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•• H••••• S•••••••• L•

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 146747SEC 801-69012websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 47 filings
SEC status approved since Apr 10, 2008
RAUM
$1.3B
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
17
7 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
4
reported on Schedule D
History
47 filings and snapshots on the tape
RAUM$1.3B as of Mar 31, 2026
Mar 30, 2012$6.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 30, 20120 then
Employees (5.A)17 as of Mar 31, 2026
Apr 1, 201358 then
Private funds4 as of Mar 31, 2026
Mar 30, 201218 then
RAUM -38% over the last fiscal year-27% a year over threeIARs 0 to 0offices 1 to 2
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
$181MderivedRAUM 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
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-38%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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.3B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7reported
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=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
      35 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P•• H••••••••• M••••• F•••• L•••Hedge Fund$2.2B425Apr 1, 2013
      P•• T••••••• G••••• M••••• F•••• L•••no longer reportedHedge Fund$2.2B88Apr 1, 2013
      1••no longer reportedHedge Fund$1.6B137Mar 30, 2012
      1••no longer reportedHedge Fund$842M65Mar 30, 2012
      2••no longer reportedHedge Fund$795M54Mar 30, 2012
      P•• H••••••••• E••••••• G••••• M••••• F•••• L•••no longer reportedHedge Fund$764M143Jul 7, 2015
      1••no longer reportedHedge Fund$733M15Mar 30, 2012
      3••no longer reportedHedge Fund$533M35Mar 30, 2012
      3••no longer reportedHedge Fund$452M40Mar 30, 2012
      1••no longer reportedHedge Fund$437M10Mar 30, 2012
      2••no longer reportedHedge Fund$406M43Mar 30, 2012
      P•• T••••••• G••••• I••••••••• M••••• F•••• L•••no longer reportedHedge Fund$401M4Mar 30, 2017
      P•• H••••••••• O••••••••• M••••• F•••• L•••no longer reportedHedge Fund$318M51Nov 28, 2014
      4••no longer reportedHedge Fund$259M1Mar 30, 2012
      P•• D••••••••• E••••• F•••• L•••no longer reportedHedge Fund$227M2Mar 30, 2012
      P•• T••••••••• M••••• F•••• L•••no longer reportedHedge Fund$220M51Nov 28, 2014
      5••no longer reportedHedge Fund$213M1Mar 30, 2012
      P•• T••••••••• P•••••••• M••••• F•••• L•••no longer reportedHedge Fund$161M9Sep 20, 2017
      5••no longer reportedHedge Fund$159M5Mar 30, 2012
      P•• B•••••• O••••••••• L•Private Equity Fund$109M73Mar 1, 2023
      4••no longer reportedHedge Fund$90.9M15Mar 30, 2012
      P•• T••••••• G••••• P••••••••• F•••• L•••no longer reportedHedge Fund$67.5M39Mar 30, 2012
      P•• H••••••••• G••••• E••••• F••• I• L•Private Equity Fund$56.4M46Sep 14, 2021
      2••no longer reportedHedge Fund$45.2M29Mar 30, 2012
      3••no longer reportedHedge Fund$31.8M5Feb 28, 2014
      4••no longer reportedHedge Fund$30.9M12Mar 30, 2012
      P•••••• I••••••••• L•••Hedge Fund$24.2M70Feb 28, 2014
      P•• M•••• D••••••••• M••••• F•••• L•••no longer reportedHedge Fund$15.6M4Feb 21, 2019
      P•• G••••• L••• A•••• I••••••••• M••••• F•••• L•••no longer reportedHedge Fund$15.5M1Mar 29, 2018
      4••no longer reportedHedge Fund$15.0M22Mar 30, 2012
      P•• G••••• L••• A•••• M••••• F•••• L•••no longer reportedHedge Fund$14.5M9Nov 28, 2014
      P•• H••••••••• L••• M••••• F•••• L•••no longer reportedHedge Fund$4.5M10Aug 29, 2017
      P•• S•••••••• L•Private Equity Fund$3.7M10Feb 22, 2022
      P•• M•••• L•Private Equity Fund$3.7M10Mar 1, 2023
      P•• L••••••••• S••••••••• F•••• L•••Hedge Fund$467,42636Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • A••••• J•••••••• J••• · Chief Financial Officercontrol
        since 06/2023 · owns less than 5%
      • G•••••••• B••••• D•••• · Limited Partner, Portfolio Managercontrol
        since 02/2008 · owns 75% or more
      • M•••••• D•••••• W•••••• · Chief Compliance Officercontrol
        since 05/2023 · owns less than 5%
      • G•••••••• B••••• D•••• · Managing Membercontrol
        since 10/2020 · owns 75% or more of P•• H••••• S••••••• G• L••
      Entity owners
      • P•• H••••• S••••••• G• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • P•••••• A•••• M••••••••• L••
        bankpooled vehicle sponsorn
      • P•• H••••••••• G••••• E••••• I• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $2,048,992,081 to $1,266,793,646 (-38.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +11.0% (1368 comparable advisers, 2.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,368) · 1.8% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 8 to 7
        Jan 9, 2026 to Mar 31, 2026
      • Advisory employees · 8 to 7
        Jan 9, 2026 to Mar 31, 2026
