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
N•••••••• C•••••• M••••••••• L•••••
Latest filing Mar 31, 2026
First filing on the tape Feb 14, 2012 · 30 filings
SEC status approved since Mar 30, 2012
RAUM
$1.5B
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
18
18 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
13
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$1.5B as of Mar 31, 2026
Apr 1, 2013$521M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Apr 1, 20130 then
Employees (5.A)18 as of Mar 31, 2026
Apr 1, 201310 then
Private funds13 as of Mar 31, 2026
Apr 1, 20131 then
RAUM -7.0% over the last fiscal year-6.0% 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
- $106MderivedRAUM 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
- -7.0%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
- yesreportedItem 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 hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$1.5B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 14reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $0 for 0 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
46 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| N•••••••• P••••• O••••••••• F••• V• L••• | Private Equity Fund | $656M | 18 | Mar 29, 2018 |
| N•••••••• P••••• O••••••••• F••• V• ••••••••• L••• | Private Equity Fund | $380M | 6 | Mar 29, 2018 |
| N•••••••• C••••••••• F••• V•••• L••• | Private Equity Fund | $228M | 51 | Mar 31, 2019 |
| N•••••••• C••••••••• F••• I• L•••no longer reported | Private Equity Fund | $195M | 17 | Mar 27, 2014 |
| N•••••••• P••••• O••••••••• F••• I•• L••• | Private Equity Fund | $181M | 36 | Mar 30, 2016 |
| N•••••••• A••••• H••••• O••••••••• F••• A••••••••• L••• | Private Equity Fund | $132M | 2 | Mar 31, 2022 |
| N• P•••••• P••••••• L••• | Private Equity Fund | $130M | 20 | Mar 31, 2023 |
| N•••••••• P••••• O••••••••• F••• I• A••••••••• L••• | Private Equity Fund | $118M | 2 | Mar 31, 2019 |
| N•••••••• A••••• H••••• O••••••••• F••• ••••••••• L••• | Private Equity Fund | $117M | 1 | Mar 31, 2022 |
| N•• S•• I•• L••• | Private Equity Fund | $95.0M | 20 | Mar 30, 2020 |
| N•••••••• P••••• O••••••••• F••• V•• L••• | Private Equity Fund | $88.1M | 2 | Mar 29, 2024 |
| N•• A•• I• L••• | Private Equity Fund | $87.8M | 6 | Mar 31, 2019 |
| N• P•••••• B••••••••• L••• | Private Equity Fund | $85.6M | 20 | Mar 31, 2023 |
| N• P•••••• G••••••• L••• | Private Equity Fund | $83.9M | 20 | Mar 31, 2023 |
| N•••••••• C••••••••• F••• X••• L••• | Private Equity Fund | $72.8M | 20 | Mar 31, 2022 |
| N•••••••• P••••• O••••••••• F••• I• ••••••••• L••• | Private Equity Fund | $67.2M | 1 | Mar 30, 2016 |
| N•••••••• C••••••••• F••• I•• L••• | Private Equity Fund | $66.7M | 20 | Mar 30, 2020 |
| N•• S•• I• L••• | Private Equity Fund | $63.1M | 51 | Mar 31, 2019 |
| N•••••••• C••••••••• F••• X••••• L••• | Private Equity Fund | $54.1M | 20 | Mar 31, 2022 |
| N• P•••••• P••••••• L••• | Private Equity Fund | $53.2M | 20 | Mar 31, 2023 |
| N•••••••• C••••••••• F••• V••• L••• | Private Equity Fund | $51.9M | 51 | Mar 31, 2019 |
| N•••••••• C••••••••• F••• X•••• L••• | Private Equity Fund | $50.6M | 51 | Mar 31, 2023 |
| N•••••••• P••••• O••••••••• F••• I••• L••• | Private Equity Fund | $48.1M | 14 | Feb 14, 2012 |
| N• C••• A••••••••• L••• | Private Equity Fund | $46.6M | 2 | Mar 31, 2022 |
| N• P•••••• S••••••• L••• | Private Equity Fund | $40.9M | 51 | Mar 31, 2023 |
| N•••••••• C••••••••• F••• I••• L••• | Private Equity Fund | $32.5M | 41 | Mar 30, 2016 |
| N•••••••• P••••• O••••••••• F••• I•• A••••••••• L••• | Private Equity Fund | $31.7M | 1 | Mar 31, 2019 |
