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

Excellere Partners

Asset manager (funds and pooled vehicles)Denver, ColoradoCRD 142904SEC 801-67454websiteIAPD
Legal name Excellere Capital Management LLC
Latest filing Sep 11, 2026
First filing on the tape Mar 29, 2012 · 24 filings
SEC status approved since Jan 18, 2007
RAUM
$2.3B
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
26
22 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$2.3B as of Mar 30, 2026
Mar 29, 2012$674M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 25, 20130 then
Employees (5.A)26 as of Mar 30, 2026
Mar 25, 201313 then
Private funds5 as of Mar 30, 2026
Mar 29, 20122 then
RAUM +0.8% over the last fiscal year+3.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Sep 11, 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
$451MderivedRAUM 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
+0.8%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-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 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)
  • 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$2.3B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 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=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
      6 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Excellere Capital Fund IV, L.P.Private Equity Fund$930M47Mar 30, 2022
      Excellere Capital Fund III, L.P.Private Equity Fund$845M39Mar 28, 2016
      Excellere Capital Fund II, L.P.Private Equity Fund$240M30Mar 29, 2012
      Excellere Cdl Co-Invest, L.P.Private Equity Fund$83.0M15Mar 30, 2022
      Excellere Capital Fund, LPno longer reportedPrivate Equity Fund$29.7M24Mar 29, 2012
      Excellere Sca Co-Invest, L.P.Private Equity Fund$8.3M2Mar 30, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • Joseph Bradford Cornell · Managing Membercontrol
        since 01/2020 · owns 25% to 50%
      • David Donald Michael Geldart · Chief Compliance Officer And Partnercontrol
        since 03/2016 · owns less than 5%
      • Ryan Christopher Glaws · Managing Membercontrol
        since 01/2020 · owns 25% to 50%
      • Charles Matthew Hicks · Managing Membercontrol
        since 01/2020 · owns 25% to 50%
      • Patrick O'Keefe · Managing Membercontrol
        since 01/2020 · owns 25% to 50%
      • Edward Mark Sparrow · Vp Of Financecontrol
        since 05/2024 · owns less than 5%
      Related persons
      Schedule D 7.A
      • Excellere Partners II LLC
        pooled vehicle sponsorn
      • Excellere Partners III LLC
        pooled vehicle sponsorn
      • Excellere Partners IV LLC
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Financial planning clients · to unset
        Mar 30, 2026 to Sep 11, 2026
      • Private funds · 5 to unset
        Mar 30, 2026 to Sep 11, 2026
      • Succession · false to unset
        Mar 30, 2026 to Sep 11, 2026
      • Advisory employees · 21 to 22
        Mar 28, 2025 to Mar 30, 2026
      • Employees · 25 to 26
        Mar 28, 2025 to Mar 30, 2026
      • Financial planning clients · 0 to
        Mar 28, 2025 to Mar 30, 2026
      • Discretionary RAUM · $2.2B to $2.3B
        Mar 28, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $2.2B to $2.3B
        Mar 28, 2025 to Mar 30, 2026
      • RAUM · $2.2B to $2.3B
        Mar 28, 2025 to Mar 30, 2026
      • Financial planning clients · 0 to 0
        Aug 27, 2024 to Mar 28, 2025
      • Discretionary RAUM · $2.1B to $2.2B
        Aug 27, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $2.1B to $2.2B
        Aug 27, 2024 to Mar 28, 2025
      • RAUM · $2.1B to $2.2B
        Aug 27, 2024 to Mar 28, 2025
      • Advisory employees · 18 to 21
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 21 to 25
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $2.0B to $2.1B
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $2.0B to $2.1B
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $2.0B to $2.1B
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $2.3B to $2.0B
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $2.3B to $2.0B
        Mar 30, 2022 to Mar 31, 2023
      • RAUM · $2.3B to $2.0B
        Mar 30, 2022 to Mar 31, 2023
      • Accounts · 2 to 5
        Mar 30, 2021 to Mar 30, 2022
      • Advisory employees · 15 to 18
        Mar 30, 2021 to Mar 30, 2022
      • Pooled vehicle clients · 2 to 5
        Mar 30, 2021 to Mar 30, 2022
      • Employees · 17 to 21
        Mar 30, 2021 to Mar 30, 2022
      • Financial planning clients · 1-10 to 0
        Mar 30, 2021 to Mar 30, 2022
      • Private funds · 2 to 5
        Mar 30, 2021 to Mar 30, 2022
      • Discretionary RAUM · $1.1B to $2.3B
        Mar 30, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $1.1B to $2.3B
        Mar 30, 2021 to Mar 30, 2022
      • RAUM · $1.1B to $2.3B
        Mar 30, 2021 to Mar 30, 2022
      • Discretionary RAUM · $961M to $1.1B
        Mar 23, 2020 to Mar 30, 2021
      • Pooled vehicle RAUM · $961M to $1.1B
        Mar 23, 2020 to Mar 30, 2021
      • RAUM · $961M to $1.1B
        Mar 23, 2020 to Mar 30, 2021
      • Accounts · 3 to 2
        Feb 20, 2020 to Mar 23, 2020
      • Advisory employees · 17 to 15
        Feb 20, 2020 to Mar 23, 2020
      • Pooled vehicle clients · 3 to 2
        Feb 20, 2020 to Mar 23, 2020
      • Employees · 18 to 17
        Feb 20, 2020 to Mar 23, 2020
      • Private funds · 3 to 2
        Feb 20, 2020 to Mar 23, 2020
      • Discretionary RAUM · $1.1B to $961M
        Feb 20, 2020 to Mar 23, 2020
      • Pooled vehicle RAUM · $1.1B to $961M
        Feb 20, 2020 to Mar 23, 2020
      Signals
      5 dated events
      • Cheryl Jacqueline Vedra (Chief Financial Officer) no longer on Schedule A of Excellere Partners (listed 2024-03-28, absent 2024-08-27)
        Aug 27, 2024 · Control person left · inference
      • Edward Mark Sparrow (Vp Of Finance) appeared on Schedule A of Excellere Partners
        Aug 27, 2024 · Control person joined · fact
      • Excellere Partners reported RAUM $2.3B, up 102% from $1.1B (2021-03-30 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • Cheryl Jacqueline Vedra (Chief Financial Officer) appeared on Schedule A of Excellere Partners
        Mar 30, 2022 · Control person joined · fact
      • Lawrence David Kessenich (Managing Member Of Excellere Capital Management) no longer on Schedule A of Excellere Partners (listed 2019-03-25, absent 2020-02-20)
        Feb 20, 2020 · 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
      linkedin.com/company/excellere-partnersreportedpublic record, Form ADV, Sep 17, 2026
      Website
      EXCELLERE.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      303-765-2400reportedpublic record, Form ADV, Sep 11, 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