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.

Former SEC-registered adviser

Covariance Capital Management, Inc.

Former SEC-registered adviserHouston, TexasCRD 154984SEC 801-71843IAPD
Latest filing Aug 30, 2017
First filing on the tape Dec 2, 2011 · 27 filings
RAUM
$3.8B
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
33
16 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
23
$2.7B gross assets
History
27 filings and snapshots on the tape
RAUM$3.8B as of Mar 31, 2017
Mar 29, 2012$1.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2017
Mar 29, 20120 then
Employees (5.A)33 as of Mar 31, 2017
Apr 1, 201320 then
Private funds23 as of Mar 31, 2017
Mar 29, 201211 then
RAUM +69% over the last fiscal year+43% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 30, 2017; 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
$123MderivedRAUM 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
+69%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 assetsreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$3.8B, 31 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
31reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$3.8B for 31 clientsreported
Compensation
% of AUMreported
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
      4 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Ccap Fund Ef, L.P.Hedge Fund$105M1Mar 28, 2016
      Ccap Fund 6-2016, L.P.Private Equity Fund$46.0M2Mar 31, 2017
      Ccap Fund 3, L.P.Hedge Fund$37.6M1Mar 29, 2012
      Ccap Fund 4, L.P.no longer reportedHedge Fund$10.1M1Mar 29, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • Neddal Michael Barakat · Chief Compliance Officercontrol
        since 08/2014 · owns less than 5%
      • Ward Carol Deckbar · Directorcontrol
        since 04/2016 · owns less than 5%
      • Esterly Sarah Devany · Chief Operating Officercontrol
        since 08/2017 · owns less than 5%
      • Walton Roger Ferguson · Directorcontrol
        since 08/2010 · owns less than 5%
      • Patrick Joseph Gerharz · Chief Financial Officercontrol
        since 08/2017 · owns less than 5%
      • Claudio Jorge Gutierrez · Treasurercontrol
        since 06/2010 · owns less than 5%
      • Wolfson Lisa Hess · Directorcontrol
        since 03/2012 · owns less than 5%
      • Jay Michael Jawor · Chief Investment Officercontrol
        since 01/2017 · owns less than 5%
      • Bruce Michael Kahn · Directorcontrol
        since 08/2017 · owns less than 5%
      • J Kevin O'Leary · Chief Executive Officer, Directorcontrol
        since 08/2017 · owns less than 5%
      • Richard Ronald Pressman · Directorcontrol
        since 11/2012 · owns less than 5%
      Entity owners
      • Tiaa-Cref Redwood, LLC · Sole Direct Owner
        direct · owns 75% or more
      • Teachers Insurance And Annuity Association Of America · Sole Owner
        indirect · owns 75% or more of Tiaa-Cref Redwood, LLC
      • Tiaa Board Of Overseers · Shareholder
        indirect · owns 75% or more of Teachers Insurance And Annuity Association Of America
      Related persons
      Schedule D 7.A
      • Agr Partners LLC
        investment advisernRAUM $1.2B
      • Casa Partners Vi, Gp LLC
        bankpooled vehicle sponsorn
      • Casa Student Housing Fund Gp, LLC
        bankpooled vehicle sponsorn
      • Ccap Gp, LLC
        bankpooled vehicle sponsory
      • Churchill Asset Management LLC
        investment adviserpooled vehicle sponsornRAUM $56B
      • Global Investors Gp II, L.L.C.
        bankpooled vehicle sponsorn
      • Global Investors Gp IV, L.L.C.
        bankpooled vehicle sponsorn
      • Global Investors Gp, L.L.C.
        bankpooled vehicle sponsorn
      • Greenwood Resources Capital Management LLC
        investment advisernRAUM $1.3B
      • Gtff Gp LLC
        pooled vehicle sponsorn
      • Henderson Property Uk Aimf Limited
        investment advisern
      • Henderson Real Estate Asset Management Limited
        investment advisern
      • Tiaa Kaspick, LLC
        investment advisernRAUM $8.7B
      • T-C 685 Third Avenue Member LLC
        n
      • T-C Sma I, LLC
        pooled vehicle sponsorn
      • T-C Sma III, LLC
        pooled vehicle sponsorn
