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

N•••••••• C••••••

Asset manager (funds and pooled vehicles)Minneapolis, MinnesotaCRD 158003SEC 801-73552websiteIAPD
Legal name N•••••••• C••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Feb 13, 2012 · 32 filings
SEC status approved since Mar 12, 2012
RAUM
$1.0B
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
17
12 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
6
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$1.0B as of Mar 30, 2026
Mar 18, 2013$701M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 18, 20130 then
Employees (5.A)17 as of Mar 30, 2026
Mar 18, 201316 then
Private funds6 as of Mar 30, 2026
Mar 18, 20134 then
RAUM -7.8% over the last fiscal year+8.3% 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
$170MderivedRAUM 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
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-7.8%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-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$1.0B, 6 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.0B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$1.0B for 6 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
      9 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • D••••• T••••••• S•••• · Chief Financial Officer, Chief Compliance Officercontrol
        since 09/2017 · owns less than 5%
      • K•••••••• C••••••••• J••• · Managing Partner, Member, Class Ccontrol
        since 01/2020 · owns 25% to 50%
      • M•••• D••••••• E•••• · Managing Partner; Member, Class Ccontrol
        since 07/2004 · owns 25% to 50%
      • S••••••••• B••••• J•••• · Managing Partner; Member, Class Ccontrol
        since 01/2015 · owns 25% to 50%
      Related persons
      Schedule D 7.A
      • N•••••••• C••••••• L••
        pooled vehicle sponsorn
      • N•••••••• S••• G•• L••
        pooled vehicle sponsorn
      • N•••••••• V• G•• L••
        pooled vehicle sponsorn
      • N•••••••• V•• G•• L••
        pooled vehicle sponsorn
      • N•••••••• V••• G• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Fargo, ND2 employees
      What changed
      consecutive filings, newest first
      • Accounts · 7 to 6
        Jun 20, 2025 to Mar 30, 2026
      • Business name · NORTHSTAR CAPITAL, LLC to NORTHSTAR CAPITAL
        Jun 20, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 7 to 6
        Jun 20, 2025 to Mar 30, 2026
      • Assets in custody · $1.1B to $1.0B
        Jun 20, 2025 to Mar 30, 2026
      • Employees · 16 to 17
        Jun 20, 2025 to Mar 30, 2026
      • Private funds · 7 to 6
        Jun 20, 2025 to Mar 30, 2026
      • Discretionary RAUM · $1.1B to $1.0B
        Jun 20, 2025 to Mar 30, 2026
      • Non-discretionary RAUM · $1.0M to $387,514
        Jun 20, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $1.1B to $1.0B
        Jun 20, 2025 to Mar 30, 2026
      • RAUM · $1.1B to $1.0B
        Jun 20, 2025 to Mar 30, 2026
      • Financial planning clients · unset to
        Apr 29, 2025 to Jun 20, 2025
      • Accounts · 6 to 7
        Apr 4, 2024 to Apr 29, 2025
      • Pooled vehicle clients · 6 to 7
        Apr 4, 2024 to Apr 29, 2025
      • Assets in custody · $917M to $1.1B
        Apr 4, 2024 to Apr 29, 2025
      • Private funds · 6 to 7
        Apr 4, 2024 to Apr 29, 2025
      • Discretionary RAUM · $916M to $1.1B
        Apr 4, 2024 to Apr 29, 2025
      • Non-discretionary RAUM · $1.2M to $1.0M
        Apr 4, 2024 to Apr 29, 2025
      • Pooled vehicle RAUM · $917M to $1.1B
        Apr 4, 2024 to Apr 29, 2025
      • RAUM · $917M to $1.1B
        Apr 4, 2024 to Apr 29, 2025
      • Advisory employees · 10 to 12
        Apr 27, 2023 to Mar 29, 2024
      • Assets in custody · $804M to $917M
        Apr 27, 2023 to Mar 29, 2024
      • Employees · 15 to 16
        Apr 27, 2023 to Mar 29, 2024
      • Discretionary RAUM · $768M to $916M
        Apr 27, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $35.6M to $1.2M
        Apr 27, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $804M to $917M
        Apr 27, 2023 to Mar 29, 2024
      • RAUM · $804M to $917M
        Apr 27, 2023 to Mar 29, 2024
      • Accounts · 5 to 6
        Apr 28, 2022 to Mar 31, 2023
      • Advisory employees · 9 to 10
        Apr 28, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 5 to 6
        Apr 28, 2022 to Mar 31, 2023
      • Assets in custody · $837M to $804M
        Apr 28, 2022 to Mar 31, 2023
      • Employees · 14 to 15
        Apr 28, 2022 to Mar 31, 2023
      • Private funds · 5 to 6
        Apr 28, 2022 to Mar 31, 2023
      • Discretionary RAUM · $812M to $768M
        Apr 28, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $25.4M to $35.6M
        Apr 28, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $837M to $804M
        Apr 28, 2022 to Mar 31, 2023
      • RAUM · $837M to $804M
        Apr 28, 2022 to Mar 31, 2023
      • Accounts · 7 to 5
        Apr 21, 2021 to Mar 30, 2022
      • Pooled vehicle clients · 7 to 5
        Apr 21, 2021 to Mar 30, 2022
      • Assets in custody · $939M to $837M
        Apr 21, 2021 to Mar 30, 2022
      • Private funds · 7 to 5
        Apr 21, 2021 to Mar 30, 2022
      Signals
      2 dated events
      • John Christopher Kocourek (Managing Partner, Member, Class C) appeared on Schedule A of Northstar Capital
        Mar 30, 2020 · Control person joined · fact
      • Northstar Capital reported RAUM $734.7M, up 27% from $576.8M (2018-11-06 to 2019-03-29)
        Mar 29, 2019 · 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/130656reportedpublic record, Form ADV, Sep 18, 2026
      Website
      NORTHSTARCAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      612-371-5700reportedpublic 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