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

T••• L••• C•••••• P•••••••• L••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 173784SEC 801-106682websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Sep 15, 2015 · 20 filings
SEC status approved since Sep 23, 2015
RAUM
$3.8B
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
30
20 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
11
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$3.8B as of Mar 30, 2026
Mar 29, 2016$286M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 29, 20160 then
Employees (5.A)30 as of Mar 30, 2026
Mar 29, 20166 then
Private funds11 as of Mar 30, 2026
Mar 29, 20162 then
RAUM +28% over the last fiscal year+21% a year over threeIARs 0 to 0offices 1 to 2
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
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
$214MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
+28%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 vehiclesreportedItem 5.G
Custody
$3.8B, 18 clientsreportedItem 9.A
Ownership
a PE fund or sponsor is a 25 percent or greater owner on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$2.8B72%
  • Other investment advisers$1.0B27%
  • Insurance companies$46.2M1.2%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
18reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$3.8B for 18 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.99 institutional_share=0.01 related_bd=true related_bank=false bd_reps=1.0derived
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
      8 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••• N•••••• F••••••• · Chief Compliance Officercontrol
        since 10/2014 · owns less than 5%
      • B•••••••• T•••• M•••• · Chief Financial Officercontrol
        since 06/2020 · owns less than 5%
      • B••••••• S••••• J••••••• · Member Of Board Of Managerscontrol
        since 10/2014 · owns less than 5%
      • C•••• C••••••••• F•••••• · Member Of Board Of Managerscontrol
        since 07/2024 · owns less than 5%
      • D•••••• B••••••• E••••• · Member Of Board Of Managerscontrol
        since 07/2024 · owns less than 5%
      • Q•••••• T•••••• R••••••• · Managing Member And Member Of Board Of Managerscontrol
        since 10/2014 · owns 5% to 10%
      • S••••••••• J•••••••• V••• · Managing Member And Member Of Board Of Managerscontrol
        since 10/2014 · owns 5% to 10%
      • C••••• J••••• D••••• · Managing Membercontrol
        since 12/2008 · owns 75% or more of J• T•••••• V• L••
      • D••••• C••••••• A••••• · Managing Membercontrol
        since 12/2011 · owns 75% or more of C• T•••••• V• L••
      • W••••••• D••••• J•• · Managing Membercontrol
        since 12/2008 · owns 75% or more of D• T•••••• V• L••
      • Z•••••• N••••••• D•••• · Managing Membercontrol
        since 12/2008 · owns 75% or more of N• T•••••• V• L••
      Entity owners
      • A•••• G• H•••••••• L•• · Member
        direct · owns 25% to 50%
      • A•••• I••••••••• · Sole Member
        indirect · owns 75% or more of A•••• G• H•••••••• L•• · public reporting company
      • C• T•••••• V• L•• · General Partner
        indirect · owns F of T•••••• Capital V, L.P,
      • C• T•••••• V• L•• · General Partner
        indirect · owns F of T•••••• C•••••• V•••• L•••
      • D• T•••••• V• L•• · General Partner
        indirect · owns F of T•••••• C•••••• V• L•••
      • D• T•••••• V• L•• · General Partner
        indirect · owns F of T•••••• C•••••• V•••• L•••
      • J• T•••••• V• L•• · General Partner
        indirect · owns F of T•••••• C•••••• V• L•••
      • J• T•••••• V• L•• · General Partner
        indirect · owns F of T•••••• C•••••• V•••• L•••
      • N• T•••••• V• L•• · General Partner
        indirect · owns F of T•••••• C•••••• V• L•••
      • N• T•••••• V• L•• · General Partner
        indirect · owns F of T•••••• C•••••• V•••• L•••
      • T•••••• C•••••• V•••• L••• · General Partner
        indirect · owns F of T•••••• V• P••••••• F•••• L•••
      • T•••••• C•••••• V• L••• · General Partner
        indirect · owns F of T•••••• V• L•••
      • T•••••• V• P••••••• F•••• L••• · Member
        indirect · owns 25% to 50% of T•••••• T••• L••• M••••••••• I•••
      • T•••••• V• L••• · Member
        indirect · owns 50% to 75% of T•••••• T••• L••• M••••••••• I•••
      • T•••••• T••• L••• M••••••••• I••• · Member
        direct · owns 10% to 25%
      • U••••••••• O• T•••• S••••• · Member
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY2 employees
      What changed
      consecutive filings, newest first
      • Accounts · 14 to 18
        Jul 8, 2025 to Mar 30, 2026
      • Advisory employees · 18 to 20
        Jul 8, 2025 to Mar 30, 2026
      • BD registered reps · 2 to 1
        Jul 8, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 11 to 14
        Jul 8, 2025 to Mar 30, 2026
      • Assets in custody · $3.0B to $3.8B
        Jul 8, 2025 to Mar 30, 2026
      • Employees · 29 to 30
        Jul 8, 2025 to Mar 30, 2026
      • Financial planning clients · to 0
        Jul 8, 2025 to Mar 30, 2026
      • Other offices · 1 to 2
        Jul 8, 2025 to Mar 30, 2026
      • Private funds · 10 to 11
