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
R•• C•••••• P•••••••• L••
Latest filing Mar 24, 2026
First filing on the tape Feb 14, 2012 · 27 filings
SEC status approved since Mar 21, 2012
RAUM
$234M
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
6
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$234M as of Mar 24, 2026
Mar 28, 2013$1.2B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 24, 2026
Mar 28, 20130 then
Employees (5.A)6 as of Mar 24, 2026
Mar 28, 201333 then
Private funds4 as of Mar 24, 2026
Mar 28, 20136 then
RAUM -28% over the last fiscal year-16% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 24, 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
- $58.5MderivedRAUM 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
- -28%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 pooled vehiclesreportedItem 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$234M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 4reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true 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
6 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| R••••• P••••••• T••••••••• F•••• L• | Private Equity Fund | $210M | 21 | Feb 14, 2012 |
| R••••• P••••••• I••• L• | Private Equity Fund | $90.9M | 45 | Feb 14, 2012 |
| R••••• P••••••• I• E••• F•••• L•no longer reported | Private Equity Fund | $26.5M | 26 | Feb 14, 2012 |
| R••••• P••••••• I•• L• | Private Equity Fund | $9.1M | 26 | Feb 14, 2012 |
| R••••• P••••••• I• E••• F••• B• L•no longer reported | Private Equity Fund | $1.2M | 6 | Feb 14, 2012 |
| R••••• P••••••• I• O• S•••••• L• | Private Equity Fund | $124,930 | 41 | Feb 14, 2012 |
Owners and control persons
Schedule A and B, latest filing
- B••••• K••••••• J•••• · Co-Managing Partner And Chief Operating Officer;Partner Of S•••••• G••• G•••••• L• And Its General Partnercontrolsince 03/2000 · owns less than 5%
- G•••• A•••••• J••••• · Co-Managing Partner;Partner Of S•••••• G••• G•••••• L• And Its General Partnercontrolsince 12/1995 · owns less than 5%
- S••••••• G•••••• W•••••• · Executive Chairman;Partner Of S•••••• G••• G•••••• L• And Its General Partnercontrolsince 12/1995 · owns less than 5%
- B••••• K••••••• J•••• · Partnercontrolsince 10/2009 · owns F of S•••••• G••• G•••••• L•
- B••••• K••••••• J•••• · Voting Interest Holdercontrolsince 10/2009 · owns F of S•••••• G••• H••••••• G•• L••
- G•••• A•••••• J••••• · Partnercontrolsince 10/2009 · owns 25% to 50% of S•••••• G••• G•••••• L•
- G•••• A•••••• J••••• · Voting Interest Holdercontrolsince 10/2009 · owns 25% to 50% of S•••••• G••• H••••••• G•• L••
- S••••••• G•••••• W•••••• · Voting Interest Membercontrolsince 10/2009 · owns 25% to 50% of S•••••• G••• H••••••• G•• L••
- S••••••• G•••••• W•••••• · Partnercontrolsince 10/2009 · owns 25% to 50% of S•••••• G••• G•••••• L•
- P•••••••• M••••••• A••• · Chief Compliance Officersince 02/2023 · owns less than 5%
Entity owners
- S•••••• G••• G•••••• L• · Ownerdirect · owns 75% or more
- S•••••• G••• H••••••• G•• L•• · General Partnerindirect · owns F of S•••••• G••• G•••••• L•
Related persons
Schedule D 7.A
- R••• C••••••• L••investment adviserpooled vehicle sponsorn
- R••••• P••••••• C•••••• I• E• L••investment adviserpooled vehicle sponsorn
- R••••• P••••••• C•••••• I• M• L••investment adviserpooled vehicle sponsorn
- R••••• P••••••• C•••••• I• O• L••investment adviserpooled vehicle sponsorn
- R••••• P••••••• C•••••• I••• L••investment adviserpooled vehicle sponsorn
- S•••••• G••• A••••••• L••investment advisernRAUM $18B
- S•••••• G••• G••••• M••••••• L••broker-dealern
Advisers that list R•• C•••••• P•••••••• L•• as a related person
