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••••••
Legal name N•••••••• C••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Feb 14, 2012 · 17 filings
SEC status approved since Mar 13, 2012
RAUM
$3.3B
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
76
54 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
27
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$3.3B as of Mar 30, 2026
Mar 28, 2013$775M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 28, 20130 then
Employees (5.A)76 as of Mar 30, 2026
Mar 28, 201322 then
Private funds27 as of Mar 30, 2026
Mar 28, 20138 then
RAUM -2.4% over the last fiscal year+12% 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
- $124MderivedRAUM 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
- unknownderived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- -2.4%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
- $3.3B, 27 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
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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$3.3B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 27reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $3.3B for 27 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
30 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| N•••••••• M•••••••• C•••••• I•• L••• | Private Equity Fund | $419M | 62 | Mar 23, 2020 |
| N•••••••• G••••• C•••••• I••• L• | Private Equity Fund | $369M | 63 | Feb 14, 2012 |
| N•••••••• G••••• C•••••• I•• L• | Private Equity Fund | $365M | 51 | Mar 30, 2016 |
| N•••••••• G••••• C•••••• V• L••• | Private Equity Fund | $332M | 146 | Mar 23, 2020 |
| N•••••••• M•••••••• C•••••• V• L• | Private Equity Fund | $321M | 60 | Mar 31, 2023 |
| N•• V•••••• H•••••• L• | Private Equity Fund | $313M | 31 | Mar 31, 2022 |
| N•••••••• H••••• C•••••• I•• L• | Private Equity Fund | $230M | 150 | Mar 31, 2023 |
| N•••••••• M•••••••• C•••••• I••• L• | Private Equity Fund | $175M | 31 | Mar 30, 2016 |
| N•••••••• H••••••• P•••••••• L•• | Private Equity Fund | $124M | 2 | Mar 30, 2016 |
| N•••••••• H••••••• L•• | Private Equity Fund | $108M | 10 | Mar 27, 2014 |
| N•••••••• H••••••• I•• L• | Private Equity Fund | $106M | 25 | Mar 29, 2024 |
| N•••••••• H••••••• P•• L•• | Private Equity Fund | $89.4M | 33 | Mar 29, 2018 |
| N•••••••• H••••• C•••••• I••• L• | Private Equity Fund | $76.9M | 62 | Mar 28, 2019 |
| N•••••••• H••••• C•••••• I•• L• | Private Equity Fund | $47.4M | 15 | Feb 14, 2012 |
| N•••••••• V•••••• H••••• I•• L• | Private Equity Fund | $38.3M | 19 | Mar 29, 2024 |
| N•• I•• C••• L• | Private Equity Fund | $25.2M | 1 | Mar 28, 2019 |
| N•••••••• F•••••••• C•••••• I•• L• | Private Equity Fund | $21.5M | 44 | Mar 29, 2024 |
| N•••••••• H••••• C•••••• I•• P••••••• F•••• L••• | Private Equity Fund | $17.3M | 16 | Mar 30, 2016 |
| N•••••••• M•••••••• C•••••• I•• L• | Private Equity Fund | $14.8M | 38 | Feb 14, 2012 |
| N•••••••• M•••••••• C•••••• I•• L• P••••••• | Private Equity Fund | $13.3M | 30 | Mar 31, 2022 |
| N•• D•••• L•• | Private Equity Fund | $12.0M | 24 | Mar 31, 2022 |
| N•• B••• L•• | Private Equity Fund | $11.8M | 16 | Mar 31, 2022 |
| N•• B•••• L•• | Private Equity Fund | $9.0M | 21 | Mar 31, 2022 |
| N•••••••• V•••••••• L•no longer reported | Private Equity Fund | $7.2M | 59 | Feb 14, 2012 |
| N•• F••••••• L•• | Private Equity Fund | $6.0M | 37 | Mar 31, 2023 |
| N•••••••• M•••••••• C••••••• L• | Private Equity Fund | $4.6M | 64 | Feb 14, 2012 |
| N•••••••• G••••• C•••••• I•• L• | Private Equity Fund | $3.9M | 66 | Feb 14, 2012 |
| N•• D••• 2• L•• | Private Equity Fund | $1.8M | 8 | Mar 29, 2024 |
| C•• H••••• V••••••• A•••••• I•• L•no longer reported | Private Equity Fund | $1.5M | 1 | Mar 28, 2013 |
| C••••••• H••••• V•••••••• L•no longer reported | Private Equity Fund | $280,382 | 11 | Feb 14, 2012 |
Owners and control persons
Schedule A and B, latest filing
- D••••••• M••••••• A•••••• · Managing Membercontrolsince 01/2006 · owns 25% to 50%
- L•••••••• M•••• R•••••• · Managing Membercontrolsince 01/2006 · owns 25% to 50%
