17reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 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
      32 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P••••••• G••••• M••••• F••• S•• L•• F•• A•• O• B••••• O• P•••••••• A• • G••••• S•••••••no longer reportedHedge Fund$2.0B261Mar 30, 2012
      P••••••• M• M••••• F•••• L•no longer reportedHedge Fund$1.1B23Mar 30, 2012
      P••••••• G••••• L••• S•••• F••• L•no longer reportedHedge Fund$816M45Mar 30, 2012
      P••••••• L••• S•••• M••••• F••• S••• L••• F•• A•• O• B••••• O• P•••••••• A•no longer reportedHedge Fund$242M32Jan 15, 2013
      N••••• P••••••• F••• I• L•Private Equity Fund$162M90Mar 9, 2020
      P••••••• L••• S•••• M••••• F••• S••• L••• F•• A•• O• B••••• O• P•••••••• B•no longer reportedHedge Fund$154M27Jan 15, 2013
      P••••••• L••• S•••• M••••• F••• S••• L••• F•• A•• O• B••••• O• P•••••••• C•no longer reportedHedge Fund$86.9M2Mar 31, 2017
      P••••••• V•••••••• L••no longer reportedPrivate Equity Fund$68.6M23Mar 30, 2012
      N••••• P••••••• F••• I•• L•Private Equity Fund$68.0M73Mar 30, 2022
      P••••••• P••••••• M••••• F••• S•• • P•••••••• A•no longer reportedPrivate Equity Fund$31.9M32Mar 31, 2014
      P••••••• P••••••• M••••• F••• S•• • P•••••••• B•no longer reportedPrivate Equity Fund$21.1M44Aug 21, 2014
      P••••••• I•• L•no longer reportedHedge Fund$20.9M34Mar 30, 2018
      N••••• P••••••• O••••••••• L••• • S••••• 2•no longer reportedPrivate Equity Fund$20.1M1Mar 31, 2021
      N••••• P••••••• O••••••••• L••• • S••••• 1•no longer reportedPrivate Equity Fund$19.5M24Mar 31, 2021
      P••••••• G••••• M••••• F••• S•• L•• F•• A•• O• B••••• O• P•••••••• F• • M••• S•••••••no longer reportedHedge Fund$19.4M6Jan 15, 2013
      P••••••• G••••• M••••• F••• S•• L•• F•• A•• O• B••••• O• P•••••••• J•no longer reportedHedge Fund$17.4M22Aug 28, 2017
      N••••• P••••••• O••••••••• L••• • S••••• 5•Private Equity Fund$12.1M23Mar 30, 2023
      N••••• P••••••• O••••••••• L••• • S••••• 4•Private Equity Fund$11.8M36Mar 31, 2021
      S•••• R••• A••••• F••• L•Private Equity Fund$10.0M3Mar 30, 2018
      N••••• P••••••• O••••••••• L••• • L• S•••••no longer reportedPrivate Equity Fund$7.7M19Mar 31, 2021
      P••••••• D•••••• N••••••• L•••Private Equity Fund$7.3M36Mar 30, 2018
      P••••••• M•••••••• M••••• F••• I•• L•no longer reportedHedge Fund$6.1M10Mar 30, 2012
      P••••••• T•••••• L•• S••••• S•••• C•••• R•no longer reportedHedge Fund$5.8M5Mar 29, 2019
      N••••• P••••••• O••••••••• L••• • S••••• 6•Private Equity Fund$5.7M13Mar 30, 2022
      P••••••• S•••••• O••••••••• M••••• F••• L•no longer reportedHedge Fund$3.7M129Mar 30, 2012
      P••••••• M•••••••• M••••• F•••• L•no longer reportedHedge Fund$1.8M138Mar 30, 2012
      P••••••• E••••• F••• L•no longer reportedHedge Fund$1.7M20Feb 28, 2014
      P••••••• G••••• S••••••••• I•• L••no longer reportedHedge Fund$1.1M286Mar 30, 2012
      P••••••• G••••• S••••••••• I••• L••no longer reportedHedge Fund$798,083207Mar 30, 2012
      P••••••• E••••• M••••• F••• S•• L•• F•• A•• O• B••••• O• P•••••••• A• • E••••• S•••••••no longer reportedHedge Fund$00Mar 30, 2012
      P••••••• I•••• I••••••••• ••••••••• L••no longer reportedHedge Fund$01Mar 30, 2012
      P••••••• E••••• M••••• F••• S•• L•• F•• A•• O• B••••• O• P•••••••• B• • R•••••••• E•••••no longer reportedHedge Fund$00Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• J•••• H••••• · Managing Member And Chief Investment Officercontrol
        since 05/2000 · owns 75% or more
      • K••• J••••• S• W•• · General Counsel And Chief Compliance Officercontrol
        since 01/2017 · owns less than 5%
      • M••••• E••••••••• A•• · Chief Financial Officercontrol
        since 12/2011 · owns less than 5%
      • P••••• J•••••• L••••• · Chief Operating Officercontrol
        since 07/2004 · owns less than 5%
      Related persons
      Schedule D 7.A
      • N••••• P••••••• G• I•• L••
        pooled vehicle sponsorn
      • N••••• P••••••• G•• L••
