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

B•• H•••• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 158603SEC 801-73082websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Jan 20, 2012 · 29 filings
SEC status approved since Jan 26, 2012
RAUM
$570M
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
7
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
14
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$570M as of Mar 31, 2026
Mar 27, 2013$285M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 27, 20130 then
Employees (5.A)7 as of Mar 31, 2026
Mar 27, 20136 then
Private funds14 as of Mar 31, 2026
Mar 27, 20135 then
RAUM -34% over the last fiscal year-10.0% 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
$57.0MderivedRAUM 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
-34%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 vehicles, selection of other advisers, otherreportedItem 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)
  • 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$570M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
10reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
      14 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B•• H•••• C•••••• P••••••• I•• L•Private Equity Fund$200M102Mar 29, 2019
      B•• H•••• C•••••• P••••••• V• L•Private Equity Fund$154M148Mar 31, 2022
      B•• H•••• C•••••• P••••••• I•• L•••Private Equity Fund$145M28Mar 28, 2014
      B•• H•••• E••••••• P••••••• I• L•Private Equity Fund$119M2Jan 20, 2012
      B•• H•••• E••••••• P••••••• I•• L•••Private Equity Fund$110M2Mar 28, 2014
      B•• H•••• E••••••• P••••••• I• B• L•Private Equity Fund$79.4M2Jan 20, 2012
      B•• H•••• C•••••• P••••••• I• L•Private Equity Fund$76.1M23Jan 20, 2012
      B•• H•••• C•••••• P••••••• S••• L••Private Equity Fund$66.7M2Mar 31, 2022
      B•• H•••• C•••••• P••••••• V•• L•••Private Equity Fund$10.5M63Mar 28, 2024
      B•• H•••• C•••••• P••••••• I•••• L•Private Equity Fund$8.6M14Mar 31, 2022
      B•• H•••• E••••••• P••••••• I• L•Private Equity Fund$6.5M2Jan 20, 2012
      B•• H•••• C•••••• P••••••• V••• L•Private Equity Fund$6.2M22Mar 28, 2024
      B•• H•••• C•••••• P••••••• I• L•••Private Equity Fund$4.9M19Jan 20, 2012
      B•• H•••• C•••••• P••••••• V•••• L•••Private Equity Fund$123,8387Mar 28, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • M••••••••• L••••• D•••• · Managing Partnercontrol
        since 09/2006 · owns 75% or more
      • B•••••••• B••• · Partner
        since 01/2021 · owns less than 5%
      • R••••••••• K•••••• D•••• · Cco
        since 01/2023 · owns less than 5%
      Related persons
      Schedule D 7.A
      • B••• G• I• L••
        pooled vehicle sponsorn
      • B••• G• I•• L••
        pooled vehicle sponsorn
      • B••• G• I••• L••
        pooled vehicle sponsorn
      • B••• G• I•••• L••
        pooled vehicle sponsorn
      • B••• G• I•• L••
        pooled vehicle sponsorn
      • B••• G• S••• L••
        pooled vehicle sponsorn
      • B••• G• V••• L••
        pooled vehicle sponsorn
      • B••• G• V• L••
        pooled vehicle sponsorn
      • B••• G• V•••• L••
        pooled vehicle sponsorn
      • B••• G• V•• L••
        pooled vehicle sponsorn
      • B••• G• I• L••
        pooled vehicle sponsorn
      • B••• G• I•••• L••
        pooled vehicle sponsorn
      • B••• G• I•• L••
        pooled vehicle sponsorn
      • B••• G• I••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $864,385,000 to $569,785,000 (-34.0%) between the annual amendments of 2025-01-21 and 2026-03-31; the peer median change was +8.0% (673 comparable advisers, 5.0th percentile of changes)
