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

S••• R••• C••••••

Former SEC-registered adviserHouston, TexasCRD 164952SEC 801-113736websiteIAPD
Legal name S•• M••••••••• C••••••• L•
Latest filing Mar 28, 2025
First filing on the tape Jun 28, 2018 · 9 filings
SEC status approved since Jul 30, 2018
RAUM
$146M
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
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$146M as of Mar 28, 2025
Mar 26, 2019$187M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 28, 2025
Mar 26, 20190 then
Employees (5.A)5 as of Mar 28, 2025
Mar 26, 20197 then
Private funds3 as of Mar 28, 2025
Mar 26, 20193 then
RAUM -20% over the last fiscal year-12% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 28, 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
$48.7MderivedRAUM 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
-20%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
yesreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$146M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
3reported
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
      Private funds
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S••• R••• E••••• I•• L•Private Equity Fund$146M32Mar 30, 2017
      S••• R••• E••••• I• L•Private Equity Fund$31.4M18Jul 27, 2012
      S•• B••••• H••••••• L••Private Equity Fund$6.6M11Mar 30, 2018
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••••• J•••••• L• · Managing Partnercontrol
        since 04/2012 · owns less than 5%
      • S••••••• B•••••••• A••••• · Managing Partner, Chief Compliance Officercontrol
        since 04/2012 · owns less than 5%
      • B••••••••• J•••••• L• · Membercontrol
        since 01/2012 · owns 25% to 50% of S••• R••• C••••••• L••
      • B••••••••• J•••••• L• · Limited Partnercontrol
        since 01/2012 · owns 25% to 50% of S••• R••• C••••••• L•
      • S••••••• B•••••••• A••••• · Limited Partnercontrol
        since 01/2012 · owns 25% to 50% of S••• R••• C••••••• L•
      • S••••••• B•••••••• A••••• · Membercontrol
        since 01/2012 · owns 25% to 50% of S••• R••• C••••••• L••
      Entity owners
      • S••• R••• C••••••• L• · Limited Partner
        direct · owns 75% or more
      • S•• M••••••••• C•••••• G•• L•• · General Partner
        direct · owns less than 5%
      • S••• R••• C••••••• L•• · General Partner
        indirect · owns F of S••• R••• C••••••• L•
      • S••• R••• C••••••• L• · Member
        indirect · owns 75% or more of S•• M••••••••• C•••••• G•• L••
      Related persons
      Schedule D 7.A
      • S••• R••• E••••• I• G•• L•
        pooled vehicle sponsorn
      • S••• R••• E••••• I• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 28, 2025
      • Discretionary RAUM · $183M to $146M
        Mar 28, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $183M to $146M
        Mar 28, 2024 to Mar 28, 2025
      • RAUM · $183M to $146M
        Mar 28, 2024 to Mar 28, 2025
      • Discretionary RAUM · $231M to $183M
        Mar 30, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $231M to $183M
        Mar 30, 2023 to Mar 28, 2024
      • RAUM · $231M to $183M
        Mar 30, 2023 to Mar 28, 2024
      • Advisory employees · 5 to 4
        Mar 30, 2022 to Mar 30, 2023
      • Employees · 6 to 5
        Mar 30, 2022 to Mar 30, 2023
      • Discretionary RAUM · $213M to $231M
        Mar 30, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $213M to $231M
        Mar 30, 2022 to Mar 30, 2023
      • RAUM · $213M to $231M
        Mar 30, 2022 to Mar 30, 2023
      • Advisory employees · 7 to 5
        Mar 31, 2021 to Mar 30, 2022
      • Employees · 7 to 6
        Mar 31, 2021 to Mar 30, 2022
      • Discretionary RAUM · $144M to $213M
        Mar 31, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $144M to $213M
        Mar 31, 2021 to Mar 30, 2022
      • RAUM · $144M to $213M
        Mar 31, 2021 to Mar 30, 2022
      • Discretionary RAUM · $192M to $144M
        Mar 30, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $192M to $144M
        Mar 30, 2020 to Mar 31, 2021
      • RAUM · $192M to $144M
        Mar 30, 2020 to Mar 31, 2021
      • Assets in custody · $187M to $0
        Jun 11, 2019 to Mar 30, 2020
      • Discretionary RAUM · $187M to $192M
        Jun 11, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $187M to $192M
        Jun 11, 2019 to Mar 30, 2020
      • RAUM · $187M to $192M
        Jun 11, 2019 to Mar 30, 2020
      • Assets in custody · $177M to $187M
        Jun 28, 2018 to Mar 26, 2019
      • Private funds · 6 to 3
        Jun 28, 2018 to Mar 26, 2019
      • Discretionary RAUM · $177M to $187M
        Jun 28, 2018 to Mar 26, 2019
      • Pooled vehicle RAUM · $177M to $187M
        Jun 28, 2018 to Mar 26, 2019
      • RAUM · $177M to $187M
        Jun 28, 2018 to Mar 26, 2019
      Signals
      3 dated events
      • S••• R••• C•••••• no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $146.0M)
        Apr 1, 2026 · Left the SEC roster · derived
      • Steven Miller (Chief Financial Officer, Chief Compliance Officer) no longer on Schedule A of S••• R••• C•••••• (listed 2021-03-31, absent 2022-03-30)
        Mar 30, 2022 · Control person left · inference
      • S••• R••• C•••••• filed its initial SEC registration (Form ADV)
        Jun 28, 2018 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/sage-road-capital/about/.reportedpublic record, Form ADV, Sep 18, 2026
      Website
      sagerc.comreportedpublic record, Form ADV, Sep 18, 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
      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