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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Former SEC-registered adviser

N••• A••• C•••••• M••••••••• L••••••

Former SEC-registered adviserHong Kong, CRD 161462SEC 801-74436IAPD
Latest filing Sep 7, 2022
First filing on the tape Feb 25, 2012 · 21 filings
RAUM
$76.4M
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
5
2 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
$33.2M gross assets
History
21 filings and snapshots on the tape
RAUM$76.4M as of Sep 7, 2022
Sep 28, 2012$778M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Sep 7, 2022
Sep 27, 20130 then
Employees (5.A)5 as of Sep 7, 2022
Sep 27, 201320 then
Private funds1 as of Sep 7, 2022
Sep 28, 20128 then
RAUM -19% over the last fiscal year-20% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Sep 7, 2022; 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
$38.2MderivedRAUM 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
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-19%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
$33.2M, 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
  • 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$33.2M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$33.2M for 1 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      12 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      N••• A••• P•••••••• L•••no longer reportedHedge Fund$77.8M20Feb 25, 2012
      T•••• N••• P•••••••• L•••no longer reportedHedge Fund$59.9M2Feb 25, 2012
      N••• C•••••••• P•••••••• L•no longer reportedHedge Fund$55.4M9Feb 25, 2012
      N••• S•••••••• F••• L•••Hedge Fund$33.2M3Sep 27, 2019
      N••• M••••• F••• J•••• O••• T•••••• L•••no longer reportedHedge Fund$23.5M1Sep 28, 2017
      N••• K• P•••••••• L•no longer reportedHedge Fund$20.6M5Sep 28, 2012
      N••• K••• P•••••••• L•••no longer reportedHedge Fund$16.6M5Feb 25, 2012
      N••• C•••• F••• L•••no longer reportedHedge Fund$15.9M1Sep 27, 2019
      N••• M••••• F•••• L•••no longer reportedHedge Fund$11.8M6Feb 25, 2012
      N••• T•• P•••••••• L•••no longer reportedHedge Fund$9.6M4Feb 25, 2012
      N••• J•••• F•••• L•••no longer reportedHedge Fund$8.0M5Feb 25, 2012
      N••• K••••••• F•••• L•••no longer reportedHedge Fund$7.2M2Sep 28, 2015
      Owners and control persons
      Schedule A and B, latest filing
      • L••• S• K••• · Director, Coo And Ccocontrol
        since 09/2020 · owns less than 5%
      • S•••••• S•••••• D•••• · Chief Executive Officer Of N••• Groupcontrol
        since 04/2016 · owns less than 5%
      • W••••• D•••••• J••• · Chief Financial Officer And Directorcontrol
        since 04/2011 · owns less than 5%
      • F•••••••• F••••• · Shareholdercontrol
        since 08/2019 · owns 25% to 50% of N••• G•••• G• L•••
      • K••••••• R••••••• P•••••• · Investment Advisorcontrol
        since 12/2012 · owns F of R•••••• P•••••• K•••••• F••••• T••••
      • K••••••• R••••••• P•••••• · Shareholdercontrol
        since 08/2019 · owns 25% to 50% of N••• G•••• G• L•••
      • S•••••• S•••••• D•••• · L•••••• Partnercontrol
        since 12/2015 · owns 25% to 50% of N••• G••••• L•••
      • S•••••• S•••••• D•••• · Investment Advisorcontrol
        since 12/2012 · owns F of H•••• G•••• I• T••••
      • S•••••• S•••••• D•••• · Investment Advisorcontrol
        since 12/2012 · owns F of H•••• G•••• I• T••••
      • S•••••• S•••••• D•••• · Shareholdercontrol
        since 08/2019 · owns 25% to 50% of N••• G•••• G• L•••
      • S••••••• V•• · Non-Discretionary Trustee
        since 08/2019 · owns F of R•••••• P•••••• K•••••• F••••• T••••
      • S••••••• V•• · Non-Discretionary Trustee
        since 08/2019 · owns F of H•••• G•••• I• T••••
      • S••••••• V•• · Non-Discretionary Trustee
        since 08/2019 · owns F of H•••• G•••• I• T••••
      Entity owners
      • N••• G•••• S••••••• · Shareholder
        direct · owns 50% to 75%
      • H•••• G•••• I• T•••• · Managing Member
        indirect · owns 75% or more of H•••• G•••• I LLC
      • H•••• G•••• I• T•••• · Managing Member
        indirect · owns 75% or more of H•••• G•••• II LLC
      • N••• G•••• G• L••• · General Partner
        indirect · owns F of N••• G••••• L•••
      • N••• G••••• L••• · Shareholder
        indirect · owns 75% or more of N••• G•••• S•••••••
      • R•••••• P•••••• K•••••• F••••• T•••• · Managing Member
        indirect · owns F of H••••• H••••••• L••
      • H••••• H••••••• L•• · Shareholder
        direct · owns 10% to 25%
      • H•••• G•••• I• L•• · Shareholder
        direct · owns 5% to 10%
      • H•••• G•••• I•• L•• · Shareholder
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      Advisers that list N••• A••• C•••••• M••••••••• L•••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY2 employees
      • Tokyo, Japan
      What changed
      consecutive filings, newest first
      • Assets in custody · $43.3M to $33.2M
        Sep 16, 2021 to Sep 7, 2022