| N•••••••• C••••••••• F••• V•• L••• | Private Equity Fund | $31.2M | 37 | Mar 29, 2018 |
| N•••••••• C••••••••• F••• X••• L•••no longer reported | Private Equity Fund | $30.8M | 51 | Mar 30, 2021 |
| N•••••••• C••••••••• F••• X•• L••• | Private Equity Fund | $30.5M | 20 | Mar 30, 2020 |
| N•••••••• P••••• O••••••••• F••• I• ••••••••• L••• | Private Equity Fund | $26.6M | 2 | Mar 30, 2017 |
| N•••••••• C••••••••• F••• X•••• L••• | Private Equity Fund | $24.2M | 20 | Mar 30, 2021 |
| N•••••••• P••••• O••••••••• F••• I• ••••••••• L••• | Private Equity Fund | $23.7M | 1 | Mar 30, 2016 |
| N• A• P•••••• A•••••••• I•• L••• | Private Equity Fund | $18.6M | 2 | Mar 31, 2023 |
| N•••••••• C••••••••• • R•••• L••• | Private Equity Fund | $17.8M | 37 | Mar 31, 2019 |
| N•••••••• C••••••••• F••• X•• L••• | Private Equity Fund | $15.1M | 20 | Mar 31, 2022 |
| N• P•••••• L•••••••• L••• | Private Equity Fund | $11.8M | 20 | Mar 29, 2024 |
| N•••••••• A••••• H••••• O••••••••• F•••• L••• | Private Equity Fund | $8.6M | 1 | Mar 31, 2022 |
| N•••••••• C••••••••• F••• X• L••• | Private Equity Fund | $4.9M | 20 | Mar 30, 2020 |
| N•••••••• P••••• O••••••••• F••• I• ••••••••• L••• | Private Equity Fund | $2.6M | 2 | Mar 31, 2019 |
Owners and control persons
Schedule A and B, latest filing
- B••••••• M••••••• J•••• · Member, Chief Investment Officer, Management Committee Membercontrolsince 07/2023 · owns less than 5%
- B••••• E•••••• G••••• · Management Committee Membercontrolsince 11/2010 · owns less than 5%
- H•••••• R•••••• W•••• · Member, Chief Financial Officer, Executive Vice Presidentcontrolsince 11/2010 · owns less than 5%
- J•••••• P••••••• B••••• · Member, Managing Partner, Chief Operating Officer, Management Committee Membercontrolsince 04/2021 · owns less than 5%
- M••••• B••••• E•••••• · Member, Chief Administrative Officer, Management Committee Membercontrolsince 01/2020 · owns less than 5%
- O•••••• Y•••••••• · Management Committee Membercontrolsince 08/2024 · owns less than 5%
- G•••••••• D•••••• B•••• · Shareholdercontrolsince 01/2022 · owns 75% or more of G• M••••••••• H••••••• I•••
- G•••••••• M••••••• · Shareholdercontrolsince 01/2022 · owns 25% to 50% of G• M••••••••• H••••••• I•••
- H•••••• D••••• W•••• · Chief Compliance Officersince 01/2024 · owns less than 5%
Entity owners
- P•••••••• D••••••••• I••• · Memberdirect · owns 50% to 75%
- G• M••••••••• H••••••• I••• · Shareholderindirect · owns 75% or more of P•••••••• D••••••••• I•••
- M••••• • C••• L••• · Shareholderindirect · owns 75% or more of M•• P••••••••• I••• · public reporting company
- M•• P••••••••• I••• · Memberdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- G•• C•••••• M••••••••• L••••••investment advisern
- G•• C•••••• P••••••• L••investment advisern
- N• A• I• G•• L•••pooled vehicle sponsorn
- N• A• I• G•• L•••pooled vehicle sponsorn
- N• F••• I•• A•• I• G•• L••pooled vehicle sponsory
- N• H••• G•••••• P••••••• L•••pooled vehicle sponsorn
- N• H••• G•• L•••pooled vehicle sponsorn
- N• P•• I•• G•• L••pooled vehicle sponsorn
- N• P•• I• G•• L•••pooled vehicle sponsorn
- N• P•• I• G•• L••pooled vehicle sponsorn
- N• P•• I• G•• L•••pooled vehicle sponsorn
- N• P•• V• G• ••••••••• L••pooled vehicle sponsorn
- N• P•• V• G•• L•••pooled vehicle sponsorn
- N• P•• V• G•• L•••pooled vehicle sponsorn
- N• P•• V• G•• L•pooled vehicle sponsorn
- N• P•• V• G•• L•••pooled vehicle sponsorn
- N•• S•• I• G•• L••pooled vehicle sponsorn
- Q•• C••••••• L•••investment advisernRAUM $4.6B
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- compensation changedChange between filings · filing Mar 31, 2026performance-based compensation (Item 5.E.6): no on the filing of 2025-11-14, yes on the filing of 2026-03-31peers: asset managers, $1B to $5B (1,506)
