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

V•••••• I••••••••• •••• I•••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 157458SEC 801-74174websiteIAPD
Latest filing Aug 5, 2026
First filing on the tape Feb 14, 2012 · 32 filings
SEC status approved since Mar 27, 2012
RAUM
$1.5B
reported, Item 5.F
Discretionary
7.2%
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
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$1.5B as of Aug 5, 2026
Dec 20, 2012$641M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 5, 2026
Dec 20, 20120 then
Employees (5.A)5 as of Aug 5, 2026
Dec 20, 20125 then
Private funds1 as of Aug 5, 2026
Dec 20, 20121 then
RAUM +281% over the last fiscal year+43% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 5, 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
$210MderivedRAUM over accounts (5.F.2.f)
Discretionary
7.2%derivedof RAUM
Institutional
25%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
+281%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
yesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.1B75%
  • Pension and profit-sharing plans$206M14%
  • Insurance companies$156M11%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
2reported
Charitable clients
n/areported
Accounts
7reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.75 institutional_share=0.25 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
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      R••••••• I••••••••• S•• L••no longer reportedOther Private Fund$230M1Dec 22, 2017
      Z••••• H••••••• I••••••••• P•••••••• L•no longer reportedOther Private Fund$180M4Feb 14, 2012
      V•••••• I••••••••• D••• F•••Other Private Fund$109M5Mar 30, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • C•••••• N•••••••• J•••• · Director, Executive Directorcontrol
        since 08/2015 · owns less than 5%
      • F••• D••••••• M•••••• · Non-Executive Directorcontrol
        since 12/2022 · owns less than 5%
      • B••••••••• E••••••• S••••• M••••••• · Ownercontrol
        since 08/2023 · owns 75% or more of B••••••••• P••••••• L••
      • B••••••••• E••••••• S••••• M••••••• · L•••••• Partnercontrol
        since 01/2011 · owns 50% to 75% of L••••••• L•
      • B••••••••• E••••••• S••••• M••••••• · Ownercontrol
        since 08/2023 · owns 75% or more of B•••••••• G•••• H••••••• S•
      • G••••••••• D••••• · L•••••• Partnercontrol
        since 01/2011 · owns 25% to 50% of L••••••• L•
      • A•••••• S•••••••• H•••••••• · Chief Compliance Officer
        since 06/2022 · owns less than 5%
      Entity owners
      • V•••••• I••••••••• H••••••• L•• · Shareholder
        direct · owns 75% or more
      • B•••••••• A• H••••••• L•••••• · General Partner
        indirect · owns F of N••••••• C•••••• ••••••• L•••
      • B•••••••• A• H••••••• L•••••• · General Partner
        indirect · owns F of N••••••• J••••• H••••••• L•
      • B•••••••• G• L•••••• · General Partner
        indirect · owns F of N••••••• I••••• L•
      • B•••••••• G•••• H••••••• S• · Owner
        indirect · owns 75% or more of B•••••••• H••••••• ••••••••• S•
      • B•••••••• H••••••• ••••••••• S• · Owner
        indirect · owns 75% or more of B•••••••• A• H••••••• L••••••
      • B•••••••• H••••••• ••••••••• S• · General Partner
        indirect · owns F of B•••••••• G• L••••••
      • B••••••••• P••••••• L•• · Owner
        indirect · owns 75% or more of L• ••• L••
      • C•••••• F••• H•••••• A•• · Owner
        indirect · owns 75% or more of V•••••• I••••••••• H••••••• L••
      • L••••••• L• · L•••••• Partner
        indirect · owns 75% or more of N••••••• I••••• L•
      • L• ••• L•• · General Partner
        indirect · owns F of L••••••• L•
      • N••••••• C•••••• ••••••• L••• · L•••••• Partner
        indirect · owns 75% or more of N••••••• J••••• H••••••• L•
      • N••••••• I••••• L• · L•••••• Partner
        indirect · owns 75% or more of N••••••• C•••••• ••••••• L•••
      • N••••••• J••••• H••••••• L• · Owner
        indirect · owns 75% or more of N••••••• U• M••••••••• H••••••• L•••••• I•
      • N••••••• M••••• L••••••••• H••••••• S••• · Owner
        indirect · owns 50% to 75% of C•••••• F••• H•••••• A••
      • N••••••• U• M••••••••• H••••••• L•••••• I• · Owner
        indirect · owns 75% or more of N••••••• M••••• L••••••••• H••••••• S•••
      Related persons
      Schedule D 7.A
      • V•••••• I••••••••• ••• L••••••
        investment advisern
      • V•••••• I••••••••• U•• G• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      4 against comparable advisers; where to look, not conclusions
      • high institutional concentrationStatic outlier · filing Aug 5, 2026
        institutional share of RAUM of 25% against a peer median of 0% (1506 comparable advisers, 98.0th percentile, 8.3 robust deviations)
        peers: asset managers, $1B to $5B (1,506) · 98% percentile
      • discretionary share shiftChange between filings · filing Mar 31, 2026
        discretionary share of RAUM moved from 28.0% to 7.0% between the annual amendments of 2025-03-31 and 2026-03-31
        peers: asset managers, $1B to $5B (1,506)
      • institutional asset share shiftChange between filings · filing Mar 31, 2026
