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•••••••• C••••••• L•••

Asset manager (funds and pooled vehicles)Burlingame, CaliforniaCRD 281570SEC 801-110953websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Jun 30, 2017 · 17 filings
SEC status approved since Aug 1, 2017
RAUM
$4.4B
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
31
22 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
20
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$4.4B as of Mar 31, 2026
Mar 29, 2018$407M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 29, 20180 then
Employees (5.A)31 as of Mar 31, 2026
Mar 29, 20185 then
Private funds20 as of Mar 31, 2026
Mar 29, 201811 then
RAUM +11% over the last fiscal year+24% 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
$211MderivedRAUM 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
+11%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
$104M, 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$4.4B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
21reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$104M for 3 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
      27 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S•••••••• C•••••• F••• I•• L••Private Equity Fund$1.0B87Mar 28, 2024
      S•••••••• T•••••• I••• L••Private Equity Fund$419M70Mar 30, 2021
      S•••••••• C•••••• F••• I•• L•••Private Equity Fund$305M33Mar 29, 2019
      S•••••••• C•••••• F••• I••• L••Private Equity Fund$291M79Mar 30, 2021
      S•••••••• H••••••••• H•••••••• L••Private Equity Fund$214M31Mar 30, 2023
      S•••••••• C•••••• F•••• L•••Other Private Fund$170M10Oct 5, 2015
      S•••••••• T••••••••• I••• L••Private Equity Fund$131M10Mar 30, 2021
      S•••••••• I•••••••• H•••••••• L••Private Equity Fund$110M26Mar 28, 2024
      S•••••••• T•••••• I•• L•••Private Equity Fund$93.3M29Mar 29, 2019
      S•••••••• C•••••• F••• I• A••••• L••Private Equity Fund$85.2M4Mar 30, 2020
      S•••••••• I••••• I•• L••Other Private Fund$58.0M19Mar 29, 2019
      S•••••••• T••••••••• I•• L•••Private Equity Fund$51.3M4Mar 29, 2019
      S•••••••• A••• H•••••••• L••Other Private Fund$43.0M11Mar 30, 2020
      S•••••••• I••••• A••••• L••Other Private Fund$30.7M23Apr 1, 2022
      S•••••••• A••• H••••••• I•• L••Private Equity Fund$23.0M2Mar 30, 2023
      S•••••••• I•••••• L••no longer reportedPrivate Equity Fund$19.7M19Mar 31, 2017
      S•••••••• I••••• I••• L••no longer reportedPrivate Equity Fund$9.8M14Mar 29, 2019
      S•••••••• R••• H•••••••• L•••no longer reportedPrivate Equity Fund$2.3M26Mar 31, 2017
      S••••••••• D••••••••• C••••••••• L•••no longer reportedPrivate Equity Fund$1.0M2Oct 5, 2015
      S•••••••• R••• H••••••• I•• L••• • S••••• 2•no longer reportedPrivate Equity Fund$247,6032Jun 30, 2017
      S•••••••• R••• H••••••• I•• L••• • S••••• 4•no longer reportedPrivate Equity Fund$247,6032Jun 30, 2017
      S•••••••• R••• H••••••• I•• L••• • S••••• 3•no longer reportedPrivate Equity Fund$247,6032Jun 30, 2017
      S•••••••• R••• H••••••• I•• L••• • S••••• 1•no longer reportedPrivate Equity Fund$208,6032Jun 30, 2017
      S•••••••• R••• H••••••• I•• L••• • S••••• 6•no longer reportedPrivate Equity Fund$91,0292Jun 30, 2017
      S•••••••• R••• H••••••• I•• L••• • S••••• 8•no longer reportedPrivate Equity Fund$91,0292Jun 30, 2017
      S•••••••• R••• H••••••• I•• L••• • S••••• 7•no longer reportedPrivate Equity Fund$91,0292Jun 30, 2017
      S•••••••• R••• H••••••• I•• L••• • S••••• 5•no longer reportedPrivate Equity Fund$88,0292Jun 30, 2017
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• R•••••• J••• · Partner / Chief Financial Officer / Chief Compliance Officercontrol
        since 01/2019 · owns 5% to 10%
      • E••••• M••••••• C••••••••• · Managing Partnercontrol
        since 09/2015 · owns 50% to 75%
      • H•••• M•••• C•••••••• · Partner / Chief Operations Officer
        since 05/2017 · owns 10% to 25%
      • M•••••• J•••••• S•••• · Partner
        since 01/2021 · owns 10% to 25%
      • P••••••• D••••• W•••••• · Operating Partner
        since 06/2021 · owns 5% to 10%
      Related persons
      Schedule D 7.A
      • C••••••••• D• G•• L••
        pooled vehicle sponsorn
      • S•••••••• C•••••• G•• L••
        investment adviserbankpooled vehicle sponsory
      • S•••••••• C•••••• I• G•• L••
        investment adviserbankpooled vehicle sponsorn