- R•••••• G••••• T• · Managing Membercontrolsince 01/2006 · owns 25% to 50%
- S•••••••• J•••••••• S•••••• · Chief Compliance Officercontrolsince 01/2004 · owns less than 5%
- D••••••• M••••••• A•••••• · Managing Partner & Ceocontrolsince 12/2001 · owns 25% to 50% of N•••••••• C••••••• L••
- L•••••••• M•••• R•••••• · Coocontrolsince 01/2001 · owns F of N•••••••• C••••••• L••
- M•••••• B••••• G••••• · Vice Presidentcontrolsince 01/2004 · owns F of N•••••••• C••••••• L••
- S•••••••• J•••••••• S•••••• · Presidentcontrolsince 01/2016 · owns F of N•••••••• C••••••• L••
Entity owners
- N•••••••• C••••••• L•• · Memberdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- C••••••• H••••• C••••••• L•• ••••••• A•••••••investment advisern
- N•••••••• F•••••••• M••••••••• C••••••• L•• ••••••• A•••••••investment advisern
- N•••••••• H••••••• I• G•• L••pooled vehicle sponsorn
- N•••••••• H••••••• M••••••••• C•••••• L•• ••••••• A•••••••investment advisern
- N•••••••• H••••••• M•••••••• C•••••• I•• L•• ••••••• A•••••••investment advisern
- N•••••••• M•••••••• C•••••• M••••••••• I••• L•• ••••••• A•••••••investment advisern
- N•••••••• M•••••••• C•••••• M••••••••• I•• L•• ••••••• A•••••••investment advisern
- N•••••••• M•••••••• C•••••• M••••••••• V• L•• ••••••• A•••••••investment advisern
- N•••••••• M•••••••• C•••••• M••••••••• L•• ••••••• A•••••••investment advisern
- N•••••••• M•••••••• P•••••••• L••pooled vehicle sponsorn
- N•••••••• M•••••••• P•••••••• L•pooled vehicle sponsorn
- N•• B••• C•••• B• L••pooled vehicle sponsorn
- N•• B•• C•••• B• L••pooled vehicle sponsorn
- N•• D••• C•••• B• L••pooled vehicle sponsorn
- N•• F•••••• C•••• B• L••pooled vehicle sponsorn
- N•• I• G•• L••pooled vehicle sponsorn
- N•• I• M••••••••• C••••••• L•• ••••••• A•••••••investment advisern
- N•• I•• G•• L••pooled vehicle sponsorn
- N•• I•• G•• L•pooled vehicle sponsorn
- N•• I•• M••••••••• C••••••• L•• ••••••• A•••••••investment advisern
- N•• I• G•• L••pooled vehicle sponsorn
- N•• I• G•• L•pooled vehicle sponsorn
- N•• I• M••••••••• C••••••• L•• ••••••• A•••••••investment advisern
- N•• V• G•• L••pooled vehicle sponsorn
- N•• V• M••••••••• C••••••• L•• ••••••• A•••••••investment advisern
- N•• I• E• G•• L•pooled vehicle sponsorn
- N•• I• G•• L••pooled vehicle sponsorn
- N•• I• G•• L•pooled vehicle sponsorn
- N•• I•• G•• L••pooled vehicle sponsorn
- N•• I•• G•• L•pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- Denver, CO1 employees
- New York, NY1 employees
What changed
consecutive filings, newest first
- Advisory employees · 56 to 54Mar 31, 2025 to Mar 30, 2026
- Assets in custody · $3.4B to $3.3BMar 31, 2025 to Mar 30, 2026
- Employees · 75 to 76Mar 31, 2025 to Mar 30, 2026
- Legal name · N•• I• M••••••••• C••••••• L•• to N•••••••• C••••••• L••Mar 31, 2025 to Mar 30, 2026
- Discretionary RAUM · $3.4B to $3.3BMar 31, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $3.4B to $3.3BMar 31, 2025 to Mar 30, 2026
- RAUM · $3.4B to $3.3BMar 31, 2025 to Mar 30, 2026
- Accounts · 26 to 27Mar 29, 2024 to Mar 31, 2025
- Advisory employees · 46 to 56Mar 29, 2024 to Mar 31, 2025
- Pooled vehicle clients · 26 to 27Mar 29, 2024 to Mar 31, 2025
- Assets in custody · $3.1B to $3.4BMar 29, 2024 to Mar 31, 2025
- Employees · 66 to 75Mar 29, 2024 to Mar 31, 2025
- Financial planning clients · unset to Mar 29, 2024 to Mar 31, 2025
- Private funds · 26 to 27Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $3.1B to $3.4BMar 29, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $3.1B to $3.4BMar 29, 2024 to Mar 31, 2025
- RAUM · $3.1B to $3.4BMar 29, 2024 to Mar 31, 2025
- Accounts · 23 to 26Mar 31, 2023 to Mar 29, 2024
- Advisory employees · 48 to 46Mar 31, 2023 to Mar 29, 2024
- Pooled vehicle clients · 23 to 26Mar 31, 2023 to Mar 29, 2024
- Assets in custody · $2.4B to $3.1BMar 31, 2023 to Mar 29, 2024
- Other offices · 3 to 2Mar 31, 2023 to Mar 29, 2024
- Private funds · 23 to 26Mar 31, 2023 to Mar 29, 2024
- Discretionary RAUM · $2.4B to $3.1BMar 31, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $2.4B to $3.1BMar 31, 2023 to Mar 29, 2024
