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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
K•••• R•••••• L•
Latest filing Mar 31, 2026
First filing on the tape Sep 8, 2015 · 26 filings
SEC status approved since Oct 16, 2015
RAUM
$275M
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
10
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
7
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$275M as of Mar 31, 2026
Mar 29, 2016$1.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 29, 20160 then
Employees (5.A)10 as of Mar 31, 2026
Mar 29, 201612 then
Private funds7 as of Mar 31, 2026
Mar 29, 20169 then
RAUM +72% over the last fiscal year+5.7% 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
- $34.4MderivedRAUM 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
- +72%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- fixed fees, performance-based, otherreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $239M, 8 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$275M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 8reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $239M for 8 clientsreported
- Compensation
- fixed, 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
21 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| K•••• M•••••• H••••••• L••no longer reported | Real Estate Fund | $857M | 3 | Sep 8, 2015 |
| C•••••• S•••••••• L•• | Private Equity Fund | $52.4M | 109 | Mar 31, 2023 |
| H•••••••• A••••••••• L•• | Private Equity Fund | $37.8M | 79 | Mar 31, 2023 |
| B•••••••• R••• E••••• S••••••••• F••• L••no longer reported | Real Estate Fund | $37.6M | 39 | Mar 29, 2016 |
| U•••••• A••••••••• L••• F••• L•• | Real Estate Fund | $35.4M | 107 | Sep 8, 2015 |
| U•••••• A••••••••• L••• F••• I• L•• | Real Estate Fund | $24.4M | 40 | Sep 8, 2015 |
| B•••••••• R••• E••••• O••••••••• F••• I• L•no longer reported | Real Estate Fund | $7.7M | 6 | Sep 8, 2015 |
| S••••• H••• K•••• E••••• L•• | Real Estate Fund | $5.8M | 40 | Mar 31, 2023 |
| B•••••••• R••••• O••••••••• F••• L• | Real Estate Fund | $5.4M | 15 | Sep 8, 2015 |
| H•• C•••• L•• | Real Estate Fund | $4.7M | 40 | Mar 31, 2023 |
| D• E••••• L•• | Private Equity Fund | $4.1M | 33 | Mar 31, 2023 |
| H•• B•••••••• L•• | Real Estate Fund | $3.4M | 31 | Mar 31, 2023 |
| K•••••••• L•• | Real Estate Fund | $2.4M | 119 | Sep 8, 2015 |
| K•••••••• E••••• ••••••• L•• | Private Equity Fund | $2.4M | 28 | Mar 31, 2023 |
| K• L•• E••••• L•• | Private Equity Fund | $2.0M | 15 | Mar 31, 2023 |
| K••••••••• I•• L•• | Private Equity Fund | $1.2M | 28 | Mar 31, 2023 |
| K•• A• M•••••• L•• | Real Estate Fund | $957,558 | 73 | Sep 8, 2015 |
| H• L• L•• | Private Equity Fund | $937,800 | 34 | Mar 31, 2023 |
| A•• K•••• E••••• L•• | Real Estate Fund | $693,812 | 146 | Sep 8, 2015 |
| K•• I• L•• | Private Equity Fund | $455,315 | 18 | Mar 31, 2023 |
| K•••• W• L•• | Real Estate Fund | $56,648 | 14 | Mar 31, 2023 |
Owners and control persons
Schedule A and B, latest filing
- K••••• H•••••• M•••• · President & Treasurercontrolsince 06/1988 · owns less than 5%
- L•••• R•••• C••••••• · Vice Presidentcontrolsince 11/2014 · owns less than 5%
- S•••••• R•••• L•••••• · Cfo And Ccocontrolsince 02/2015 · owns less than 5%
- K••••• H•••••• M•••• · Trustee And Beneficiarycontrolsince 11/1989 · owns 75% or more of H••••• M• K•••• R•••••••• T••••
Entity owners
- H•• H•••••• L•• · Owner And Limited Partnerdirect · owns 50% to 75%
- K•••• R••••• L•• · Owner And General Partnerdirect · owns 50% to 75%
- H••••• M• K•••• R•••••••• T•••• · Ownerindirect · owns 75% or more of H•• H•••••• L••
- H••••• M• K•••• R•••••••• T•••• · Ownerindirect · owns 75% or more of K•••• R••••• L••
Related persons
Schedule D 7.A
- A•• K•••• O••••••••• L••pooled vehicle sponsory
- A•• O••••••••• L••pooled vehicle sponsory
- B•••••••• O••••••••• L••pooled vehicle sponsory
- B•••••••• R••••• P••••••• I• L•pooled vehicle sponsory
- B•••••••• R••••• P••••••• L••pooled vehicle sponsory
- C•••••• O••••••••• L••pooled vehicle sponsory
- H••••••••• O••••••••• L••pooled vehicle sponsory
