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

L••• R•••

Asset manager (funds and pooled vehicles)Westport, ConnecticutCRD 157127SEC 801-73847websiteIAPD
Legal name L••• R••• M••••••••• L•
Latest filing Mar 30, 2026
First filing on the tape Feb 14, 2012 · 29 filings
SEC status approved since Mar 30, 2012
RAUM
$5.5B
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
198
55 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
23
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$5.5B as of Mar 30, 2026
Mar 28, 2013$4.9B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 28, 20130 then
Employees (5.A)198 as of Mar 30, 2026
Mar 28, 2013155 then
Private funds23 as of Mar 30, 2026
Mar 28, 201314 then
RAUM -18% over the last fiscal year-21% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
$238MderivedRAUM 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
-18%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
  • 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$5.5B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
23reported
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
      35 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      L••• R••• P••••••• I• A•• L•••Private Equity Fund$6.4B173Mar 29, 2019
      L••• R••• P••••••• V•••• L•••Private Equity Fund$694M64Mar 28, 2018
      L••• R••• R•••••••• I•••• L•••Hedge Fund$557M21Aug 25, 2016
      L••• R••• P••••••• V••• L•••Private Equity Fund$534M49Mar 28, 2016
      L••• R••• R•••••••• V••• L•••Hedge Fund$492M11Feb 28, 2020
      L••••••••• M••••••• C••••••••• I•• L•••Private Equity Fund$442M23Mar 30, 2017
      L••••••••• M••••••• C••••••••• L•••Private Equity Fund$433M28Mar 30, 2017
      L••• R••• R•••••••• I•••• L•••Hedge Fund$406M30Aug 25, 2016
      L••• R••• R•••••••• I••••• L•••Hedge Fund$355M25Mar 28, 2013
      L••• R••• R•••••••• I••••• L•••Hedge Fund$312M39Mar 28, 2013
      L••• R••• N•• E•••••• L•••Private Equity Fund$255M66Mar 31, 2021
      L••• R••• P••••••• V• A•• L•••Private Equity Fund$232M7Mar 31, 2022
      L••• R••• P••••••• V• L•••Private Equity Fund$199M121Feb 14, 2012
      L••••••• V••••• C••••••••• L•••Private Equity Fund$177M4Mar 31, 2022
      L••• R••• P••••••• V• A•••• L•••Private Equity Fund$145M26Mar 31, 2022
      L••••••••• M••••••• 2••• C••••••••• L•••Private Equity Fund$105M19Mar 29, 2019
      L••••• J•••••• M••••••• I• C••••••••• L•Private Equity Fund$57.0M10Mar 28, 2018
      L••••• J•••••• M••••••• I•• C••••••••• L•••Private Equity Fund$35.3M12Mar 31, 2022
      L••• R••• P••••••• I•• L•••Private Equity Fund$26.0M27Mar 30, 2024
      L••••••••• T•••••• C••••••••• L•••Private Equity Fund$21.4M8Mar 30, 2024
      L••• R••• R•••••••• C• L•••no longer reportedPrivate Equity Fund$14.3M33Feb 14, 2012
      L••••••• C••••••••• L•••no longer reportedPrivate Equity Fund$10.3M10Mar 28, 2013
      L••••••••• C••••••••• L•••Private Equity Fund$8.0M26Mar 27, 2015
      L••• R••• P••••••• I••• L•••no longer reportedPrivate Equity Fund$7.9M46Feb 14, 2012
      L••• R••• R•••••••• I•••• L•••Private Equity Fund$6.9M32Feb 14, 2012
      L••• R••• P••••••• V•• L•••Private Equity Fund$6.1M76Feb 14, 2012
      L••• R••• P••••••• I•• L•••Private Equity Fund$3.2M87Feb 14, 2012
      L••• R••• P••••••• I•• L•••no longer reportedPrivate Equity Fund$1.4M43Feb 14, 2012
      L••• R••• R•••••••• A• L•••no longer reportedPrivate Equity Fund$1.3M19Feb 14, 2012
      L••• R••• R•••••••• B• L•••no longer reportedPrivate Equity Fund$989,5528Feb 14, 2012
      L•••• 2••• C••••••••• L•••no longer reportedPrivate Equity Fund$332,59812Mar 30, 2020
      L•••••• C••••••••• L•••no longer reportedPrivate Equity Fund$160,8415Mar 31, 2022
      F•••••• O• L••• R••• L•no longer reportedPrivate Equity Fund$41,40815Feb 14, 2012
