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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Former SEC-registered adviser

C•• L••

Former SEC-registered adviserNew York, New YorkCRD 281876SEC 801-106894websiteIAPD
Latest filing Jul 30, 2024
First filing on the tape Nov 2, 2015 · 23 filings
SEC status approved since Nov 9, 2015
RAUM
$963M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.2%
$1.5M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
26
14 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
78
$563M gross assets
History
23 filings and snapshots on the tape
RAUM$963M as of Mar 26, 2024
Mar 4, 2016$25.0M then
HNW client RAUM$1.5M as of Mar 26, 2024
Mar 28, 2018$7.8M then
State-registered IARs (5.B.3)0 as of Mar 26, 2024
Mar 4, 20160 then
Employees (5.A)26 as of Mar 26, 2024
Mar 4, 20165 then
Private funds78 as of Mar 26, 2024
Mar 4, 20161 then
RAUM -12% over the last fiscal year+7.9% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 30, 2024; 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
$138,029derivedHNW RAUM over HNW clients
Average account
$8.5MderivedRAUM 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 assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$901M, 93 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$961M100%
  • High-net-worth individuals$1.5M0.2%
  • Pension and profit-sharing plans$29,7260.0%
  • Charitable organizations$4,1700.0%
Individual clients
n/areported
HNW clients
11reported
Pension plan clients
2reported
Charitable clients
1reported
Accounts
113reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$901M for 93 clientsreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
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
      106 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P•••••••• G• I•••••••• I• L•Real Estate Fund$41.9M76Mar 30, 2020
      S••••••• G• I•••••••• Q•• I• L•Real Estate Fund$40.6M132Mar 30, 2020
      N•••••••• T• I•••••••• Q•• I• L•Real Estate Fund$35.7M138Mar 30, 2020
      F•••• T• I•••••••• Q•• I• L•Real Estate Fund$28.9M105Mar 30, 2020
      F•••••• T• I•••••••• Q•• I• L•Real Estate Fund$26.8M102Mar 30, 2020
      F•••••••• T• I•••••••• I• L•Real Estate Fund$23.5M60Mar 29, 2019
      S••••••••• I•••••••• I• L•Real Estate Fund$21.6M40Mar 28, 2018
      C•••••••• S• I•••••••• L•Real Estate Fund$17.2M165Mar 31, 2023
      F•••••••• T• I•••••••• P••••••• L•Real Estate Fund$15.6M12Mar 29, 2019
      S••••••••• C• I•••••••• I• L•Real Estate Fund$14.9M51Mar 29, 2019
      C••• O••••••• F••• I• L•Real Estate Fund$13.8M1Mar 31, 2023
      O••••• C••••• T•••• I•••••••• I• L•Real Estate Fund$13.3M20Mar 28, 2018
      W••• P••••• I•••••••• L•Real Estate Fund$11.8M32Mar 31, 2017
      S••••••••• C• I•••••••• P••••••• L•Real Estate Fund$10.9M9Mar 29, 2019
      S•• F••••••• C• I•••••••• Q•• L•Real Estate Fund$10.5M84Mar 30, 2020
      O••••• C••••• T•••• I•••••••• P••••••• L•Real Estate Fund$10.4M7Mar 28, 2018
      W•••••••• N• I•••••••• L•Real Estate Fund$9.8M103Mar 31, 2023
      F•••• T• I•••••••• Q•• I•• L•Real Estate Fund$9.7M57Mar 31, 2021
      W•••••••• N• I•••••••• P••••••• L•Real Estate Fund$8.7M20Mar 31, 2023
      A••••• C• I•••••••• L•Real Estate Fund$8.1M60Mar 31, 2023
      P••••••• T• I•••••••• P••••••• L•Real Estate Fund$8.1M20Mar 31, 2021
      S••••••••• C• I•••••••• L•Real Estate Fund$7.9M81Mar 28, 2018
      W•••••••• T• I•••••••• L•Real Estate Fund$7.7M59Mar 31, 2023
      S••••••••• I•••••••• P••••••• I• L•Real Estate Fund$7.5M6Mar 28, 2018
      N•••••••• T• I•••••••• Q•• V• L•Real Estate Fund$7.3M43Mar 31, 2023
      M••••••• C• I•••••••• P••••••• L•Real Estate Fund$7.1M19Mar 30, 2020
      A•• A•••• M• I•••••••• L•Real Estate Fund$7.0M109Mar 31, 2023
      N•••••••• T• I•••••••• Q•• I• L•Real Estate Fund$6.7M89Mar 30, 2020
      C••••••• N• I•••••••• P••••••• L•Real Estate Fund$6.6M18Mar 31, 2021
      I••••• S• I•••••••• P••••••• L•Real Estate Fund$6.4M15Mar 26, 2024
      C•••••••• S• I•••••••• P••••••• L•Real Estate Fund$6.4M14Mar 30, 2020
      N•••••••• T• I•••••••• Q•• I• L•Real Estate Fund$5.8M138Mar 30, 2020
      W••••• C•••• T• I•••••••• L•Real Estate Fund$5.8M56Mar 31, 2023