        pooled vehicle sponsorn
      • P••••••• H•••••••• L••
        pooled vehicle sponsorn
      • P••••••• V••••••• I•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 14 to 17
        Jun 27, 2025 to Apr 30, 2026
      • Pooled vehicle clients · 14 to 17
        Jun 27, 2025 to Apr 30, 2026
      • Employees · 10 to 14
        Jun 27, 2025 to Apr 30, 2026
      • Private funds · 11 to 14
        Jun 27, 2025 to Apr 30, 2026
      • Discretionary RAUM · $346M to $532M
        Jun 27, 2025 to Apr 30, 2026
      • Pooled vehicle RAUM · $346M to $532M
        Jun 27, 2025 to Apr 30, 2026
      • RAUM · $346M to $532M
        Jun 27, 2025 to Apr 30, 2026
      • Financial planning clients · 0 to 0
        Apr 29, 2025 to Jun 27, 2025
      • Accounts · 9 to 14
        Jun 28, 2024 to Apr 29, 2025
      • Pooled vehicle clients · 9 to 14
        Jun 28, 2024 to Apr 29, 2025
      • Employees · 12 to 10
        Jun 28, 2024 to Apr 29, 2025
      • Private funds · 7 to 11
        Jun 28, 2024 to Apr 29, 2025
      • Discretionary RAUM · $277M to $346M
        Jun 28, 2024 to Apr 29, 2025
      • Pooled vehicle RAUM · $277M to $346M
        Jun 28, 2024 to Apr 29, 2025
      • RAUM · $277M to $346M
        Jun 28, 2024 to Apr 29, 2025
      • Advisory employees · 4 to 5
        Sep 5, 2023 to Mar 29, 2024
      • Employees · 14 to 12
        Sep 5, 2023 to Mar 29, 2024
      • Discretionary RAUM · $299M to $277M
        Sep 5, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $299M to $277M
        Sep 5, 2023 to Mar 29, 2024
      • RAUM · $299M to $277M
        Sep 5, 2023 to Mar 29, 2024
      • Accounts · 8 to 9
        May 4, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 8 to 9
        May 4, 2022 to Mar 30, 2023
      • Employees · 15 to 14
        May 4, 2022 to Mar 30, 2023
      • Private funds · 6 to 7
        May 4, 2022 to Mar 30, 2023
      • Discretionary RAUM · $352M to $299M
        May 4, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $352M to $299M
        May 4, 2022 to Mar 30, 2023
      • RAUM · $352M to $299M
        May 4, 2022 to Mar 30, 2023
      • Accounts · 12 to 8
        Apr 26, 2021 to Mar 30, 2022
      • Pooled vehicle clients · 12 to 8
        Apr 26, 2021 to Mar 30, 2022
      • Employees · 11 to 15
        Apr 26, 2021 to Mar 30, 2022
      • Financial planning clients · unset to 0
        Apr 26, 2021 to Mar 30, 2022
      • Private funds · 9 to 6
        Apr 26, 2021 to Mar 30, 2022
      • Discretionary RAUM · $309M to $352M
        Apr 26, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $309M to $352M
        Apr 26, 2021 to Mar 30, 2022
      • RAUM · $309M to $352M
        Apr 26, 2021 to Mar 30, 2022
      • Accounts · 7 to 12
        Mar 30, 2020 to Mar 31, 2021
      • Advisory employees · 5 to 4
        Mar 30, 2020 to Mar 31, 2021
      • BD registered reps · 1 to 0
        Mar 30, 2020 to Mar 31, 2021
      • Pooled vehicle clients · 7 to 12
        Mar 30, 2020 to Mar 31, 2021
      • Assets in custody · 172271019.0 to unset
        Mar 30, 2020 to Mar 31, 2021
      Signals
      5 dated events
      • P••••••• C••••••• L•• reported RAUM $532.4M, up 54% from $346.0M (2025-06-27 to 2026-04-30)
        Apr 30, 2026 · RAUM change · derived
      • P••••••• C••••••• L•• reported RAUM $309.1M, up 79% from $172.3M (2020-03-30 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • P••••••• C••••••• L•• reported RAUM $172.3M, down 39% from $283.4M (2019-09-16 to 2020-02-19)
        Feb 19, 2020 · RAUM change · derived
      • P••••••• C••••••• L•• reported RAUM $283.4M, down 47% from $535.0M (2018-03-30 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • P••••••• C••••••• L•• reported RAUM $535.0M, down 88% from $4.3B (2017-08-28 to 2018-03-30)
        Mar 30, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      p•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-321-4600reportedpublic record, Form ADV, Apr 30, 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