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SEC-registered adviser

T••• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 173124SEC 801-80584websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Nov 5, 2014 · 35 filings
SEC status approved since Dec 5, 2014
RAUM
$140M
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
90
40 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
1
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$140M as of Mar 31, 2026
Mar 30, 2015$181M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 30, 20150 then
Employees (5.A)90 as of Mar 31, 2026
Mar 30, 201546 then
Private funds1 as of Mar 31, 2026
Mar 30, 20152 then
RAUM -81% over the last fiscal year-44% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
$27.9MderivedRAUM 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
unknownderived5 offices incl. principal (1.F.5)
RAUM growth, one year
-81%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 vehicles, selection of other advisersreportedItem 5.G
Custody
$89.4M, 2 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$140M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$89.4M for 2 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=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
      6 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      T••• M••••• F••• V• L•••no longer reportedHedge Fund$604M37Mar 29, 2016
      T••• M••••• F••• I• L•••no longer reportedHedge Fund$584M46Mar 29, 2016
      T••• M••••• F••• L•••no longer reportedHedge Fund$550M40Nov 5, 2014
      T••• M••••• F••• I• L•••no longer reportedHedge Fund$326M31Mar 30, 2015
      T••• C•• M•••••• L•Hedge Fund$255M11Mar 31, 2019
      T••• M••••••••• M••••• F••• L•••Hedge Fund$227M47Mar 27, 2020
      Owners and control persons
      Schedule A and B, latest filing
      • J••••••• B•••••• · Chief Compliance Officer And General Counselcontrol
        since 12/2021 · owns less than 5%
      • L••••• S••••••• K•••• · Chief Technology Officercontrol
        since 03/2024 · owns less than 5%
      • L••••••••• T•••• · Chief Operating Officercontrol
        since 03/2023 · owns less than 5%
      • M•••••••• M••••••• V••••••••• · Chief Executive Officercontrol
        since 06/2014 · owns less than 5%
      • M•••••••• M••••••• V••••••••• · Member/Managercontrol
        since 10/2010 · owns F of L••••• V•••••• P••••••• L••
      • M••••••••• O•••••• M•••••• · Member
        since 10/2015 · owns 25% to 50% of L••••• V•••••• P••••••• L••
      Entity owners
      • T••• S••••••• L•• · Managing Member
        direct · owns 75% or more
      • L••••• V•••••• P••••••• L•• · Member
        indirect · owns 75% or more of T••• S••••••• L••
      Related persons
      Schedule D 7.A
      • T••• G• L••
        investment adviserbankpooled vehicle sponsory
      • T•• S••••••• U• L••••••
        investment adviserbankn
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY16 employees
      • Yerevan, Armenia13 employees
      • Austin, TX9 employees
      • London, United Kingdom1 employees
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • RAUM down 50 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $752,523,000 to $139,526,000 (-81.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +4.0% (1145 comparable advisers, 1.0th percentile of changes)
        peers: asset managers, $100M to $500M (1,145) · 0.8% percentile
      • business activity changedChange between filings · filing Mar 31, 2026
        selection of other advisers (Item 5.G.7): no on the filing of 2025-03-31, yes on the filing of 2026-03-31
        peers: asset managers, $100M to $500M (1,568)
      What changed
      consecutive filings, newest first
      • Accounts · 6 to 5
        Mar 31, 2025 to Mar 31, 2026
      • Advisory activities · 1 to 2
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 6 to 5
        Mar 31, 2025 to Mar 31, 2026
      • Assets in custody · $194M to $89.4M
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 94 to 90
        Mar 31, 2025 to Mar 31, 2026
      • Private funds · 2 to 1
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $753M to $140M
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $753M to $140M
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $753M to $140M
        Mar 31, 2025 to Mar 31, 2026
      • Accounts · 7 to 6
        May 9, 2024 to Mar 31, 2025
      • Advisory employees · 45 to 40
        May 9, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 7 to 6
        May 9, 2024 to Mar 31, 2025
      • Assets in custody · $190M to $194M
        May 9, 2024 to Mar 31, 2025
      • Employees · 86 to 94
        May 9, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        May 9, 2024 to Mar 31, 2025
      • Discretionary RAUM · $754M to $753M
        May 9, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $754M to $753M
        May 9, 2024 to Mar 31, 2025
      • RAUM · $754M to $753M
        May 9, 2024 to Mar 31, 2025
