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
R• M••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Feb 15, 2012 · 23 filings
SEC status approved since Mar 30, 2012
RAUM
$2.1B
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
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$2.1B as of Mar 31, 2026
Apr 1, 2013$8.6B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Apr 1, 20130 then
Employees (5.A)2 as of Mar 31, 2026
Apr 1, 201319 then
Private funds1 as of Mar 31, 2026
Apr 1, 201312 then
RAUM -88% over the last fiscal year-49% a year over threeIARs 0 to 0offices 1 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
- $306MderivedRAUM 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
- -88%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-based, otherreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- 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)
- 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$2.1B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 7reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, 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
20 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| R•• I••••••••• H•••••••• L•no longer reported | Private Equity Fund | $2.1B | 12 | Feb 15, 2012 |
| R•• I••••••••• P•••••••• L•no longer reported | Private Equity Fund | $1.8B | 2 | Feb 15, 2012 |
| R•• U• P••••••• 2•••• L• | Private Equity Fund | $1.6B | 66 | Mar 27, 2020 |
| R•• I••••••••• F•••••• P••••••••• L• | Hedge Fund | $1.5B | 40 | Apr 29, 2021 |
| R•• H•••••••• L•no longer reported | Private Equity Fund | $1.1B | 1 | Feb 15, 2012 |
| R•• I••••••••• H••••••• 2•••• L•no longer reported | Private Equity Fund | $1.0B | 1 | Mar 27, 2020 |
| R•• U• P•••••••• L•no longer reported | Private Equity Fund | $858M | 14 | Feb 15, 2012 |
| R•• U• P••••••• I•• L•no longer reported | Private Equity Fund | $415M | 6 | Feb 15, 2012 |
| R•• I••••••••• P••••••• I•• L•no longer reported | Private Equity Fund | $344M | 2 | Feb 15, 2012 |
| R•• B•••••••• H•••••••• L•••no longer reported | Private Equity Fund | $72.8M | 52 | Mar 29, 2018 |
| R•••••• P••••• C••••• H•••••••• L•no longer reported | Private Equity Fund | $61.9M | 24 | Feb 15, 2012 |
| R•••••• P••••• C••••• P•••••••• L•no longer reported | Private Equity Fund | $61.9M | 2 | Feb 15, 2012 |
| R•• B•••••••• H•••••••• L•no longer reported | Private Equity Fund | $32.8M | 52 | Mar 27, 2020 |
| R•• B•••••••• I••••••••• L•no longer reported | Private Equity Fund | $29.6M | 57 | Mar 29, 2018 |
| R•••••• P••••• U• P••••••• L•no longer reported | Private Equity Fund | $20.6M | 40 | Feb 15, 2012 |
| R•• I••••••••• P••••••• 2•••• L• | Private Equity Fund | $20.2M | 2 | Mar 27, 2020 |
| R•••••• P••••• U• P••••••• 2•••• L•no longer reported | Private Equity Fund | $1.5M | 9 | Feb 15, 2012 |
| R•••••• P••••• C••••• H••••••• 2•••• L•no longer reported | Private Equity Fund | $724,936 | 7 | Feb 15, 2012 |
| R•••••• P••••• C••••• P••••••• 2•••• L•no longer reported | Private Equity Fund | $724,936 | 2 | Feb 15, 2012 |
| R•••••• P••••• S••••• | Private Equity Fund | $0 | 0 | Apr 29, 2021 |
Owners and control persons
Schedule A and B, latest filing
- C••••• T•••••••• P•••••• · Chief Financial Officercontrolsince 03/2019 · owns less than 5%
- L••••••••• P••••• G•••••• · Chief Executive Officer And Managing Membercontrolsince 08/2003 · owns 50% to 75%
- L••••• G•••••• W•••••• · Executive Vice President And Chief Legal Officercontrolsince 07/2011 · owns less than 5%
- U••••• M•••••••• J••••••• · Executive Vice President, Head Of Research And Investmentscontrolsince 04/2022 · owns less than 5%
- E••• D••••••• P•••• · Chief Administrative Officersince 12/2014 · owns less than 5%
- M•••••••• A•••••• R•••••• · Executive Vice President And General Counselsince 10/2022 · owns less than 5%
- R••••• C••••••• J••••• · Chief Compliance Officersince 03/2022 · owns less than 5%
- S••••••••• E•••• C•••••••• · Chief Technology Officersince 09/2023 · owns less than 5%
Entity owners
- R• M•• H••••••• L•• · Memberdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- P••••• M••••••••• ••••••• L•••pooled vehicle sponsorn
- P••••••••• I•••••••• L•pooled vehicle sponsorn
- P•••••••• A•••••••• L•investment advisernRAUM $3.0B
- R•• E•• H•••••••• L•pooled vehicle sponsorn
Advisers that list R• M••••••••• L•• as a related person
- 161150 n
Offices
Schedule D 1.F, the 25 largest