      C•••••• F• I•••••••• P••••••• L•Real Estate Fund$5.6M19Mar 30, 2020
      S••••••• C• I•••••••• P••••••• L•Real Estate Fund$5.6M22Mar 30, 2020
      U•• B••••••• I•••••••• L•no longer reportedReal Estate Fund$5.3M29Mar 31, 2017
      S••••••• G• I•••••••• Q•• L•Real Estate Fund$5.3M60Mar 30, 2020
      F••• M•••• F• I•••••••• L•Real Estate Fund$5.0M55Mar 31, 2023
      P•••• G• I•••••••• P••••••• L•Real Estate Fund$5.0M19Mar 31, 2023
      W••••• C•••• T• I•••••••• I• L•Real Estate Fund$4.9M51Mar 31, 2023
      All funds of C•• L••
      Owners and control persons
      Schedule A and B, latest filing
      • M••••• D••••••• •••• · Chief Compliance Officercontrol
        since 10/2022 · owns less than 5%
      • R••••••••• D••••• · Chief Executive Officercontrol
        since 07/2024 · owns less than 5%
      • R••••••••• D••••• · Chief Executive Officercontrol
        since 07/2024 · owns F of Q••••• P••••••• L••
      Entity owners
      • Q••••• P••••••• L•• · Member
        direct · owns 75% or more
      • Y••••••••• I••• · Shareholder
        indirect · owns 75% or more of Q••••• P••••••• L••
      Related persons
      Schedule D 7.A
      • A••••• C• G• L••
        pooled vehicle sponsorn
      • A•• A•••• M• G• L••
        pooled vehicle sponsorn
      • B•••• A• G• L••
        pooled vehicle sponsorn
      • C•••• D••••• A••••• G• L••
        pooled vehicle sponsorn
      • C•••••••• S• G• L••
        pooled vehicle sponsorn
      • C•••••• F• G• L••
        pooled vehicle sponsorn
      • C••••••• N• G• L••
        pooled vehicle sponsorn
      • C••••••• A• G• L••
        pooled vehicle sponsorn
      • C••••••••• T• G• L••
        pooled vehicle sponsorn
      • C••••••••• T• G• L••
        pooled vehicle sponsorn
      • C••••••••• G• L••
        pooled vehicle sponsorn
      • F•••••• T• G• L••
        pooled vehicle sponsorn
      • F•••• T• G• L••
        pooled vehicle sponsorn
      • F•••• T• I•••••••• Q•• I• L•
        pooled vehicle sponsorn
      • F••• M•••• F• G• L••
        pooled vehicle sponsorn
      • F•••••••• T• G• L••
        pooled vehicle sponsorn
      • G•••••• F• G• L••
        pooled vehicle sponsorn
      • H•••••• U• G• L••
        pooled vehicle sponsorn
      • H••••• G• G• L••
        pooled vehicle sponsorn
      • J•••••••• T• G• L••
        pooled vehicle sponsorn
      • K•• W••• M• G• L••
        pooled vehicle sponsorn
      • L••••••• F• G• L••
        pooled vehicle sponsorn
      • L•••••• C• G• L••
        pooled vehicle sponsorn
      • M••••••• C• G• L••
        pooled vehicle sponsorn
      • N•••••••• T• G• L••
        pooled vehicle sponsorn
      • N••••• M• G• L••
        pooled vehicle sponsorn
      • O••••• C••••• T•••• G• L••
        pooled vehicle sponsorn
      • P••••••• G• G• L••
        pooled vehicle sponsorn
      • P•••••••• G• G• L••
        pooled vehicle sponsorn
      • P•••• G• G• L••
        pooled vehicle sponsorn
      Advisers that list C•• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Chicago, IL4 employees
      What changed
      consecutive filings, newest first
      • Accounts · 121 to 113
        Mar 20, 2024 to Mar 26, 2024
      • Advisory employees · 22 to 14
        Mar 20, 2024 to Mar 26, 2024
      • BD registered reps · 23 to 6
        Mar 20, 2024 to Mar 26, 2024
      • Pooled vehicle clients · 107 to 99
        Mar 20, 2024 to Mar 26, 2024
      • Assets in custody · $1.0B to $901M
        Mar 20, 2024 to Mar 26, 2024
      • Employees · 42 to 26
        Mar 20, 2024 to Mar 26, 2024
      • Private funds · 91 to 78
        Mar 20, 2024 to Mar 26, 2024
      • Discretionary RAUM · $1.1B to $963M
        Mar 20, 2024 to Mar 26, 2024
      • HNW RAUM · $4.7M to $1.5M
        Mar 20, 2024 to Mar 26, 2024
      • Pension RAUM · $111,536 to $29,726
        Mar 20, 2024 to Mar 26, 2024
      • Pooled vehicle RAUM · $1.1B to $961M
        Mar 20, 2024 to Mar 26, 2024
      • RAUM · $1.1B to $963M
        Mar 20, 2024 to Mar 26, 2024
      • Related adviser · false to true
        Mar 31, 2023 to Mar 20, 2024
      • Accounts · 98 to 121
        Nov 3, 2022 to Mar 31, 2023
