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SEC-registered adviser

P•••• A•••••••• L••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 158297SEC 801-74297websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Feb 16, 2012 · 19 filings
SEC status approved since Mar 20, 2012
RAUM
$1.1B
reported, Item 5.F
Discretionary
5.8%
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
10
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$1.1B as of Mar 31, 2026
Mar 22, 2013$1.2B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 22, 20130 then
Employees (5.A)10 as of Mar 31, 2026
Mar 22, 20139 then
Private funds1 as of Mar 31, 2026
Mar 30, 20161 then
RAUM -14% over the last fiscal year-5.0% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
$133MderivedRAUM over accounts (5.F.2.f)
Discretionary
5.8%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
-14%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, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, 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
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$961M90%
  • Other investment advisers$100M9.4%
  • Corporations and businesses$1.1M0.1%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
8reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, 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
      11 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P•••• R•• M••••• F••• L•no longer reportedHedge Fund$169M7Mar 29, 2018
      P•••• F••• P••••••• S••• S••••••••• P•••••••• N•• •• •••••Hedge Fund$125M4Mar 29, 2022
      P•••• F••• P••••••• S••••••••• P•••••••• I• •••••no longer reportedHedge Fund$97.4M1Mar 30, 2016
      P•••• F••• P••••••• S••• S••••••••• P•••••••• N•• ••Hedge Fund$76.2M6Mar 29, 2022
      P•••• F••• P••••••• I• S••• S••••••••• P•••••••• U• •••••no longer reportedHedge Fund$65.1M10Mar 31, 2017
      P•••• F••• P••••••• S••• S••••••••• P•••••••• N•• •• •••••Hedge Fund$36.6M1Mar 26, 2020
      P•••• F••• P••••••• S••• S••••••••• P•••••••• G••••• •••••no longer reportedHedge Fund$33.5M1Mar 31, 2017
      P•••• F••• P••••••• S••• S••••••••• P•••••••• N•• •• •••••Hedge Fund$18.0M1Mar 25, 2021
      P• T••• R••• H•••• F••• L••no longer reportedHedge Fund$14.6M3May 22, 2014
      P•••• F••• P••••••• S•• • S••••••••• P•••••••• N•• 1• M•••••Hedge Fund$13.0M4Mar 29, 2023
      P•••• F••• P••••••• S••• S••••••••• P•••••••• N•• ••Hedge Fund$12.7M6Mar 29, 2023
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••••• A•• · Principalcontrol
        since 02/2010 · owns less than 5%
      • S•••••••• J•••• · Chief Operating Officercontrol
        since 02/2010 · owns less than 5%
      • B•••••••• A•• · Membercontrol
        since 02/2010 · owns 75% or more of P•••• M••••••• L••
      • B•••••••• A•• · Membercontrol
        since 02/2010 · owns F of P•••• P•••••••• L••
      • W•••••• L••••• V••••••• · Chief Compliance Officer
        since 02/2016 · owns less than 5%
      • A••••••• M•••• D•••• · Trustee
        since 03/2019 · owns F of T•• B••••••• C••••••••• T••••
      • A••••••• M•••• D•••• · Trustee
        since 03/2019 · owns F of A••• F••••• T••••
      • B•••••••• I•••• M•••• D••••••• · Trustee
        since 12/1995 · owns F of T•• B••••••• C••••••••• T••••
      Entity owners
      • P•••• M••••••• L•• · Member
        direct · owns 5% to 10%
      • P•••• P•••••••• L•• · Member
        direct · owns 75% or more
      • A••• F••••• P•••••••• L•• · Member
        indirect · owns 50% to 75% of P•••• P•••••••• L••
      • A••• F••••• T•••• · Owner Of 99% Of A••• F••••• P•••••••• L••
        indirect · owns 75% or more of A••• F••••• P•••••••• L••
      • C•••••••• M••••••••• • B••••••• S••••••• L•••••• ••••• · Trustee
        indirect · owns F of A••• F••••• T••••
      • T•• B••••••• C••••••••• T•••• · Member
        indirect · owns 25% to 50% of P•••• P•••••••• L••
      Related persons
      Schedule D 7.A
      No related person reported.
