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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
V•• P••••••• I•• L••
Latest filing Jul 21, 2026
First filing on the tape Feb 14, 2012 · 30 filings
SEC status approved since Mar 29, 2012
RAUM
$3.2B
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
36
30 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
28
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$3.2B as of Jul 21, 2026
Mar 22, 2013$728M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jul 21, 2026
Mar 22, 20130 then
Employees (5.A)36 as of Jul 21, 2026
Mar 22, 201314 then
Private funds28 as of Jul 21, 2026
Mar 22, 201310 then
RAUM -6.4% over the last fiscal year+3.0% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 21, 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
- $113MderivedRAUM 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
- -6.4%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
- $1.8B, 28 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)
- 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 testimonials (5.L.1.c)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$3.2B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 28reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.8B for 28 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=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
40 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| V•• P••••••• V• L••• | Private Equity Fund | $596M | 59 | Mar 30, 2021 |
| V•• T•••••• V• L••• | Private Equity Fund | $441M | 38 | Mar 31, 2022 |
| V•• C••••••• I•• L••• | Private Equity Fund | $385M | 38 | Mar 31, 2022 |
| V•• C•••••••• L••• | Private Equity Fund | $383M | 56 | Dec 4, 2019 |
| V•• P••••••• I•• L••• | Private Equity Fund | $242M | 43 | Mar 29, 2018 |
| V•• P••••••• I••• L••• | Private Equity Fund | $206M | 42 | Mar 23, 2016 |
| V•• T•••••• I•• L••• | Private Equity Fund | $164M | 32 | Mar 27, 2020 |
| V•• T•••••• I••• L••• | Private Equity Fund | $127M | 30 | Mar 23, 2016 |
| V•• S•••• B•••••• C••••••••• L••• | Private Equity Fund | $86.8M | 8 | Mar 27, 2017 |
| V•• T••••••••• V• L••• | Private Equity Fund | $79.7M | 20 | Mar 31, 2022 |
| V•• T••••••••• I•• L••• | Private Equity Fund | $78.9M | 10 | Mar 27, 2020 |
| V•• T••••••••• I••• L••• | Private Equity Fund | $47.2M | 12 | Mar 23, 2016 |
| V•• P••••••• M•••••• C••••• V• L••• | Private Equity Fund | $30.3M | 45 | Mar 30, 2021 |
| V•• P••••••• I•• L••• | Private Equity Fund | $25.0M | 31 | Feb 14, 2012 |
| V•• N••••• C••••••••• L••• | Private Equity Fund | $23.7M | 2 | Mar 31, 2022 |
| V•• E••••• P•••••••• L•••no longer reported | Private Equity Fund | $23.2M | 35 | Feb 14, 2012 |
| V•• A•••••• H•••••••• L•• | Private Equity Fund | $13.7M | 126 | Mar 28, 2019 |
| V•• P••••••• M•••••• C••••• I•• L••• | Private Equity Fund | $12.4M | 17 | Mar 29, 2018 |
| V•• P••••••• M•••••• C••••• I••• L••• | Private Equity Fund | $7.6M | 12 | Mar 23, 2016 |
| V•• C••••••• M•••••• C••••• I•• L••• | Private Equity Fund | $6.2M | 44 | Mar 31, 2022 |
| V•• T• A••••••••• C••••••• L••no longer reported | Private Equity Fund | $5.0M | 1 | Feb 14, 2012 |
| V•• P••••••• I• C•••••••• L••• | Private Equity Fund | $4.3M | 29 | Mar 29, 2018 |
| V•• T••••••• L•••no longer reported | Private Equity Fund | $2.1M | 27 | Feb 14, 2012 |
| V•• S• D••••••••• H•••••••• L•• | Private Equity Fund | $1.2M | 5 | Mar 28, 2019 |
