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
S•••••••••
Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 194512SEC 801-119339websiteIAPD
Legal name S••••••••• M••••••••• S•••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Jul 24, 2020 · 16 filings
SEC status approved since Aug 24, 2020
RAUM
$4.5B
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
50
18 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
52
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$4.5B as of Mar 30, 2026
Mar 29, 2021$1.2B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 29, 20210 then
Employees (5.A)50 as of Mar 30, 2026
Mar 29, 202118 then
Private funds52 as of Mar 30, 2026
Mar 29, 202114 then
RAUM +12% over the last fiscal year+13% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
- $86.9MderivedRAUM 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
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%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
- $3.9B, 52 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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 testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$4.5B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 52reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $3.9B for 52 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
42 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S••••••••• B••••••• F•••• L••• | Venture Capital Fund | $523M | 155 | Mar 31, 2017 |
| S••••••••• F••• I••• L••• | Venture Capital Fund | $482M | 168 | Mar 30, 2019 |
| S••••••••• F••• I•• L• | Venture Capital Fund | $401M | 155 | Mar 31, 2017 |
| S••••••••• B••••••• F••• I••• L••• | Venture Capital Fund | $391M | 268 | Mar 31, 2022 |
| S••••••••• B••••••• F••• I•• L••• | Venture Capital Fund | $348M | 168 | Mar 30, 2019 |
| S••••••••• F••• I•• L••• | Venture Capital Fund | $187M | 268 | Mar 31, 2022 |
| S••••••••• V•• I• L••• | Venture Capital Fund | $165M | 21 | Mar 31, 2022 |
| S••••••••• F•••• L••• | Venture Capital Fund | $152M | 57 | Mar 31, 2017 |
| S••••••••• L•••••• F•••• L••• | Venture Capital Fund | $103M | 1 | Mar 31, 2022 |
| S••••••••• S••• F•••• L••• | Venture Capital Fund | $100M | 1 | Mar 27, 2024 |
| S••••••••• O••••••••• F•••• L••• • S••••• 1• | Venture Capital Fund | $75.1M | 2 | Mar 27, 2024 |
| S••••••••• O••••••••• F•••• L••• S••••• 2• | Venture Capital Fund | $45.4M | 2 | Mar 29, 2021 |
| V•• I••• L•••no longer reported | Venture Capital Fund | $36.4M | 1 | Mar 31, 2022 |
| S••••••••• X•• O••••••••• L••• • S••••• 1• | Venture Capital Fund | $32.5M | 22 | Mar 30, 2023 |
| S••••••••• X•• O••••••••• L••• • S••••• 2• | Venture Capital Fund | $28.2M | 22 | Mar 30, 2023 |
| S••••••••• X•• O••••••••• L••• • S••••• 6• | Venture Capital Fund | $26.2M | 22 | Mar 27, 2024 |
| S••••••••• O••••••••• F•••• L••• S••••• 4• | Venture Capital Fund | $25.9M | 2 | Mar 29, 2021 |
| S••••••••• X•• O••••••••• L••• • S••••• 3• | Venture Capital Fund | $17.2M | 22 | Mar 27, 2024 |
| S••••••••• A••••••••• B••••••• F•••• L••• | Venture Capital Fund | $14.8M | 43 | Mar 28, 2018 |
| S••••••••• O••••••••• F•••• L••• S••••• 1• | Venture Capital Fund | $14.6M | 144 | Mar 29, 2021 |
| S••••••••• A••••••••• F••• I••• L••• | Venture Capital Fund | $11.5M | 53 | Mar 30, 2020 |
| S••••••••• A••••••••• F••• I•• L••• | Venture Capital Fund | $11.4M | 43 | Mar 28, 2018 |
| S••••••••• X•• O••••••••• L••• • S••••• 5• | Venture Capital Fund | $11.1M | 22 | Mar 27, 2024 |
| S••••••••• X•• O••••••••• L••• • S••••• 4• | Venture Capital Fund | $10.7M | 22 | Mar 27, 2024 |
| S••••••••• A••••••••• F•••• L••• | Venture Capital Fund | $10.2M | 31 | Mar 31, 2017 |
| S••••••••• O••••••••• F•••• L••• • S••••• 1• | Venture Capital Fund | $9.6M | 5 | Mar 27, 2024 |
| S••••••••• O••••••••• F•••• L••• • S••••• 1• | Venture Capital Fund | $9.2M | 2 | Mar 30, 2023 |
| S••••••••• A••••••••• B••••••• F••• I•• L••• | Venture Capital Fund | $8.8M | 53 | Mar 30, 2020 |
| S••••••••• O••••••••• F•••• L••• • S••••• 1• | Venture Capital Fund | $8.2M | 91 | Mar 27, 2024 |
| S••••••••• O••••••••• F•••• L••• • S••••• 6• | Venture Capital Fund | $8.1M | 689 | Mar 31, 2022 |
| S••••••••• O••••••••• F•••• L••• • S••••• 1• | Venture Capital Fund | $7.9M | 1 | Mar 31, 2022 |
| S••••••••• O••••••••• F•••• L••• • S••••• 1• | Venture Capital Fund | $7.7M | 6 | Mar 30, 2023 |
| S••••••••• O••••••••• F•••• L••• • S••••• 9• | Venture Capital Fund | $6.9M | 1 | Mar 31, 2022 |
