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P••• W••• A•••• M••••••••• L••

Asset manager (funds and pooled vehicles)SEC-registered3 private funds· San Francisco, Californiawebsite

Asset manager (funds and pooled vehicles), based in San Francisco, California, reporting $2.9B of regulatory assets.

Composed from this adviser's Form ADV classification, location and filed figures.

Regulatory AUM
$2.9B
Form ADV
Advisors
0
IAPD
Net advisor flow, 12 months
Not established
RAUM change, last fiscal year
+13%
Form ADV, consecutive annual filings
Private clients
0.0% of RAUM
Form ADV
As of · the latest Form ADV filing; advisor counts and movement are read from IAPD daily
Every filed figure, and the identifiersCRD 157660 · SEC 801-74145 · 33 filingsShow
CRD 157660SEC 801-74145First filing on the tape Feb 14, 2012, latest Aug 14, 2026SEC status approved since Mar 30, 2012IAPD
RAUM
$2.9B
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
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$2.9B as of Aug 14, 2026
Apr 1, 2013$1.6B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 14, 2026
Apr 1, 20130 then
Employees (5.A)20 as of Aug 14, 2026
Apr 1, 201314 then
Private funds3 as of Aug 14, 2026
Apr 1, 20132 then
RAUM +13% over the last fiscal year-0.6% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 14, 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
$318MderivedRAUM 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
+13%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
Custody
$2.9B, 9 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)
  • 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$2.9B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$2.9B for 9 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true 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)
      Owners and control persons
      Schedule A and B, latest filing
      • F•••••• M••••••• V••••••• · Chief Compliance Officer/Senior Legal Officercontrol
        since 11/2023 · owns less than 5%
      • J••••••• G••••• E•••••• · Chief Financial Officercontrol
        since 09/2014 · owns less than 5%
      • P•••• P••••• S••• H•• · Chief Investment Officercontrol
        since 11/2002 · owns less than 5%
      • P•••• P••••• S••• H•• · L•••••• Partercontrol
        since 11/2002 · owns 75% or more of P••• H•••••••• L•
      Entity owners
      • P••• H•••••••• L• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • P••• W••• B••• G• L••
        pooled vehicle sponsorn
      • P••• W••• G• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 12 to 13
        May 16, 2025 to Mar 27, 2026
      • Assets in custody · $2.5B to $2.9B
        May 16, 2025 to Mar 27, 2026
      • Employees · 19 to 20
        May 16, 2025 to Mar 27, 2026
      • Discretionary RAUM · $2.5B to $2.9B
        May 16, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $2.5B to $2.9B
        May 16, 2025 to Mar 27, 2026
      • RAUM · $2.5B to $2.9B
        May 16, 2025 to Mar 27, 2026
      • Advisory employees · 13 to 12
        Mar 28, 2025 to May 16, 2025
      • Financial planning clients · unset to
        Mar 28, 2025 to May 16, 2025
      • Advisory employees · 14 to 13
        Mar 29, 2024 to Mar 28, 2025
      • Assets in custody · $2.5B to $2.5B
        Mar 29, 2024 to Mar 28, 2025
      • Employees · 26 to 19
        Mar 29, 2024 to Mar 28, 2025
      • Discretionary RAUM · $2.5B to $2.5B
        Mar 29, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $2.5B to $2.5B
        Mar 29, 2024 to Mar 28, 2025
      • RAUM · $2.5B to $2.5B
        Mar 29, 2024 to Mar 28, 2025
      • Advisory employees · 16 to 14
        Dec 5, 2023 to Mar 29, 2024
      • Assets in custody · $3.0B to $2.5B
        Dec 5, 2023 to Mar 29, 2024
      • Employees · 30 to 26
        Dec 5, 2023 to Mar 29, 2024
      • Discretionary RAUM · $3.0B to $2.5B
        Dec 5, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $3.0B to $2.5B
        Dec 5, 2023 to Mar 29, 2024
      • RAUM · $3.0B to $2.5B
        Dec 5, 2023 to Mar 29, 2024
      • Other offices · 1 to 0
        Aug 21, 2023 to Dec 5, 2023
      • Assets in custody · $2.9B to $3.0B
        Mar 30, 2023 to Aug 21, 2023
      • HQ city · LARKSPUR to SAN FRANCISCO
        Mar 30, 2023 to Aug 21, 2023
      • Discretionary RAUM · $2.9B to $3.0B
        Mar 30, 2023 to Aug 21, 2023
      • Pooled vehicle RAUM · $2.9B to $3.0B
        Mar 30, 2023 to Aug 21, 2023
      • RAUM · $2.9B to $3.0B
        Mar 30, 2023 to Aug 21, 2023
      • Advisory employees · 17 to 16
        Mar 31, 2022 to Mar 30, 2023
      • Assets in custody · $5.8B to $2.9B
        Mar 31, 2022 to Mar 30, 2023
      • Employees · 28 to 30
        Mar 31, 2022 to Mar 30, 2023
      • Discretionary RAUM · $5.8B to $2.9B
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $5.8B to $2.9B
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $5.8B to $2.9B
        Mar 31, 2022 to Mar 30, 2023
      • Accounts · 8 to 9
        Nov 29, 2021 to Mar 31, 2022
      • Advisory employees · 15 to 17
        Nov 29, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 8 to 9
        Nov 29, 2021 to Mar 31, 2022
      • Assets in custody · $0 to $5.8B
        Nov 29, 2021 to Mar 31, 2022
      • Custody of client assets · false to true
        Nov 29, 2021 to Mar 31, 2022
      • Employees · 25 to 28
        Nov 29, 2021 to Mar 31, 2022
      • Discretionary RAUM · $4.1B to $5.8B
        Nov 29, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $4.1B to $5.8B
        Nov 29, 2021 to Mar 31, 2022
      Signals
      7 dated events
      • ••• Locked
        Aug 14, 2026 · ria principal change · derived
      • ••• Locked
        Aug 14, 2026 · Control person left · inference
      • ••• Locked
        Dec 5, 2023 · Control person left · inference
      • ••• Locked
        Mar 30, 2023 · RAUM change · derived
      • ••• Locked
        Mar 31, 2022 · RAUM change · derived
      • ••• Locked
        Mar 30, 2020 · RAUM change · derived
      • ••• Locked
        Mar 30, 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.
      How to reach
      public business contact points only, each with its source
      Website
      ••• Lockedreportedpublic record, Form ADV, Aug 14, 2026
      Principal office phone
      ••• Lockedreportedpublic record, Form ADV, Aug 14, 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