| V•• S•••• C••••••••• P••••••••• L•••no longer reported | Private Equity Fund | $1.1M | 2 | Feb 14, 2012 |
| V•• B••• H•••••• L••no longer reported | Private Equity Fund | $391,792 | 2 | Mar 28, 2019 |
| V•• T•• E•••••• L•••no longer reported | Private Equity Fund | $321,739 | 8 | Feb 14, 2012 |
| V•• T•••••• I•• L••• | Private Equity Fund | $320,816 | 24 | Mar 22, 2013 |
| V•• T•• E••••• I•• L••• | Private Equity Fund | $256,506 | 12 | Mar 22, 2013 |
| V•• P• H•••••••• L••no longer reported | Private Equity Fund | $231,782 | 5 | Mar 28, 2019 |
| V•• G••••• G••••• H•••••••• L•• | Private Equity Fund | $93,003 | 3 | Mar 28, 2024 |
| V•• V••••• C••••••••• L•••no longer reported | Private Equity Fund | $86,038 | 5 | Apr 24, 2015 |
| V•• B••••••••• H•••••••• L•• | Private Equity Fund | $63,308 | 3 | Mar 31, 2023 |
| V•• V••••• H•••••••• L••no longer reported | Private Equity Fund | $61,131 | 4 | Mar 28, 2019 |
| V•• D•••••• M•••••• B••••• H•••••••• L•• | Private Equity Fund | $58,410 | 4 | Mar 31, 2023 |
| V•• N••••••• B••••• H•••••••• L••no longer reported | Private Equity Fund | $51,756 | 3 | Mar 28, 2019 |
| V•• P•••••• B••• H•••••••• L•• | Private Equity Fund | $25,072 | 3 | Mar 31, 2023 |
| V•• E••••••• C••••••••• P••••••••• L•••no longer reported | Private Equity Fund | $9,058 | 7 | Feb 14, 2012 |
| V•• M•••••• H••••••• H•••••••• L•• | Private Equity Fund | $6,785 | 4 | Mar 31, 2023 |
| V•• W••••• T•••• C••••••••• P••••••••• L•••no longer reported | Private Equity Fund | $0 | 5 | Feb 14, 2012 |
Owners and control persons
Schedule A and B, latest filing
- M••••• M••••••• L••••••• · Officercontrolsince 04/2012 · owns less than 5%
- S•••••••• C••••• D•••••• · Officercontrolsince 11/2021 · owns less than 5%
- T•••• R••••• •••• · Officercontrolsince 07/2019 · owns less than 5%
- W•• W••••• K•••• · Officercontrolsince 07/2019 · owns less than 5%
- M••••• M••••••• L••••••• · Member, Managing Membercontrolsince 10/2022 · owns 50% to 75% of V•• M••••••••• F••••• G•• L••
- M••••• M••••••• L••••••• · Limited Partnercontrolsince 10/2022 · owns 50% to 75% of V•• M••••••••• F•••••• L•••
- S•••••••• C••••• D•••••• · Managing Membercontrolsince 10/2022 · owns F of V•• M••••••••• F••••• G•• L••
- T•••• R••••• •••• · Managing Membercontrolsince 10/2022 · owns F of V•• M••••••••• F••••• G•• L••
- W•• W••••• K•••• · Managing Membercontrolsince 10/2022 · owns F of V•• M••••••••• F••••• G•• L••
- E••••••••• E••••• M•••• · Chief Compliance Officersince 08/2018 · owns less than 5%
- H•••• A••••• S•••• · Chief Financial Officersince 01/2019 · owns less than 5%
Entity owners
- V•• M••••••••• H•••••• L•• · Sole Memberdirect · owns 75% or more
- V•• M••••••••• F••••• G•• L•• · General Partnerindirect · owns F of V•• M••••••••• F•••••• L•••
- V•• M••••••••• F•••••• L••• · Memberindirect · owns 75% or more of V•• M••••••••• H•••••• L••
Related persons
Schedule D 7.A
- V•• C••••••• G•• L•••pooled vehicle sponsorn
- V•• C••••••• I• G•• L•••pooled vehicle sponsorn
- V•• P••••••• I• G•• L•••pooled vehicle sponsorn
- V•• P••••••• I•• G•• L•••pooled vehicle sponsorn
- V•• P••••••• I• G•• L•••pooled vehicle sponsorn
- V•• P••••••• V• G•• L•••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 30 to 28Mar 28, 2025 to Mar 31, 2026
- Advisory employees · 34 to 30Mar 28, 2025 to Mar 31, 2026
- Pooled vehicle clients · 30 to 28Mar 28, 2025 to Mar 31, 2026
- Assets in custody · $1.7B to $1.8BMar 28, 2025 to Mar 31, 2026
- Employees · 39 to 36Mar 28, 2025 to Mar 31, 2026
