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
D•••••••• C•••••• M••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Feb 14, 2012 · 27 filings
SEC status approved since Mar 30, 2012
RAUM
$6.7B
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
36
20 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
15
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$6.7B as of Mar 31, 2026
Mar 28, 2013$21B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20130 then
Employees (5.A)36 as of Mar 31, 2026
Mar 28, 201363 then
Private funds15 as of Mar 31, 2026
Mar 28, 201312 then
RAUM +57% over the last fiscal year+39% a year over threeIARs 0 to 0
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
- $450MderivedRAUM 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
- +57%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-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $3.5B, 2 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$6.7B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 15reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $3.5B for 2 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
42 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| D•••••••• G••••• O••••••••• M••••• F•••• L••• | Hedge Fund | $2.0B | 66 | Feb 14, 2012 |
| D•••••••• G••••• O••••••••• P•••••••• L• | Hedge Fund | $938M | 47 | Feb 14, 2012 |
| D•••••••• S•••••• O••••••••• I• M•••••• L•no longer reported | Hedge Fund | $833M | 19 | Mar 31, 2017 |
| D•••••••• G••••• F•••• M••••• F•••• L•••no longer reported | Hedge Fund | $578M | 42 | Feb 14, 2012 |
| D•••••••• G••••• F•••• P•••••••• L•no longer reported | Hedge Fund | $324M | 30 | Feb 14, 2012 |
| D•••••••• G••••• P•••••• I••••••••• L•••no longer reported | Private Equity Fund | $242M | 17 | Mar 30, 2018 |
| D•••••••• S•••••• O••••••••• I•• L•••no longer reported | Hedge Fund | $240M | 7 | Mar 31, 2017 |
| D• U•••••• L•no longer reported | Private Equity Fund | $229M | 34 | Mar 30, 2018 |
| D•••••••• G••••• M•••• M••••• F•••• L•••no longer reported | Hedge Fund | $210M | 15 | Feb 14, 2012 |
| D••••• L• | Private Equity Fund | $147M | 15 | Mar 29, 2019 |
| D•••••••• G••••• B••••• P••••••• L• | Hedge Fund | $144M | 5 | Mar 30, 2018 |
| D•••••••• G••••• O••••••••• F•••• L••• | Hedge Fund | $125M | 19 | Feb 14, 2012 |
| D••• L• | Private Equity Fund | $110M | 42 | Mar 31, 2021 |
| D•••••••• G••••• M•••• P••••••••• L•no longer reported | Hedge Fund | $88.9M | 4 | Feb 14, 2012 |
| D•••••••• G••••• M•••• F•••• L•••no longer reported | Hedge Fund | $53.9M | 11 | Feb 14, 2012 |
| D•••••••• S•••••• O••••••••• I• L•no longer reported | Private Equity Fund | $52.5M | 13 | Mar 30, 2016 |
| D•••••••• S•••••• O••••••••• I•• L•no longer reported | Hedge Fund | $52.1M | 12 | Mar 31, 2017 |
| D• R••• 2• L•no longer reported | Private Equity Fund | $45.2M | 3 | Mar 30, 2018 |
| D••• L• | Private Equity Fund | $44.3M | 25 | Mar 29, 2019 |
| D••• ••••••• L• | Private Equity Fund | $30.9M | 4 | Mar 29, 2019 |
| D•••••••• G••••• P•••••• I••••••••• I•• L•••no longer reported | Private Equity Fund | $29.2M | 11 | Mar 30, 2018 |
| D••••• L• | Private Equity Fund | $26.9M | 13 | Mar 29, 2019 |
| D•••••••• N•••••• M••••• F•••• L••• | Hedge Fund | $23.2M | 19 | Nov 26, 2021 |
