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

T•• M••••••••• L•

Asset manager (funds and pooled vehicles)New York, New YorkCRD 138083SEC 801-65631websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Dec 5, 2011 · 38 filings
SEC status approved since Jan 25, 2006
RAUM
$6.7B
reported, Item 5.F
Discretionary
64%
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
102
54 advisory (5.B.1)
Offices
9
beyond the principal office
Private funds
27
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$6.7B as of Mar 31, 2026
Mar 16, 2012$1.9B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 22, 20130 then
Employees (5.A)102 as of Mar 31, 2026
Mar 22, 201375 then
Private funds27 as of Mar 31, 2026
Mar 16, 201212 then
RAUM +3.0% over the last fiscal year+1.8% a year over threeIARs 0 to 0offices 10 to 9
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
$140MderivedRAUM over accounts (5.F.2.f)
Discretionary
64%derivedof RAUM
Institutional
34%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived10 offices incl. principal (1.F.5)
RAUM growth, one year
+3.0%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, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$3.7B, 40 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
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$4.4B65%
  • Sovereign wealth funds$2.3B34%
  • Corporations and businesses$58.6M0.9%
  • Other investment advisers$36.2M0.5%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
48reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$3.7B for 40 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=0.65 institutional_share=0.34 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
      63 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      T•• T•••••••• T••••• L•no longer reportedReal Estate Fund$630M13Mar 30, 2012
      A•••• I••••••••• • R•••••• R•••••••• O••••••••• F••• C••••• M••••• L•Private Equity Fund$603M245Mar 31, 2023
      A•••• I••••••••• • R•••••• R•••••••• O••••••••• F••• C••••• M••••• L•no longer reportedPrivate Equity Fund$554M245Mar 30, 2012
      B•• L•••• C••••• F•••Private Equity Fund$525M50Mar 31, 2023
      T•• T•••••••• T••••• C•••no longer reportedReal Estate Fund$480M2Mar 30, 2016
      T•• L•••• C••••••• O••••••••• M••••• F••• I•• L•••no longer reportedHedge Fund$459M1Mar 13, 2012
      T•• F••••••• F••• 9• L•Real Estate Fund$378M31Mar 30, 2012
      T•• T•••••••• T••••• C••• M•no longer reportedReal Estate Fund$374M2Mar 30, 2016
      S••••• S••••••• A••••••• L•••Hedge Fund$374M4Mar 31, 2015
      T•• B• F•••• L•Real Estate Fund$290M11Mar 31, 2014
      T•• G••••• P••••••••• I•• L•••Private Equity Fund$203M1,243Apr 2, 2012
      T•• E••••••• E••••• P•••••• E••••• F••• S•••Private Equity Fund$193M13Mar 30, 2020
      A•••• I•••• S•••••• F••• C••••• M••••• L•Private Equity Fund$178M31Mar 31, 2023
      T•• Q••••• F••• L•Real Estate Fund$176M2Mar 30, 2012
      T•• F••• L••• O••••••••• F•••• L•Real Estate Fund$166M36Apr 1, 2013
      A•••• I•••• S•••••• F••• C••••• M••••• L•no longer reportedPrivate Equity Fund$161M31Mar 28, 2013
      E•••• F••• V• •••••••• L•••Private Equity Fund$158M28Mar 29, 2024
      T•• L•••• A•••••• P•••••• E••••• F••• I• L•••Private Equity Fund$128M11Mar 13, 2012
      T•• A•••••••• P•••••• E••••• F•••• L•••Private Equity Fund$110M25Mar 30, 2017
      T•• A••••••••• E••••••• M•••••• F•••• L•••Other Private Fund$105M7Mar 30, 2020
      N••••• O•• A••••• P•••••• E••••• F••• 2• L•••Private Equity Fund$94.9M9Mar 29, 2024
      B•••• F••• I• L•Private Equity Fund$90.0M6Mar 30, 2015
      T•• R•••••• G•••• K•••• I• P•••••• E••••• F•••no longer reportedPrivate Equity Fund$87.2M8Mar 30, 2017
      T•• L••• H••••••• F••••••• F•••••• L•Real Estate Fund$84.3M26Mar 30, 2012
      T•• L••• H••••••• F••••••• F•••••• L•Real Estate Fund$83.2M3Mar 30, 2012
      A•••• I••••••••• • R•••••• R•••••••• O••••••••• F••• I• P•• L••Private Equity Fund$78.2M24Mar 30, 2018
      T•• E••••••• H•••••• S••••• E••••• M••••• F•••• L•••Hedge Fund$68.2M11Mar 29, 2018
