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

B•• C•••••• P•••••••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 160914SEC 801-73499websiteIAPD
Legal name B•• C•••••• P•••••••• L••
Latest filing Aug 3, 2026
First filing on the tape Feb 13, 2012 · 26 filings
SEC status approved since Mar 30, 2012
RAUM
$52B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$52B
derived; firm RAUM over IAPD count
Employees
498
231 advisory (5.B.1)
Offices
12
beyond the principal office
Private funds
45
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$52B as of Aug 3, 2026
Mar 28, 2013$4.0B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 3, 2026
Mar 28, 20130 then
Employees (5.A)498 as of Aug 3, 2026
Mar 28, 201340 then
Private funds45 as of Aug 3, 2026
Mar 28, 201311 then
RAUM +4.2% over the last fiscal year+7.9% a year over threeIARs 0 to 0offices 11 to 12
Practice profile
derived from the filing of Aug 3, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$52BderivedRAUM 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
$1.1BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
498.0derivedItem 5.A over advisors
Advisors per office
0.1derived13 offices incl. principal (1.F.5)
RAUM growth, one year
+4.2%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, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$496M, 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
  • 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$52B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
46reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$496M for 1 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=171.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D•• H••••• J•••••Austin, Tx Jul 17, 201412 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      54 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B•• C•••••• P••••••• F••• 4• L•Private Equity Fund$10B473Mar 31, 2023
      B•• C•••••• P••••••• F••• 3• L•Private Equity Fund$7.4B321Mar 30, 2020
      B•• C•••••• P••••••• F••• I•• L•••Private Equity Fund$6.5B172Mar 27, 2015
      B•• O•••••• H•••••••• L•Private Equity Fund$5.5B28Mar 30, 2022
      B•• S•••••• H•••••••• L••Private Equity Fund$4.9B27Mar 30, 2020
      B•• A•••• H••••••• 2• L••Private Equity Fund$4.7B39Mar 30, 2022
      B•• C•••••• P••••••• F••• 3• •••• S•••Private Equity Fund$3.4B62Mar 30, 2020
      B•• C•••••• P••••••• F••• 4• ••••• L•Private Equity Fund$3.4B60Mar 31, 2023
      B•• B••••• H•••••••• L••Private Equity Fund$2.9B14Mar 30, 2016
      B•• C•••••• P••••••• O•• C•••••••• •••••••• L•••no longer reportedPrivate Equity Fund$2.6B58Mar 28, 2014
      B•• E••••• F••• S•••Private Equity Fund$2.6B10Mar 28, 2024
      B•• C•••••• P••••••• F••• I• L•••Private Equity Fund$1.9B109Feb 13, 2012
      B•• C•••••• P••••••• F••• I• ••••• L•••Private Equity Fund$1.6B29Mar 27, 2015
      B•• S•••••• B•••••• H•••••••• L••Private Equity Fund$1.6B8Mar 30, 2020
      B•• M••••••• H•••••••• L••Private Equity Fund$1.5B16Mar 30, 2022
      B•• E•••••••• H•••••••• L•Private Equity Fund$1.4B8Mar 28, 2024
      B•• P••• H•••••••• L•Private Equity Fund$1.3B15Mar 28, 2024
      B•• W•• H•••••••• L••Private Equity Fund$917M3Mar 31, 2017
      B•• C•••••• P••••••• A•••• F•••• L•••Private Equity Fund$879M70Feb 13, 2012
      B•• C•••••• P••••••• F••• 4• ••• S•••Private Equity Fund$814M24Mar 31, 2023
      B•• C•••••• P••••••• F••• 3• •••• L•Private Equity Fund$630M53Mar 30, 2020
      B•• C•••••• P••••••• F••• I• •••• L•••Private Equity Fund$595M27Mar 27, 2015
      B•• M••••••• B•••••• H•••••••• L••Private Equity Fund$543M7Mar 30, 2022
      B•• R••••• H•••••••• L••Private Equity Fund$528M6Mar 28, 2024
      B•• E•••••• H•••••••• L••Private Equity Fund$445M15Mar 28, 2024
      B•• C•••••• P••••••• F••• I••• L•••Private Equity Fund$352M22Feb 13, 2012
      B•• C•••••• P••••••• F••• 3• ••••• L•Private Equity Fund$342M16Mar 30, 2020
      B•• R••••• B•••••• H•••••••• L••Private Equity Fund$339M5Mar 28, 2024
      B•• A•••• A••••••••• L••Private Equity Fund$307M14Mar 31, 2017
      B•••• I••••••••• F••• I•• L•••Private Equity Fund$306M64Mar 27, 2015
      B•• A••• I••••••••• L•Private Equity Fund$287M9Mar 28, 2024
      B•• C•••••• P••••••• A•••• F••• I••• L•••Private Equity Fund$266M18Feb 13, 2012
      A•••• S••••••• L•Private Equity Fund$237M58Mar 30, 2020
      B•• M••••••• H•••••••• L••no longer reportedPrivate Equity Fund$221M6Mar 31, 2017
      B•• C•••••• P••••••• F••• I• ••••• L•••Private Equity Fund$195M6Mar 31, 2017
      B•• C•••••• P••••••• W•• C••••••••• L•••no longer reportedPrivate Equity Fund$185M6Feb 13, 2012
      F••• I••• S••••••• L•Private Equity Fund$141M208Mar 29, 2019
      B•• C•••••• P••••••• C• F••• I• L•••no longer reportedPrivate Equity Fund$139M9Feb 13, 2012
      F••• 3• S••••••• L•••Private Equity Fund$135M297Mar 31, 2023
      B•• C•••••• P••••••• M•••••• C••••••••• L•••Private Equity Fund$117M1Mar 30, 2016
      All funds of B•• C•••••• P•••••••