      • Pooled vehicle clients · 8 to 7
        Jan 9, 2026 to Mar 31, 2026
      • Employees · 18 to 17
        Jan 9, 2026 to Mar 31, 2026
      • Other offices · 1 to 2
        Jan 9, 2026 to Mar 31, 2026
      • Private funds · 6 to 4
        Jan 9, 2026 to Mar 31, 2026
      • Discretionary RAUM · $2.0B to $1.3B
        Jan 9, 2026 to Mar 31, 2026
      • Pooled vehicle RAUM · $2.0B to $1.3B
        Jan 9, 2026 to Mar 31, 2026
      • RAUM · $2.0B to $1.3B
        Jan 9, 2026 to Mar 31, 2026
      • Financial planning clients · 0 to 0
        Mar 31, 2025 to Aug 27, 2025
      • Advisory employees · 10 to 8
        Jun 24, 2024 to Mar 31, 2025
      • Employees · 20 to 18
        Jun 24, 2024 to Mar 31, 2025
      • Discretionary RAUM · $2.4B to $2.0B
        Jun 24, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $2.4B to $2.0B
        Jun 24, 2024 to Mar 31, 2025
      • RAUM · $2.4B to $2.0B
        Jun 24, 2024 to Mar 31, 2025
      • Advisory employees · 9 to 10
        Sep 6, 2023 to Mar 30, 2024
      • Assets in custody · 3267306225.0 to unset
        Sep 6, 2023 to Mar 30, 2024
      • Custody of client assets · true to false
        Sep 6, 2023 to Mar 30, 2024
      • Employees · 23 to 20
        Sep 6, 2023 to Mar 30, 2024
      • Discretionary RAUM · $3.3B to $2.4B
        Sep 6, 2023 to Mar 30, 2024
      • Pooled vehicle RAUM · $3.3B to $2.4B
        Sep 6, 2023 to Mar 30, 2024
      • RAUM · $3.3B to $2.4B
        Sep 6, 2023 to Mar 30, 2024
      • Pooled vehicle clients · 9 to 8
        Aug 29, 2023 to Sep 6, 2023
      • Accounts · 9 to 8
        Jun 30, 2023 to Aug 29, 2023
      • Private funds · 7 to 6
        Jun 30, 2023 to Aug 29, 2023
      • Accounts · 7 to 9
        Mar 1, 2023 to Mar 31, 2023
      • Advisory employees · 10 to 9
        Mar 1, 2023 to Mar 31, 2023
      • Pooled vehicle clients · 7 to 9
        Mar 1, 2023 to Mar 31, 2023
      • Assets in custody · $3.8B to $3.3B
        Mar 1, 2023 to Mar 31, 2023
      • Employees · 24 to 23
        Mar 1, 2023 to Mar 31, 2023
      • Financial planning clients · unset to 0
        Mar 1, 2023 to Mar 31, 2023
      • Discretionary RAUM · $3.8B to $3.3B
        Mar 1, 2023 to Mar 31, 2023
      • Pooled vehicle RAUM · $3.8B to $3.3B
        Mar 1, 2023 to Mar 31, 2023
      • RAUM · $3.8B to $3.3B
        Mar 1, 2023 to Mar 31, 2023
      • Private funds · 5 to 7
        Mar 31, 2022 to Mar 1, 2023
      • Accounts · 5 to 7
        Feb 22, 2022 to Mar 31, 2022
      • Advisory employees · 11 to 10
        Feb 22, 2022 to Mar 31, 2022
      • Pooled vehicle clients · 5 to 7
        Feb 22, 2022 to Mar 31, 2022
      • Assets in custody · $3.0B to $3.8B
        Feb 22, 2022 to Mar 31, 2022
      • Employees · 23 to 24
        Feb 22, 2022 to Mar 31, 2022
      Signals
      11 dated events
      • P•• H••••• S•••••••• L• reported RAUM $1.3B, down 38% from $2.0B (2026-01-09 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • P•• H••••• S•••••••• L• reported RAUM $2.4B, down 26% from $3.3B (2023-09-06 to 2024-03-30)
        Mar 30, 2024 · RAUM change · derived
      • Scott Darin Sadow (Limited Partner, General Counsel, Cco) no longer on Schedule A of P•• H••••• S•••••••• L• (listed 2023-03-31, absent 2023-06-30)
        Jun 30, 2023 · Control person left · inference
      • Shi Yuan Dubord (Limited Partner, Cfo) no longer on Schedule A of P•• H••••• S•••••••• L• (listed 2023-03-31, absent 2023-06-30)
        Jun 30, 2023 · Control person left · inference
      • William Darren Mooney (Chief Compliance Officer) appeared on Schedule A of P•• H••••• S•••••••• L•
        Jun 30, 2023 · Control person joined · fact
      • Jude Jonathan Aljoe (Chief Financial Officer) appeared on Schedule A of P•• H••••• S•••••••• L•
        Jun 30, 2023 · Control person joined · fact
      • P•• H••••• S•••••••• L• reported RAUM $3.8B, up 26% from $3.0B (2022-02-22 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • P•• H••••• S•••••••• L• reported RAUM $3.0B, up 37% from $2.2B (2020-12-17 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Medlock Christopher James (Limited Partner, Portfolio Manager, Co-Managing Partner) no longer on Schedule A of P•• H••••• S•••••••• L• (listed 2020-03-31, absent 2020-11-16)
        Nov 16, 2020 · Control person left · inference
      • P•• H••••• S•••••••• L• reported RAUM $2.9B, down 58% from $6.9B (2019-09-30 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • Rice William Goodell (Limited Partner, President, Coo) no longer on Schedule A of P•• H••••• S•••••••• L• (listed 2019-09-30, absent 2020-03-31)
        Mar 31, 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/pfmhealthsciencesreportedpublic record, Form ADV, Sep 18, 2026
      Website
      pfmhealthsciences.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-281-1000reportedpublic 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