      T•• A••••• M•••••••• P••••••• 3• •• P•••••••••Private Equity Fund$59.5M12Mar 29, 2024
      T•• P•••••• C••••• L•••• A•••••• S•••Private Equity Fund$56.9M2Mar 29, 2019
      S••• B••••••• E••••••••• L••••••Private Equity Fund$48.2M1Mar 29, 2019
      T•• E••••••• M•••••• L•••• D••• U•••• F•••Other Private Fund$43.5M6Mar 29, 2019
      F•••• D• C•••••• P•••••• T•• F•• L•Private Equity Fund$42.9M3Mar 13, 2012
      T•• S••••• O••••••••• M••••• F•••• L•••no longer reportedHedge Fund$41.6M3Mar 22, 2013
      B••••• C•••••• I••••••••• L•Private Equity Fund$33.4M10Mar 30, 2017
      T••••••••• A•••••••• S••••• O••••••••• M••••• F•••• L•••no longer reportedHedge Fund$31.0M2Mar 30, 2017
      T•• A••••• D••••• I••••••••• P•••••••••Private Equity Fund$24.4M1Mar 29, 2024
      T•••• I• C•••••••• L•••Private Equity Fund$23.0M73Apr 1, 2014
      N•••• T••••••••• L••Private Equity Fund$15.5M5Mar 29, 2024
      Q•• S••••••• T••••• N•• 1• L••••••no longer reportedHedge Fund$14.7M2Mar 31, 2015
      T•• A••• O••••••••• M••••• F•••• L•••no longer reportedHedge Fund$12.9M11Mar 13, 2012
      All funds of T•• M••••••••• L•
      Owners and control persons
      Schedule A and B, latest filing
      • C••••• J••••• M••• · Head Of B••••••• Management, G•••••• Counsel And Member Of The Executive Committee For Trgcontrol
        since 09/2019 · owns less than 5%
      • D• B•••• A•••••••• C••••••••• · Partner Of T•• M••••••••• P••••••••• L•control
        since 04/2023 · owns less than 5%
      • G••••••••• M•••••• A•••• · Member Of Each The Board Of Partners And The Executive Committee For Trgcontrol
        since 07/2004 · owns less than 5%
      • H••••••••• P•••• · Partner Of T•• M••••••••• P••••••••• L•control
        since 04/2023 · owns less than 5%
      • K•••• V•••••••• N•• · Chief Risk Officer And Member Of The Executive Committee For Trgcontrol
        since 04/2010 · owns less than 5%
      • M••••••••• S•••••• J•••• · Partner Of T•• M••••••••• P••••••••• L• And Head Of A•••••control
        since 04/2023 · owns less than 5%
      • R••••••• N••••••• S••••• · Ceo & Cio, Member Of The Board Of Trg, Trg Venture Capital Gp Entities, Trg Allocation, Trg I•••• And Trg S••••••••control
        since 02/2003 · owns less than 5%
      • S••••••••• B••••••• S••••••• · Member Of The Board Of Partners Of Trg And Member Of The Executive Committee For Trgcontrol
        since 08/2006 · owns less than 5%
      • R••••••• N••••••• S••••• · Managing Membercontrol
        since 12/2001 · owns 75% or more of T•• M••••••••• P••••••••• L•
      • R••••••• N••••••• S••••• · Managing Membercontrol
        since 12/2001 · owns 75% or more of R•••••• M••••••••• I••••••••• L••
      • C••••• R•••••• · Partner Of T•• M••••••••• P••••••••• L•
        since 10/2017 · owns less than 5%
      • C•••••••• M••••••• S•••••• D••••• · Member Of The Executive Committee For Trg And Head Of Trg Boston Office
        since 09/2018 · owns less than 5%
      • C••••• C••••• D•••••• · Partner Of T•• M••••••••• P••••••••• L•
        since 11/2021 · owns less than 5%
      • C••••••• C••••• P•••••• · Member Of The Board Of Partners Of Trg
        since 01/2008 · owns less than 5%
      • C••••••••• C••••••••• A••• · Board Member For Each Of The Trg Venture Capital G•••••• Partner Entities
        since 09/2018 · owns less than 5%
      • D• A•••••• M••••••• V•••••• · Partner Of T•• M••••••••• P••••••••• L•
        since 01/2024 · owns less than 5%
      • H•••••• P•••• A•••••• · Chief Compliance Officer
        since 09/2019 · owns less than 5%
      • J••••• I••• G••••• · Partner Of T•• M••••••••• P••••••••• L• And Head Of Trg New Z•••••• Office
        since 12/2017 · owns less than 5%
      • K••••••••• E••• · Partner Of T•• M••••••••• P••••••••• L•
        since 11/2021 · owns less than 5%
      • M•••••••• J•••••••• E••••• R••••• · Partner Of T•• M••••••••• P••••••••• L•
        since 04/2023 · owns less than 5%
      • R••••••••• M••••••• H•••• · Board Member For Each Of The Trg Venture Capital G•••••• Partner Entities
        since 02/2005 · owns less than 5%
