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

C•••••••• A•••• M••••••••• L•

Asset manager (funds and pooled vehicles)Boston, MassachusettsCRD 167820SEC 801-79513website IAPD

Latest filing May 27, 2026

First filing on the tape Mar 28, 2014 · 27 filings

SEC status approved since Apr 15, 2014

RAUM

$3.8B

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

3 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

27 filings and snapshots on the tape

RAUM$3.8B as of May 27, 2026

Mar 31, 2015$1.3B then

HNW client RAUM: no history

State-registered IARs (5.B.3)0 as of May 27, 2026

Mar 31, 20150 then

Employees (5.A)12 as of May 27, 2026

Mar 31, 20154 then

Private funds7 as of May 27, 2026

Mar 31, 20151 then

RAUM -0.5% over the last fiscal year+7.2% a year over threeIARs 0 to 0

Practice profile

derived from the filing of May 27, 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: $240MderivedRAUM 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: -0.5%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
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)
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$3.8B100%

Individual clients: n/areported
HNW clients: n/areported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 16reported
Financial planning clients: reported
Wrap fee programs: noreported
Custody of client assets: noreported
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

Every departure Every arrival

Private funds

6 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
C•••••••• G••••• H••••••••• M••••• F•••• L•	Hedge Fund	$1.9B	157	Jun 14, 2013
C•••••••• P•••••• H••••••••• F••• I••• L•	Private Equity Fund	$733M	117	Nov 27, 2020
C•••••••• P•••••• H••••••••• F••• I•• L•	Private Equity Fund	$499M	94	Nov 15, 2021
C•••••••• P•••••• H••••••••• F••• I•• L•	Private Equity Fund	$380M	82	Nov 26, 2018
C•••••••• P•••••• H••••••••• F••• V• L•	Private Equity Fund	$361M	40	Nov 13, 2023
C•••••••• P•••••• H••••••••• F••• I• L•	Private Equity Fund	$125M	51	Mar 30, 2016

Owners and control persons

Schedule A and B, latest filing

C•••• B•••• · Managing Member & Chief Executive Officercontrol
since 03/2013 · owns 75% or more
O••••••••• N•••••• · Chief Compliance Officer & General Counselcontrol
since 01/2016 · owns less than 5%
T••••• C••••• J••••••• · Chief Financial Officer & Chief Operating Officercontrol
since 08/2020 · owns less than 5%
C•••• B•••• · Managing Membercontrol
since 03/2014 · owns 75% or more of C•••••••• A•••• M••••••••• G•• L••

Entity owners

C•••••••• A•••• M••••••••• G•• L•• · General Partner
direct · owns less than 5%

Related persons

Schedule D 7.A

C•••••••• A•••• M••••••••• P••••• R••• L••
investment advisern
C•••••••• G••••• H••••••••• G•• L••
pooled vehicle sponsorn
C•••••••• P•••••• H••••••••• G• I•• L••
pooled vehicle sponsorn
C•••••••• P•••••• H••••••••• G• I••• L••
pooled vehicle sponsorn
C•••••••• P•••••• H••••••••• G• I•• L••
pooled vehicle sponsorn
C•••••••• P•••••• H••••••••• G• V• L••
pooled vehicle sponsorn
C•••••••• P•••••• H••••••••• G•• L••
pooled vehicle sponsorn

