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

W••••••••• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 161184SEC 801-74093websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Feb 14, 2012 · 24 filings
SEC status approved since Mar 30, 2012
RAUM
$208M
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
23
16 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
8
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$208M as of Mar 31, 2026
Apr 1, 2013$2.0B then
HNW client RAUM$0 as of Feb 18, 2025
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Apr 1, 20130 then
Employees (5.A)23 as of Mar 31, 2026
Apr 1, 201320 then
Private funds8 as of Mar 31, 2026
Apr 1, 20135 then
RAUM -48% over the last fiscal year-40% a year over threeIARs 0 to 0offices 0 to 1
Practice profile
derived from the filing of Mar 31, 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
$26.0MderivedRAUM 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
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-48%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-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$208M, 8 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 hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$208M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
8reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$208M for 8 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=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
      13 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      W••••••••• C•••••• P••••••• V• L•••Private Equity Fund$724M48Feb 14, 2012
      W••••••••• C•••••• P••••••• V• •••••• I•• L•••Private Equity Fund$54.7M37Mar 31, 2014
      W•• I• V••••• C••• L••no longer reportedPrivate Equity Fund$49.9M5Feb 14, 2012
      W••••••••• C•••••• P••••••• V• •••••••• I•• L•••Private Equity Fund$33.6M19Mar 31, 2015
      W••••••••• C•••••• P••••••• V• ••••••••• L•••Private Equity Fund$27.4M9Feb 14, 2012
      W••••••••• C•••••• P••••••• V• •••••• I••• L•••Private Equity Fund$21.1M12Mar 31, 2014
      W••••••••• C•••••• P••••••• V• •••••••• I••• L•••Private Equity Fund$17.3M4Mar 31, 2015
      C•••••• W••••••••• V• L•••Private Equity Fund$17.3M2Mar 31, 2015
      W••••••••• C•••••• P••••••• I••• L•••no longer reportedPrivate Equity Fund$10.4M39Feb 14, 2012
      W••••••••• C•••••• P••••••• V• ••••••••• •••••••• L•••Private Equity Fund$2.7M9Mar 31, 2014
      W••••••••• C•••••• P••••••• I•• L•••Private Equity Fund$2.2M2Feb 14, 2012
      S••••• C••••••• L•••no longer reportedHedge Fund$916,4551Feb 14, 2012
      W••••••••• C•••••• P••••••• I•• ••••••••• L•••no longer reportedPrivate Equity Fund$69,4535Feb 14, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • D•••••• W••••••• F•••••• · Ownercontrol
        since 12/2007 · owns 25% to 50%
      • F••••••• G•••• S• · Ownercontrol
        since 12/2007 · owns 25% to 50%
      • M••••• S••••• A•••• · Chief Compliance Officer / General Counselcontrol
        since 11/2017 · owns less than 5%
      • O••••••••• L•••• T•••••• · Chief Financial Officercontrol
        since 07/2019 · owns less than 5%
      Related persons
      Schedule D 7.A
      • W•• C••••••••• F••• G•••••• L•••
        investment adviserbankpooled vehicle sponsorn
      • W•• G••••• I•• L•••
        investment adviserbankpooled vehicle sponsorn
      • W•• G••••• V• •••••••• L•••
        investment adviserbankpooled vehicle sponsorn
      • W•• G••••• V• L•••
        investment adviserbankpooled vehicle sponsorn
      • W•• G••••• V• ••••••••• L•
        investment adviserbankpooled vehicle sponsorn
      • W•• G••••• V•• L•
        investment adviserbankpooled vehicle sponsorn
      • W•• G••••• V•• ••••••••• L•••
        investment adviserbankpooled vehicle sponsorn
      • W•• G••••• V••• L•••
        investment adviserbankpooled vehicle sponsorn
      • Revelar Capital LLC
        investment adviserbanknRAUM $4.2B
      Advisers that list W••••••••• C•••••• M••••••••• L•• as a related person
      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 31, 2026
        RAUM (Item 5.F) moved from $401,702,368 to $208,118,748 (-48.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was +4.0% (1148 comparable advisers, 4.0th percentile of changes)
        peers: asset managers, $100M to $500M (1,148) · 3.6% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 9 to 8