        Jul 8, 2025 to Mar 30, 2026
      • Discretionary RAUM · $3.0B to $3.8B
        Jul 8, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $2.2B to $2.8B
        Jul 8, 2025 to Mar 30, 2026
      • RAUM · $3.0B to $3.8B
        Jul 8, 2025 to Mar 30, 2026
      • Related adviser · true to false
        Jul 8, 2025 to Mar 30, 2026
      • Financial planning clients · unset to
        Mar 31, 2025 to Jul 8, 2025
      • Accounts · 10 to 14
        Sep 9, 2024 to Mar 31, 2025
      • Advisory employees · 16 to 18
        Sep 9, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 8 to 11
        Sep 9, 2024 to Mar 31, 2025
      • Assets in custody · $2.3B to $3.0B
        Sep 9, 2024 to Mar 31, 2025
      • Employees · 23 to 29
        Sep 9, 2024 to Mar 31, 2025
      • Private funds · 8 to 10
        Sep 9, 2024 to Mar 31, 2025
      • Discretionary RAUM · $2.3B to $3.0B
        Sep 9, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $1.6B to $2.2B
        Sep 9, 2024 to Mar 31, 2025
      • RAUM · $2.3B to $3.0B
        Sep 9, 2024 to Mar 31, 2025
      • Private funds · 7 to 8
        Mar 29, 2024 to May 29, 2024
      • Accounts · 9 to 10
        Mar 31, 2023 to Mar 29, 2024
      • Advisory activities · 1 to 2
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 7 to 8
        Mar 31, 2023 to Mar 29, 2024
      • Assets in custody · $2.2B to $2.3B
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $2.2B to $2.3B
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $1.6B to $1.6B
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $2.2B to $2.3B
        Mar 31, 2023 to Mar 29, 2024
      • Accounts · 8 to 9
        Nov 8, 2022 to Mar 31, 2023
      • Advisory employees · 13 to 16
        Nov 8, 2022 to Mar 31, 2023
      • BD registered reps · 0 to 2
        Nov 8, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 6 to 7
        Nov 8, 2022 to Mar 31, 2023
      • Assets in custody · $1.6B to $2.2B
        Nov 8, 2022 to Mar 31, 2023
      • Employees · 18 to 23
        Nov 8, 2022 to Mar 31, 2023
      • Private funds · 6 to 7
        Nov 8, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.6B to $2.2B
        Nov 8, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $1.2B to $1.6B
        Nov 8, 2022 to Mar 31, 2023
      Signals
      16 dated events
      • T••• L••• C•••••• P•••••••• L•• reported RAUM $3.8B, up 28% from $3.0B (2025-07-08 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • T••• L••• C•••••• P•••••••• L•• reported RAUM $3.0B, up 32% from $2.3B (2024-09-09 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • Robert James Matthews (Member Of Board Of Managers) no longer on Schedule A of T••• L••• C•••••• P•••••••• L•• (listed 2024-05-29, absent 2024-09-09)
        Sep 9, 2024 · Control person left · inference
      • Frances Catherine Cole (Member Of Board Of Managers) appeared on Schedule A of T••• L••• C•••••• P•••••••• L••
        Sep 9, 2024 · Control person joined · fact
      • Eugene Bradley Dyslin (Member Of Board Of Managers) appeared on Schedule A of T••• L••• C•••••• P•••••••• L••
        Sep 9, 2024 · Control person joined · fact
      • T••• L••• C•••••• P•••••••• L•• reported RAUM $2.2B, up 35% from $1.6B (2022-11-08 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Mitchell Andrew Paul (Member, Member Of Board Of Managers) no longer on Schedule A of T••• L••• C•••••• P•••••••• L•• (listed 2022-11-08, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Adam Gainsley M•••••• Korengold (Member, Member Of Board Of Managers) no longer on Schedule A of T••• L••• C•••••• P•••••••• L•• (listed 2022-11-08, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • T••• L••• C•••••• P•••••••• L•• reported RAUM $1.6B, up 43% from $1.1B (2021-07-27 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Marie Tina Badciong (Chief Financial Officer) appeared on Schedule A of T••• L••• C•••••• P•••••••• L••
        Aug 20, 2020 · Control person joined · fact
      • M•••••• D•••• H••••• (Chief Financial Officer) no longer on Schedule A of T••• L••• C•••••• P•••••••• L•• (listed 2020-03-30, absent 2020-08-20)
        Aug 20, 2020 · Control person left · inference
      • T••• L••• C•••••• P•••••••• L•• reported RAUM $1.0B, up 43% from $731.3M (2020-03-23 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • T••• L••• C•••••• P•••••••• L•• reported RAUM $731.3M, up 60% from $457.3M (2018-03-19 to 2019-03-30)
        Mar 30, 2019 · RAUM change · derived
      • Max Peter Mundheim (Member Of Board Of Managers) no longer on Schedule A of T••• L••• C•••••• P•••••••• L•• (listed 2018-03-19, absent 2019-03-30)
        Mar 30, 2019 · Control person left · inference
      • T••• L••• C•••••• P•••••••• L•• reported RAUM $457.3M, up 55% from $295.5M (2017-03-30 to 2018-03-19)
        Mar 19, 2018 · RAUM change · derived
      • T••• L••• C•••••• P•••••••• L•• filed its initial SEC registration (Form ADV)
        Sep 15, 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/tree-line-capital-partnersreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-795-7575reportedpublic record, Form ADV, Mar 30, 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