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• M••••••• E•••• · Partner & Chief Financial Officercontrol
        since 04/2009 · owns less than 5%
      • J•••••• D••• H••••• · Presidentcontrol
        since 11/2013 · owns less than 5%
      • L•••••• G••••• R••••• · Co-Chief Executive Officercontrol
        since 01/2023 · owns less than 5%
      • M•••••• C••••• Z•• · Managing Director & Global Chief Compliance Officercontrol
        since 01/2020 · owns less than 5%
      • O••• S••• W•••••••• · Presidentcontrol
        since 04/2009 · owns less than 5%
      • R•••••• B••••••• P••••••• · Partner & Chief Operating Officercontrol
        since 01/2023 · owns less than 5%
      • T•••• M••• A•• · Partner & Chief Legal Officercontrol
        since 01/2018 · owns less than 5%
      • T••••• B••••• D•••• · Chairman & Co-Chief Executive Officercontrol
        since 04/2009 · owns less than 5%
      • T••••• B••••• D•••• · Limited Partnercontrol
        since 09/2011 · owns 25% to 50% of B•• • M•• H•••••••• L•••
      • T••••• B••••• D•••• · Membercontrol
        since 04/2009 · owns 75% or more of B••• G•• L••
      Entity owners
      • B•• • M•• H•••••••• L••• · Parent
        direct · owns 75% or more
      • B••• G•• L•• · Member
        direct · owns less than 5%
      • B••• G•• L•• · General Partner
        indirect · owns F of B•• • M•• H•••••••• L•••
      Related persons
      Schedule D 7.A
      • B•• • M•• P••••••• E••••• G•••
        broker-dealern
      • B•• • M•• P••••••• I••••••••• L••
        broker-dealern
      • B•• • M•• P•••••••• L••
        broker-dealern
      • B•••• A•• G• I• L••
        investment adviserpooled vehicle sponsory
      • B•••• E•• G•• C••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• 3•• ••••• L••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• 3•• •••• S•• R•••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• 3••• L•••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• 3• L•••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• 4•• ••••• L••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• 4•• ••• S•• R•••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• 4••• L•••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• 4• L•
        investment adviserbankpooled vehicle sponsory
      • B•••• G• I• L••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• I••• ••••• L••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• I•••• L•••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• I•• C••
        investment adviserbankpooled vehicle sponsory
      • B•••• G• I•• L•••
        investment adviserbankpooled vehicle sponsory
      • G• I• S••••••• L••
        pooled vehicle sponsory
      • M•• P•••••••• L•••
        investment adviserbanknRAUM $21B
      • M•• R••• E••••• M••••••••• L••
        bankpooled vehicle sponsorn
      Advisers that list B•• C•••••• P••••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY61 employees
      • New York, NY35 employees
      • Santa Monica, CA13 employees
      • Palm Beach, FL7 employees
      • London, United Kingdom6 employees
      • Rye, NY5 employees
      • Denver, CO4 employees
      • San F••••••Co, CA4 employees
      • Dallas, TX2 employees
      What changed
      consecutive filings, newest first
      • Accounts · 44 to 46
        Aug 12, 2025 to Mar 30, 2026
      • Advisory employees · 208 to 231
        Aug 12, 2025 to Mar 30, 2026
      • BD registered reps · 150 to 171
        Aug 12, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 44 to 45
        Aug 12, 2025 to Mar 30, 2026
      • Assets in custody · $496M to $496M
        Aug 12, 2025 to Mar 30, 2026
      • Employees · 456 to 498
        Aug 12, 2025 to Mar 30, 2026
      • Other offices · 11 to 12
        Aug 12, 2025 to Mar 30, 2026
      • Private funds · 44 to 45
        Aug 12, 2025 to Mar 30, 2026
      • Discretionary RAUM · $49B to $52B
        Aug 12, 2025 to Mar 30, 2026
      • Non-discretionary RAUM · $0 to $1.7M
        Aug 12, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $49B to $52B
        Aug 12, 2025 to Mar 30, 2026
      • RAUM · $49B to $52B
        Aug 12, 2025 to Mar 30, 2026
      • Accounts · 45 to 44
        Jul 8, 2024 to Mar 31, 2025
      • Advisory employees · 189 to 208
        Jul 8, 2024 to Mar 31, 2025
      • BD registered reps · 138 to 150
        Jul 8, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 45 to 44
        Jul 8, 2024 to Mar 31, 2025
      • Assets in custody · $916M to $496M
        Jul 8, 2024 to Mar 31, 2025
      • Employees · 421 to 456
        Jul 8, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Jul 8, 2024 to Mar 31, 2025
      • Other offices · 9 to 11
        Jul 8, 2024 to Mar 31, 2025
      • Private funds · 45 to 44
        Jul 8, 2024 to Mar 31, 2025
      • Discretionary RAUM · $50B to $49B
        Jul 8, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $50B to $49B
        Jul 8, 2024 to Mar 31, 2025
      • RAUM · $50B to $49B
