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

P••••••• H••• G••••• P•••••••• L•••

Asset manager (funds and pooled vehicles)Waltham, MassachusettsCRD 171462SEC 801-88194websiteIAPD
Latest filing Mar 26, 2026
First filing on the tape Mar 31, 2015 · 18 filings
SEC status approved since Apr 9, 2015
RAUM
$311M
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
8
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$311M as of Mar 26, 2026
Mar 29, 2016$1.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 26, 2026
Mar 29, 20160 then
Employees (5.A)8 as of Mar 26, 2026
Mar 29, 201625 then
Private funds6 as of Mar 26, 2026
Mar 29, 20169 then
RAUM -36% over the last fiscal year-28% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 26, 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
$51.8MderivedRAUM 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
-36%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
$311M, 6 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$311M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$311M for 6 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
      13 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P••••••• H••• G••••• F••• I• L•••Private Equity Fund$241M28Mar 31, 2015
      P••••••• H••• G••••• F••• I•• L•••Private Equity Fund$203M54Mar 28, 2018
      P••••••• H••• G••••• F••• I• C•••••••• L•••Private Equity Fund$76.4M40Mar 31, 2015
      P••••••• H••• G••••• F••• I• C••••••••• L•••Private Equity Fund$40.7M35Mar 28, 2018
      W••••• S••••• O••••••••• F•••• L•••no longer reportedPrivate Equity Fund$32.0M37Mar 31, 2015
      J•• F••• I•• C••••••••• L••no longer reportedPrivate Equity Fund$1.7M25Feb 15, 2012
      J••• C••••• E••••• P••••••• I••• L•••no longer reportedPrivate Equity Fund$1.2M160Feb 15, 2012
      J••• C••••• E••••• P••••••• I•• L•••no longer reportedPrivate Equity Fund$682,025120Feb 15, 2012
      P••••••• H••• G••••• F••• I• C•••••••• F••••• A• L•••Private Equity Fund$22,4211Apr 13, 2020
      P••••••• H••• G••••• F••• I• C•••••••• F••••• B• L•••Private Equity Fund$20,6961Apr 13, 2020
      J•• I• C••••••••• L••no longer reportedPrivate Equity Fund$14,40030Feb 15, 2012
      O•• I••••••••• P••••••• I••no longer reportedPrivate Equity Fund$71820Feb 15, 2012
      O•• I••••••••• P••••••• I•no longer reportedPrivate Equity Fund$020Feb 15, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • S•••••• A•••• L•••• · Limited Partner And Managing Director Of P••••••• H••• G••••• P•••••••• L•••control
        since 02/1995 · owns 25% to 50%
      • T••••••• J••••••• J•••• · Limited Partner And Managing Director Of P••••••• H••• G••••• Partners L.P.control
        since 04/2014 · owns 25% to 50%
      • W••••• W••••••• E••••• · Limited Partner And Managing Director Of P••••••• H••• G••••• P•••••••• L•••control
        since 04/2014 · owns 25% to 50%
      • S•••••• A•••• L•••• · Managercontrol
        since 04/2014 · owns F of P••••••• H••• G••••• P••••••• G•• L••
      • T••••••• J••••••• J•••• · Managercontrol
        since 04/2014 · owns F of P••••••• H••• G••••• P••••••• G•• L••
      • W••••• W••••••• E••••• · Managercontrol
        since 04/2014 · owns F of P••••••• H••• G••••• P••••••• G•• L••
      • K••••• S••••• G•••• · Chief Compliance Officer
        since 01/2023 · owns less than 5%
      Entity owners
      • P••••••• H••• G••••• P••••••• G•• L•• · General Partner Of P••••••• H••• G••••• P•••••••• L•••
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • P••••••• H••• G••••• A••••••• I• L•••
        pooled vehicle sponsorn
      • P••••••• H••• G••••• A••••••• I•• L•••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 26, 2026
        RAUM (Item 5.F) moved from $484,716,771 to $310,642,036 (-36.0%) between the annual amendments of 2025-03-26 and 2026-03-26; the peer median change was +4.0% (1148 comparable advisers, 7.0th percentile of changes)
        peers: asset managers, $100M to $500M (1,148) · 6.9% percentile
      What changed
      consecutive filings, newest first
      • Advisory employees · 8 to 6
        Mar 26, 2025 to Mar 26, 2026
      • Assets in custody · $485M to $311M
        Mar 26, 2025 to Mar 26, 2026
      • Employees · 11 to 8