      • S•••••••• C•••••• I•• G• L••
        investment adviserbankpooled vehicle sponsory
      • S•••••••• C•••••• I• G•• L••
        investment adviserbankpooled vehicle sponsory
      • S•••••••• C••••••• G•• L••
        investment adviserbankpooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY9 employees
      What changed
      consecutive filings, newest first
      • Accounts · 19 to 21
        Sep 8, 2025 to Mar 31, 2026
      • Advisory employees · 17 to 22
        Sep 8, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 19 to 21
        Sep 8, 2025 to Mar 31, 2026
      • Assets in custody · $88.5M to $104M
        Sep 8, 2025 to Mar 31, 2026
      • Employees · 26 to 31
        Sep 8, 2025 to Mar 31, 2026
      • Private funds · 19 to 20
        Sep 8, 2025 to Mar 31, 2026
      • Discretionary RAUM · $4.0B to $4.4B
        Sep 8, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $4.0B to $4.4B
        Sep 8, 2025 to Mar 31, 2026
      • RAUM · $4.0B to $4.4B
        Sep 8, 2025 to Mar 31, 2026
      • HQ city · SAN FRANCISCO to BURLINGAME
        Mar 31, 2025 to Sep 8, 2025
      • Accounts · 16 to 19
        Apr 29, 2024 to Mar 31, 2025
      • Advisory employees · 15 to 17
        Apr 29, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 16 to 19
        Apr 29, 2024 to Mar 31, 2025
      • Assets in custody · $88.7M to $88.5M
        Apr 29, 2024 to Mar 31, 2025
      • Employees · 24 to 26
        Apr 29, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Apr 29, 2024 to Mar 31, 2025
      • Private funds · 16 to 19
        Apr 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $3.5B to $4.0B
        Apr 29, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $3.5B to $4.0B
        Apr 29, 2024 to Mar 31, 2025
      • RAUM · $3.5B to $4.0B
        Apr 29, 2024 to Mar 31, 2025
      • Accounts · 14 to 16
        Apr 27, 2023 to Mar 28, 2024
      • Advisory employees · 10 to 15
        Apr 27, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 14 to 16
        Apr 27, 2023 to Mar 28, 2024
      • Assets in custody · $76.8M to $88.7M
        Apr 27, 2023 to Mar 28, 2024
      • Employees · 16 to 24
        Apr 27, 2023 to Mar 28, 2024
      • Private funds · 14 to 16
        Apr 27, 2023 to Mar 28, 2024
      • Discretionary RAUM · $2.3B to $3.5B
        Apr 27, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $2.3B to $3.5B
        Apr 27, 2023 to Mar 28, 2024
      • RAUM · $2.3B to $3.5B
        Apr 27, 2023 to Mar 28, 2024
      • Accounts · 21 to 14
        Jun 8, 2022 to Mar 30, 2023
      • Advisory employees · 8 to 10
        Jun 8, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 21 to 14
        Jun 8, 2022 to Mar 30, 2023
      • Assets in custody · $67.9M to $76.8M
        Jun 8, 2022 to Mar 30, 2023
      • Employees · 14 to 16
        Jun 8, 2022 to Mar 30, 2023
      • Private funds · 21 to 14
        Jun 8, 2022 to Mar 30, 2023
      • Discretionary RAUM · $2.0B to $2.3B
        Jun 8, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $2.0B to $2.3B
        Jun 8, 2022 to Mar 30, 2023
      • RAUM · $2.0B to $2.3B
        Jun 8, 2022 to Mar 30, 2023
      • Advisory employees · 7 to 8
        May 11, 2022 to Jun 8, 2022
      • Employees · 15 to 14
        May 11, 2022 to Jun 8, 2022
      Signals
      6 dated events
      • S•••••••• C••••••• L••• reported RAUM $3.5B, up 53% from $2.3B (2023-04-27 to 2024-03-28)
        Mar 28, 2024 · RAUM change · derived
      • S•••••••• C••••••• L••• reported RAUM $1.9B, up 117% from $853.4M (2020-03-30 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • S•••••••• C••••••• L••• reported RAUM $853.4M, up 41% from $604.7M (2019-03-29 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • S•••••••• C••••••• L••• reported RAUM $604.7M, up 49% from $407.1M (2018-09-13 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • John Robert Bacon (Chief Financial Officer) appeared on Schedule A of S•••••••• C••••••• L•••
        Mar 29, 2019 · Control person joined · fact
      • S•••••••• C••••••• L••• filed its initial SEC registration (Form ADV)
        Jun 30, 2017 · 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/S••••••••-CAPITALreportedpublic record, Form ADV, Sep 18, 2026
      Website
      s•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415.914.0782reportedpublic 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