- RAUM · $2.4B to $3.1BMar 31, 2023 to Mar 29, 2024
- Accounts · 20 to 23Aug 25, 2022 to Mar 31, 2023
- Pooled vehicle clients · 20 to 23Aug 25, 2022 to Mar 31, 2023
- Assets in custody · $2.5B to $2.4BAug 25, 2022 to Mar 31, 2023
- Employees · 63 to 66Aug 25, 2022 to Mar 31, 2023
- Private funds · 20 to 23Aug 25, 2022 to Mar 31, 2023
- Discretionary RAUM · $2.5B to $2.4BAug 25, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $2.5B to $2.4BAug 25, 2022 to Mar 31, 2023
- RAUM · $2.5B to $2.4BAug 25, 2022 to Mar 31, 2023
- Accounts · 15 to 20Mar 30, 2021 to Mar 31, 2022
- Advisory employees · 47 to 48Mar 30, 2021 to Mar 31, 2022
- Pooled vehicle clients · 15 to 20Mar 30, 2021 to Mar 31, 2022
- Assets in custody · $1.7B to $2.5BMar 30, 2021 to Mar 31, 2022
- Employees · 60 to 63Mar 30, 2021 to Mar 31, 2022
- Private funds · 15 to 20Mar 30, 2021 to Mar 31, 2022
Signals
15 dated events
- N•••••••• C•••••• reported RAUM $3.1B, up 31% from $2.4B (2023-03-31 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Pasquele Andrew Panzo (Partner / Vice-President (Newspring Mezzanine Capital Management Iii, Llc)) no longer on Schedule A of N•••••••• C•••••• (listed 2022-03-31, absent 2022-07-01)Jul 1, 2022 · Control person left · inference
- David Steven Hobman (Partner / President (Newspring Mezzanine Capital Management Iii, Llc)) no longer on Schedule A of N•••••••• C•••••• (listed 2022-03-31, absent 2022-07-01)Jul 1, 2022 · Control person left · inference
- Gregory Barger (Partner/Vice President (Newspring Mezzanine Capital Management Iii, Llc) no longer on Schedule A of N•••••••• C•••••• (listed 2022-03-31, absent 2022-07-01)Jul 1, 2022 · Control person left · inference
- Perry Walter Maner (Partner/Chief Executive Officer (Newspring Holdings Mangement Company, Llc)) no longer on Schedule A of N•••••••• C•••••• (listed 2022-03-31, absent 2022-07-01)Jul 1, 2022 · Control person left · inference
- Edward James Ashton (Partner/Vice President (Newspring Holdings Management Company, Llc)) no longer on Schedule A of N•••••••• C•••••• (listed 2022-03-31, absent 2022-07-01)Jul 1, 2022 · Control person left · inference
- K••••• R••••• (Coo And Secretary (Nsh Iii Management Company, Llc)) no longer on Schedule A of N•••••••• C•••••• (listed 2022-03-31, absent 2022-07-01)Jul 1, 2022 · Control person left · inference
- V•••••• A••• (Partner/Vice-President (Newspring Mezzanine Capital Management Iv, Llc)) no longer on Schedule A of N•••••••• C•••••• (listed 2022-03-31, absent 2022-07-01)Jul 1, 2022 · Control person left · inference
- Satyakanth Ponnuru (Managing Director (Newspring Franchise)) no longer on Schedule A of N•••••••• C•••••• (listed 2022-03-31, absent 2022-07-01)Jul 1, 2022 · Control person left · inference
- P•••••• S••••• (Managing Director (Newspring Franchise)) no longer on Schedule A of N•••••••• C•••••• (listed 2022-03-31, absent 2022-07-01)Jul 1, 2022 · Control person left · inference
- Satyakanth Ponnuru (Managing Director (Newspring Franchise)) appeared on Schedule A of N•••••••• C••••••Mar 31, 2022 · Control person joined · fact
- P•••••• S••••• (Managing Director (Newspring Franchise)) appeared on Schedule A of N•••••••• C••••••Mar 31, 2022 · Control person joined · fact
- N•••••••• C•••••• reported RAUM $2.1B, up 41% from $1.5B (2020-03-23 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- V•••••• A••• (Partner/Vice-President (Newspring Mezzanine Capital Management Iv, Llc)) appeared on Schedule A of N•••••••• C••••••Mar 23, 2020 · Control person joined · fact
- K••••• R••••• (Coo And Secretary (Nsh Iii Management Company, Llc)) appeared on Schedule A of N•••••••• C••••••Mar 28, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- N•••••••• C•••••• · Independent Sponsorsshared crd · capital_provider
- N•••••••• C•••••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- N••••••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 610-567-2387reportedpublic 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