| D•••••••• G••••• F•••• F•••• L•••no longer reported | Hedge Fund | $21.6M | 12 | Feb 14, 2012 |
| D••••• ••••••• L•no longer reported | Private Equity Fund | $20.2M | 2 | Mar 29, 2019 |
| D• A•• 2•• L• | Private Equity Fund | $17.9M | 8 | Mar 29, 2019 |
| D••• L• | Private Equity Fund | $17.5M | 27 | Mar 31, 2021 |
| D• U•••••• ••••••• L•no longer reported | Private Equity Fund | $16.8M | 5 | Mar 29, 2019 |
| D•••••••• N•••••• F••• L• | Hedge Fund | $13.6M | 14 | Nov 26, 2021 |
| D••••• ••••••• L• | Private Equity Fund | $12.2M | 1 | Mar 29, 2019 |
| D•••••••• S•••••• O••••••••• I•• M••••• F•••• L••• | Hedge Fund | $11.2M | 7 | Feb 28, 2019 |
| D•••••••• S•••••• O••••••••• I••• L• | Hedge Fund | $9.2M | 6 | Feb 28, 2019 |
| D•••••••• S•••••• O••••••••• I• M••••• F•••• L•••no longer reported | Hedge Fund | $7.3M | 14 | Feb 28, 2019 |
| D•••••••• S•••••• O••••••••• I•• L•no longer reported | Hedge Fund | $6.9M | 13 | Feb 28, 2019 |
| D•••••••• G••••• C••••••• M••••• F•••• L•••no longer reported | Hedge Fund | $3.2M | 22 | Feb 14, 2012 |
| D• A•• 2•• ••••••• L• | Private Equity Fund | $2.7M | 1 | Mar 29, 2019 |
| D•••••••• N•••••• F•••• L••• | Hedge Fund | $2.5M | 5 | Nov 26, 2021 |
| D•••••••• G••••• C••••••• P•••••••• L•no longer reported | Hedge Fund | $2.0M | 13 | Feb 14, 2012 |
| D•••••••• S•••••• O••••••••• I••• L••• | Hedge Fund | $1.7M | 1 | Feb 28, 2019 |
| D••••• ••••••• L• | Private Equity Fund | $659,056 | 2 | Mar 29, 2019 |
Owners and control persons
Schedule A and B, latest filing
- C••••••• R•••••• K•••••• · Principalcontrolsince 04/1999 · owns less than 5%
- G•••••••• M••••••• A•••••• · Chief Operating Officercontrolsince 01/2013 · owns less than 5%
- S••••••• A•••• •••• · General Counsel/Chief Compliance Officercontrolsince 02/2011 · owns less than 5%
- S••••••••• N•••••••• M•••••• · Chief Financial Officercontrolsince 11/2016 · owns less than 5%
- C••••••• R•••••• K•••••• · Managing Membercontrolsince 01/2017 · owns 75% or more of D•••••••• C•••••• M••••••••• H•••••• C•• G•• L••
- C••••••• R•••••• K•••••• · Limited Partnercontrolsince 01/2017 · owns 75% or more of D•••••••• C•••••• M••••••••• H•••••• C••• L•
Entity owners
- D•••••••• C•••••• M••••••••• H•••••• C••• L• · Managing Memberdirect · owns 75% or more
- D•••••••• C•••••• M••••••••• H•••••• C•• G•• L•• · General Partnerindirect · owns F of D•••••••• C•••••• M••••••••• H•••••• C••• L•
Related persons
Schedule D 7.A
- D••• G• L••pooled vehicle sponsory
- D• A•• 2•• G• L••pooled vehicle sponsory
- D••••• G• L••pooled vehicle sponsory
- D••••• G• L••pooled vehicle sponsory
- D•••••••• G••••• B••••• G• L••pooled vehicle sponsory
- D••• G• L••pooled vehicle sponsory
- D••• G• L••pooled vehicle sponsory
- D•• I•• G• L••pooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 19 to 20Mar 28, 2025 to Mar 31, 2026
- Assets in custody · $2.0B to $3.5BMar 28, 2025 to Mar 31, 2026
- Discretionary RAUM · $4.3B to $6.7BMar 28, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $4.3B to $6.7BMar 28, 2025 to Mar 31, 2026
- RAUM · $4.3B to $6.7BMar 28, 2025 to Mar 31, 2026
- Accounts · 17 to 15Mar 28, 2024 to Mar 28, 2025
- Advisory employees · 18 to 19Mar 28, 2024 to Mar 28, 2025
- Pooled vehicle clients · 17 to 15Mar 28, 2024 to Mar 28, 2025
- Assets in custody · $1.1B to $2.0BMar 28, 2024 to Mar 28, 2025