      • R•••••••• M•••••• · Board Member For Each Of The Trg Venture Capital G•••••• Partner Entities
        since 12/2017 · owns less than 5%
      • S••••••••• C••••••••• N•• · Member Of The Board Of Partners Of Trg
        since 01/2010 · owns less than 5%
      Entity owners
      • T•• M••••••••• P••••••••• L• · G•••••• Partner Of T•• M••••••••• L• ("Trg")
        direct · owns 75% or more
      • R•••••• M••••••••• I••••••••• L•• · Managing Member
        indirect · owns 25% to 50% of T•• M••••••••• P••••••••• L•
      • A• N•••• A••••••• I••• · L•••••• Partner
        direct · owns 5% to 10%
      • B•••••• B••• P••••• C•••••• L•••••• · L•••••• Partner
        direct · owns 5% to 10%
      • A•••• C••••••••• · Shareholder
        indirect · owns 75% or more of A• N•••• A••••••• I•••
      Related persons
      Schedule D 7.A
      • B••• I• J•• G• L••••••
        pooled vehicle sponsory
      • B•••• A••••••••• S• D• R••• D• C•••
        investment advisery
      • B•••• F••• I• G•• L•••
        pooled vehicle sponsory
      • B••••• C•••••• L•••
        pooled vehicle sponsory
      • C•••••• A••••••• P••••••• A••• P•• L••
        investment adviserpooled vehicle sponsory
      • Q••••• G•••••• P••••••• L••
        pooled vehicle sponsory
      • S••••••• T••••• P•• L••••••
        pooled vehicle sponsory
      • T•• A••••••• I•••• P•••••• L••••••
        investment advisery
      • T•• A•••••••• P•••••• E••••• F••• G•• L•••
        pooled vehicle sponsory
      • T•• A••••••••• I••••••••• G• P•••••••••
        pooled vehicle sponsory
      • T•• A••••••••• I••••••••• G• S• P••••••••• L••••••
        pooled vehicle sponsory
      • T•• B••••• S••••••• E• P••••••••• L••••
        investment advisery
      • T•• B• G•• L••
        pooled vehicle sponsory
      • T•• C•••• E••••• G•• L••
        pooled vehicle sponsory
      • T•• D••••• I••••••••• G• P••••••••• L••••••
        pooled vehicle sponsory
      • T•• E•• G• S•••
        pooled vehicle sponsory
      • T•• F•• F••• G•• L••
        pooled vehicle sponsory
      • T•• F••••••• F••• 9• M••••••• L••
        pooled vehicle sponsory
      • T•• F••• V•• G• ••• P••••••••• L••••••
        pooled vehicle sponsory
      • T•• F••• V•• G• ••• P••••••••• L••••••
        pooled vehicle sponsory
      • T•• F••• V•• G• P••••••••• S• L•
        pooled vehicle sponsory
      • T•• F••• V•• G• P••••••••• S• L•
        pooled vehicle sponsory
      • T•• L•••• A•••••• F••• I• G•• L•••
        pooled vehicle sponsory
      • T•• L••• H••••••• M••••••• L••
        pooled vehicle sponsory
      • T•• M••••••••• A•••••••• S••
        investment advisery
      • T•• M••••••••• P••• S••
        investment advisery
      • T•• M••••••••• S•••••••• P••• L•••
        investment advisery
      • T•• M••••••••• U• L••
        investment advisery
      • T•• M••••••••• U•••••• S••
        investment advisery
      • T•• R•••••••• R•••••••• N•• Z••••••
        investment advisery
      Offices
      Schedule D 1.F, the 25 largest
      • Johannesburg, South Africa16 employees
      • Boston, MA7 employees
      • Buenos Aires, Argentina6 employees
      • London, United Kingdom6 employees
      • Rotorua, New Zealand6 employees
      • Mumbai, India5 employees
      • S••••••••, Singapore2 employees
      • Montevideo, Uruguay2 employees
      • Lima, Peru1 employees
      • Sao P•••O, Brazil1 employees
      • Gurgaon, India1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • high institutional concentrationStatic outlier · filing Mar 31, 2026
        institutional share of RAUM of 34% against a peer median of 0% (684 comparable advisers, 98.0th percentile, 11.4 robust deviations)
        peers: ASSET_M••••••, $5B to $20B (684) · 98% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 46 to 48
        Nov 5, 2025 to Mar 31, 2026
      • Advisory employees · 74 to 54
        Nov 5, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 46 to 43
        Nov 5, 2025 to Mar 31, 2026
      • Assets in custody · $2.6B to $3.7B
        Nov 5, 2025 to Mar 31, 2026
      • Employees · 143 to 102
        Nov 5, 2025 to Mar 31, 2026
