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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Former SEC-registered adviser

J••• P••••••• L••

Former SEC-registered adviserNew York, New YorkCRD 151318SEC 801-70627IAPD
Latest filing Mar 30, 2023
First filing on the tape Mar 30, 2012 · 25 filings
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
21
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
7
$1.3B gross assets
History
25 filings and snapshots on the tape
RAUM$1.3B as of Mar 30, 2023
Mar 30, 2012$4.2B then
HNW client RAUM: $7.9M
State-registered IARs (5.B.3)0 as of Mar 30, 2023
Mar 30, 20120 then
Employees (5.A)21 as of Mar 30, 2023
Feb 1, 201345 then
Private funds7 as of Mar 30, 2023
Mar 30, 20126 then
RAUM -19% over the last fiscal year-16% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2023; 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
$142MderivedRAUM 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
-19%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 vehiclesreportedItem 5.G
Custody
$1.2B, 7 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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)
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
9reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$1.2B for 7 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      Every departureEvery arrival
      Private funds
      13 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      J••• M••••• F•••• L•••no longer reportedHedge Fund$1.6B392Mar 30, 2012
      J••• N•••••• F•••• L•••no longer reportedHedge Fund$317M69Mar 30, 2012
      J••• I••••••••• F••• I••no longer reportedHedge Fund$231M1Mar 30, 2012
      J••• S•••••••• I••••••••• F••• I•• L•no longer reportedHedge Fund$220M2Mar 30, 2017
      J••• I••••••••• F••• I•no longer reportedHedge Fund$207M19Mar 30, 2012
      J••• S•••••••• I••••••••• F••• I••• L•no longer reportedHedge Fund$112M2Mar 30, 2017
      J••• S•••••••• I••••••••• F••• I• L•no longer reportedHedge Fund$82.5M2Mar 30, 2017
      J•• B•••••••• S•• I• L•Hedge Fund$73.4M2Aug 24, 2018
      J••• N•••••• M••••• F•••• L•••no longer reportedHedge Fund$46.6M92Mar 30, 2012
      J••• S•••••••• I••••••••• F••• V••• L•no longer reportedHedge Fund$18.3M2Aug 21, 2017
      J••• S•••••••• I••••••••• F••• V•• L•Hedge Fund$13.5M2Mar 30, 2017
      J••• S•••••••• I••••••••• F••• V• L•Hedge Fund$7.9M2Mar 30, 2017
      J••• P•••••• M••••• F•••• L•••no longer reportedOther Private Fund$6.0M99Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • D••••••••• D••••• M•••• · Partnercontrol
        since 04/2011 · owns 10% to 25%
      • F•••••••• J••••••• · Partner, Chief Legal Officer & Chief Compliance Officercontrol
        since 03/2019 · owns less than 5%
      • O••••••• S••••• D•••• · Managing Partnercontrol
        since 12/2009 · owns 5% to 10%
      • R••••••••• B••••• S••••• · Managing Partnercontrol
        since 04/2001 · owns 50% to 75%
      • H•••••• R•••• M•••••• · Chief Financial Officer
        since 05/2021 · owns less than 5%
      • Y••••• J••• H••• · Chief Operating Officer
        since 09/2011 · owns less than 5%
      Related persons
      Schedule D 7.A
      • J••• P••••••• C••••••• L••
        investment adviserbankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 11 to 9
        Mar 30, 2022 to Mar 30, 2023
      • Advisory employees · 8 to 9
        Mar 30, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 11 to 9
        Mar 30, 2022 to Mar 30, 2023