      • T-C U.S. Super Regional Mall Fund Gp, LLC
        pooled vehicle sponsory
      • Tcam Dof Gp, LLC
        pooled vehicle sponsorn
      • Tcam Global Uk, Limited
        investment advisern
      • Tcga II Investor Fund Gp LLC
        pooled vehicle sponsorn
      • Tcga Investor Fund Gp LLC
        pooled vehicle sponsorn
      • Teachers Advisors, LLC
        investment adviserpooled vehicle sponsornRAUM $436B
      • Teachers Insurance And Annuity Association Of America
        real estatey
      • Teachers Personal Investors Services, Inc.
        broker-dealern
      • Nuveen Alternatives Advisors LLC
        investment adviserpooled vehicle sponsornRAUM $142B
      • Tiaa-Cref Asset Management LLC
        n
      • Tiaa-Cref Asset Management Uk Limited
        investment advisern
      • Advice And Planning Services
        broker-dealerinvestment advisernRAUM $38B
      • Tiaa-Cref Insurance Agency, LLC
        real estaten
      • Tiaa-Cref Investment Management LLC
        investment advisernRAUM $292B
      Offices
      Schedule D 1.F, the 25 largest
      • Charlotte, NC
      • Chicago, IL
      What changed
      consecutive filings, newest first
      • Accounts · 16 to 31
        Jan 25, 2017 to Mar 31, 2017
      • Advisory employees · 15 to 16
        Jan 25, 2017 to Mar 31, 2017
      • Assets in custody · $2.3B to $3.8B
        Jan 25, 2017 to Mar 31, 2017
      • Employees · 27 to 33
        Jan 25, 2017 to Mar 31, 2017
      • Private funds · 13 to 23
        Jan 25, 2017 to Mar 31, 2017
      • Discretionary RAUM · $2.3B to $3.8B
        Jan 25, 2017 to Mar 31, 2017
      • RAUM · $2.3B to $3.8B
        Jan 25, 2017 to Mar 31, 2017
      • Accounts · 11 to 16
        Nov 30, 2015 to Mar 28, 2016
      • Advisory employees · 13 to 15
        Nov 30, 2015 to Mar 28, 2016
      • Assets in custody · $1.4B to $2.3B
        Nov 30, 2015 to Mar 28, 2016
      • Employees · 20 to 27
        Nov 30, 2015 to Mar 28, 2016
      • Private funds · 10 to 13
        Nov 30, 2015 to Mar 28, 2016
      • Discretionary RAUM · $1.4B to $2.3B
        Nov 30, 2015 to Mar 28, 2016
      • RAUM · $1.4B to $2.3B
        Nov 30, 2015 to Mar 28, 2016
      • Private funds · 11 to 10
        Apr 24, 2015 to Apr 28, 2015
      • Private funds · 10 to 11
        Mar 27, 2015 to Apr 24, 2015
      • Accounts · 12 to 11
        Dec 15, 2014 to Mar 27, 2015
      • Advisory employees · 12 to 13
        Dec 15, 2014 to Mar 27, 2015
      • Assets in custody · $1.3B to $1.4B
        Dec 15, 2014 to Mar 27, 2015
      • Employees · 27 to 20
        Dec 15, 2014 to Mar 27, 2015
      • Private funds · 11 to 10
        Dec 15, 2014 to Mar 27, 2015
      • Discretionary RAUM · $1.3B to $1.4B
        Dec 15, 2014 to Mar 27, 2015
      • RAUM · $1.3B to $1.4B
        Dec 15, 2014 to Mar 27, 2015
      • Advisory employees · 13 to 12
        Jul 16, 2013 to Mar 31, 2014
      • Assets in custody · $1.1B to $1.3B
        Jul 16, 2013 to Mar 31, 2014
      • Employees · 20 to 27
        Jul 16, 2013 to Mar 31, 2014
      • Discretionary RAUM · $1.2B to $1.3B
        Jul 16, 2013 to Mar 31, 2014
      • RAUM · $1.2B to $1.3B
        Jul 16, 2013 to Mar 31, 2014
      • Discretionary RAUM · $1.1B to $1.2B
        Apr 2, 2013 to May 1, 2013
      • RAUM · $1.1B to $1.2B
        Apr 2, 2013 to May 1, 2013
      • Advisory employees · 10 to 13
        Feb 8, 2013 to Apr 1, 2013
      • Assets in custody · $1.1B to $1.1B
        Feb 8, 2013 to Apr 1, 2013
      • Custody of client assets · false to true
        Feb 8, 2013 to Apr 1, 2013
      • Employees · 21 to 20
        Feb 8, 2013 to Apr 1, 2013
      • Discretionary RAUM · $1.1B to $1.1B
        Feb 8, 2013 to Apr 1, 2013
      • RAUM · $1.1B to $1.1B
        Feb 8, 2013 to Apr 1, 2013
      • Advisory employees · unset to 10.0
        Mar 29, 2012 to Oct 30, 2012
      • Employees · unset to 21.0
        Mar 29, 2012 to Oct 30, 2012
      • Accounts · 1 to 12
        Dec 2, 2011 to Mar 29, 2012
      • Assets in custody · $620M to $1.1B
        Dec 2, 2011 to Mar 29, 2012
      Signals
      No event on the tape.
      Across DFX
      shared identifiers only, never a name match
      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