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Accounts · 14 to 16
Feb 11, 2026 to Mar 31, 2026
Pooled vehicle clients · 13 to 15
Feb 11, 2026 to Mar 31, 2026
Discretionary RAUM · $3.9B to $3.8B
Feb 11, 2026 to Mar 31, 2026
Pooled vehicle RAUM · $3.9B to $3.8B
Feb 11, 2026 to Mar 31, 2026
RAUM · $3.9B to $3.8B
Feb 11, 2026 to Mar 31, 2026
Private funds · 6 to 7
Mar 31, 2025 to Feb 11, 2026
Advisory employees · 6 to 3
May 22, 2024 to Mar 31, 2025
Employees · 14 to 12
May 22, 2024 to Mar 31, 2025
Financial planning clients · unset to
May 22, 2024 to Mar 31, 2025
Discretionary RAUM · $4.0B to $3.9B
May 22, 2024 to Mar 31, 2025
Pooled vehicle RAUM · $4.0B to $3.9B
May 22, 2024 to Mar 31, 2025
RAUM · $4.0B to $3.9B
May 22, 2024 to Mar 31, 2025
Accounts · 12 to 14
Nov 13, 2023 to Mar 30, 2024
Advisory employees · 3 to 6
Nov 13, 2023 to Mar 30, 2024
Pooled vehicle clients · 11 to 13
Nov 13, 2023 to Mar 30, 2024
Employees · 13 to 14
Nov 13, 2023 to Mar 30, 2024
Discretionary RAUM · $3.1B to $4.0B
Nov 13, 2023 to Mar 30, 2024
Pooled vehicle RAUM · $3.1B to $4.0B
Nov 13, 2023 to Mar 30, 2024
RAUM · $3.1B to $4.0B
Nov 13, 2023 to Mar 30, 2024
Private funds · 5 to 6
Mar 31, 2023 to Nov 13, 2023
Advisory employees · 4 to 3
Oct 10, 2022 to Mar 31, 2023
Employees · 14 to 13
Oct 10, 2022 to Mar 31, 2023
Discretionary RAUM · $3.4B to $3.1B
Oct 10, 2022 to Mar 31, 2023
Pooled vehicle RAUM · $3.4B to $3.1B
Oct 10, 2022 to Mar 31, 2023
RAUM · $3.4B to $3.1B
Oct 10, 2022 to Mar 31, 2023
Accounts · 10 to 12
Nov 15, 2021 to Mar 31, 2022
Pooled vehicle clients · 9 to 11
Nov 15, 2021 to Mar 31, 2022
Employees · 9 to 14
Nov 15, 2021 to Mar 31, 2022
Discretionary RAUM · $5.4B to $3.4B
Nov 15, 2021 to Mar 31, 2022
Pooled vehicle RAUM · $5.3B to $3.4B
Nov 15, 2021 to Mar 31, 2022
RAUM · $5.4B to $3.4B
Nov 15, 2021 to Mar 31, 2022
Private funds · 4 to 5
Mar 31, 2021 to Nov 15, 2021
Accounts · 8 to 10
Nov 27, 2020 to Mar 31, 2021
Advisory employees · 3 to 4
Nov 27, 2020 to Mar 31, 2021
Pooled vehicle clients · 7 to 9
Nov 27, 2020 to Mar 31, 2021
Employees · 7 to 9
Nov 27, 2020 to Mar 31, 2021
Discretionary RAUM · $3.3B to $5.4B
Nov 27, 2020 to Mar 31, 2021
Pooled vehicle RAUM · $3.1B to $5.3B
Nov 27, 2020 to Mar 31, 2021
RAUM · $3.3B to $5.4B
Nov 27, 2020 to Mar 31, 2021
Private funds · 3 to 4
Mar 30, 2020 to Nov 27, 2020

Signals

10 dated events

C•••••••• A•••• M••••••••• L• reported RAUM $4.0B, up 29% from $3.1B (2023-11-13 to 2024-03-30)
Mar 30, 2024 · RAUM change · derived
Warren William Hoyt (Chief Administrative Officer & Chief Operating Officer) no longer on Schedule A of C•••••••• A•••• M••••••••• L• (listed 2023-11-13, absent 2024-03-30)
Mar 30, 2024 · Control person left · inference
C•••••••• A•••• M••••••••• L• reported RAUM $3.4B, down 38% from $5.4B (2021-11-15 to 2022-03-31)
Mar 31, 2022 · RAUM change · derived
J. Edward Scollins (Member, Chief Financial Officer & Chief Operating Officer) no longer on Schedule A of C•••••••• A•••• M••••••••• L• (listed 2021-11-15, absent 2022-03-31)
Mar 31, 2022 · Control person left · inference
Jonathan Caleb Tripp (Chief Financial Officer) appeared on Schedule A of C•••••••• A•••• M••••••••• L•
Mar 31, 2022 · Control person joined · fact
Warren William Hoyt (Chief Administrative Officer & Chief Operating Officer) appeared on Schedule A of C•••••••• A•••• M••••••••• L•
Mar 31, 2022 · Control person joined · fact
C•••••••• A•••• M••••••••• L• reported RAUM $5.4B, up 64% from $3.3B (2020-11-27 to 2021-03-31)
Mar 31, 2021 · RAUM change · derived
C•••••••• A•••• M••••••••• L• reported RAUM $3.3B, up 55% from $2.1B (2020-01-17 to 2020-03-30)
Mar 30, 2020 · RAUM change · derived
C•••••••• A•••• M••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
Mar 29, 2018 · Succession (Item 4) · fact
C•••••••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)
Mar 28, 2014 · First SEC registration · fact

Across DFX

shared identifiers only, never a name match

C•••••••• A•••• M••••••••• L• · Independent Sponsors
shared crd · capital_provider
C•••••••• A•••• M••••••••• L• · Private Equity
shared crd · organization

How to reach

public business contact points only, each with its source

Website: cormorant-asset.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone: 857-702-0370reportedpublic record, Form ADV, May 27, 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