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.

Former SEC-registered adviser

Peppertree Capital Management Inc.

Former SEC-registered adviserChagrin Falls, OhioCRD 163215SEC 801-80031websiteIAPD
Latest filing Mar 29, 2025
First filing on the tape Jun 27, 2014 · 20 filings
SEC status approved since Jul 24, 2014
RAUM
$7.6B
reported, Item 5.F
Discretionary
99%
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
39
23 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
18
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$7.6B as of Mar 29, 2025
Mar 30, 2015$271M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 29, 2025
Mar 30, 20150 then
Employees (5.A)39 as of Mar 29, 2025
Mar 30, 201512 then
Private funds18 as of Mar 29, 2025
Mar 30, 20159 then
RAUM +18% over the last fiscal year+24% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 29, 2025; 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
99%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
+18%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
yesreportedItem 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)
  • 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 testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$7.6B99%
  • Corporations and businesses$55.9M0.7%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
25reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 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
      Every departureEvery arrival
      Private funds
      19 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Peppertree Capital Fund Ix Qp, LPPrivate Equity Fund$1.8B209Mar 30, 2022
      Peppertree Capital Fund Viii Qp, LPPrivate Equity Fund$1.5B177Dec 20, 2019
      Peppertree Capital Fund X Qp, LPPrivate Equity Fund$1.4B216Mar 29, 2024
      Peppertree Capital Fund Vii Qp, LPPrivate Equity Fund$1.1B139Oct 31, 2018
      Peppertree Capital Fund Vi Qp, LPPrivate Equity Fund$403M105Mar 30, 2016
      Peppertree Capital Fund Ix, LPPrivate Equity Fund$44.1M14Mar 30, 2022
      Peppertree Capital International Fund Qp, LPPrivate Equity Fund$43.1M36Mar 30, 2015
      Peppertree Capital Fund IV Qp, LPPrivate Equity Fund$30.2M78Mar 27, 2014
      Peppertree Capital International Co-Investor Fund, LPPrivate Equity Fund$28.3M6Mar 30, 2015
      Peppertree Capital Fund Viii, LPPrivate Equity Fund$21.3M10Dec 20, 2019
      Peppertree Capital Senior Debt Fund, LPOther Private Fund$20.4M67Mar 30, 2012
      Peppertree Capital Fund Vi Acquisition, LLCPrivate Equity Fund$5.7M43Mar 30, 2022
      Peppertree Capital Fund Vi, LPPrivate Equity Fund$5.5M18Mar 30, 2016
      Peppertree Capital Fund Vii, LPPrivate Equity Fund$4.9M11Oct 31, 2018
      Peppertree Capital Fund IV, LPPrivate Equity Fund$4.3M62Mar 27, 2014
      Peppertree Capital Fund, LPno longer reportedPrivate Equity Fund$3.4M42Mar 30, 2012
      Peppertree Capital Telecom Tower Fund, LPPrivate Equity Fund$3.0M73Mar 30, 2012
      Peppertree Capital International Fund, LPPrivate Equity Fund$1.2M8Mar 30, 2015
      Peppertree Capital Follow-On Investment Fund, LPno longer reportedPrivate Equity Fund$4,7131Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • Lill Cynthia Debevec · Chief Operating Officer And Chief Compliance Officercontrol
        since 07/2010 · owns less than 5%
      • David Ryan Lepene · Co-President And Shareholdercontrol
        since 05/2011 · owns 50% to 75%
      • Howard F. Mandel · Co-President And Shareholdercontrol
        since 07/2003 · owns 50% to 75%
      • Anthony Joseph Sass · Chief Financial Officercontrol
        since 05/2023 · owns less than 5%
      Related persons
      Schedule D 7.A
      • Peppertree Capital III, Inc.
        pooled vehicle sponsorn
      • Peppertree Capital IV, Inc.
        pooled vehicle sponsorn
      • Peppertree Capital Ix, Inc.
        pooled vehicle sponsorn
      • Peppertree Capital V, Inc.
        pooled vehicle sponsorn
      • Peppertree Capital Vi, Inc.
        pooled vehicle sponsorn
      • Peppertree Capital Vii, Inc.
        pooled vehicle sponsorn
      • Peppertree Capital Viii, Inc.
        pooled vehicle sponsorn
      • Peppertree Capital X, Inc.
        pooled vehicle sponsorn
      Advisers that list Peppertree Capital Management Inc. as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 22 to 25
        Mar 29, 2024 to Mar 29, 2025
      • Advisory employees · 21 to 23