      • Discretionary RAUM · $94.9M to $76.4M
        Sep 16, 2021 to Sep 7, 2022
      • Pooled vehicle RAUM · $43.3M to $33.2M
        Sep 16, 2021 to Sep 7, 2022
      • RAUM · $94.9M to $76.4M
        Sep 16, 2021 to Sep 7, 2022
      • Accounts · 3 to 2
        Oct 8, 2020 to Sep 16, 2021
      • Assets in custody · $49.8M to $43.3M
        Oct 8, 2020 to Sep 16, 2021
      • Employees · 6 to 5
        Oct 8, 2020 to Sep 16, 2021
      • Discretionary RAUM · $118M to $94.9M
        Oct 8, 2020 to Sep 16, 2021
      • Pooled vehicle RAUM · $49.8M to $43.3M
        Oct 8, 2020 to Sep 16, 2021
      • RAUM · $118M to $94.9M
        Oct 8, 2020 to Sep 16, 2021
      • Employees · 7 to 6
        Sep 28, 2020 to Oct 8, 2020
      • Advisory employees · 3 to 2
        Aug 19, 2020 to Sep 28, 2020
      • Assets in custody · $49.7M to $49.8M
        Aug 19, 2020 to Sep 28, 2020
      • Employees · 13 to 7
        Aug 19, 2020 to Sep 28, 2020
      • Private funds · 3 to 1
        Aug 19, 2020 to Sep 28, 2020
      • Discretionary RAUM · $176M to $118M
        Aug 19, 2020 to Sep 28, 2020
      • Pooled vehicle RAUM · $49.7M to $49.8M
        Aug 19, 2020 to Sep 28, 2020
      • RAUM · $176M to $118M
        Aug 19, 2020 to Sep 28, 2020
      • Accounts · 5 to 3
        Sep 27, 2019 to Jan 13, 2020
      • Pooled vehicle clients · 3 to 1
        Sep 27, 2019 to Jan 13, 2020
      • Assets in custody · $64.6M to $49.7M
        Sep 27, 2019 to Jan 13, 2020
      • Discretionary RAUM · $147M to $176M
        Sep 27, 2019 to Jan 13, 2020
      • Pooled vehicle RAUM · $64.6M to $49.7M
        Sep 27, 2019 to Jan 13, 2020
      • RAUM · $147M to $176M
        Sep 27, 2019 to Jan 13, 2020
      • Advisory employees · 5 to 3
        Jun 13, 2019 to Sep 27, 2019
      • Assets in custody · $109M to $64.6M
        Jun 13, 2019 to Sep 27, 2019
      • Employees · 25 to 13
        Jun 13, 2019 to Sep 27, 2019
      • Discretionary RAUM · $736M to $147M
        Jun 13, 2019 to Sep 27, 2019
      • Pooled vehicle RAUM · $165M to $64.6M
        Jun 13, 2019 to Sep 27, 2019
      • RAUM · $736M to $147M
        Jun 13, 2019 to Sep 27, 2019
      • Accounts · 12 to 5
        Sep 28, 2017 to Sep 28, 2018
      • Advisory activities · 1 to 2
        Sep 28, 2017 to Sep 28, 2018
      • Pooled vehicle clients · unset to 3.0
        Sep 28, 2017 to Sep 28, 2018
      • Assets in custody · $223M to $109M
        Sep 28, 2017 to Sep 28, 2018
      • Custody of client assets · false to true
        Sep 28, 2017 to Sep 28, 2018
      • Employees · 28 to 25
        Sep 28, 2017 to Sep 28, 2018
      • Other offices · unset to 2.0
        Sep 28, 2017 to Sep 28, 2018
      • Private funds · 5 to 3
        Sep 28, 2017 to Sep 28, 2018
      • Discretionary RAUM · $395M to $736M
        Sep 28, 2017 to Sep 28, 2018
      • Pooled vehicle RAUM · unset to 165201470.0
        Sep 28, 2017 to Sep 28, 2018
      Signals
      10 dated events
      • Angela Cristina Maria Tordesillas (General Counsel) no longer on Schedule A of N••• A••• C•••••• M••••••••• L•••••• (listed 2020-09-28, absent 2020-10-08)
        Oct 8, 2020 · Control person left · inference
      • Loretta Shau Ting Lam (Chief Operating Officer) no longer on Schedule A of N••• A••• C•••••• M••••••••• L•••••• (listed 2020-08-19, absent 2020-09-28)
        Sep 28, 2020 · Control person left · inference
      • Su K••• Lee (Director) appeared on Schedule A of N••• A••• C•••••• M••••••••• L••••••
        Aug 19, 2020 · Control person joined · fact
      • Fuyuki Fujiwara (Shareholder) appeared on Schedule A of N••• A••• C•••••• M••••••••• L••••••
        Jan 20, 2020 · Control person joined · fact
      • Nicholas Longcroft (Shareholder) no longer on Schedule A of N••• A••• C•••••• M••••••••• L•••••• (listed 2019-09-27, absent 2020-01-13)
        Jan 13, 2020 · Control person left · inference
      • N••• A••• C•••••• M••••••••• L•••••• reported RAUM $147.4M, down 80% from $735.7M (2019-06-13 to 2019-09-27)
        Sep 27, 2019 · RAUM change · derived
      • Loretta Shau Ting Lam (Chief Operating Officer) appeared on Schedule A of N••• A••• C•••••• M••••••••• L••••••
        Sep 27, 2019 · Control person joined · fact
      • Naoaki Urabe (Management Committee Member) no longer on Schedule A of N••• A••• C•••••• M••••••••• L•••••• (listed 2019-06-13, absent 2019-09-27)
        Sep 27, 2019 · Control person left · inference
      • Fuyuki Fujiwara (Management Committee Member) no longer on Schedule A of N••• A••• C•••••• M••••••••• L•••••• (listed 2019-06-13, absent 2019-09-27)
        Sep 27, 2019 · Control person left · inference
      • N••• A••• C•••••• M••••••••• L•••••• reported RAUM $735.7M, up 86% from $394.7M (2017-09-28 to 2018-09-28)
        Sep 28, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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
      Former SEC-registered adviserderiveda 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