        Jul 8, 2024 to Mar 31, 2025
      • Accounts · 36 to 45
        Mar 31, 2023 to Mar 28, 2024
      • Advisory employees · 175 to 189
        Mar 31, 2023 to Mar 28, 2024
      • BD registered reps · 123 to 138
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 36 to 45
        Mar 31, 2023 to Mar 28, 2024
      • Assets in custody · $1.2B to $916M
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 393 to 421
        Mar 31, 2023 to Mar 28, 2024
      • Private funds · 36 to 45
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $41B to $50B
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $41B to $50B
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $41B to $50B
        Mar 31, 2023 to Mar 28, 2024
      • Accounts · 30 to 36
        Jan 31, 2023 to Mar 31, 2023
      • Advisory employees · 100 to 175
        Jan 31, 2023 to Mar 31, 2023
      • BD registered reps · 105 to 123
        Jan 31, 2023 to Mar 31, 2023
      • Pooled vehicle clients · 30 to 36
        Jan 31, 2023 to Mar 31, 2023
      • Assets in custody · $2.1B to $1.2B
        Jan 31, 2023 to Mar 31, 2023
      • Employees · 170 to 393
        Jan 31, 2023 to Mar 31, 2023
      Signals
      39 dated events
      • B•• C•••••• P••••••• reported 9 offices beyond its principal office, up from 3 (2023-01-31 to 2023-03-31)
        Mar 31, 2023 · Office count change · derived
      • Morgan Chad Feingold (Partner & Chief Administrative Officer) no longer on Schedule A of B•• C•••••• P••••••• (listed 2022-11-22, absent 2023-01-31)
        Jan 31, 2023 · Control person left · inference
      • Robert Gregg Lemkau (Co-Chief Executive Officer) appeared on Schedule A of B•• C•••••• P•••••••
        Jan 31, 2023 · Control person joined · fact
      • Pearsall Brendan Rogers (Partner & Chief Operating Officer) appeared on Schedule A of B•• C•••••• P•••••••
        Jan 31, 2023 · Control person joined · fact
      • Robert William Bush (Co-Founder And Vice Chairman) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-11-11, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • L••• D••••• M••••• (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-11-11, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Francis Donald Mclellan (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Lee Robert Verigan (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Michael James Head (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • D Edgar Legaspi (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Sands Timothy Thompson (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Darin Kelly Rainko (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Davis Jennifer Dunne (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • E Genevieve Hovde (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Baker Elizabeth Keffer (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Matthew D••••• Shefter (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Anne Noa Meyer (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Nmn Bong Shinn (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Kumar Ashish Lal (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Kathleen Tiffany Hagge (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • Dennis Robert Reid (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • E••••• J••••• R•••• (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-03-30, absent 2020-05-19)
        May 19, 2020 · Control person left · inference
      • B•• C•••••• P••••••• reported RAUM $27.8B, up 75% from $15.9B (2020-02-04 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Dennis Robert Reid (Partner) appeared on Schedule A of B•• C•••••• P•••••••
        Mar 30, 2020 · Control person joined · fact
      • E••••• J••••• R•••• (Partner) appeared on Schedule A of B•• C•••••• P•••••••
        Mar 30, 2020 · Control person joined · fact
      • Hale Christopher Williams (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-02-04, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Merritt Monte Koch (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-02-04, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Don J••••• Gutman (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-02-04, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Eamonn John Gilligan (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-02-04, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • O. Elbert Robinson (Partner) no longer on Schedule A of B•• C•••••• P••••••• (listed 2020-02-04, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/bdtmsd-partnersreportedpublic record, Form ADV, Sep 18, 2026
      Website
      bdtmsd.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      312-660-7300reportedpublic record, Form ADV, Aug 3, 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
      $52Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      B•• C•••••• P••••••• 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.

      Checking your plan…