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.
SEC-registered adviser
Capitalspring
Legal name Csfc Management Company, LLC
Latest filing Mar 30, 2026
First filing on the tape Feb 15, 2012 · 32 filings
SEC status approved since Mar 30, 2012
RAUM
$2.8B
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
35
23 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
13
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$2.8B as of Mar 30, 2026
Mar 25, 2013$345M then
HNW client RAUM$0 as of Mar 30, 2020
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 25, 20130 then
Employees (5.A)35 as of Mar 30, 2026
Mar 25, 201319 then
Private funds13 as of Mar 30, 2026
Mar 25, 20139 then
RAUM +3.0% over the last fiscal year+8.0% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
- 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
- $187MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 11%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +3.0%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $1.8B, 15 clientsreportedItem 9.A
- Ownership
- a PE fund or sponsor is a 25 percent or greater owner 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)
- 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$2.5B89%
- State and municipal entities$288M10%
- Charitable organizations$25.4M0.9%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 1reported
- Accounts
- 15reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.8B for 15 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.89 institutional_share=0.11 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
24 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Capitalspring Investment Partners Vi LP | Private Equity Fund | $559M | 71 | Mar 28, 2021 |
| Capitalspring Investment Partners V, LP | Private Equity Fund | $420M | 102 | Mar 30, 2017 |
| Capitalspring Investment Partners Vi Parallel II, LP | Private Equity Fund | $351M | 24 | Mar 28, 2021 |
| Cs Adjacent Investment Partners, LP | Private Equity Fund | $230M | 7 | Mar 27, 2019 |
| Capitalspring Finance Company, LLCno longer reported | Private Equity Fund | $219M | 22 | Feb 15, 2012 |
| Capitalspring Investment Partners V Parallel II, LP | Private Equity Fund | $181M | 12 | Mar 30, 2017 |
| Capitalspring Investment Partners V Parallel III, LP | Private Equity Fund | $154M | 37 | Mar 30, 2017 |
| Csfc Financing II LLC | Private Equity Fund | $118M | 2 | Feb 15, 2012 |
| Capitalspring Investment Partners Vi Parallel, LP | Private Equity Fund | $83.7M | 3 | Mar 30, 2023 |
| Capitalspring Sbic II, LP | Hedge Fund | $79.0M | 40 | Mar 28, 2024 |
| Csfc Financing I, LLC | Private Equity Fund | $28.6M | 1 | Mar 30, 2016 |
| Csdlp Civ, LP | Private Equity Fund | $15.6M | 5 | Mar 30, 2023 |
| Capitalspring Direct Lending Partners, LP | Private Equity Fund | $2.1M | 61 | Aug 21, 2013 |
| Capitalspring Direct Lending Partners Parallel, LP | Private Equity Fund | $776,408 | 6 | Aug 21, 2013 |
| Franchise Equity Capital Partners II, L.P.no longer reported | Private Equity Fund | $609,544 | 4 | Feb 15, 2012 |
| Capitalspring Direct Lending Partners US Parallel, LP | Private Equity Fund | $501,549 | 57 | Aug 21, 2013 |
| Franchise Capital Partners III, L.P.no longer reported | Private Equity Fund | $409,398 | 17 | Feb 15, 2012 |
| Franchise Capital Partners III Parallel, LPno longer reported | Private Equity Fund | $334,726 | 2 | Feb 15, 2012 |
| Capitalspring Investment Partners V Parallel, LPno longer reported | Private Equity Fund | $166,372 | 4 | Mar 30, 2017 |
| Franchise Capital Partners III US Parallel, L.P.no longer reported | Private Equity Fund | $164,042 | 4 | Feb 15, 2012 |
| Franchise Equity Capital Partners II Parallel, L.P.no longer reported | Private Equity Fund | $75,409 | 2 | Feb 15, 2012 |
| Capitalspring, LLCno longer reported | Private Equity Fund | $67,913 | 30 | Feb 15, 2012 |
| Capitalspring Direct Lending Partners US Parallel II, LP | Private Equity Fund | $65,003 | 0 | Aug 21, 2013 |
| Franchise Equity Capital Partners I, LLCno longer reported | Private Equity Fund | $0 | 17 | Feb 15, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Handly Richard Fitzgerald · Managing Partnercontrolsince 12/2010 · owns less than 5%
- Allen Thomas Mckinney · General Counsel & Ccocontrolsince 09/2016 · owns less than 5%
- Michael Richard Daley · Managercontrolsince 04/2020 · owns F of Vpcrf Holdco, LLC
- Handly Richard Fitzgerald · Managercontrolsince 04/2020 · owns F of Vpcrf Holdco, LLC
Entity owners
- Capitalspring Finance Company, LLC · Memberdirect · owns 75% or more
