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

Puissance Capital Management LP

Independent wealth managerCRD 175226SEC 801-135328websiteIAPD
Latest filing Jan 13, 2026
First filing on the tape Mar 6, 2015 · 13 filings
SEC status approved since Feb 17, 2026
RAUM
$45.0M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
73%
$33.0M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$45.0M as of Jan 13, 2026
Mar 8, 2016$108M then
HNW client RAUM$33.0M as of Jan 13, 2026
Aug 12, 2025$0 then
State-registered IARs (5.B.3)0 as of Jan 13, 2026
Mar 8, 20160 then
Employees (5.A)2 as of Jan 13, 2026
Mar 8, 201610 then
Private funds1 as of Jan 13, 2026
Mar 8, 20162 then
RAUM +202% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Jan 13, 2026; every figure names its basis
Archetypes, each a printed rule
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
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
$15.0MderivedRAUM 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
+202%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 individuals, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$45.0M, 3 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
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$33.0M73%
  • Pooled investment vehicles$12.0M27%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$45.0M for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.73 fund_share=0.27 institutional_share=0.0 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
      10 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Puissance Capital Master Fund LPno longer reportedHedge Fund$80.7M20Jul 9, 2015
      Puissance Cross-Border Opportunities I LPno longer reportedPrivate Equity Fund$31.2M3Mar 30, 2017
      Puissance Life Science Opportunities Fund ViPrivate Equity Fund$14.2M4Mar 14, 2019
      Puissance Asia Master Fund LPno longer reportedHedge Fund$8.5M1Jul 9, 2015
      Puissance Cross-Border Opportunities II LLCno longer reportedPrivate Equity Fund$8.3M3Jan 25, 2018
      Puissance Cross-Border Opportunities III LLCno longer reportedPrivate Equity Fund$3.0M2Jan 25, 2018
      Puissance Cross-Border Opportunities IV LLCPrivate Equity Fund$2.0M1Jan 25, 2018
      Puissance China Market Neutral Master Fund LPno longer reportedHedge Fund$1.9M1Mar 30, 2017
      Puissance Cross Border Opportunities V LLCno longer reportedPrivate Equity Fund$200,0393Jan 25, 2018
      Puissance Life Science Opportunities Fund Viino longer reportedPrivate Equity Fund$420Jan 25, 2018
      Owners and control persons
      Schedule A and B, latest filing
      • Tiefei Theodore Wang · Chief Investment Officer / Ccocontrol
        since 01/2015 · owns 75% or more
      • Tiefei Theodore Wang · Managing Membercontrol
        since 01/2015 · owns 75% or more of Puissance Capital Management (Gp) LLC
      Entity owners
      • Puissance Capital Management (Gp) LLC · General Partner Of Registrant
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • business activity changedChange between filings · filing Jan 13, 2026
        advises private funds (Item 7.B): no on the filing of 2025-08-12, yes on the filing of 2026-01-13
        peers: independent wealth managers, under $100M (704)
      What changed
      consecutive filings, newest first
      • Accounts · 0 to 3
        Aug 12, 2025 to Jan 13, 2026
      • Pooled vehicle clients · unset to 1.0
        Aug 12, 2025 to Jan 13, 2026
      • Assets in custody · $0 to $45.0M
        Aug 12, 2025 to Jan 13, 2026
      • Other offices · 1 to 0
        Aug 12, 2025 to Jan 13, 2026
      • Private funds · unset to 1
        Aug 12, 2025 to Jan 13, 2026
      • Discretionary RAUM · $0 to $45.0M
        Aug 12, 2025 to Jan 13, 2026
      • HNW RAUM · $0 to $33.0M
        Aug 12, 2025 to Jan 13, 2026
      • Individual RAUM · 0.0 to unset
        Aug 12, 2025 to Jan 13, 2026
      • Pooled vehicle RAUM · unset to 12000000.0
        Aug 12, 2025 to Jan 13, 2026
      • RAUM · $0 to $45.0M
        Aug 12, 2025 to Jan 13, 2026
      • Accounts · 1 to 0
        Feb 10, 2025 to Aug 12, 2025
      • Advisory activities · 1 to 2
        Feb 10, 2025 to Aug 12, 2025
      • Pooled vehicle clients · 1.0 to unset
        Feb 10, 2025 to Aug 12, 2025
      • Assets in custody · $14.9M to $0
        Feb 10, 2025 to Aug 12, 2025
      • Financial planning clients · unset to
        Feb 10, 2025 to Aug 12, 2025
      • Other offices · 0 to 1
        Feb 10, 2025 to Aug 12, 2025
      • Private funds · 1 to unset
        Feb 10, 2025 to Aug 12, 2025
      • Discretionary RAUM · $14.9M to $0
        Feb 10, 2025 to Aug 12, 2025
      • HNW RAUM · unset to 0.0
        Feb 10, 2025 to Aug 12, 2025
      • Individual RAUM · unset to 0.0
        Feb 10, 2025 to Aug 12, 2025
      • Pooled vehicle RAUM · 14887986.0 to unset
        Feb 10, 2025 to Aug 12, 2025
      • RAUM · $14.9M to $0
        Feb 10, 2025 to Aug 12, 2025
      • Accounts · 2 to 1
        Mar 8, 2022 to Feb 10, 2025
      • Pooled vehicle clients · 2 to 1
        Mar 8, 2022 to Feb 10, 2025
      • Assets in custody · $23.1M to $14.9M
        Mar 8, 2022 to Feb 10, 2025
      • Employees · 3 to 2
        Mar 8, 2022 to Feb 10, 2025
      • HQ city · NEW YORK to
        Mar 8, 2022 to Feb 10, 2025
      • HQ state · NY to
        Mar 8, 2022 to Feb 10, 2025
      • Private funds · 2 to 1
        Mar 8, 2022 to Feb 10, 2025
      • Discretionary RAUM · $25.1M to $14.9M
        Mar 8, 2022 to Feb 10, 2025
      • Pooled vehicle RAUM · $25.1M to $14.9M
        Mar 8, 2022 to Feb 10, 2025
      • RAUM · $25.1M to $14.9M
        Mar 8, 2022 to Feb 10, 2025
      • Accounts · 3 to 2
        Jan 25, 2021 to Mar 8, 2022
      • Pooled vehicle clients · 3 to 2
        Jan 25, 2021 to Mar 8, 2022
      • Assets in custody · $34.1M to $23.1M
        Jan 25, 2021 to Mar 8, 2022
      • Private funds · 3 to 2
        Jan 25, 2021 to Mar 8, 2022
      • Discretionary RAUM · $34.1M to $25.1M
        Jan 25, 2021 to Mar 8, 2022
      • Pooled vehicle RAUM · $34.1M to $25.1M
        Jan 25, 2021 to Mar 8, 2022
      • RAUM · $34.1M to $25.1M
        Jan 25, 2021 to Mar 8, 2022
      • Accounts · 7 to 3
        Feb 28, 2020 to Jan 25, 2021
      Signals
      3 dated events
      • Puissance Capital Management Lp no longer on the SEC adviser roster (last listed 2025-12-20)
        Jan 2, 2026 · Left the SEC roster · derived
      • Puissance Capital Management Lp no longer on the SEC adviser roster (last listed 2025-06-02, RAUM $14.9M)
        Jul 1, 2025 · Left the SEC roster · derived
      • Puissance Capital Management Lp filed its initial SEC registration (Form ADV)
        Mar 6, 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
      Website
      PUISSANCECAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      212-878-3702reportedpublic record, Form ADV, Jan 13, 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
      Independent wealth managerderiveda 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