      • Advisory employees · 29 to 22
        Nov 3, 2022 to Mar 31, 2023
      • BD registered reps · 25 to 23
        Nov 3, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 84 to 107
        Nov 3, 2022 to Mar 31, 2023
      • Assets in custody · $1.0B to $1.0B
        Nov 3, 2022 to Mar 31, 2023
      • Employees · 39 to 42
        Nov 3, 2022 to Mar 31, 2023
      • Private funds · 71 to 91
        Nov 3, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.1B to $1.1B
        Nov 3, 2022 to Mar 31, 2023
      • HNW RAUM · $5.1M to $4.7M
        Nov 3, 2022 to Mar 31, 2023
      • Pension RAUM · $259,036 to $111,536
        Nov 3, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $1.1B to $1.1B
        Nov 3, 2022 to Mar 31, 2023
      • RAUM · $1.1B to $1.1B
        Nov 3, 2022 to Mar 31, 2023
      • Accounts · 119 to 98
        Aug 23, 2021 to Mar 31, 2022
      • Advisory employees · 31 to 29
        Aug 23, 2021 to Mar 31, 2022
      • BD registered reps · 26 to 25
        Aug 23, 2021 to Mar 31, 2022
      • Charity clients · unset to 1.0
        Aug 23, 2021 to Mar 31, 2022
      • HNW clients · 39 to 11
        Aug 23, 2021 to Mar 31, 2022
      • Pension plan clients · unset to 2.0
        Aug 23, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 80 to 84
        Aug 23, 2021 to Mar 31, 2022
      • Assets in custody · $730M to $1.0B
        Aug 23, 2021 to Mar 31, 2022
      • Employees · 47 to 39
        Aug 23, 2021 to Mar 31, 2022
      • Private funds · 69 to 71
        Aug 23, 2021 to Mar 31, 2022
      • Discretionary RAUM · $766M to $1.1B
        Aug 23, 2021 to Mar 31, 2022
      • HNW RAUM · $3.1M to $5.1M
        Aug 23, 2021 to Mar 31, 2022
      • Pension RAUM · unset to 259036.0
        Aug 23, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $763M to $1.1B
        Aug 23, 2021 to Mar 31, 2022
      • RAUM · $766M to $1.1B
        Aug 23, 2021 to Mar 31, 2022
      Signals
      13 dated events
      • C•• L•• no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $962.5M)
        May 2, 2025 · Left the SEC roster · derived
      • D••••• R••••••••• (Chief Executive Officer) appeared on Schedule A of C•• L••
        Jul 30, 2024 · Control person joined · fact
      • Addison Ryan Williams (Chief Executive Officer) no longer on Schedule A of C•• L•• (listed 2024-04-22, absent 2024-07-30)
        Jul 30, 2024 · Control person left · inference
      • K•••• B•••••••• (General Counsel, Chief Compliance Officer) no longer on Schedule A of C•• L•• (listed 2022-11-03, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • (Nmn) Domenic Miele (Chief Compliance Officer) appeared on Schedule A of C•• L••
        Mar 31, 2023 · Control person joined · fact
      • C•• L•• reported RAUM $1.1B, up 44% from $766.1M (2021-08-23 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • K•••• B•••••••• (General Counsel, Chief Compliance Officer) appeared on Schedule A of C•• L••
        Mar 31, 2022 · Control person joined · fact
      • A•••••••• L••••••• (Chief Legal Officer, Chief Compliance Officer) no longer on Schedule A of C•• L•• (listed 2021-03-31, absent 2021-08-23)
        Aug 23, 2021 · Control person left · inference
      • Sam M••••••• (Chief Commercial Officer) no longer on Schedule A of C•• L•• (listed 2020-03-30, absent 2020-06-30)
        Jun 30, 2020 · Control person left · inference
      • C•• L•• reported RAUM $802.7M, up 54% from $522.1M (2019-03-29 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Sam M••••••• (Chief Commercial Officer) appeared on Schedule A of C•• L••
        Mar 29, 2019 · Control person joined · fact
      • C•• L•• reported RAUM $477.6M, up 529% from $75.9M (2017-03-31 to 2018-03-28)
        Mar 28, 2018 · RAUM change · derived
      • C•• L•• filed its initial SEC registration (Form ADV)
        Nov 2, 2015 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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
      Former SEC-registered adviserderiveda 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

      C•• 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.

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