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
A•• A•••• M••••••••• U•• I••
Latest filing Mar 25, 2026
First filing on the tape Feb 15, 2012 · 31 filings
SEC status approved since Mar 30, 2012
RAUM
$141B
reported, Item 5.F
Discretionary
38%
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
183
100 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
29
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$141B as of Mar 25, 2026
Mar 28, 2013$71B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 28, 20130 then
Employees (5.A)183 as of Mar 25, 2026
Mar 28, 2013109 then
Private funds29 as of Mar 25, 2026
Mar 28, 201311 then
RAUM -6.2% over the last fiscal year+0.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 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
- $3.2BderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 38%derivedof RAUM
- Institutional
- 38%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
- -6.2%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, otherreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $48B, 1 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$87B62%
- Pension and profit-sharing plans$54B38%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 44reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $48B for 1 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=0.62 institutional_share=0.38 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
34 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| A•• S•••••••• R••• E••••• P••• L•• U••• L•• | Real Estate Fund | $14B | 1 | Feb 15, 2012 |
| S•••••• R••••••••• L•• | Other Private Fund | $980M | 1 | Mar 28, 2024 |
| R••••••••• I•• L•• | Other Private Fund | $824M | 1 | Mar 18, 2019 |
| N•• S••••••• 3• B•••••• I••• | Other Private Fund | $702M | 1 | Apr 28, 2016 |
| L•• B•••••• C•••• | Other Private Fund | $673M | 1 | Mar 30, 2016 |
| K•• F••• L••no longer reported | Other Private Fund | $570M | 1 | Feb 15, 2012 |
| I•• B•••••• L•• | Other Private Fund | $528M | 1 | Mar 29, 2018 |
| P••••••• L•• | Other Private Fund | $494M | 1 | Mar 30, 2021 |
| D••••• I••••••••• L•• | Other Private Fund | $476M | 1 | Mar 30, 2021 |
| R••••••••• L•• | Other Private Fund | $420M | 1 | Mar 29, 2018 |
| N•• B•••••• I••• | Other Private Fund | $413M | 1 | Apr 28, 2016 |
| P•• 2•••••••• S•• L•• | Private Equity Fund | $325M | 1 | Mar 30, 2022 |
| S••••• L•• | Other Private Fund | $315M | 1 | Mar 30, 2016 |
| D••••••• L•• | Other Private Fund | $294M | 1 | Mar 30, 2022 |
| W•••• F••• L••no longer reported | Other Private Fund | $238M | 1 | Feb 15, 2012 |
| L••••• I••••••••• L•• | Other Private Fund | $216M | 1 | Mar 30, 2023 |
| A•• L•••• E•••••• L•• | Other Private Fund | $123M | 1 | Mar 29, 2018 |
| A•• L•••••••• ••• | Real Estate Fund | $108M | 1 | Mar 18, 2019 |
| P•• 2•••••••• S•• L•• | Private Equity Fund | $95.1M | 1 | Mar 27, 2020 |
| M••••• L•• | Hedge Fund | $75.0M | 1 | Feb 15, 2012 |
| O•••••• I••••••••• I••• | Other Private Fund | $56.2M | 1 | Feb 15, 2012 |
| T•••••••• C•••••• L•• | Hedge Fund | $45.9M | 1 | Feb 15, 2012 |
| B•••• L•• | Real Estate Fund | $37.0M | 1 | Mar 18, 2019 |
| N••••••• I• L••no longer reported | Real Estate Fund | $30.0M | 1 | Feb 15, 2012 |
| A•• C•••••• S••••• L•• | Other Private Fund | $19.9M | 1 | Mar 29, 2018 |
| A•• L•••• S••••• L•• | Other Private Fund | $16.7M | 1 | Mar 29, 2018 |
| N•• H•••••• A••••••• R••••• F••• I• L•• | Hedge Fund | $5.7M | 1 | Feb 15, 2012 |
| Z••••• I••••••••• L•• | Other Private Fund | $4.6M | 1 | Mar 28, 2024 |
| A•• T••••••• R••• E••••• P••• U••• L•• | Real Estate Fund | $43,935 | 1 | Feb 15, 2012 |
| N•• A•••• H••••••• L••no longer reported | Other Private Fund | $10,639 | 1 | Mar 28, 2013 |
| P•• 2•••••••• S••• L•• | Private Equity Fund | $69 | 1 | Mar 30, 2023 |
| M••••• I•• L••no longer reported | Hedge Fund | $0 | 1 | Mar 29, 2018 |
| A•••• N• H••••••• L•• | Real Estate Fund | $0 | 1 | Mar 28, 2014 |
| N••••••• I• L•• | Real Estate Fund | $0 | 1 | Feb 15, 2012 |
Owners and control persons
Schedule A and B, latest filing
- G•••••• E•••• A••••• · Chief Compliance Officercontrolsince 09/2017 · owns less than 5%
- P•••••• A••••• K•••• · General Counselcontrolsince 07/2019 · owns less than 5%
- S•••••• V•• E•• M•••••• · Chief Executive Officercontrolsince 02/2022 · owns less than 5%
- T••••••• R••••• · Chief Financial Risk Officercontrolsince 01/2020 · owns less than 5%
Entity owners