        Mar 26, 2025 to Mar 26, 2026
      • Discretionary RAUM · $485M to $311M
        Mar 26, 2025 to Mar 26, 2026
      • Pooled vehicle RAUM · $485M to $311M
        Mar 26, 2025 to Mar 26, 2026
      • RAUM · $485M to $311M
        Mar 26, 2025 to Mar 26, 2026
      • Advisory employees · 9 to 8
        Mar 29, 2024 to Mar 26, 2025
      • Assets in custody · $561M to $485M
        Mar 29, 2024 to Mar 26, 2025
      • Employees · 12 to 11
        Mar 29, 2024 to Mar 26, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 26, 2025
      • Discretionary RAUM · $561M to $485M
        Mar 29, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $561M to $485M
        Mar 29, 2024 to Mar 26, 2025
      • RAUM · $561M to $485M
        Mar 29, 2024 to Mar 26, 2025
      • Advisory employees · 12 to 9
        Mar 31, 2023 to Mar 29, 2024
      • Assets in custody · $817M to $561M
        Mar 31, 2023 to Mar 29, 2024
      • Employees · 14 to 12
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $817M to $561M
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $817M to $561M
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $817M to $561M
        Mar 31, 2023 to Mar 29, 2024
      • Accounts · 8 to 6
        Mar 30, 2022 to Mar 31, 2023
      • Advisory employees · 17 to 12
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 8 to 6
        Mar 30, 2022 to Mar 31, 2023
      • Assets in custody · $1.1B to $817M
        Mar 30, 2022 to Mar 31, 2023
      • Employees · 19 to 14
        Mar 30, 2022 to Mar 31, 2023
      • Private funds · 8 to 6
        Mar 30, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.1B to $817M
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $1.1B to $817M
        Mar 30, 2022 to Mar 31, 2023
      • RAUM · $1.1B to $817M
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 11 to 8
        Mar 25, 2021 to Mar 30, 2022
      • Assets in custody · $1.3B to $1.1B
        Mar 25, 2021 to Mar 30, 2022
      • Employees · 17 to 19
        Mar 25, 2021 to Mar 30, 2022
      • Private funds · 11 to 8
        Mar 25, 2021 to Mar 30, 2022
      • Discretionary RAUM · $1.3B to $1.1B
        Mar 25, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $1.3B to $1.1B
        Mar 25, 2021 to Mar 30, 2022
      • RAUM · $1.3B to $1.1B
        Mar 25, 2021 to Mar 30, 2022
      • Accounts · 11 to 8
        Mar 25, 2021 to Mar 30, 2022
      • Advisory employees · 15 to 17
        Mar 25, 2021 to Mar 30, 2022
      • Advisory employees · 16 to 15
        Apr 27, 2020 to Mar 25, 2021
      • Assets in custody · $1.0B to $1.3B
        Apr 27, 2020 to Mar 25, 2021
      • Employees · 19 to 17
        Apr 27, 2020 to Mar 25, 2021
      Signals
      7 dated events
      • P••••••• H••• G••••• P•••••••• L••• reported RAUM $310.6M, down 36% from $484.7M (2025-03-26 to 2026-03-26)
        Mar 26, 2026 · RAUM change · derived
      • P••••••• H••• G••••• P•••••••• L••• reported RAUM $561.4M, down 31% from $817.0M (2023-03-31 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • P••••••• H••• G••••• P•••••••• L••• reported RAUM $817.0M, down 28% from $1.1B (2022-03-30 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Anthony David Fiorentino (Limited Partner And Managing Director Of P••••••• H••• G••••• P•••••••• L•••) no longer on Schedule A of P••••••• H••• G••••• P•••••••• L••• (listed 2022-03-30, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • P••••••• H••• G••••• P•••••••• L••• reported RAUM $1.3B, up 28% from $1.0B (2020-04-27 to 2021-03-25)
        Mar 25, 2021 · RAUM change · derived
      • Winston John Childs (Manager) no longer on Schedule A of P••••••• H••• G••••• P•••••••• L••• (listed 2018-05-01, absent 2019-03-28)
        Mar 28, 2019 · Control person left · inference
      • J•• M••••••••• L••• filed its initial SEC registration (Form ADV)
        Mar 31, 2015 · 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/P•••••••-H•••-G•••••-PARTNERSreportedpublic record, Form ADV, Sep 18, 2026
      Website
      P•••••••H•••G•••••.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      617-753-1100reportedpublic record, Form ADV, Mar 26, 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