      • Advisory employees · 48 to 45
        Nov 27, 2023 to Mar 28, 2024
      • Assets in custody · $199M to $190M
        Nov 27, 2023 to Mar 28, 2024
      • Employees · 88 to 86
        Nov 27, 2023 to Mar 28, 2024
      • Discretionary RAUM · $783M to $754M
        Nov 27, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $783M to $754M
        Nov 27, 2023 to Mar 28, 2024
      • RAUM · $783M to $754M
        Nov 27, 2023 to Mar 28, 2024
      • Accounts · 6 to 7
        Dec 8, 2022 to Mar 31, 2023
      • Advisory employees · 41 to 48
        Dec 8, 2022 to Mar 31, 2023
      • Advisory activities · 2 to 1
        Dec 8, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 5 to 7
        Dec 8, 2022 to Mar 31, 2023
      • Assets in custody · $94.9M to $199M
        Dec 8, 2022 to Mar 31, 2023
      • Employees · 72 to 88
        Dec 8, 2022 to Mar 31, 2023
      • Other offices · 3 to 4
        Dec 8, 2022 to Mar 31, 2023
      • Discretionary RAUM · $403M to $783M
        Dec 8, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $397M to $783M
        Dec 8, 2022 to Mar 31, 2023
      • RAUM · $403M to $783M
        Dec 8, 2022 to Mar 31, 2023
      • Advisory employees · 33 to 41
        Jan 24, 2022 to Mar 30, 2022
      • Assets in custody · $36.9M to $94.9M
        Jan 24, 2022 to Mar 30, 2022
      • Employees · 65 to 72
        Jan 24, 2022 to Mar 30, 2022
      • Other offices · 2 to 3
        Jan 24, 2022 to Mar 30, 2022
      • Discretionary RAUM · $306M to $468M
        Jan 24, 2022 to Mar 30, 2022
      • Pooled vehicle RAUM · $298M to $462M
        Jan 24, 2022 to Mar 30, 2022
      Signals
      18 dated events
      • T••• C•••••• M••••••••• L•• reported RAUM $139.5M, down 81% from $752.5M (2025-03-31 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • Keith Stephen Lazzo (Chief Technology Officer) appeared on Schedule A of T••• C•••••• M••••••••• L••
        Mar 28, 2024 · Control person joined · fact
      • C•••••••• A••••••• (Chief Technology Officer) no longer on Schedule A of T••• C•••••• M••••••••• L•• (listed 2023-11-27, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • Willigis Reinhold Gebert (Chief Risk Officer) no longer on Schedule A of T••• C•••••• M••••••••• L•• (listed 2023-07-19, absent 2023-09-29)
        Sep 29, 2023 · Control person left · inference
      • Edward Daniel Deering (Chef Financial Officer) no longer on Schedule A of T••• C•••••• M••••••••• L•• (listed 2023-04-11, absent 2023-07-19)
        Jul 19, 2023 · Control person left · inference
      • T••• C•••••• M••••••••• L•• reported RAUM $782.6M, up 94% from $403.2M (2022-12-08 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • T•••• L•••••••• (Chief Operating Officer) appeared on Schedule A of T••• C•••••• M••••••••• L••
        Mar 31, 2023 · Control person joined · fact
      • T••• C•••••• M••••••••• L•• reported RAUM $468.2M, up 53% from $305.5M (2022-01-24 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • Michael Tucker (Chief Technology Officer) no longer on Schedule A of T••• C•••••• M••••••••• L•• (listed 2021-03-30, absent 2021-12-14)
        Dec 14, 2021 · Control person left · inference
      • C•••••••• A••••••• (Chief Technology Officer) appeared on Schedule A of T••• C•••••• M••••••••• L••
        Dec 14, 2021 · Control person joined · fact
      • Orion Jonah Roth (General Counsel & Chief Compliance Officer) no longer on Schedule A of T••• C•••••• M••••••••• L•• (listed 2021-03-30, absent 2021-12-14)
        Dec 14, 2021 · Control person left · inference
      • B•••••• J•••••• (Chief Compliance Officer And General Counsel) appeared on Schedule A of T••• C•••••• M••••••••• L••
        Dec 14, 2021 · Control person joined · fact
      • T••• C•••••• M••••••••• L•• reported RAUM $305.5M, down 36% from $474.7M (2020-05-18 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • T••• C•••••• M••••••••• L•• reported RAUM $474.7M, down 42% from $824.6M (2019-04-16 to 2020-03-27)
        Mar 27, 2020 · RAUM change · derived
      • Mark Benjamin Morof (Chief Compliance Officer) no longer on Schedule A of T••• C•••••• M••••••••• L•• (listed 2019-03-31, absent 2019-04-16)
        Apr 16, 2019 · Control person left · inference
      • T••• C•••••• M••••••••• L•• reported RAUM $824.6M, down 27% from $1.1B (2018-03-27 to 2019-03-31)
        Mar 31, 2019 · RAUM change · derived
      • Michael Tucker (Chief Technology Officer) appeared on Schedule A of T••• C•••••• M••••••••• L••
        Mar 31, 2019 · Control person joined · fact
      • T••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Nov 5, 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
      Firm profile
      linkedin.com/company/teza-capital-management-llc/aboutreportedpublic record, Form ADV, Sep 21, 2026
      Website
      T•••CAPITAL.COMreportedpublic record, Form ADV, Sep 21, 2026
      Principal office phone
      312-768-1650reportedpublic record, Form ADV, Mar 31, 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