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

Greenhouse Funds Lllp

Asset manager (funds and pooled vehicles)Baltimore, MarylandCRD 169840SEC 801-80782websiteIAPD
Latest filing Sep 11, 2026
First filing on the tape Dec 17, 2014 · 23 filings
SEC status approved since Jan 21, 2015
RAUM
$2.9B
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
9
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$2.9B as of May 7, 2026
Mar 30, 2015$101M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 7, 2026
Mar 30, 20150 then
Employees (5.A)9 as of May 7, 2026
Mar 30, 20155 then
Private funds4 as of May 7, 2026
Mar 30, 20151 then
RAUM +7.7% over the last fiscal year+24% a year over threeIARs 0 to 0offices 1 to 0
Practice profile
derived from the filing of Sep 11, 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
$244MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
6.8%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
+7.7%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 vehicles, portfolio management for investment companiesreportedItem 5.G
Custody
$2.3B, 7 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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 hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$2.6B89%
  • State and municipal entities$200M6.8%
  • Investment companies$128M4.4%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
12reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$2.3B for 7 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.93 institutional_share=0.07 related_bd=true related_bank=true 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
      5 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Greenhouse Master Fund LPHedge Fund$863M400Jul 25, 2014
      Greenhouse Long Only Master Fund LPHedge Fund$453M49Mar 29, 2019
      Pm Manager Fund, Spc - Segregated Portfolio 44Hedge Fund$117M2Dec 14, 2016
      Greenhouse Onshore Fund LPno longer reportedHedge Fund$23.0M40Jul 25, 2014
      Greenhouse Overseas Fund Ltd.no longer reportedHedge Fund$2.5M9Jul 25, 2014
      Owners and control persons
      Schedule A and B, latest filing
      • Charles Scott Barry · Limited Partnercontrol
        since 01/2017 · owns 10% to 25%
      • David Benjamin Landy · Limited Partnercontrol
        since 01/2017 · owns 10% to 25%
      • Patrick Terrance Maxwell · Directorcontrol
        since 03/2014 · owns less than 5%
      • Michael Joseph Milano · Directorcontrol
        since 03/2014 · owns less than 5%
      • Tara Kirsten Milano · Trusteecontrol
        since 03/2011 · owns 10% to 25%
      • Patrick Daniel Miller · Limited Partnercontrol
        since 01/2021 · owns less than 5%
      • Joseph Patrick Mitchell · Chief Financial Officer/Chief Compliance Officercontrol
        since 07/2013 · owns less than 5%
      • Alan Charles Morris · Chief Operating Officercontrol
        since 07/2014 · owns less than 5%
      • Jameson John Neis · Directorcontrol
        since 10/2019 · owns less than 5%
      • James Duval Prey · Limited Partnercontrol
        since 01/2018 · owns less than 5%
      • Richard Charles Reese · Directorcontrol
        since 03/2014 · owns less than 5%
      • Michael Joseph Milano · Membercontrol
        since 06/2013 · owns 50% to 75% of Greenhouse Gp LLC
      Entity owners
      • Baird Financial Corporation · Limited Partner
        direct · owns 10% to 25%
      • Greenhouse Gp LLC · General Partner
        direct · owns less than 5%
      • J M Milano Tr Joseph M Milano, Rev Trust Dtd 3/30/11 And K T Milano Tr Kirsten T Milano, Rev Trust Dtd 3/30/11 Ten Com · Limited Partner
        direct · owns 10% to 25%
      • Baird Financial Group, Inc. · Shareholder
        indirect · owns 75% or more of Baird Financial Corporation
      • J M Milano Tr Joseph M Milano, Rev Trust Dtd 3/30/11 And K T Milano Tr Kirsten T Milano, Rev Trust Dtd 3/30/11 Ten Com · Member
        indirect · owns 25% to 50% of Greenhouse Gp LLC
      Related persons
      Schedule D 7.A
      Advisers that list Greenhouse Funds Lllp as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Delray Beach, FL1 employees
      What changed
      consecutive filings, newest first
      • Financial planning clients · to unset
        May 7, 2026 to Sep 11, 2026
      • Private funds · 4 to unset
        May 7, 2026 to Sep 11, 2026