- A•• A•••• M••••••••• N••• · Direct Ownerdirect · owns 75% or more
- A•• G•••• N• · Indirect Ownerindirect · owns 75% or more of Apg Asset Management Nv
- S•••••••• P••••••••• A•• · Indirect Ownerindirect · owns 75% or more of A•• G•••• N•
Related persons
Schedule D 7.A
- A•• A•••• M••••••••• N•••investment advisery
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Mar 25, 2026institutional share of RAUM of 38% against a peer median of 0% (512 comparable advisers, 99.0th percentile, 12.9 robust deviations)peers: asset managers, $20B and over (512) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 39 to 44Mar 27, 2025 to Mar 25, 2026
- Advisory employees · 104 to 100Mar 27, 2025 to Mar 25, 2026
- Assets in custody · $57B to $48BMar 27, 2025 to Mar 25, 2026
- Employees · 189 to 183Mar 27, 2025 to Mar 25, 2026
- Private funds · 28 to 29Mar 27, 2025 to Mar 25, 2026
- Discretionary RAUM · $68B to $54BMar 27, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $83B to $87BMar 27, 2025 to Mar 25, 2026
- Pension RAUM · $59B to $54BMar 27, 2025 to Mar 25, 2026
- Pooled vehicle RAUM · $91B to $87BMar 27, 2025 to Mar 25, 2026
- RAUM · $151B to $141BMar 27, 2025 to Mar 25, 2026
- Accounts · 37 to 39Mar 28, 2024 to Mar 27, 2025
- Advisory employees · 95 to 104Mar 28, 2024 to Mar 27, 2025
- Assets in custody · $74B to $57BMar 28, 2024 to Mar 27, 2025
- Employees · 185 to 189Mar 28, 2024 to Mar 27, 2025
- Financial planning clients · 0 to 0Mar 28, 2024 to Mar 27, 2025
- Private funds · 29 to 28Mar 28, 2024 to Mar 27, 2025
- Discretionary RAUM · $83B to $68BMar 28, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $81B to $83BMar 28, 2024 to Mar 27, 2025
- Pension RAUM · $71B to $59BMar 28, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $93B to $91BMar 28, 2024 to Mar 27, 2025
- RAUM · $164B to $151BMar 28, 2024 to Mar 27, 2025
- Accounts · 33 to 37Jun 15, 2023 to Mar 28, 2024
- Advisory employees · 94 to 95Jun 15, 2023 to Mar 28, 2024
- Assets in custody · $56B to $74BJun 15, 2023 to Mar 28, 2024
- Employees · 181 to 185Jun 15, 2023 to Mar 28, 2024
- Private funds · 27 to 29Jun 15, 2023 to Mar 28, 2024
- Discretionary RAUM · $56B to $83BJun 15, 2023 to Mar 28, 2024
- Non-discretionary RAUM · $85B to $81BJun 15, 2023 to Mar 28, 2024
- Pension RAUM · $45B to $71BJun 15, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $96B to $93BJun 15, 2023 to Mar 28, 2024
- RAUM · $141B to $164BJun 15, 2023 to Mar 28, 2024
- Accounts · 30 to 33Jun 29, 2022 to Mar 30, 2023
- Advisory employees · 89 to 94Jun 29, 2022 to Mar 30, 2023
- Assets in custody · $87B to $56BJun 29, 2022 to Mar 30, 2023
- Employees · 171 to 181Jun 29, 2022 to Mar 30, 2023
- Private funds · 25 to 27Jun 29, 2022 to Mar 30, 2023
- Discretionary RAUM · $87B to $56BJun 29, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $99B to $85BJun 29, 2022 to Mar 30, 2023
- Pension RAUM · $76B to $45BJun 29, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $110B to $96BJun 29, 2022 to Mar 30, 2023
Signals
6 dated events
- M•••••• S•••••• Van Es (Chief Executive Officer) appeared on Schedule A of A•• A•••• M••••••••• U•• I••Jun 29, 2022 · Control person joined · fact
- Paul Spijkers (Chief Executive Officer) no longer on Schedule A of A•• A•••• M••••••••• U•• I•• (listed 2022-03-30, absent 2022-06-29)Jun 29, 2022 · Control person left · inference
- R••••• T•••••• (Chief Financial Risk Officer) appeared on Schedule A of A•• A•••• M••••••••• U•• I••Mar 27, 2020 · Control person joined · fact
- K•••• A•••• P••••• (General Counsel) appeared on Schedule A of A•• A•••• M••••••••• U•• I••Aug 2, 2019 · Control person joined · fact
- Leo Palmen (General Counsel) no longer on Schedule A of A•• A•••• M••••••••• U•• I•• (listed 2019-06-28, absent 2019-08-02)Aug 2, 2019 · Control person left · inference
- M•••••• S•••••• Van Es (Chief Financial And Risk Officer) no longer on Schedule A of A•• A•••• M••••••••• U•• I•• (listed 2018-06-29, absent 2019-03-18)Mar 18, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
- A•• A•••• M••••••••• U•• I•• · Independent Sponsorsshared crd · capital_provider
- A•• A•••• M••••••••• U•• I•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Principal office phone
- 917-368-3500reportedpublic record, Form ADV, Mar 25, 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
Across the graphs
A•• A•••• M••••••••• U•• I•• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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