        Oct 23, 2025 to Mar 31, 2026
      • Advisory employees · 15 to 16
        Oct 23, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 9 to 8
        Oct 23, 2025 to Mar 31, 2026
      • Assets in custody · $402M to $208M
        Oct 23, 2025 to Mar 31, 2026
      • Employees · 22 to 23
        Oct 23, 2025 to Mar 31, 2026
      • Private funds · 9 to 8
        Oct 23, 2025 to Mar 31, 2026
      • Discretionary RAUM · $402M to $208M
        Oct 23, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $402M to $208M
        Oct 23, 2025 to Mar 31, 2026
      • RAUM · $402M to $208M
        Oct 23, 2025 to Mar 31, 2026
      • Other offices · 0 to 1
        May 16, 2025 to Oct 23, 2025
      • Financial planning clients · unset to
        Mar 28, 2025 to May 16, 2025
      • Advisory employees · 17 to 15
        Feb 18, 2025 to Mar 28, 2025
      • Charity clients · 0.0 to unset
        Feb 18, 2025 to Mar 28, 2025
      • Corporate clients · 0.0 to unset
        Feb 18, 2025 to Mar 28, 2025
      • HNW clients · 0.0 to unset
        Feb 18, 2025 to Mar 28, 2025
      • Individual clients · 0.0 to unset
        Feb 18, 2025 to Mar 28, 2025
      • Pension plan clients · 0.0 to unset
        Feb 18, 2025 to Mar 28, 2025
      • Assets in custody · $423M to $402M
        Feb 18, 2025 to Mar 28, 2025
      • Discretionary RAUM · $901M to $402M
        Feb 18, 2025 to Mar 28, 2025
      • HNW RAUM · 0.0 to unset
        Feb 18, 2025 to Mar 28, 2025
      • Individual RAUM · 0.0 to unset
        Feb 18, 2025 to Mar 28, 2025
      • Pension RAUM · 0.0 to unset
        Feb 18, 2025 to Mar 28, 2025
      • Pooled vehicle RAUM · $901M to $402M
        Feb 18, 2025 to Mar 28, 2025
      • RAUM · $901M to $402M
        Feb 18, 2025 to Mar 28, 2025
      • Assets in custody · $420M to $423M
        Mar 31, 2023 to Mar 26, 2024
      • Employees · 24 to 22
        Mar 31, 2023 to Mar 26, 2024
      • Discretionary RAUM · $942M to $901M
        Mar 31, 2023 to Mar 26, 2024
      • Pooled vehicle RAUM · $942M to $901M
        Mar 31, 2023 to Mar 26, 2024
      • RAUM · $942M to $901M
        Mar 31, 2023 to Mar 26, 2024
      • Assets in custody · $420M to $420M
        Oct 14, 2022 to Mar 31, 2023
      • Discretionary RAUM · $956M to $942M
        Oct 14, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $956M to $942M
        Oct 14, 2022 to Mar 31, 2023
      • RAUM · $956M to $942M
        Oct 14, 2022 to Mar 31, 2023
      • Assets in custody · $415M to $420M
        Mar 23, 2021 to Mar 28, 2022
      • Employees · 23 to 24
        Mar 23, 2021 to Mar 28, 2022
      • Discretionary RAUM · $959M to $956M
        Mar 23, 2021 to Mar 28, 2022
      • Pooled vehicle RAUM · $959M to $956M
        Mar 23, 2021 to Mar 28, 2022
      • RAUM · $959M to $956M
        Mar 23, 2021 to Mar 28, 2022
      • Assets in custody · $571M to $415M
        Mar 30, 2020 to Mar 23, 2021
      • Discretionary RAUM · $1.1B to $959M
        Mar 30, 2020 to Mar 23, 2021
      Signals
      5 dated events
      • W••••••••• C•••••• M••••••••• L•• reported RAUM $208.1M, down 48% from $401.7M (2025-10-23 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • W••••••••• C•••••• M••••••••• L•• reported RAUM $401.7M, down 55% from $900.5M (2025-02-18 to 2025-03-28)
        Mar 28, 2025 · RAUM change · derived
      • Dallan Paul Kaminski (Chief Financial Officer) no longer on Schedule A of W••••••••• C•••••• M••••••••• L•• (listed 2019-03-29, absent 2019-10-03)
        Oct 3, 2019 · Control person left · inference
      • Timothy Liam O'Sullivan (Chief Financial Officer) appeared on Schedule A of W••••••••• C•••••• M••••••••• L••
        Oct 3, 2019 · Control person joined · fact
      • W••••••••• C•••••• M••••••••• L•• reported RAUM $1.1B, down 57% from $2.6B (2018-03-30 to 2018-10-09)
        Oct 9, 2018 · RAUM change · derived
      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/revelar-capital-llcreportedpublic record, Form ADV, Sep 18, 2026
      Firm profile
      linkedin.com/company/wellspring-capital-management-llcreportedpublic record, Form ADV, Sep 18, 2026
      Website
      r•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      212-318-9800reportedpublic record, Form ADV, Mar 31, 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