- 106788 n
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 24, 2026RAUM (Item 5.F) moved from $327,017,168 to $233,924,522 (-28.0%) between the annual amendments of 2025-03-24 and 2026-03-24; the peer median change was +4.0% (1148 comparable advisers, 9.0th percentile of changes)peers: asset managers, $100M to $500M (1,148) · 9.0% percentile
What changed
consecutive filings, newest first
- Advisory employees · 4 to 5Mar 24, 2025 to Mar 24, 2026
- Employees · 5 to 6Mar 24, 2025 to Mar 24, 2026
- Discretionary RAUM · $327M to $234MMar 24, 2025 to Mar 24, 2026
- Pooled vehicle RAUM · $327M to $234MMar 24, 2025 to Mar 24, 2026
- RAUM · $327M to $234MMar 24, 2025 to Mar 24, 2026
- Accounts · 3 to 4Jun 20, 2024 to Mar 24, 2025
- Business name · R••••• P••••••• M••••••••• L•• to R•• C•••••• P•••••••• L••Jun 20, 2024 to Mar 24, 2025
- Pooled vehicle clients · 3 to 4Jun 20, 2024 to Mar 24, 2025
- Financial planning clients · unset to Jun 20, 2024 to Mar 24, 2025
- Legal name · R••••• P••••••• M••••••••• L•• to R•• C•••••• P•••••••• L••Jun 20, 2024 to Mar 24, 2025
- Discretionary RAUM · $310M to $327MJun 20, 2024 to Mar 24, 2025
- Pooled vehicle RAUM · $310M to $327MJun 20, 2024 to Mar 24, 2025
- RAUM · $310M to $327MJun 20, 2024 to Mar 24, 2025
- Discretionary RAUM · $399M to $310MNov 21, 2023 to Mar 25, 2024
- Pooled vehicle RAUM · $399M to $310MNov 21, 2023 to Mar 25, 2024
- RAUM · $399M to $310MNov 21, 2023 to Mar 25, 2024
- Discretionary RAUM · $821M to $399MFeb 1, 2023 to Mar 30, 2023
- Pooled vehicle RAUM · $821M to $399MFeb 1, 2023 to Mar 30, 2023
- RAUM · $821M to $399MFeb 1, 2023 to Mar 30, 2023
- Advisory employees · 12 to 4Dec 13, 2022 to Feb 1, 2023
- Employees · 19 to 5Dec 13, 2022 to Feb 1, 2023
- Other offices · 1 to 0Dec 13, 2022 to Feb 1, 2023
- Pooled vehicle RAUM · $538M to $821MMar 29, 2021 to Mar 23, 2022
- RAUM · $538M to $821MMar 29, 2021 to Mar 23, 2022
- Advisory employees · 14 to 12Mar 29, 2021 to Mar 23, 2022
- Employees · 22 to 19Mar 29, 2021 to Mar 23, 2022
- Other offices · 2 to 1Mar 29, 2021 to Mar 23, 2022
- Discretionary RAUM · $538M to $821MMar 29, 2021 to Mar 23, 2022
- Advisory employees · 16 to 14Mar 25, 2020 to Mar 29, 2021
- Employees · 24 to 22Mar 25, 2020 to Mar 29, 2021
- Discretionary RAUM · $538M to $538MMar 25, 2020 to Mar 29, 2021
- Pooled vehicle RAUM · $538M to $538MMar 25, 2020 to Mar 29, 2021
- RAUM · $538M to $538MMar 25, 2020 to Mar 29, 2021
- Advisory employees · 18 to 16Apr 16, 2019 to Mar 25, 2020
- Custody of client assets · true to falseApr 16, 2019 to Mar 25, 2020
- Employees · 27 to 24Apr 16, 2019 to Mar 25, 2020
- Discretionary RAUM · $558M to $538MApr 16, 2019 to Mar 25, 2020
- Pooled vehicle RAUM · $558M to $538MApr 16, 2019 to Mar 25, 2020
- RAUM · $558M to $538MApr 16, 2019 to Mar 25, 2020
- Accounts · 5 to 3Mar 28, 2018 to Mar 29, 2019
Signals
3 dated events
- R•• C•••••• P•••••••• L•• reported RAUM $398.7M, down 51% from $820.9M (2023-02-01 to 2023-03-30)Mar 30, 2023 · RAUM change · derived
- Paul Donald Spencer (Managing Director; Partner Of S•••••• G••• G•••••• L• And Its General Partner) no longer on Schedule A of R•• C•••••• P•••••••• L•• (listed 2022-03-23, absent 2022-12-07)Dec 7, 2022 · Control person left · inference
- R•• C•••••• P•••••••• L•• reported RAUM $820.9M, up 53% from $537.7M (2021-03-29 to 2022-03-23)Mar 23, 2022 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- R•• C•••••• P•••••••• L•• · Independent Sponsorsshared crd · capital_provider
- R••••• P••••••• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Principal office phone
- 212-332-5100reportedpublic record, Form ADV, Mar 24, 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