| S••••••••• O••••••••• F•••• L••• • S••••• 1• | Venture Capital Fund | $6.2M | 1 | Mar 27, 2024 |
| S••••••••• O••••••••• F•••• L••• • S••••• 1• | Venture Capital Fund | $5.1M | 1 | Mar 31, 2022 |
| S••••••••• O••••••••• F•••• L••• • S••••• 1• | Venture Capital Fund | $5.0M | 1 | Mar 30, 2023 |
| S••••••••• O••••••••• F•••• L••• S••••• 3• | Venture Capital Fund | $4.7M | 147 | Mar 29, 2021 |
| S••••••••• A••••••••• B••••••• F••• I••• L••• | Venture Capital Fund | $4.3M | 35 | Mar 30, 2023 |
| S••••••••• O••••••••• F•••• L••• • S••••• 7• | Venture Capital Fund | $3.0M | 1 | Mar 31, 2022 |
| S••••••••• A••••••••• F••• I•• L••• | Venture Capital Fund | $2.0M | 35 | Mar 30, 2023 |
Owners and control persons
Schedule A and B, latest filing
- A••••••••• S••••••• C•••• · Chief Compliance Officercontrolsince 07/2020 · owns less than 5%
- F•••••• C••••••••• W• · Managing Member, S••••••••• Management Services LLCcontrolsince 09/2014 · owns 25% to 50%
- K•••••• I••• · Managing Member, S••••••••• Management Services LLCcontrolsince 10/2016 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
- New York, NY
What changed
consecutive filings, newest first
- Accounts · 48 to 52Mar 28, 2025 to Mar 30, 2026
- Advisory employees · 17 to 18Mar 28, 2025 to Mar 30, 2026
- Pooled vehicle clients · 48 to 52Mar 28, 2025 to Mar 30, 2026
- Assets in custody · $3.3B to $3.9BMar 28, 2025 to Mar 30, 2026
- Employees · 49 to 50Mar 28, 2025 to Mar 30, 2026
- Private funds · 48 to 52Mar 28, 2025 to Mar 30, 2026
- Discretionary RAUM · $4.0B to $4.5BMar 28, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $4.0B to $4.5BMar 28, 2025 to Mar 30, 2026
- RAUM · $4.0B to $4.5BMar 28, 2025 to Mar 30, 2026
- Accounts · 41 to 48Jul 8, 2024 to Mar 28, 2025
- Pooled vehicle clients · 41 to 48Jul 8, 2024 to Mar 28, 2025
- Assets in custody · $2.7B to $3.3BJul 8, 2024 to Mar 28, 2025
- Employees · 48 to 49Jul 8, 2024 to Mar 28, 2025
- Financial planning clients · unset to Jul 8, 2024 to Mar 28, 2025
- Private funds · 40 to 48Jul 8, 2024 to Mar 28, 2025
- Discretionary RAUM · $3.3B to $4.0BJul 8, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $3.3B to $4.0BJul 8, 2024 to Mar 28, 2025
- RAUM · $3.3B to $4.0BJul 8, 2024 to Mar 28, 2025
- Accounts · 32 to 41Sep 14, 2023 to Mar 27, 2024
- Advisory employees · 18 to 17Sep 14, 2023 to Mar 27, 2024
- Pooled vehicle clients · 32 to 41Sep 14, 2023 to Mar 27, 2024
- Employees · 49 to 48Sep 14, 2023 to Mar 27, 2024
- Private funds · 32 to 40Sep 14, 2023 to Mar 27, 2024
- Discretionary RAUM · $3.2B to $3.3BSep 14, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $3.2B to $3.3BSep 14, 2023 to Mar 27, 2024
- RAUM · $3.2B to $3.3BSep 14, 2023 to Mar 27, 2024
- Accounts · 26 to 32Nov 4, 2022 to Mar 30, 2023
- Advisory employees · 23 to 18Nov 4, 2022 to Mar 30, 2023
- Pooled vehicle clients · 26 to 32Nov 4, 2022 to Mar 30, 2023
- Assets in custody · $2.6B to $2.7BNov 4, 2022 to Mar 30, 2023
- Employees · 23 to 49Nov 4, 2022 to Mar 30, 2023
- Private funds · 26 to 32Nov 4, 2022 to Mar 30, 2023
- Discretionary RAUM · $2.9B to $3.2BNov 4, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $2.9B to $3.2BNov 4, 2022 to Mar 30, 2023
- RAUM · $2.9B to $3.2BNov 4, 2022 to Mar 30, 2023
- Other offices · 0 to 1Mar 31, 2022 to Jun 13, 2022
- Accounts · 14 to 26Oct 29, 2021 to Mar 31, 2022
- Advisory employees · 18 to 23Oct 29, 2021 to Mar 31, 2022
- Pooled vehicle clients · 14 to 26Oct 29, 2021 to Mar 31, 2022
- Assets in custody · $905M to $2.6BOct 29, 2021 to Mar 31, 2022
Signals
4 dated events
- German Walter Kortschak (Managing Member, Signalfire Management Services Llc) no longer on Schedule A of Signalfire (listed 2023-04-27, absent 2023-09-14)Sep 14, 2023 · Control person left · inference
- B Marcia Kortschak (Trustee) no longer on Schedule A of Signalfire (listed 2023-04-27, absent 2023-09-14)Sep 14, 2023 · Control person left · inference
- Signalfire reported RAUM $2.9B, up 142% from $1.2B (2021-10-29 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Signalfire filed its initial SEC registration (Form ADV)Jul 24, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Signalfire · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- H•••S://WWW.LINKEDIN.COM/COMPANY/S•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 650-850-6000reportedpublic 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