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
Five Elms Capital
Legal name Five Elms Capital Management, LLC
Latest filing Jun 1, 2026
First filing on the tape Jun 28, 2017 · 14 filings
SEC status approved since Jul 31, 2017
RAUM
$3.1B
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
69
58 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
23
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$3.1B as of Jun 1, 2026
Mar 30, 2018$263M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 1, 2026
Mar 30, 20180 then
Employees (5.A)69 as of Jun 1, 2026
Mar 30, 201817 then
Private funds23 as of Jun 1, 2026
Mar 30, 201810 then
RAUM +1.9% over the last fiscal year+24% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 1, 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
- $135MderivedRAUM 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
- +1.9%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
- $3.1B, 23 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)
- 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$3.1B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 23reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $3.1B for 23 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
21 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Five Elms V B, LP | Private Equity Fund | $463M | 97 | Mar 29, 2022 |
| Five Elms V Q, LP | Private Equity Fund | $339M | 135 | Mar 29, 2022 |
| Five Elms IV Q, LP | Private Equity Fund | $314M | 97 | Mar 30, 2020 |
| Five Elms Vi B, L.P. | Private Equity Fund | $302M | 80 | Mar 28, 2024 |
| Five Elms Vi Q, L.P. | Private Equity Fund | $245M | 109 | Mar 28, 2024 |
| Five Elms III Apptegy Cv, L.P. | Private Equity Fund | $188M | 66 | Mar 28, 2024 |
| Five Elms IV B, LP | Private Equity Fund | $176M | 41 | Mar 30, 2020 |
| Five Elms III B, LP | Private Equity Fund | $108M | 39 | Mar 31, 2017 |
| Five Elms V A, LP | Private Equity Fund | $66.6M | 58 | Mar 29, 2022 |
| Five Elms III Q, LP | Private Equity Fund | $64.5M | 72 | Mar 31, 2017 |
| Five Elms Equity Fund II LP | Private Equity Fund | $25.7M | 93 | Mar 28, 2014 |
| Five Elms III A, LP | Private Equity Fund | $22.0M | 25 | Mar 31, 2017 |
| Five Elms Equity Fund I LP | Private Equity Fund | $21.5M | 112 | Mar 29, 2012 |
| Five Elms IV A, LP | Private Equity Fund | $20.1M | 59 | Mar 30, 2020 |
| Frontier Five Elms II LPno longer reported | Private Equity Fund | $15.0M | 98 | Mar 29, 2012 |
| Five Elms Vi A, L.P. | Private Equity Fund | $11.2M | 26 | Mar 28, 2024 |
| Fe Foxpoint Debt, LP | Private Equity Fund | $1.4M | 62 | Mar 30, 2016 |
| Five Elms II Coinvest LP | Private Equity Fund | $1.3M | 23 | Mar 28, 2014 |
| Five Elms Coinvest LP | Private Equity Fund | $1.2M | 14 | Mar 29, 2012 |
| Fe Foxpoint Debt Coinvest, LP | Private Equity Fund | $2,600 | 8 | Mar 30, 2016 |
| Dynamic Elms, LPno longer reported | Private Equity Fund | $0 | 0 | Mar 30, 2016 |
Owners and control persons
Schedule A and B, latest filing
- Nathan Frederick Coulson · Founder And Ceocontrolsince 06/2007 · owns 75% or more
- Nathan Frederick Coulson · Managing Membercontrolsince 06/2007 · owns 75% or more of Five Elms Capital, LLC
- Renee Kalie Mccollaugh · Chief Compliance Officersince 09/2016 · owns less than 5%
- Ann Timmons Jennifer Witt · General Counselsince 02/2023 · owns less than 5%
Entity owners
- Five Elms Capital, LLC · Managing Memberdirect · owns less than 5%
Related persons
Schedule D 7.A
- Fe Foxpoint Debt Gp, LLCpooled vehicle sponsorn
- Five Elms Capital, LLCpooled vehicle sponsorn
- Five Elms Equity Fund II Gp, LLCpooled vehicle sponsorn
- Five Elms Equity Gp, LLCpooled vehicle sponsorn
- Five Elms III Apptegy Cv Gp, LPpooled vehicle sponsorn
- Five Elms III Gp, LPpooled vehicle sponsorn