        institutional share of RAUM moved from 69.0% to 25.0% between the annual amendments of 2025-03-31 and 2026-03-31
        peers: asset managers, $1B to $5B (1,506)
      • RAUM up 50 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $385,485,463 to $1,467,098,388 (+281.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +11.0% (1368 comparable advisers, 99.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,368) · 99% percentile
      What changed
      consecutive filings, newest first
      • Advisory employees · 4 to 5
        Mar 31, 2025 to Mar 31, 2026
      • Advisory activities · 3 to 2
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 1 to 2
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 4 to 5
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $109M to $106M
        Mar 31, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $276M to $1.4B
        Mar 31, 2025 to Mar 31, 2026
      • Pension RAUM · $158M to $206M
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $109M to $1.1B
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $385M to $1.5B
        Mar 31, 2025 to Mar 31, 2026
      • Accounts · 6 to 7
        Oct 3, 2024 to Mar 31, 2025
      • Advisory activities · 2 to 3
        Oct 3, 2024 to Mar 31, 2025
      • Financial planning clients · 0 to 0
        Oct 3, 2024 to Mar 31, 2025
      • Discretionary RAUM · $254M to $109M
        Oct 3, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $294M to $276M
        Oct 3, 2024 to Mar 31, 2025
      • Pension RAUM · $172M to $158M
        Oct 3, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $109M to $109M
        Oct 3, 2024 to Mar 31, 2025
      • RAUM · $548M to $385M
        Oct 3, 2024 to Mar 31, 2025
      • BD registered reps · 3 to 0
        Jul 11, 2023 to Mar 28, 2024
      • Assets in custody · unset to 0.0
        Jul 11, 2023 to Mar 28, 2024
      • Custody of client assets · false to true
        Jul 11, 2023 to Mar 28, 2024
      • Employees · 5 to 4
        Jul 11, 2023 to Mar 28, 2024
      • Other offices · 1 to 0
        Jul 11, 2023 to Mar 28, 2024
      • Discretionary RAUM · $247M to $254M
        Jul 11, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $255M to $294M
        Jul 11, 2023 to Mar 28, 2024
      • Pension RAUM · $152M to $172M
        Jul 11, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $92.6M to $109M
        Jul 11, 2023 to Mar 28, 2024
      • RAUM · $502M to $548M
        Jul 11, 2023 to Mar 28, 2024
      • Related broker-dealer · true to false
        Jul 11, 2023 to Mar 28, 2024
      • Accounts · 5 to 6
        Jun 21, 2022 to Mar 31, 2023
      • Pension plan clients · unset to 2.0
        Jun 21, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 2 to 1
        Jun 21, 2022 to Mar 31, 2023
      • Assets in custody · 104331768.0 to unset
        Jun 21, 2022 to Mar 31, 2023
      • Employees · 4 to 5
        Jun 21, 2022 to Mar 31, 2023
      • Other offices · 2 to 1
        Jun 21, 2022 to Mar 31, 2023
      • Private funds · 2 to 1
        Jun 21, 2022 to Mar 31, 2023
      • Discretionary RAUM · $318M to $247M
        Jun 21, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $207M to $255M
        Jun 21, 2022 to Mar 31, 2023
      • Pension RAUM · unset to 152280500.0
        Jun 21, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $318M to $92.6M
        Jun 21, 2022 to Mar 31, 2023
      • RAUM · $525M to $502M
        Jun 21, 2022 to Mar 31, 2023
      Signals
      9 dated events
      • V•••••• I••••••••• •••• I••• reported RAUM $1.5B, up 281% from $385.5M (2025-03-31 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • V•••••• I••••••••• •••• I••• reported RAUM $385.5M, down 30% from $548.3M (2024-10-03 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • Nath Ravindra Thakur (Non-Executive Director) no longer on Schedule A of V•••••• I••••••••• •••• I••• (listed 2023-07-11, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • M•••••• D•••••• Fry (Non-Executive Director) appeared on Schedule A of V•••••• I••••••••• •••• I•••
        Mar 31, 2023 · Control person joined · fact
      • Nath Ravindra Thakur (Non-Executive Director) appeared on Schedule A of V•••••• I••••••••• •••• I•••
        Mar 31, 2023 · Control person joined · fact
      • John Darius Berendji (Non-Executive Director) no longer on Schedule A of V•••••• I••••••••• •••• I••• (listed 2022-06-21, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • P Peter Galloway (Chief Compliance Officer) no longer on Schedule A of V•••••• I••••••••• •••• I••• (listed 2022-03-30, absent 2022-06-21)
        Jun 21, 2022 · Control person left · inference
      • K•••• Law (Non-Executive Director) no longer on Schedule A of V•••••• I••••••••• •••• I••• (listed 2021-07-15, absent 2022-03-30)
        Mar 30, 2022 · Control person left · inference
      • V•••••• I••••••••• •••• I••• reported RAUM $455.4M, up 39% from $328.3M (2019-03-29 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      V••••••INFRA.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      212-681-2910reportedpublic record, Form ADV, Aug 5, 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