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

F••••• L•••• C••••••• L••

Asset manager (funds and pooled vehicles)Burlingame, CaliforniaCRD 160694SEC 801-74059websiteIAPD
Latest filing Mar 16, 2026
First filing on the tape Feb 14, 2012 · 19 filings
SEC status approved since Mar 30, 2012
RAUM
$9.5B
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
24
11 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
12
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$9.5B as of Mar 16, 2026
Jan 28, 2013$2.0B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 16, 2026
Jan 28, 20130 then
Employees (5.A)24 as of Mar 16, 2026
Jan 28, 201322 then
Private funds12 as of Mar 16, 2026
Jan 28, 201310 then
RAUM n/a over the last fiscal year+25% a year over three
Practice profile
derived from the filing of Mar 16, 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
$793MderivedRAUM 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
unknownderivedbetween 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
$9.5B, 12 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)
  • 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$9.5B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
12reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
$9.5B for 12 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
      19 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      E•••••••• P••• I••••••••• F•••• L•••Private Equity Fund$3.4B1Mar 8, 2022
      F••••• L•••• C••••••••• P••••••••• I•• L•••Private Equity Fund$1.1B1Feb 28, 2020
      F••••• L•••• C••••••••• P••••••••• I••• L•••Private Equity Fund$971M1Feb 15, 2017
      F••••• L•••• C••••••••• P••••••••• I•• L•••Private Equity Fund$583M2Feb 14, 2012
      F••••• D••••• F••• L•Private Equity Fund$151M1Mar 15, 2024
      F••••• L•••• C••••••••• P••••••••• L•••Private Equity Fund$101M20Feb 14, 2012
      F••••• I••••••••• F••• V• L•Private Equity Fund$80.7M2Mar 22, 2023
      F••••••••• F••• V• L•Private Equity Fund$50.3M1Mar 22, 2023
      F••••• L•••• V•••••• P••••••••• I•••• L•••Venture Capital Fund$40.6M35Feb 14, 2012
      F••••• L•••• V•••••• P••••••••• L•••no longer reportedVenture Capital Fund$37.2M37Feb 14, 2012
      F••••• L•••• V•••••• P••••••••• I•• L•••Venture Capital Fund$32.7M16Feb 14, 2012
      F••••• L•••• B••••• P••••••••• I•• L•••no longer reportedPrivate Equity Fund$30.7M17Feb 14, 2012
      F••••• L•••• V•••••• F••• I••• L•••Venture Capital Fund$26.4M22Feb 14, 2012
      F••••• D••••• F••• L•Private Equity Fund$25.2M1Mar 15, 2024
      F••••• L•••• B••••• P••••••••• L•••no longer reportedPrivate Equity Fund$14.9M36Feb 14, 2012
      F••••• L•••• S• B••••• P••••••••• L•••no longer reportedPrivate Equity Fund$5.3M1Feb 14, 2012
      F••••• L•••• •••••••• F••••• P••••••••• L•••no longer reportedVenture Capital Fund$4.2M22Feb 14, 2012
      F••••• L•••• ••••••• F••••• P••••••••• L•••no longer reportedPrivate Equity Fund$2.5M21Feb 14, 2012
      F••••• L•••• ••••••••• F••••• P••••••••• L•••Private Equity Fund$571,99917Feb 14, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••••• M•••••••• A••••••• · Managing D•••••Orcontrol
        since 11/2006 · owns less than 5%
      • F•••••• B••••• K•••• · Managing D•••••Orcontrol
        since 09/2004 · owns 75% or more
      • K•••• L•••• N•• · Managing D•••••Orcontrol
        since 12/2004 · owns less than 5%
      • W•••• M•••••• J•••• · Managing D•••••Orcontrol
        since 11/2011 · owns less than 5%
      • H•••••••• M•••••• O•••••• · Corporate Controller
        since 07/2005 · owns less than 5%
      • M••••••••• C••••••••• P••• · Chief Financial Officer And Chief Compliance Officer
        since 11/2015 · owns less than 5%
      • S••• A••••••• N•• · Fund Controller
        since 10/2013 · owns less than 5%
      Related persons
      Schedule D 7.A
      • F••••• L•••• C••••••••• G••• I•• L•••
        pooled vehicle sponsorn
      • F••••• L•••• C••••••••• G••• I••• L•••
        pooled vehicle sponsorn
      • F••••• L•••• C••••••••• G• I•• L•••
        pooled vehicle sponsorn
      • F••••• L•••• E•••••••• P•••• L•••
        pooled vehicle sponsorn
      • F••••• L•••• G••• I•• L•••
        pooled vehicle sponsorn