- H•••••••• O••••••••• L••pooled vehicle sponsory
- K••• O••••••••• I• L••pooled vehicle sponsory
- K••• O••••••••• L••pooled vehicle sponsory
- K••••••• O••••••••• L••pooled vehicle sponsory
- K••••••• L••pooled vehicle sponsory
- S•• A•••••• S••••• H••• O••••••••• L••pooled vehicle sponsory
- T••••••••• A• I••••••••• I• L••pooled vehicle sponsorn
- T••••••••• 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 up 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $159,635,008 to $275,028,763 (+72.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +4.0% (1148 comparable advisers, 94.0th percentile of changes)peers: asset managers, $100M to $500M (1,148) · 94% percentile
What changed
consecutive filings, newest first
- Accounts · 6 to 8Oct 16, 2025 to Mar 31, 2026
- Pooled vehicle clients · 6 to 8Oct 16, 2025 to Mar 31, 2026
- Assets in custody · $146M to $239MOct 16, 2025 to Mar 31, 2026
- Private funds · 5 to 7Oct 16, 2025 to Mar 31, 2026
- Discretionary RAUM · $160M to $275MOct 16, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $160M to $275MOct 16, 2025 to Mar 31, 2026
- RAUM · $160M to $275MOct 16, 2025 to Mar 31, 2026
- Accounts · 20 to 6Feb 26, 2025 to Mar 31, 2025
- Advisory employees · 3 to 2Feb 26, 2025 to Mar 31, 2025
- Pooled vehicle clients · 20 to 6Feb 26, 2025 to Mar 31, 2025
- Assets in custody · $184M to $146MFeb 26, 2025 to Mar 31, 2025
- Employees · 12 to 10Feb 26, 2025 to Mar 31, 2025
- Financial planning clients · unset to Feb 26, 2025 to Mar 31, 2025
- Private funds · 17 to 5Feb 26, 2025 to Mar 31, 2025
- Discretionary RAUM · $203M to $160MFeb 26, 2025 to Mar 31, 2025
- Pooled vehicle RAUM · $203M to $160MFeb 26, 2025 to Mar 31, 2025
- RAUM · $203M to $160MFeb 26, 2025 to Mar 31, 2025
- Accounts · 21 to 20Mar 8, 2024 to Mar 29, 2024
- Advisory employees · 4 to 3Mar 8, 2024 to Mar 29, 2024
- Pooled vehicle clients · 21 to 20Mar 8, 2024 to Mar 29, 2024
- Assets in custody · $213M to $184MMar 8, 2024 to Mar 29, 2024
- Employees · 14 to 12Mar 8, 2024 to Mar 29, 2024
- Private funds · 18 to 17Mar 8, 2024 to Mar 29, 2024
- Discretionary RAUM · $233M to $203MMar 8, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $233M to $203MMar 8, 2024 to Mar 29, 2024
- RAUM · $233M to $203MMar 8, 2024 to Mar 29, 2024
- Accounts · 8 to 21Mar 30, 2022 to Mar 31, 2023
- Advisory employees · 5 to 4Mar 30, 2022 to Mar 31, 2023
- Pooled vehicle clients · 8 to 21Mar 30, 2022 to Mar 31, 2023
- Assets in custody · $2.0B to $213MMar 30, 2022 to Mar 31, 2023
- Private funds · 6 to 18Mar 30, 2022 to Mar 31, 2023
- Discretionary RAUM · $2.0B to $233MMar 30, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $2.0B to $233MMar 30, 2022 to Mar 31, 2023
- RAUM · $2.0B to $233MMar 30, 2022 to Mar 31, 2023
- Advisory employees · 6 to 5Mar 30, 2021 to Mar 30, 2022
- Assets in custody · $1.2B to $2.0BMar 30, 2021 to Mar 30, 2022
- Employees · 15 to 14Mar 30, 2021 to Mar 30, 2022
- Discretionary RAUM · $1.2B to $2.0BMar 30, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $1.2B to $2.0BMar 30, 2021 to Mar 30, 2022
- RAUM · $1.2B to $2.0BMar 30, 2021 to Mar 30, 2022
Signals
4 dated events
- K•••• R•••••• L• reported RAUM $275.0M, up 72% from $159.6M (2025-10-16 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- K•••• R•••••• L• reported RAUM $232.8M, down 88% from $2.0B (2022-03-30 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- K•••• R•••••• L• reported RAUM $2.0B, up 62% from $1.2B (2021-03-30 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- K•••• R•••••• L• filed its initial SEC registration (Form ADV)Sep 8, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- K•••• R•••••• L• · Independent Sponsorsshared crd · capital_provider
- K•••• R•••••• L• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- H••••://WWW.K••••R•••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 312-360-1234reportedpublic 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
Across the graphs
K•••• R•••••• L• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
Checking your plan…