        peers: asset managers, $500M to $1B (673) · 4.9% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 14 to 10
        May 1, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 14 to 10
        May 1, 2025 to Mar 31, 2026
      • Discretionary RAUM · $874M to $570M
        May 1, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $874M to $570M
        May 1, 2025 to Mar 31, 2026
      • RAUM · $874M to $570M
        May 1, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Jan 21, 2025 to May 1, 2025
      • Discretionary RAUM · $864M to $874M
        Jan 21, 2025 to May 1, 2025
      • Pooled vehicle RAUM · $864M to $874M
        Jan 21, 2025 to May 1, 2025
      • RAUM · $864M to $874M
        Jan 21, 2025 to May 1, 2025
      • Accounts · 11 to 14
        Mar 28, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 11 to 14
        Mar 28, 2023 to Mar 28, 2024
      • Private funds · 11 to 14
        Mar 28, 2023 to Mar 28, 2024
      • Discretionary RAUM · $781M to $864M
        Mar 28, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $781M to $864M
        Mar 28, 2023 to Mar 28, 2024
      • RAUM · $781M to $864M
        Mar 28, 2023 to Mar 28, 2024
      • Accounts · 8 to 11
        Mar 2, 2022 to Mar 31, 2022
      • Advisory employees · 6 to 5
        Mar 2, 2022 to Mar 31, 2022
      • Pooled vehicle clients · 8 to 11
        Mar 2, 2022 to Mar 31, 2022
      • Employees · 8 to 7
        Mar 2, 2022 to Mar 31, 2022
      • Private funds · 8 to 11
        Mar 2, 2022 to Mar 31, 2022
      • Discretionary RAUM · $617M to $781M
        Mar 2, 2022 to Mar 31, 2022
      • Pooled vehicle RAUM · $617M to $781M
        Mar 2, 2022 to Mar 31, 2022
      • RAUM · $617M to $781M
        Mar 2, 2022 to Mar 31, 2022
      • Advisory employees · 5 to 6
        Nov 25, 2020 to Mar 24, 2021
      • Employees · 7 to 8
        Nov 25, 2020 to Mar 24, 2021
      • Financial planning clients · 1-10 to unset
        Nov 25, 2020 to Mar 24, 2021
      • Discretionary RAUM · $590M to $617M
        Nov 25, 2020 to Mar 24, 2021
      • Pooled vehicle RAUM · $590M to $617M
        Nov 25, 2020 to Mar 24, 2021
      • RAUM · $590M to $617M
        Nov 25, 2020 to Mar 24, 2021
      • Discretionary RAUM · $552M to $590M
        Mar 29, 2019 to Mar 20, 2020
      • Pooled vehicle RAUM · $552M to $590M
        Mar 29, 2019 to Mar 20, 2020
      • RAUM · $552M to $590M
        Mar 29, 2019 to Mar 20, 2020
      • Accounts · 7 to 8
        Mar 21, 2018 to Mar 29, 2019
      • Pooled vehicle clients · 7 to 8
        Mar 21, 2018 to Mar 29, 2019
      • Private funds · 7 to 8
        Mar 21, 2018 to Mar 29, 2019
      • Discretionary RAUM · $516M to $552M
        Mar 21, 2018 to Mar 29, 2019
      • Pooled vehicle RAUM · $516M to $552M
        Mar 21, 2018 to Mar 29, 2019
      • RAUM · $516M to $552M
        Mar 21, 2018 to Mar 29, 2019
      • Pooled vehicle clients · unset to 7.0
        Mar 22, 2017 to Mar 21, 2018
      • Employees · 8 to 7
        Mar 22, 2017 to Mar 21, 2018
      Signals
      2 dated events
      • B•• H•••• C•••••• M••••••••• L•• reported RAUM $569.8M, down 35% from $873.7M (2025-05-01 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • B•• H•••• C•••••• M••••••••• L•• reported RAUM $780.6M, up 26% from $617.1M (2022-03-02 to 2022-03-31)
        Mar 31, 2022 · 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
      BAYH••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-391-4240reportedpublic 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