      • Private funds · 31 to 27
        Nov 5, 2025 to Mar 31, 2026
      • Discretionary RAUM · $5.0B to $4.3B
        Nov 5, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $1.5B to $2.4B
        Nov 5, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $4.2B to $4.4B
        Nov 5, 2025 to Mar 31, 2026
      • RAUM · $6.5B to $6.7B
        Nov 5, 2025 to Mar 31, 2026
      • Financial planning clients · 0 to 0
        Mar 31, 2025 to Nov 5, 2025
      • Other offices · 10 to 9
        Mar 31, 2025 to Nov 5, 2025
      • Private funds · 33 to 31
        Mar 31, 2025 to Nov 5, 2025
      • Accounts · 38 to 46
        Apr 29, 2024 to Mar 31, 2025
      • Advisory employees · 82 to 74
        Apr 29, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 57 to 46
        Apr 29, 2024 to Mar 31, 2025
      • Assets in custody · $4.7B to $2.6B
        Apr 29, 2024 to Mar 31, 2025
      • Employees · 160 to 143
        Apr 29, 2024 to Mar 31, 2025
      • Other offices · 11 to 10
        Apr 29, 2024 to Mar 31, 2025
      • Private funds · 31 to 33
        Apr 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $6.5B to $5.0B
        Apr 29, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $1.9B to $1.5B
        Apr 29, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $5.2B to $4.2B
        Apr 29, 2024 to Mar 31, 2025
      • RAUM · $8.5B to $6.5B
        Apr 29, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 60 to 57
        Apr 23, 2024 to Apr 29, 2024
      • Private funds · 34 to 31
        Apr 23, 2024 to Apr 29, 2024
      • Pooled vehicle clients · 63 to 60
        Mar 29, 2024 to Apr 23, 2024
      • Private funds · 37 to 34
        Mar 29, 2024 to Apr 23, 2024
      • Accounts · 70 to 38
        Mar 31, 2023 to Mar 29, 2024
      • Advisory employees · 62 to 82
        Mar 31, 2023 to Mar 29, 2024
      • Employees · 118 to 160
        Mar 31, 2023 to Mar 29, 2024
      • Other offices · 10 to 11
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $5.5B to $6.5B
        Mar 31, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $842M to $1.9B
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $4.7B to $5.2B
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $6.4B to $8.5B
        Mar 31, 2023 to Mar 29, 2024
      • Accounts · 66 to 70
        Nov 4, 2022 to Mar 31, 2023
      • Advisory employees · 45 to 62
        Nov 4, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 62 to 63
        Nov 4, 2022 to Mar 31, 2023
      • Employees · 97 to 118
        Nov 4, 2022 to Mar 31, 2023
      Signals
      6 dated events
      • T•• M••••••••• L• reported RAUM $8.5B, up 33% from $6.4B (2023-03-31 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • James Stuart Mackenzie (Partner Of T•• M••••••••• P••••••••• L• And Head Of Africa) appeared on Schedule A of T•• M••••••••• L•
        Mar 29, 2024 · Control person joined · fact
      • Christoffel Anthonie De Beer (Partner Of T•• M••••••••• P••••••••• L•) appeared on Schedule A of T•• M••••••••• L•
        Mar 29, 2024 · Control person joined · fact
      • Peter Hayward-Butt (Partner Of T•• M••••••••• P••••••••• L•) appeared on Schedule A of T•• M••••••••• L•
        Mar 29, 2024 · Control person joined · fact
      • Wee Seck Vincent Low (Member Of The Executive Committee For Trg) no longer on Schedule A of T•• M••••••••• L• (listed 2020-03-30, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Edward Lee Bocker (Chief Operating Officer, Member Of The Executive Committee For Trg And Board Member For Trg India) no longer on Schedule A of T•• M••••••••• L• (listed 2019-03-29, absent 2019-10-02)
        Oct 2, 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
      Firm profile
      H•••S://WWW.LINKEDIN.COM/COMPANY/THE-R••••••-GROUPreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      212-984-2900reportedpublic 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
      Across the graphs

      T•• M••••••••• L• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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