- Employees · 35 to 36Mar 28, 2024 to Mar 28, 2025
- Financial planning clients · unset to Mar 28, 2024 to Mar 28, 2025
- Private funds · 17 to 15Mar 28, 2024 to Mar 28, 2025
- Discretionary RAUM · $2.6B to $4.3BMar 28, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $2.6B to $4.3BMar 28, 2024 to Mar 28, 2025
- RAUM · $2.6B to $4.3BMar 28, 2024 to Mar 28, 2025
- Accounts · 20 to 17Mar 31, 2023 to Mar 28, 2024
- Pooled vehicle clients · 20 to 17Mar 31, 2023 to Mar 28, 2024
- Assets in custody · $1.2B to $1.1BMar 31, 2023 to Mar 28, 2024
- Private funds · 20 to 17Mar 31, 2023 to Mar 28, 2024
- Discretionary RAUM · $2.5B to $2.6BMar 31, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $2.5B to $2.6BMar 31, 2023 to Mar 28, 2024
- RAUM · $2.5B to $2.6BMar 31, 2023 to Mar 28, 2024
- Accounts · 22 to 20Oct 20, 2022 to Mar 31, 2023
- Advisory employees · 22 to 18Oct 20, 2022 to Mar 31, 2023
- Pooled vehicle clients · 22 to 20Oct 20, 2022 to Mar 31, 2023
- Assets in custody · $1.7B to $1.2BOct 20, 2022 to Mar 31, 2023
- Employees · 43 to 35Oct 20, 2022 to Mar 31, 2023
- Private funds · 22 to 20Oct 20, 2022 to Mar 31, 2023
- Discretionary RAUM · $3.7B to $2.5BOct 20, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $3.7B to $2.5BOct 20, 2022 to Mar 31, 2023
- RAUM · $3.7B to $2.5BOct 20, 2022 to Mar 31, 2023
- Accounts · 19 to 22Nov 26, 2021 to Mar 31, 2022
- Advisory employees · 21 to 22Nov 26, 2021 to Mar 31, 2022
- Pooled vehicle clients · 19 to 22Nov 26, 2021 to Mar 31, 2022
- Assets in custody · $1.1B to $1.7BNov 26, 2021 to Mar 31, 2022
- Employees · 44 to 43Nov 26, 2021 to Mar 31, 2022
- Discretionary RAUM · $3.7B to $3.7BNov 26, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $3.7B to $3.7BNov 26, 2021 to Mar 31, 2022
- RAUM · $3.7B to $3.7BNov 26, 2021 to Mar 31, 2022
- Private funds · 19 to 22May 20, 2021 to Nov 26, 2021
Signals
7 dated events
- D•••••••• C•••••• M••••••••• L•• reported RAUM $6.7B, up 57% from $4.3B (2025-03-28 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- D•••••••• C•••••• M••••••••• L•• reported RAUM $4.3B, up 68% from $2.6B (2024-03-28 to 2025-03-28)Mar 28, 2025 · RAUM change · derived
- D•••••••• C•••••• M••••••••• L•• reported RAUM $2.5B, down 33% from $3.7B (2022-10-20 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- (Nmn) Stephanie Ercegovic (President) no longer on Schedule A of D•••••••• C•••••• M••••••••• L•• (listed 2022-03-31, absent 2022-10-20)Oct 20, 2022 · Control person left · inference
- D•••••••• C•••••• M••••••••• L•• reported RAUM $3.7B, down 75% from $14.8B (2020-01-13 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- Lynn Deborah Box (Chief Compliance Officer) no longer on Schedule A of D•••••••• C•••••• M••••••••• L•• (listed 2019-03-29, absent 2020-01-13)Jan 13, 2020 · Control person left · inference
- D•••••••• C•••••• M••••••••• L•• reported RAUM $14.4B, down 56% from $33.1B (2017-03-31 to 2018-03-30)Mar 30, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- D•••••••• C•••••• M••••••••• L•• · Independent Sponsorsshared crd · capital_provider
- D•••••••• C•••••• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- discoverycapitalmanagement.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 203-838-3188reportedpublic 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