      L••• R••• R•••••••• V•• L•••Private Equity Fund$06Mar 30, 2024
      L••• R••• R•••••••• I•••• L•••Private Equity Fund$012Feb 14, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••••• S••••• M•••• · Chief Financial Officercontrol
        since 05/2015 · owns less than 5%
      • F•••••• J•••••••• C•••• · Co-Founder/Managing Directorcontrol
        since 06/1998 · owns less than 5%
      • M•••••• M•••• A••••• · Managing Directorcontrol
        since 03/2017 · owns less than 5%
      • M••••• A••••••• R•• · Chief Compliance Officer/ General Counselcontrol
        since 01/2017 · owns less than 5%
      • M••••••• E•••• D••••• · Limited Partner, Managing Directorcontrol
        since 07/2005 · owns 10% to 25%
      • R•••••••• J•••• T••••• · Co-Founder/Managing Directorcontrol
        since 06/1998 · owns less than 5%
      • F•••••• J•••••••• C•••• · Membercontrol
        since 09/2006 · owns 75% or more of J•• I••••••••• L••
      • R•••••••• J•••• T••••• · President/Managercontrol
        since 01/2024 · owns F of J•• I••••••••• 2•••• L••
      • M•••••• J••••• M•••••• · Limited Partner
        since 07/2016 · owns 5% to 10%
      • M•••••• C•••••••• T•• · President And Chief Operating Officer Of L••• R••• R••••••••
        since 01/2018 · owns 5% to 10%
      • S•••••••• J••••••• B•••••• · Limited Partner
        since 03/2019 · owns 5% to 10%
      Entity owners
      • J•• I••••••••• L•• · Limited Partner
        direct · owns 25% to 50%
      • J•• I••••••••• 2•••• L•• · Limited Partner
        direct · owns 25% to 50%
      • L••• R••• M••••••••• G• L•• · General Partner
        direct · owns less than 5%
      • J•• I••••••••• L•• · Member
        indirect · owns 25% to 50% of L••• R••• M••••••••• G• L••
      • J•• I••••••••• 2•••• L•• · Member
        indirect · owns 25% to 50% of L••• R••• M••••••••• G• L••
      Related persons
      Schedule D 7.A
      • L••• R••• N•• E••••• G•• L•••
        pooled vehicle sponsorn
      • L••• R••• P••••••• G• I••• L•••
        pooled vehicle sponsorn
      • L••• R••• P••••••• G• I• A•• L•••
        pooled vehicle sponsorn
      • L••• R••• P••••••• G• I•• L•••
        pooled vehicle sponsorn
      • L••• R••• P••••••• G• I•• L•••
        pooled vehicle sponsorn
      • L••• R••• P••••••• G• V• L•••
        pooled vehicle sponsorn
      • L••• R••• P••••••• G• V• A•••• L•••
        pooled vehicle sponsorn
      • L••• R••• P••••••• G• V• A•• L•••
        pooled vehicle sponsorn
      • L••• R••• P••••••• G• V•• L•••
        pooled vehicle sponsorn
      • L••• R••• P••••••• G• V••• L•••
        pooled vehicle sponsorn
      • L••• R••• P••••••• G• V•••• L•••
        pooled vehicle sponsorn
      • L••• R••• R•••••••• G• I•• L•
        pooled vehicle sponsorn
      • L••• R••• R•••••••• G• V• L•••
        pooled vehicle sponsorn
      • L••• R••• R•••••••• G• V•• L•
        pooled vehicle sponsorn
      • L••• R••• R•••••••• I••• G•• L••
        pooled vehicle sponsorn
      • L••• R••• R•••••••• I••• G•• L••
        pooled vehicle sponsorn
      • L••• R••• R•••••••• I•••• G•• L••
        pooled vehicle sponsorn
      • L••• R••• R•••••••• I•••• G•• L••
        pooled vehicle sponsorn
      • L••• R••• R•••••••• I••• G•• L••
        pooled vehicle sponsorn
      • L••• R••• R•••••••• I••• G•• L••
        pooled vehicle sponsorn
      • S•••• P•••• C•••••• M••••••••• L•
        investment advisern
      • S•••• P•••• C••••••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Houston, TX45 employees
      What changed
      consecutive filings, newest first
      • Accounts · 25 to 23
        Apr 8, 2025 to Mar 30, 2026
      • Advisory employees · 49 to 55
        Apr 8, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 25 to 23
        Apr 8, 2025 to Mar 30, 2026