        Mar 29, 2024 to Mar 29, 2025
      • Pooled vehicle clients · 21 to 24
        Mar 29, 2024 to Mar 29, 2025
      • Employees · 33 to 39
        Mar 29, 2024 to Mar 29, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 29, 2025
      • Private funds · 17 to 18
        Mar 29, 2024 to Mar 29, 2025
      • Discretionary RAUM · $6.4B to $7.6B
        Mar 29, 2024 to Mar 29, 2025
      • Non-discretionary RAUM · $55.8M to $55.9M
        Mar 29, 2024 to Mar 29, 2025
      • Pooled vehicle RAUM · $6.4B to $7.6B
        Mar 29, 2024 to Mar 29, 2025
      • RAUM · $6.5B to $7.6B
        Mar 29, 2024 to Mar 29, 2025
      • Related adviser · true to false
        Mar 29, 2024 to Mar 29, 2025
      • Accounts · 20 to 22
        Nov 9, 2023 to Mar 29, 2024
      • Advisory employees · 18 to 21
        Nov 9, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 19 to 21
        Nov 9, 2023 to Mar 29, 2024
      • Assets in custody · $4.7B to $0
        Nov 9, 2023 to Mar 29, 2024
      • Employees · 29 to 33
        Nov 9, 2023 to Mar 29, 2024
      • Private funds · 16 to 17
        Nov 9, 2023 to Mar 29, 2024
      • Discretionary RAUM · $4.7B to $6.4B
        Nov 9, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $55.5M to $55.8M
        Nov 9, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $4.7B to $6.4B
        Nov 9, 2023 to Mar 29, 2024
      • RAUM · $4.8B to $6.5B
        Nov 9, 2023 to Mar 29, 2024
      • Accounts · 19 to 20
        Oct 14, 2022 to Mar 31, 2023
      • Advisory employees · 17 to 18
        Oct 14, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 18 to 19
        Oct 14, 2022 to Mar 31, 2023
      • Assets in custody · $4.0B to $4.7B
        Oct 14, 2022 to Mar 31, 2023
      • Employees · 25 to 29
        Oct 14, 2022 to Mar 31, 2023
      • Private funds · 17 to 16
        Oct 14, 2022 to Mar 31, 2023
      • Discretionary RAUM · $4.0B to $4.7B
        Oct 14, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $55.4M to $55.5M
        Oct 14, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $4.0B to $4.7B
        Oct 14, 2022 to Mar 31, 2023
      • RAUM · $4.0B to $4.8B
        Oct 14, 2022 to Mar 31, 2023
      • Accounts · 16 to 19
        Apr 23, 2021 to Mar 30, 2022
      • Advisory employees · 15 to 17
        Apr 23, 2021 to Mar 30, 2022
      • Pooled vehicle clients · 15 to 18
        Apr 23, 2021 to Mar 30, 2022
      • Assets in custody · $2.2B to $4.0B
        Apr 23, 2021 to Mar 30, 2022
      • Employees · 22 to 25
        Apr 23, 2021 to Mar 30, 2022
      • Private funds · 14 to 17
        Apr 23, 2021 to Mar 30, 2022
      • Discretionary RAUM · $2.2B to $4.0B
        Apr 23, 2021 to Mar 30, 2022
      • Non-discretionary RAUM · $55.9M to $55.4M
        Apr 23, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $2.2B to $4.0B
        Apr 23, 2021 to Mar 30, 2022
      Signals
      9 dated events
      • Peppertree Capital Management Inc. no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $7.6B)
        Dec 20, 2025 · Left the SEC roster · derived
      • Peppertree Capital Management Inc. reported RAUM $6.5B, up 36% from $4.8B (2023-11-09 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • Ray Matthew Jenkins (Chief Financial Officer) no longer on Schedule A of Peppertree Capital Management Inc. (listed 2023-03-31, absent 2023-06-08)
        Jun 8, 2023 · Control person left · inference
      • Anthony Joseph Sass (Chief Financial Officer) appeared on Schedule A of Peppertree Capital Management Inc.
        Jun 8, 2023 · Control person joined · fact
      • Peppertree Capital Management Inc. reported RAUM $4.0B, up 81% from $2.2B (2021-04-23 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • Peppertree Capital Management Inc. reported RAUM $2.1B, up 88% from $1.1B (2019-03-28 to 2019-12-20)
        Dec 20, 2019 · RAUM change · derived
      • Ray Matthew Jenkins (Chief Financial Officer) appeared on Schedule A of Peppertree Capital Management Inc.
        Dec 20, 2019 · Control person joined · fact
      • Peppertree Capital Management Inc. reported RAUM $1.0B, up 89% from $552.7M (2018-03-29 to 2018-10-31)
        Oct 31, 2018 · RAUM change · derived
      • Peppertree Capital Management Inc. filed its initial SEC registration (Form ADV)
        Jun 27, 2014 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      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