- Private funds · 30 to 28Mar 28, 2025 to Mar 31, 2026
- Discretionary RAUM · $3.4B to $3.2BMar 28, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $3.4B to $3.2BMar 28, 2025 to Mar 31, 2026
- RAUM · $3.4B to $3.2BMar 28, 2025 to Mar 31, 2026
- Accounts · 28 to 30May 17, 2024 to Mar 28, 2025
- Advisory employees · 31 to 34May 17, 2024 to Mar 28, 2025
- Pooled vehicle clients · 28 to 30May 17, 2024 to Mar 28, 2025
- Assets in custody · $2.0B to $1.7BMay 17, 2024 to Mar 28, 2025
- Employees · 36 to 39May 17, 2024 to Mar 28, 2025
- Financial planning clients · unset to May 17, 2024 to Mar 28, 2025
- Private funds · 28 to 30May 17, 2024 to Mar 28, 2025
- Discretionary RAUM · $3.0B to $3.4BMay 17, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $3.0B to $3.4BMay 17, 2024 to Mar 28, 2025
- RAUM · $3.0B to $3.4BMay 17, 2024 to Mar 28, 2025
- Other offices · 1 to 0Mar 28, 2024 to May 17, 2024
- Accounts · 29 to 28Mar 31, 2023 to Mar 28, 2024
- Advisory employees · 34 to 31Mar 31, 2023 to Mar 28, 2024
- Pooled vehicle clients · 29 to 28Mar 31, 2023 to Mar 28, 2024
- Assets in custody · $1.8B to $2.0BMar 31, 2023 to Mar 28, 2024
- Employees · 39 to 36Mar 31, 2023 to Mar 28, 2024
- Private funds · 29 to 28Mar 31, 2023 to Mar 28, 2024
- Discretionary RAUM · $2.9B to $3.0BMar 31, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $2.9B to $3.0BMar 31, 2023 to Mar 28, 2024
- RAUM · $2.9B to $3.0BMar 31, 2023 to Mar 28, 2024
- Accounts · 25 to 29Nov 16, 2022 to Mar 31, 2023
- Advisory employees · 37 to 34Nov 16, 2022 to Mar 31, 2023
- Pooled vehicle clients · 25 to 29Nov 16, 2022 to Mar 31, 2023
- Assets in custody · $1.7B to $1.8BNov 16, 2022 to Mar 31, 2023
- Employees · 42 to 39Nov 16, 2022 to Mar 31, 2023
- Private funds · 25 to 29Nov 16, 2022 to Mar 31, 2023
- Discretionary RAUM · $3.2B to $2.9BNov 16, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $3.2B to $2.9BNov 16, 2022 to Mar 31, 2023
- RAUM · $3.2B to $2.9BNov 16, 2022 to Mar 31, 2023
- Accounts · 21 to 25Jan 18, 2022 to Mar 31, 2022
- Advisory employees · 28 to 37Jan 18, 2022 to Mar 31, 2022
Signals
6 dated events
- Douglas Carle Stenmark (Managing Member) appeared on Schedule A of V•• P••••••• I•• L••Jan 18, 2022 · Control person joined · fact
- Marie Kara Roell (Managing Member) no longer on Schedule A of V•• P••••••• I•• L•• (listed 2021-08-03, absent 2021-11-15)Nov 15, 2021 · Control person left · inference
- V•• P••••••• I•• L•• reported RAUM $2.7B, up 63% from $1.7B (2020-03-27 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- (Nmn) Robin Tsai (Managing Member) appeared on Schedule A of V•• P••••••• I•• L••Jul 11, 2019 · Control person joined · fact
- Keith Wayne Wu (Managing Member) appeared on Schedule A of V•• P••••••• I•• L••Jul 11, 2019 · Control person joined · fact
- V•• P••••••• I•• L•• reported RAUM $1.9B, up 76% from $1.1B (2017-03-27 to 2018-03-29)Mar 29, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- V•• P••••••• I•• L•• · Independent Sponsorsshared crd · capital_provider
- V•• P••••••• I•• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- H••••://WWW.LINKEDIN.COM/COMPANY/UNFINISHED-BIZreportedpublic record, Form ADV, Sep 18, 2026
- Firm profile
- H••••://WWW.LINKEDIN.COM/COMPANY/VMG-PARTNERSreportedpublic record, Form ADV, Sep 18, 2026
- Website
- VMGPARTNERS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 415-632-4200reportedpublic record, Form ADV, Jul 21, 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