      • Assets in custody · $1.5B to $1.2B
        Mar 30, 2022 to Mar 30, 2023
      • Employees · 20 to 21
        Mar 30, 2022 to Mar 30, 2023
      • Private funds · 9 to 7
        Mar 30, 2022 to Mar 30, 2023
      • Discretionary RAUM · $1.6B to $1.3B
        Mar 30, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $1.6B to $1.3B
        Mar 30, 2022 to Mar 30, 2023
      • RAUM · $1.6B to $1.3B
        Mar 30, 2022 to Mar 30, 2023
      • Accounts · 13 to 11
        Jun 16, 2021 to Mar 30, 2022
      • Pooled vehicle clients · 12 to 11
        Jun 16, 2021 to Mar 30, 2022
      • Assets in custody · $1.3B to $1.5B
        Jun 16, 2021 to Mar 30, 2022
      • Employees · 21 to 20
        Jun 16, 2021 to Mar 30, 2022
      • Private funds · 10 to 9
        Jun 16, 2021 to Mar 30, 2022
      • Discretionary RAUM · $2.0B to $1.6B
        Jun 16, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $1.4B to $1.6B
        Jun 16, 2021 to Mar 30, 2022
      • RAUM · $2.0B to $1.6B
        Jun 16, 2021 to Mar 30, 2022
      • Accounts · 14 to 13
        Feb 20, 2020 to Mar 30, 2021
      • Advisory employees · 9 to 8
        Feb 20, 2020 to Mar 30, 2021
      • Pooled vehicle clients · 13 to 12
        Feb 20, 2020 to Mar 30, 2021
      • Assets in custody · $1.1B to $1.3B
        Feb 20, 2020 to Mar 30, 2021
      • Employees · 24 to 21
        Feb 20, 2020 to Mar 30, 2021
      • Discretionary RAUM · $2.2B to $2.0B
        Feb 20, 2020 to Mar 30, 2021
      • Pooled vehicle RAUM · $1.4B to $1.4B
        Feb 20, 2020 to Mar 30, 2021
      • RAUM · $2.2B to $2.0B
        Feb 20, 2020 to Mar 30, 2021
      • Accounts · 26 to 14
        May 8, 2019 to Feb 20, 2020
      • Advisory employees · 10 to 9
        May 8, 2019 to Feb 20, 2020
      • Pooled vehicle clients · 21 to 13
        May 8, 2019 to Feb 20, 2020
      • Assets in custody · $2.7B to $1.1B
        May 8, 2019 to Feb 20, 2020
      • Employees · 42 to 24
        May 8, 2019 to Feb 20, 2020
      • Private funds · 11 to 10
        May 8, 2019 to Feb 20, 2020
      • Discretionary RAUM · $3.6B to $2.2B
        May 8, 2019 to Feb 20, 2020
      • HNW RAUM · 7852510.0 to unset
        May 8, 2019 to Feb 20, 2020
      • Pooled vehicle RAUM · $3.0B to $1.4B
        May 8, 2019 to Feb 20, 2020
      • RAUM · $3.6B to $2.2B
        May 8, 2019 to Feb 20, 2020
      • Accounts · 19 to 26
        Feb 27, 2019 to Mar 28, 2019
      • Advisory employees · 19 to 10
        Feb 27, 2019 to Mar 28, 2019
      • Pooled vehicle clients · 18 to 21
        Feb 27, 2019 to Mar 28, 2019
      • Assets in custody · $4.6B to $2.7B
        Feb 27, 2019 to Mar 28, 2019
      • Employees · 53 to 42
        Feb 27, 2019 to Mar 28, 2019
      Signals
      4 dated events
      • Gordon Charles Penner (Partner) no longer on Schedule A of J••• P••••••• L•• (listed 2020-02-20, absent 2021-03-30)
        Mar 30, 2021 · Control person left · inference
      • J••• P••••••• L•• reported RAUM $2.2B, down 40% from $3.6B (2019-05-08 to 2020-02-20)
        Feb 20, 2020 · RAUM change · derived
      • J••• P••••••• L•• reported RAUM $3.6B, down 33% from $5.3B (2019-02-27 to 2019-03-28)
        Mar 28, 2019 · RAUM change · derived
      • J••• P••••••• L•• reported RAUM $5.3B, down 37% from $8.5B (2017-09-29 to 2018-03-28)
        Mar 28, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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
      Former SEC-registered adviserderiveda 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