- San Francisco, CA1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- employee count dropChange between filings · filing Mar 31, 2026employees (Item 5.A) moved from 90.0 to 2.0 (-98.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was 0.0% (1109 comparable advisers, 0.0th percentile of changes)peers: asset managers, $1B to $5B (1,109) · 0.1% percentile
- RAUM down 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $18,343,551,765 to $2,139,046,014 (-88.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +11.0% (1368 comparable advisers, 0.0th percentile of changes)peers: asset managers, $1B to $5B (1,368) · 0.1% percentile
What changed
consecutive filings, newest first
- Discretionary RAUM · $1.4B to $2.1BJun 15, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $1.4B to $2.1BJun 15, 2025 to Mar 31, 2026
- RAUM · $1.4B to $2.1BJun 15, 2025 to Mar 31, 2026
- Accounts · 10 to 7Mar 31, 2025 to Jun 15, 2025
- Advisory employees · 44 to 1Mar 31, 2025 to Jun 15, 2025
- Pooled vehicle clients · 10 to 7Mar 31, 2025 to Jun 15, 2025
- Employees · 90 to 2Mar 31, 2025 to Jun 15, 2025
- Financial planning clients · unset to Mar 31, 2025 to Jun 15, 2025
- Other offices · 1 to 0Mar 31, 2025 to Jun 15, 2025
- Private funds · 3 to 1Mar 31, 2025 to Jun 15, 2025
- Discretionary RAUM · $18B to $1.4BMar 31, 2025 to Jun 15, 2025
- Pooled vehicle RAUM · $18B to $1.4BMar 31, 2025 to Jun 15, 2025
- RAUM · $18B to $1.4BMar 31, 2025 to Jun 15, 2025
- Accounts · 19 to 10Mar 28, 2024 to Mar 31, 2025
- Advisory employees · 43 to 44Mar 28, 2024 to Mar 31, 2025
- Pooled vehicle clients · 19 to 10Mar 28, 2024 to Mar 31, 2025
- Employees · 86 to 90Mar 28, 2024 to Mar 31, 2025
- Private funds · 4 to 3Mar 28, 2024 to Mar 31, 2025
- Discretionary RAUM · $18B to $18BMar 28, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $18B to $18BMar 28, 2024 to Mar 31, 2025
- RAUM · $18B to $18BMar 28, 2024 to Mar 31, 2025
- Advisory employees · 31 to 43Jan 31, 2024 to Mar 28, 2024
- Employees · 75 to 86Jan 31, 2024 to Mar 28, 2024
- Other offices · 0 to 1Jan 31, 2024 to Mar 28, 2024
- Discretionary RAUM · $17B to $18BJan 31, 2024 to Mar 28, 2024
- Pooled vehicle RAUM · $17B to $18BJan 31, 2024 to Mar 28, 2024
- RAUM · $17B to $18BJan 31, 2024 to Mar 28, 2024
- Discretionary RAUM · $16B to $17BMar 31, 2023 to Apr 28, 2023
- Pooled vehicle RAUM · $16B to $17BMar 31, 2023 to Apr 28, 2023
- RAUM · $16B to $17BMar 31, 2023 to Apr 28, 2023
- Advisory employees · 25 to 31Mar 30, 2022 to Mar 31, 2023
- Employees · 67 to 75Mar 30, 2022 to Mar 31, 2023
- Discretionary RAUM · $18B to $16BMar 30, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $18B to $16BMar 30, 2022 to Mar 31, 2023
- RAUM · $18B to $16BMar 30, 2022 to Mar 31, 2023
- Advisory employees · 19 to 25Feb 3, 2022 to Mar 30, 2022
- Employees · 46 to 67Feb 3, 2022 to Mar 30, 2022
- Discretionary RAUM · $16B to $18BFeb 3, 2022 to Mar 30, 2022
- Pooled vehicle RAUM · $16B to $18BFeb 3, 2022 to Mar 30, 2022
- RAUM · $16B to $18BFeb 3, 2022 to Mar 30, 2022
Signals
8 dated events
- R• M••••••••• L•• reported RAUM $2.1B, up 58% from $1.4B (2025-06-15 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- R• M••••••••• L•• reported RAUM $1.4B, down 93% from $18.3B (2025-03-31 to 2025-06-15)Jun 15, 2025 · RAUM change · derived
- Jonathan Marshall Urist (Executive Vice President, Head Of Research And Investments) appeared on Schedule A of R• M••••••••• L••Jan 31, 2024 · Control person joined · fact
- Folmar James Reddoch (Executive Vice President) no longer on Schedule A of R• M••••••••• L•• (listed 2023-04-28, absent 2024-01-31)Jan 31, 2024 · Control person left · inference
- R• M••••••••• L•• reported RAUM $16.3B, down 46% from $30.4B (2021-03-30 to 2021-04-29)Apr 29, 2021 · RAUM change · derived
- R• M••••••••• L•• reported RAUM $30.4B, up 64% from $18.6B (2020-03-27 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- Susannah Gray (Executive Vice President) no longer on Schedule A of R• M••••••••• L•• (listed 2019-03-29, absent 2019-09-16)Sep 16, 2019 · Control person left · inference
- Patrick Terrance Coyne (Chief Financial Officer) appeared on Schedule A of R• M••••••••• L••Mar 29, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- R• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/royalty-pharmareportedpublic record, Form ADV, Sep 18, 2026
- Website
- R••••••P•••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 212-883-0200reportedpublic 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