- Five Elms IV Gp, LPpooled vehicle sponsorn
- Five Elms V Gp, LPpooled vehicle sponsorn
- Five Elms Vi Gp, LPpooled vehicle sponsorn
- Frontier Five Elms Equity Fund II Gp, LLCpooled vehicle sponsorn
- Spring Insurance Solutions, LLCreal estaten
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Assets in custody · $3.1B to $3.1BMar 30, 2026 to Jun 1, 2026
- Private funds · 22 to 23Mar 30, 2026 to Jun 1, 2026
- Advisory employees · 52 to 58Mar 28, 2025 to Mar 30, 2026
- Pooled vehicle clients · 20 to 23Mar 28, 2025 to Mar 30, 2026
- Assets in custody · $3.1B to $3.1BMar 28, 2025 to Mar 30, 2026
- Employees · 62 to 69Mar 28, 2025 to Mar 30, 2026
- Private funds · 19 to 22Mar 28, 2025 to Mar 30, 2026
- Discretionary RAUM · $3.1B to $3.1BMar 28, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $3.1B to $3.1BMar 28, 2025 to Mar 30, 2026
- RAUM · $3.1B to $3.1BMar 28, 2025 to Mar 30, 2026
- Accounts · 20 to 23Mar 28, 2025 to Mar 30, 2026
- Advisory employees · 48 to 52Mar 28, 2024 to Mar 28, 2025
- Assets in custody · $2.4B to $3.1BMar 28, 2024 to Mar 28, 2025
- Employees · 55 to 62Mar 28, 2024 to Mar 28, 2025
- Financial planning clients · unset to Mar 28, 2024 to Mar 28, 2025
- Discretionary RAUM · $2.4B to $3.1BMar 28, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $2.4B to $3.1BMar 28, 2024 to Mar 28, 2025
- RAUM · $2.4B to $3.1BMar 28, 2024 to Mar 28, 2025
- Accounts · 16 to 20Feb 15, 2024 to Mar 28, 2024
- Advisory employees · 34 to 48Feb 15, 2024 to Mar 28, 2024
- Pooled vehicle clients · 16 to 20Feb 15, 2024 to Mar 28, 2024
- Assets in custody · $1.6B to $2.4BFeb 15, 2024 to Mar 28, 2024
- Employees · 41 to 55Feb 15, 2024 to Mar 28, 2024
- Private funds · 15 to 19Feb 15, 2024 to Mar 28, 2024
- Discretionary RAUM · $1.6B to $2.4BFeb 15, 2024 to Mar 28, 2024
- Pooled vehicle RAUM · $1.6B to $2.4BFeb 15, 2024 to Mar 28, 2024
- RAUM · $1.6B to $2.4BFeb 15, 2024 to Mar 28, 2024
- Advisory employees · 35 to 34Mar 29, 2022 to Mar 30, 2023
- Assets in custody · $1.6B to $1.6BMar 29, 2022 to Mar 30, 2023
- Employees · 43 to 41Mar 29, 2022 to Mar 30, 2023
- Discretionary RAUM · $1.6B to $1.6BMar 29, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $1.6B to $1.6BMar 29, 2022 to Mar 30, 2023
- RAUM · $1.6B to $1.6BMar 29, 2022 to Mar 30, 2023
- Accounts · 13 to 16Mar 31, 2021 to Mar 29, 2022
- Advisory employees · 30 to 35Mar 31, 2021 to Mar 29, 2022
- Pooled vehicle clients · 13 to 16Mar 31, 2021 to Mar 29, 2022
- Assets in custody · $682M to $1.6BMar 31, 2021 to Mar 29, 2022
- Employees · 34 to 43Mar 31, 2021 to Mar 29, 2022
- Private funds · 12 to 15Mar 31, 2021 to Mar 29, 2022
- Discretionary RAUM · $682M to $1.6BMar 31, 2021 to Mar 29, 2022
Signals
5 dated events
- Five Elms Capital reported RAUM $3.1B, up 28% from $2.4B (2024-03-28 to 2025-03-28)Mar 28, 2025 · RAUM change · derived
- Five Elms Capital reported RAUM $2.4B, up 47% from $1.6B (2024-02-15 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- Five Elms Capital reported RAUM $1.6B, up 136% from $682.2M (2021-03-31 to 2022-03-29)Mar 29, 2022 · RAUM change · derived
- Five Elms Capital reported RAUM $699.0M, up 112% from $330.3M (2019-07-02 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- Five Elms Capital filed its initial SEC registration (Form ADV)Jun 28, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Five Elms Capital · Independent Sponsorsshared crd · capital_provider
- Five Elms Capital · Private Equityshared crd · organization
- Five Elms Capital · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/five-elms-capitalreportedpublic record, Form ADV, Sep 17, 2026
- Website
- FIVEELMS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (913) 953-8960reportedpublic record, Form ADV, Jun 1, 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