      Advisers that list P•••• A•••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Cedarhurst, NY3 employees
      What changed
      consecutive filings, newest first
      • Accounts · 7 to 8
        Jan 7, 2026 to Mar 31, 2026
      • Advisory employees · 3 to 2
        Jan 7, 2026 to Mar 31, 2026
      • Pooled vehicle clients · 6 to 4
        Jan 7, 2026 to Mar 31, 2026
      • Employees · 11 to 10
        Jan 7, 2026 to Mar 31, 2026
      • Private funds · 3 to 1
        Jan 7, 2026 to Mar 31, 2026
      • Discretionary RAUM · $234M to $61.2M
        Jan 7, 2026 to Mar 31, 2026
      • Non-discretionary RAUM · $1.0B to $1.0B
        Jan 7, 2026 to Mar 31, 2026
      • Pooled vehicle RAUM · $1.1B to $961M
        Jan 7, 2026 to Mar 31, 2026
      • RAUM · $1.2B to $1.1B
        Jan 7, 2026 to Mar 31, 2026
      • Accounts · 10 to 7
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 8 to 6
        Mar 28, 2024 to Mar 31, 2025
      • Employees · 12 to 11
        Mar 28, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 31, 2025
      • Private funds · 5 to 3
        Mar 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $276M to $234M
        Mar 28, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $614M to $1.0B
        Mar 28, 2024 to Mar 31, 2025
      • Pension RAUM · 12559984.0 to unset
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $777M to $1.1B
        Mar 28, 2024 to Mar 31, 2025
      • RAUM · $890M to $1.2B
        Mar 28, 2024 to Mar 31, 2025
      • Employees · 11 to 12
        Jun 30, 2023 to Mar 28, 2024
      • Private funds · 6 to 5
        Jun 30, 2023 to Mar 28, 2024
      • Discretionary RAUM · $437M to $276M
        Jun 30, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $800M to $614M
        Jun 30, 2023 to Mar 28, 2024
      • Pension RAUM · $156M to $12.6M
        Jun 30, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $980M to $777M
        Jun 30, 2023 to Mar 28, 2024
      • RAUM · $1.2B to $890M
        Jun 30, 2023 to Mar 28, 2024
      • Accounts · 7 to 10
        Mar 29, 2022 to Mar 29, 2023
      • Advisory employees · 4 to 3
        Mar 29, 2022 to Mar 29, 2023
      • Pooled vehicle clients · 5 to 8
        Mar 29, 2022 to Mar 29, 2023
      • Private funds · 4 to 6
        Mar 29, 2022 to Mar 29, 2023
      • Discretionary RAUM · $378M to $437M
        Mar 29, 2022 to Mar 29, 2023
      • Pension RAUM · $177M to $156M
        Mar 29, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $900M to $980M
        Mar 29, 2022 to Mar 29, 2023
      • RAUM · $1.2B to $1.2B
        Mar 29, 2022 to Mar 29, 2023
      • Advisory employees · 5 to 4
        Apr 27, 2021 to Mar 29, 2022
      • Employees · 13 to 11
        Apr 27, 2021 to Mar 29, 2022
      • Private funds · 3 to 4
        Apr 27, 2021 to Mar 29, 2022
      • Discretionary RAUM · $508M to $378M
        Apr 27, 2021 to Mar 29, 2022
      • Non-discretionary RAUM · $600M to $800M
        Apr 27, 2021 to Mar 29, 2022
      • Pension RAUM · $252M to $177M
        Apr 27, 2021 to Mar 29, 2022
      Signals
      2 dated events
      • P•••• A•••••••• L•• reported RAUM $1.2B, up 39% from $890.0M (2024-03-28 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • P•••• A•••••••• L•• reported RAUM $890.0M, down 28% from $1.2B (2023-06-30 to 2024-03-28)
        Mar 28, 2024 · 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
      P••••.COMreportedpublic record, Form ADV, Sep 21, 2026
      Principal office phone
      212-688-8800reportedpublic record, Form ADV, Mar 31, 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