- Volunteer Park Capital Fund, Scsp · Memberindirect · owns 75% or more of Vpcrf Holdco, LLC
- Vpcrf Holdco, LLC · Memberindirect · owns 25% to 50% of Capitalspring Finance Company, LLC
Related persons
Schedule D 7.A
- Capitalspring Finance Company, LLCpooled vehicle sponsorn
- Capitalspring Sbic Gp, LLCinvestment adviserpooled vehicle sponsorn
- Capitalspring Sbic II, Gp, LLCinvestment adviserpooled vehicle sponsorn
- Cs Adjacent Investment Partners Gp, LLCinvestment adviserpooled vehicle sponsorn
- Cs Adjacent Investment Partners Parallel Gp, LLCinvestment advisern
- Csdlp Carry Vehicle II, LLCinvestment adviserpooled vehicle sponsorn
- Csdlp Carry Vehicle, LLCinvestment adviserpooled vehicle sponsorn
- Csdlp General Partner LLCinvestment adviserpooled vehicle sponsorn
- Csip V Carry Vehicle, LLCinvestment adviserpooled vehicle sponsorn
- Csip V General Partner, LLCinvestment adviserpooled vehicle sponsorn
- Csip Vi General Partner, LLCinvestment adviserpooled vehicle sponsorn
- Csks Opportunities Fund Gp LLCinvestment advisern
- Richard H. Fitzgeraldpooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
- El Segundo, CA6 employees
- New York, NY2 employees
- Atlanta, GA1 employees
- Dallas, TX1 employees
What changed
consecutive filings, newest first
- Accounts · 13 to 15Mar 28, 2025 to Mar 30, 2026
- Advisory employees · 24 to 23Mar 28, 2025 to Mar 30, 2026
- Pooled vehicle clients · 11 to 13Mar 28, 2025 to Mar 30, 2026
- Assets in custody · $2.0B to $1.8BMar 28, 2025 to Mar 30, 2026
- Employees · 34 to 35Mar 28, 2025 to Mar 30, 2026
- Private funds · 11 to 13Mar 28, 2025 to Mar 30, 2026
- Discretionary RAUM · $2.7B to $2.8BMar 28, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $2.4B to $2.5BMar 28, 2025 to Mar 30, 2026
- RAUM · $2.7B to $2.8BMar 28, 2025 to Mar 30, 2026
- Accounts · 17 to 13Mar 28, 2024 to Mar 28, 2025
- Advisory employees · 21 to 24Mar 28, 2024 to Mar 28, 2025
- Pooled vehicle clients · 15 to 11Mar 28, 2024 to Mar 28, 2025
- Assets in custody · $1.9B to $2.0BMar 28, 2024 to Mar 28, 2025
- Employees · 33 to 34Mar 28, 2024 to Mar 28, 2025
- Financial planning clients · unset to Mar 28, 2024 to Mar 28, 2025
- Private funds · 15 to 11Mar 28, 2024 to Mar 28, 2025
- Discretionary RAUM · $2.5B to $2.7BMar 28, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $2.2B to $2.4BMar 28, 2024 to Mar 28, 2025
- RAUM · $2.5B to $2.7BMar 28, 2024 to Mar 28, 2025
- Advisory employees · 17 to 21May 2, 2023 to Mar 28, 2024
- Charity clients · 2 to 1May 2, 2023 to Mar 28, 2024
- Pooled vehicle clients · 14 to 15May 2, 2023 to Mar 28, 2024
- Assets in custody · $1.3B to $1.9BMay 2, 2023 to Mar 28, 2024
- Employees · 28 to 33May 2, 2023 to Mar 28, 2024
- Private funds · 14 to 15May 2, 2023 to Mar 28, 2024
- Discretionary RAUM · $2.2B to $2.5BMay 2, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $1.9B to $2.2BMay 2, 2023 to Mar 28, 2024
- RAUM · $2.2B to $2.5BMay 2, 2023 to Mar 28, 2024
- Accounts · 15 to 17Mar 31, 2022 to Mar 30, 2023
- Advisory employees · 16 to 17Mar 31, 2022 to Mar 30, 2023
- Pooled vehicle clients · 12 to 14Mar 31, 2022 to Mar 30, 2023
- Assets in custody · $1.3B to $1.3BMar 31, 2022 to Mar 30, 2023
- Employees · 26 to 28Mar 31, 2022 to Mar 30, 2023
- Private funds · 12 to 14Mar 31, 2022 to Mar 30, 2023
- Discretionary RAUM · $2.1B to $2.2BMar 31, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $1.8B to $1.9BMar 31, 2022 to Mar 30, 2023
- RAUM · $2.1B to $2.2BMar 31, 2022 to Mar 30, 2023
- Accounts · 16 to 15Mar 28, 2021 to Mar 31, 2022
- Corporate clients · unset to 0.0Mar 28, 2021 to Mar 31, 2022
- HNW clients · unset to 0.0Mar 28, 2021 to Mar 31, 2022
Signals
4 dated events
- L Christina Houghton (Chief Financial Officer) no longer on Schedule A of Capitalspring (listed 2022-03-31, absent 2023-03-30)Mar 30, 2023 · Control person left · inference
- Capitalspring reported RAUM $2.1B, up 29% from $1.6B (2021-03-28 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Michael Richard Daley (Manager) appeared on Schedule A of CapitalspringMar 31, 2022 · Control person joined · fact
- Capitalspring reported RAUM $1.3B, up 35% from $952.4M (2017-09-01 to 2018-03-30)Mar 30, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- CapitalSpring · Independent Sponsorsshared crd · capital_provider
- Capitalspring · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/capitalspringreportedpublic record, Form ADV, Sep 17, 2026
- Website
- CAPITALSPRING.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 212-981-0140reportedpublic record, Form ADV, Mar 30, 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