What changed
consecutive filings, newest first
- Accounts · 37 to 14Nov 14, 2025 to Mar 31, 2026
- Advisory employees · 22 to 18Nov 14, 2025 to Mar 31, 2026
- clients p••••d vehicles · 37 to 14Nov 14, 2025 to Mar 31, 2026
- Employees · 22 to 18Nov 14, 2025 to Mar 31, 2026
- Private funds · 36 to 13Nov 14, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.6B to $1.5BNov 14, 2025 to Mar 31, 2026
- raum p••••d vehicles · $1.6B to $1.5BNov 14, 2025 to Mar 31, 2026
- RAUM · $1.6B to $1.5BNov 14, 2025 to Mar 31, 2026
- Advisory employees · 17 to 22Mar 31, 2025 to Nov 14, 2025
- Employees · 17 to 22Mar 31, 2025 to Nov 14, 2025
- HQ city · RALEIGH to Mar 31, 2025 to Nov 14, 2025
- HQ state · NC to Mar 31, 2025 to Nov 14, 2025
- Accounts · 40 to 37Oct 11, 2024 to Mar 31, 2025
- Advisory employees · 25 to 17Oct 11, 2024 to Mar 31, 2025
- clients p••••d vehicles · 40 to 37Oct 11, 2024 to Mar 31, 2025
- Custody of client assets · false to trueOct 11, 2024 to Mar 31, 2025
- Employees · 26 to 17Oct 11, 2024 to Mar 31, 2025
- Financial planning clients · unset to Oct 11, 2024 to Mar 31, 2025
- Private funds · 39 to 36Oct 11, 2024 to Mar 31, 2025
- Discretionary RAUM · $1.8B to $1.6BOct 11, 2024 to Mar 31, 2025
- raum p••••d vehicles · $1.8B to $1.6BOct 11, 2024 to Mar 31, 2025
- RAUM · $1.8B to $1.6BOct 11, 2024 to Mar 31, 2025
- Accounts · 39 to 40Feb 29, 2024 to Mar 29, 2024
- Advisory employees · 28 to 25Feb 29, 2024 to Mar 29, 2024
- clients p••••d vehicles · 39 to 40Feb 29, 2024 to Mar 29, 2024
- Employees · 29 to 26Feb 29, 2024 to Mar 29, 2024
- Private funds · 38 to 39Feb 29, 2024 to Mar 29, 2024
- Discretionary RAUM · $1.8B to $1.8BFeb 29, 2024 to Mar 29, 2024
- raum p••••d vehicles · $1.8B to $1.8BFeb 29, 2024 to Mar 29, 2024
- RAUM · $1.8B to $1.8BFeb 29, 2024 to Mar 29, 2024
- Accounts · 35 to 39Mar 31, 2022 to Mar 31, 2023
- clients p••••d vehicles · 35 to 39Mar 31, 2022 to Mar 31, 2023
- Private funds · 33 to 38Mar 31, 2022 to Mar 31, 2023
- Discretionary RAUM · $2.2B to $1.8BMar 31, 2022 to Mar 31, 2023
- raum p••••d vehicles · $2.2B to $1.8BMar 31, 2022 to Mar 31, 2023
- RAUM · $2.2B to $1.8BMar 31, 2022 to Mar 31, 2023
- Accounts · 32 to 35Jun 30, 2021 to Mar 31, 2022
- Advisory employees · 26 to 28Jun 30, 2021 to Mar 31, 2022
- clients p••••d vehicles · 32 to 35Jun 30, 2021 to Mar 31, 2022
- Employees · 26 to 29Jun 30, 2021 to Mar 31, 2022
Signals
28 dated events
- E••••• J••••••• T••••••••• (Member, Founding Partner) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2024-04-15, absent 2024-09-03)Sep 3, 2024 · Control person left · inference
- H••••••• T••••• (Management Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2024-04-15, absent 2024-09-03)Sep 3, 2024 · Control person left · inference
- Y•••••••• O••••• (Management Committee Member) appeared on Schedule A of N•••••••• C•••••• M••••••••• L•••••Sep 3, 2024 · Control person joined · fact
- J••• R••••• W••••• (Member, Senior Founding Partner, Management Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2024-02-29, absent 2024-03-29)Mar 29, 2024 · Control person left · inference
- E••••• J•••• C•••• (Member, G•••••• Counsel & Chief Compliance Officer) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2023-11-20, absent 2024-02-29)Feb 29, 2024 · Control person left · inference
- J•••• M•••••• B•••••• (Member, Chief Investment Officer) appeared on Schedule A of N•••••••• C•••••• M••••••••• L•••••Nov 20, 2023 · Control person joined · fact
- L••••• J••• B•••••• (Member, Founding Partner, Management Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2023-08-01, absent 2023-11-20)Nov 20, 2023 · Control person left · inference