      • F••••• L•••• G••• I••• L•••
        pooled vehicle sponsorn
      • F•• C••••••••• G• V• L•
        pooled vehicle sponsorn
      • F••••• D••••• G•• L•
        pooled vehicle sponsorn
      • F••••• D••••• G•• L•
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Boston, MA3 employees
      • London, United Kingdom1 employees
      What changed
      consecutive filings, newest first
      • Assets in custody · $8.1B to $9.5B
        May 1, 2025 to Mar 16, 2026
      • Employees · 20 to 24
        May 1, 2025 to Mar 16, 2026
      • Discretionary RAUM · $8.1B to $9.5B
        May 1, 2025 to Mar 16, 2026
      • Pooled vehicle RAUM · $8.1B to $9.5B
        May 1, 2025 to Mar 16, 2026
      • RAUM · $8.1B to $9.5B
        May 1, 2025 to Mar 16, 2026
      • Accounts · 11 to 12
        Apr 23, 2024 to May 1, 2025
      • Pooled vehicle clients · 11 to 12
        Apr 23, 2024 to May 1, 2025
      • Assets in custody · $4.9B to $8.1B
        Apr 23, 2024 to May 1, 2025
      • Employees · 22 to 20
        Apr 23, 2024 to May 1, 2025
      • Financial planning clients · 11-25 to 11-25
        Apr 23, 2024 to May 1, 2025
      • HQ city · SAN MATEO to BURLINGAME
        Apr 23, 2024 to May 1, 2025
      • Private funds · 11 to 12
        Apr 23, 2024 to May 1, 2025
      • Discretionary RAUM · $6.4B to $8.1B
        Apr 23, 2024 to May 1, 2025
      • Pooled vehicle RAUM · $6.4B to $8.1B
        Apr 23, 2024 to May 1, 2025
      • RAUM · $6.4B to $8.1B
        Apr 23, 2024 to May 1, 2025
      • Advisory employees · 9 to 11
        Jun 23, 2023 to Mar 15, 2024
      • Employees · 18 to 22
        Jun 23, 2023 to Mar 15, 2024
      • Discretionary RAUM · $4.9B to $6.4B
        Jun 23, 2023 to Mar 15, 2024
      • Pooled vehicle RAUM · $4.9B to $6.4B
        Jun 23, 2023 to Mar 15, 2024
      • RAUM · $4.9B to $6.4B
        Jun 23, 2023 to Mar 15, 2024
      • Advisory employees · 7 to 9
        Mar 8, 2022 to Mar 22, 2023
      • Assets in custody · $3.3B to $4.9B
        Mar 8, 2022 to Mar 22, 2023
      • Employees · 17 to 18
        Mar 8, 2022 to Mar 22, 2023
      • Discretionary RAUM · $6.0B to $4.9B
        Mar 8, 2022 to Mar 22, 2023
      • Pooled vehicle RAUM · $6.0B to $4.9B
        Mar 8, 2022 to Mar 22, 2023
      • RAUM · $6.0B to $4.9B
        Mar 8, 2022 to Mar 22, 2023
      • Accounts · 10 to 11
        Feb 11, 2021 to Mar 8, 2022
      • Advisory employees · 8 to 7
        Feb 11, 2021 to Mar 8, 2022
      • Pooled vehicle clients · 10 to 11
        Feb 11, 2021 to Mar 8, 2022
      • Financial planning clients · 1-10 to 11-25
        Feb 11, 2021 to Mar 8, 2022
      • Private funds · 10 to 11
        Feb 11, 2021 to Mar 8, 2022
      • Discretionary RAUM · $3.3B to $6.0B
        Feb 11, 2021 to Mar 8, 2022
      • Pooled vehicle RAUM · $3.3B to $6.0B
        Feb 11, 2021 to Mar 8, 2022
      • RAUM · $3.3B to $6.0B
        Feb 11, 2021 to Mar 8, 2022
      • Advisory employees · 9 to 8
        Feb 28, 2020 to Feb 11, 2021
      • Assets in custody · $2.9B to $3.3B
        Feb 28, 2020 to Feb 11, 2021
      • Employees · 18 to 17
        Feb 28, 2020 to Feb 11, 2021
      • Discretionary RAUM · $2.9B to $3.3B
        Feb 28, 2020 to Feb 11, 2021
      • Pooled vehicle RAUM · $2.9B to $3.3B
        Feb 28, 2020 to Feb 11, 2021
      • RAUM · $2.9B to $3.3B
        Feb 28, 2020 to Feb 11, 2021
      Signals
      4 dated events
      • F••••• L•••• C••••••• L•• reported RAUM $8.1B, up 25% from $6.4B (2024-04-23 to 2025-05-01)
        May 1, 2025 · RAUM change · derived
      • F••••• L•••• C••••••• L•• reported RAUM $6.4B, up 31% from $4.9B (2023-06-23 to 2024-03-15)
        Mar 15, 2024 · RAUM change · derived
      • F••••• L•••• C••••••• L•• reported RAUM $6.0B, up 82% from $3.3B (2021-02-11 to 2022-03-08)
        Mar 8, 2022 · RAUM change · derived
      • F••••• L•••• C••••••• L•• reported RAUM $2.9B, up 39% from $2.1B (2019-02-20 to 2020-02-28)
        Feb 28, 2020 · 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
      F•••••L••••.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      617-406-3124reportedpublic record, Form ADV, Mar 16, 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