      • Employees · 204 to 198
        Apr 8, 2025 to Mar 30, 2026
      • Private funds · 25 to 23
        Apr 8, 2025 to Mar 30, 2026
      • Discretionary RAUM · $6.7B to $5.5B
        Apr 8, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $6.7B to $5.5B
        Apr 8, 2025 to Mar 30, 2026
      • RAUM · $6.7B to $5.5B
        Apr 8, 2025 to Mar 30, 2026
      • Accounts · 26 to 25
        Sep 25, 2024 to Apr 8, 2025
      • Pooled vehicle clients · 26 to 25
        Sep 25, 2024 to Apr 8, 2025
      • Employees · 213 to 204
        Sep 25, 2024 to Apr 8, 2025
      • Financial planning clients · unset to
        Sep 25, 2024 to Apr 8, 2025
      • Other offices · 1 to 2
        Sep 25, 2024 to Apr 8, 2025
      • Private funds · 26 to 25
        Sep 25, 2024 to Apr 8, 2025
      • Discretionary RAUM · $13B to $6.7B
        Sep 25, 2024 to Apr 8, 2025
      • Pooled vehicle RAUM · $13B to $6.7B
        Sep 25, 2024 to Apr 8, 2025
      • RAUM · $13B to $6.7B
        Sep 25, 2024 to Apr 8, 2025
      • Advisory employees · 50 to 49
        Apr 14, 2023 to Mar 30, 2024
      • Employees · 218 to 213
        Apr 14, 2023 to Mar 30, 2024
      • Other offices · 2 to 1
        Apr 14, 2023 to Mar 30, 2024
      • Discretionary RAUM · $11B to $13B
        Apr 14, 2023 to Mar 30, 2024
      • Pooled vehicle RAUM · $11B to $13B
        Apr 14, 2023 to Mar 30, 2024
      • RAUM · $11B to $13B
        Apr 14, 2023 to Mar 30, 2024
      • Advisory employees · 48 to 50
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 212 to 218
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $9.1B to $11B
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $9.1B to $11B
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $9.1B to $11B
        Mar 31, 2022 to Mar 31, 2023
      • Accounts · 21 to 26
        Mar 31, 2021 to Mar 31, 2022
      • Advisory employees · 47 to 48
        Mar 31, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 21 to 26
        Mar 31, 2021 to Mar 31, 2022
      • Employees · 203 to 212
        Mar 31, 2021 to Mar 31, 2022
      • Private funds · 21 to 26
        Mar 31, 2021 to Mar 31, 2022
      • Discretionary RAUM · $5.7B to $9.1B
        Mar 31, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $5.7B to $9.1B
        Mar 31, 2021 to Mar 31, 2022
      • RAUM · $5.7B to $9.1B
        Mar 31, 2021 to Mar 31, 2022
      • Accounts · 20 to 21
        May 22, 2020 to Mar 31, 2021
      • Advisory employees · 55 to 47
        May 22, 2020 to Mar 31, 2021
      • Pooled vehicle clients · 20 to 21
        May 22, 2020 to Mar 31, 2021
      • Employees · 243 to 203
        May 22, 2020 to Mar 31, 2021
      Signals
      4 dated events
      • L••• R••• reported RAUM $6.7B, down 47% from $12.7B (2024-09-25 to 2025-04-08)
        Apr 8, 2025 · RAUM change · derived
      • Willis Charles Adcock (Managing Director) no longer on Schedule A of L••• R••• (listed 2023-04-14, absent 2024-03-30)
        Mar 30, 2024 · Control person left · inference
      • Andrew David Stein (Trustee - The John Reynolds 2006 Continuation Trust) no longer on Schedule A of L••• R••• (listed 2023-04-14, absent 2024-03-30)
        Mar 30, 2024 · Control person left · inference
      • L••• R••• reported RAUM $9.1B, up 59% from $5.7B (2021-03-31 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      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/L•••-R•••-NEW-E•••••reportedpublic record, Form ADV, Sep 18, 2026
      Firm profile
      LINKEDIN.COM/COMPANY/L•••-R•••-PARTNERSreportedpublic record, Form ADV, Sep 18, 2026
      Website
      w••.l•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      203-293-2750reportedpublic record, Form ADV, Mar 30, 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