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•••••••• P•••••••• L•••••
Latest filing Mar 31, 2026
First filing on the tape Feb 14, 2012 · 20 filings
SEC status approved since Mar 30, 2012
RAUM
$787M
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
20
19 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$787M as of Mar 31, 2026
Mar 27, 2013$664M then
HNW client RAUM$0 as of Mar 31, 2026
Mar 27, 2020$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 27, 20130 then
Employees (5.A)20 as of Mar 31, 2026
Mar 27, 201326 then
Private funds4 as of Mar 31, 2026
Mar 27, 20134 then
RAUM -6.1% over the last fiscal year+0.5% a year over threeIARs 0 to 0
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
- $197MderivedRAUM 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
- -6.1%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)
- 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$787M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 4reported
- Financial planning clients
- reported
- 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=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
8 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P•••••••• P••••••• F••• V• L••• | Private Equity Fund | $547M | 78 | Jun 1, 2015 |
| P•••••••• F••• V•• L••• | Private Equity Fund | $413M | 107 | Mar 24, 2023 |
| P•••••••• P••••••• F••• I•• L••• | Private Equity Fund | $76.9M | 33 | Feb 14, 2012 |
| P•••••••• E•••••••• Q• F••• I••• L•••no longer reported | Private Equity Fund | $43.9M | 20 | Feb 14, 2012 |
| P•••••••• F••• V•••• L••• | Private Equity Fund | $20.0M | 13 | Mar 24, 2023 |
| P•••••••• P••••••• F••• V••• L••• | Private Equity Fund | $15.5M | 16 | Jun 1, 2015 |
| P•••••••• E•••••••• F••• I••• L•••no longer reported | Private Equity Fund | $5.4M | 36 | Feb 14, 2012 |
| P•••••••• P••••••• C••••••••• F••• I•• L••• | Private Equity Fund | $3.0M | 35 | Feb 14, 2012 |
Owners and control persons
Schedule A and B, latest filing
- B••••••••• P••••••• D• · Managing Directorcontrolsince 10/2022 · owns 25% to 50%
- F••••••• S••••• A• · Senior Managing Directorcontrolsince 01/2009 · owns 25% to 50%
- H••••••••• K••••••• J• · Managing Directorcontrolsince 10/2022 · owns 25% to 50%
- P••••• A•••••• W••••••• · Chief Compliance Officercontrolsince 06/2015 · owns less than 5%
Related persons
Schedule D 7.A
- P•••••••• P••••••• I•• L•••pooled vehicle sponsory
- P•••••••• P••••••• V• L•••pooled vehicle sponsory
- P•••••••• P••••••• V•• L•••pooled vehicle sponsory
- P•••••••• U•• V•• L•••••pooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 20 to 19Feb 27, 2026 to Mar 31, 2026
- Employees · 21 to 20Feb 27, 2026 to Mar 31, 2026
- Discretionary RAUM · $838M to $787MFeb 27, 2026 to Mar 31, 2026
- Pooled vehicle RAUM · $838M to $787MFeb 27, 2026 to Mar 31, 2026
- RAUM · $838M to $787MFeb 27, 2026 to Mar 31, 2026
- Accounts · 6 to 4Mar 29, 2024 to Mar 30, 2025
- Advisory employees · 19 to 20Mar 29, 2024 to Mar 30, 2025
- Pooled vehicle clients · 6 to 4Mar 29, 2024 to Mar 30, 2025
- Assets in custody · 774743074.0 to unsetMar 29, 2024 to Mar 30, 2025
- Custody of client assets · true to falseMar 29, 2024 to Mar 30, 2025
- Employees · 20 to 21Mar 29, 2024 to Mar 30, 2025
- Financial planning clients · unset to Mar 29, 2024 to Mar 30, 2025
- Private funds · 6 to 4Mar 29, 2024 to Mar 30, 2025