- B••••• P•••••• J••••• (Member, Managing Partner, Chief Operating Officer) appeared on Schedule A of N•••••••• C•••••• M••••••••• L•••••Mar 31, 2022 · Control person joined · fact
- M••••••• G••••••• (Shareholder) appeared on Schedule A of N•••••••• C•••••• M••••••••• L•••••Mar 31, 2022 · Control person joined · fact
- R••••• U•••••• (Management Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2021-03-30, absent 2021-06-30)Jun 30, 2021 · Control person left · inference
- H••••••• T••••• (Management Committee Member) appeared on Schedule A of N•••••••• C•••••• M••••••••• L•••••Jun 30, 2021 · Control person joined · fact
- S•••• J•••••• E•••••• (Investment Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2020-05-15, absent 2020-06-11)Jun 11, 2020 · Control person left · inference
- M••••• I•••••• (Management Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2020-05-15, absent 2020-06-11)Jun 11, 2020 · Control person left · inference
- A••••• E••••• P•••• (Investment Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2020-05-15, absent 2020-06-11)Jun 11, 2020 · Control person left · inference
- S••••• K••••• (Investment Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2020-05-15, absent 2020-06-11)Jun 11, 2020 · Control person left · inference
- L••••• R•••• D•••••••• (Investment Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2020-05-15, absent 2020-06-11)Jun 11, 2020 · Control person left · inference
- D•••• M•••••• S••••••• (Investment Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2020-05-15, absent 2020-06-11)Jun 11, 2020 · Control person left · inference
- R••••• U•••••• (Management Committee Member) appeared on Schedule A of N•••••••• C•••••• M••••••••• L•••••Jun 11, 2020 · Control person joined · fact
- E••••• J•••• C•••• (G•••••• Counsel & Chief Compliance Officer) appeared on Schedule A of N•••••••• C•••••• M••••••••• L•••••May 15, 2020 · Control person joined · fact
- A••• G•••••• D•••• (Chief Compliance Officer / G•••••• Counsel) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2020-03-30, absent 2020-05-15)May 15, 2020 · Control person left · inference
- G•••••• P••••••• (Investment Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2019-03-31, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- N•••••••• C•••••• M••••••••• L••••• reported RAUM $2.7B, up 28% from $2.1B (2019-03-31 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- A••••• E••••• P•••• (Investment Committee Member) appeared on Schedule A of N•••••••• C•••••• M••••••••• L•••••Mar 30, 2020 · Control person joined · fact
- S••••• K••••• (Investment Committee Member) appeared on Schedule A of N•••••••• C•••••• M••••••••• L•••••Mar 30, 2020 · Control person joined · fact
- E•••••• B•••• M•••• (Chief Administrative Officer) appeared on Schedule A of N•••••••• C•••••• M••••••••• L•••••Mar 30, 2020 · Control person joined · fact
- O••••• W•••••• R••• (Member, Investment Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2019-03-31, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- D•••••• M••••• (Investment Committee Member) no longer on Schedule A of N•••••••• C•••••• M••••••••• L••••• (listed 2019-03-31, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- N•••••••• C•••••• M••••••••• L••••• reported RAUM $1.9B, up 29% from $1.5B (2017-09-26 to 2018-03-29)Mar 29, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- N•••••••• C•••••• M••••••••• L••••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/novaquest-capital-management-l.l.c.reportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 919-459-8620reportedpublic 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