      • Succession · false to unset
        May 7, 2026 to Sep 11, 2026
      • Assets in custody · $2.0B to $2.3B
        Mar 25, 2025 to Mar 25, 2026
      • Employees · 10 to 9
        Mar 25, 2025 to Mar 25, 2026
      • Other offices · 1 to 0
        Mar 25, 2025 to Mar 25, 2026
      • Discretionary RAUM · $2.7B to $2.9B
        Mar 25, 2025 to Mar 25, 2026
      • Pooled vehicle RAUM · $2.4B to $2.6B
        Mar 25, 2025 to Mar 25, 2026
      • RAUM · $2.7B to $2.9B
        Mar 25, 2025 to Mar 25, 2026
      • Accounts · 10 to 12
        Mar 27, 2024 to Mar 25, 2025
      • Pooled vehicle clients · 7 to 9
        Mar 27, 2024 to Mar 25, 2025
      • Assets in custody · $1.3B to $2.0B
        Mar 27, 2024 to Mar 25, 2025
      • Employees · 9 to 10
        Mar 27, 2024 to Mar 25, 2025
      • Financial planning clients · unset to
        Mar 27, 2024 to Mar 25, 2025
      • Private funds · 3 to 4
        Mar 27, 2024 to Mar 25, 2025
      • Discretionary RAUM · $1.9B to $2.7B
        Mar 27, 2024 to Mar 25, 2025
      • Pooled vehicle RAUM · $1.7B to $2.4B
        Mar 27, 2024 to Mar 25, 2025
      • RAUM · $1.9B to $2.7B
        Mar 27, 2024 to Mar 25, 2025
      • Pooled vehicle clients · 8 to 7
        Mar 31, 2023 to Mar 27, 2024
      • Assets in custody · $944M to $1.3B
        Mar 31, 2023 to Mar 27, 2024
      • Discretionary RAUM · $1.5B to $1.9B
        Mar 31, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $1.4B to $1.7B
        Mar 31, 2023 to Mar 27, 2024
      • RAUM · $1.5B to $1.9B
        Mar 31, 2023 to Mar 27, 2024
      • Assets in custody · $812M to $944M
        May 6, 2022 to Mar 31, 2023
      • Employees · 8 to 9
        May 6, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.3B to $1.5B
        May 6, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $1.1B to $1.4B
        May 6, 2022 to Mar 31, 2023
      • RAUM · $1.3B to $1.5B
        May 6, 2022 to Mar 31, 2023
      • Accounts · 9 to 10
        Mar 29, 2021 to Feb 13, 2022
      • Advisory employees · 4 to 5
        Mar 29, 2021 to Feb 13, 2022
      • Advisory activities · 2 to 3
        Mar 29, 2021 to Feb 13, 2022
      • Assets in custody · $665M to $812M
        Mar 29, 2021 to Feb 13, 2022
      • Employees · 7 to 8
        Mar 29, 2021 to Feb 13, 2022
      • Discretionary RAUM · $1.1B to $1.3B
        Mar 29, 2021 to Feb 13, 2022
      • Pooled vehicle RAUM · $1000M to $1.1B
        Mar 29, 2021 to Feb 13, 2022
      • RAUM · $1.1B to $1.3B
        Mar 29, 2021 to Feb 13, 2022
      • Assets in custody · $395M to $665M
        Mar 30, 2020 to Mar 29, 2021
      • Discretionary RAUM · $695M to $1.1B
        Mar 30, 2020 to Mar 29, 2021
      • Pooled vehicle RAUM · $624M to $1000M
        Mar 30, 2020 to Mar 29, 2021
      • RAUM · $695M to $1.1B
        Mar 30, 2020 to Mar 29, 2021
      Signals
      9 dated events
      • Greenhouse Funds Lllp reported RAUM $2.7B, up 40% from $1.9B (2024-03-27 to 2025-03-25)
        Mar 25, 2025 · RAUM change · derived
      • Greenhouse Funds Lllp reported RAUM $1.9B, up 26% from $1.5B (2023-03-31 to 2024-03-27)
        Mar 27, 2024 · RAUM change · derived
      • Greenhouse Funds Lllp reported RAUM $1.1B, up 61% from $695.3M (2020-03-30 to 2021-03-29)
        Mar 29, 2021 · RAUM change · derived
      • Patrick Daniel Miller (Limited Partner) appeared on Schedule A of Greenhouse Funds Lllp
        Mar 29, 2021 · Control person joined · fact
      • Jameson John Neis (Director) appeared on Schedule A of Greenhouse Funds Lllp
        Oct 11, 2019 · Control person joined · fact
      • Walter William Mahler (Director) no longer on Schedule A of Greenhouse Funds Lllp (listed 2019-03-29, absent 2019-10-11)
        Oct 11, 2019 · Control person left · inference
      • Greenhouse Funds Lllp reported RAUM $536.9M, up 39% from $385.0M (2017-03-30 to 2018-03-28)
        Mar 28, 2018 · RAUM change · derived
      • Greenhouse Funds Lp reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Dec 14, 2016 · Succession (Item 4) · fact
      • Greenhouse Funds Lp filed its initial SEC registration (Form ADV)
        Dec 17, 2014 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Website
      GREENHOUSEFUNDS.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      443-759-4633reportedpublic record, Form ADV, Sep 11, 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