- Discretionary RAUM · $1.1B to $838MMar 29, 2024 to Mar 30, 2025
- Pooled vehicle RAUM · $1.1B to $838MMar 29, 2024 to Mar 30, 2025
- RAUM · $1.1B to $838MMar 29, 2024 to Mar 30, 2025
- Discretionary RAUM · $775M to $1.1BMay 3, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $775M to $1.1BMay 3, 2023 to Mar 29, 2024
- RAUM · $775M to $1.1BMay 3, 2023 to Mar 29, 2024
- Accounts · 4 to 6Oct 11, 2022 to Mar 24, 2023
- Advisory employees · 18 to 19Oct 11, 2022 to Mar 24, 2023
- Pooled vehicle clients · 4 to 6Oct 11, 2022 to Mar 24, 2023
- Assets in custody · $773M to $775MOct 11, 2022 to Mar 24, 2023
- Employees · 19 to 20Oct 11, 2022 to Mar 24, 2023
- Private funds · 4 to 6Oct 11, 2022 to Mar 24, 2023
- Discretionary RAUM · $773M to $775MOct 11, 2022 to Mar 24, 2023
- Pooled vehicle RAUM · $773M to $775MOct 11, 2022 to Mar 24, 2023
- RAUM · $773M to $775MOct 11, 2022 to Mar 24, 2023
- Advisory employees · 17 to 18Mar 30, 2021 to Mar 25, 2022
- Assets in custody · $635M to $773MMar 30, 2021 to Mar 25, 2022
- Employees · 18 to 19Mar 30, 2021 to Mar 25, 2022
- Discretionary RAUM · $635M to $773MMar 30, 2021 to Mar 25, 2022
- Pooled vehicle RAUM · $635M to $773MMar 30, 2021 to Mar 25, 2022
- RAUM · $635M to $773MMar 30, 2021 to Mar 25, 2022
- Accounts · 6 to 4Mar 27, 2020 to Mar 30, 2021
- Pooled vehicle clients · 6 to 4Mar 27, 2020 to Mar 30, 2021
- Assets in custody · $784M to $635MMar 27, 2020 to Mar 30, 2021
- Private funds · 6 to 4Mar 27, 2020 to Mar 30, 2021
- Discretionary RAUM · $687M to $635MMar 27, 2020 to Mar 30, 2021
- Pooled vehicle RAUM · $687M to $635MMar 27, 2020 to Mar 30, 2021
Signals
8 dated events
- P•••••••• P•••••••• L••••• reported RAUM $1.1B, up 39% from $774.7M (2023-05-03 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Joseph James Norton (Senior Managing Director) no longer on Schedule A of P•••••••• P•••••••• L••••• (listed 2022-03-25, absent 2022-10-11)Oct 11, 2022 · Control person left · inference
- Steven Thomas Bagley (Senior Managing Director And Founder) no longer on Schedule A of P•••••••• P•••••••• L••••• (listed 2022-03-25, absent 2022-10-11)Oct 11, 2022 · Control person left · inference
- Harold John Underwood (Senior Managing Director) no longer on Schedule A of P•••••••• P•••••••• L••••• (listed 2022-03-25, absent 2022-10-11)Oct 11, 2022 · Control person left · inference
- R Denio Bolzan (Managing Director) no longer on Schedule A of P•••••••• P•••••••• L••••• (listed 2022-03-25, absent 2022-10-11)Oct 11, 2022 · Control person left · inference
- J John Starcevich (Managing Director) no longer on Schedule A of P•••••••• P•••••••• L••••• (listed 2022-03-25, absent 2022-10-11)Oct 11, 2022 · Control person left · inference
- D P•••••• B••••••••• (Managing Director) appeared on Schedule A of P•••••••• P•••••••• L•••••Oct 11, 2022 · Control person joined · fact
- J K•••••• H•••••••• (Managing Director) appeared on Schedule A of P•••••••• P•••••••• L•••••Oct 11, 2022 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- P•••••••• P•••••••• L••••• · Independent Sponsorsshared crd · capital_provider
- P•••••••• P•••••••• L••••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- H••••://P••••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 312-222-8707reportedpublic 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