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
B••••••• R••• E••••• P•••••••• L••
Latest filing Jun 18, 2026
First filing on the tape Feb 12, 2016 · 19 filings
SEC status approved since Mar 17, 2016
RAUM
$1.3B
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
25
25 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
39
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$1.3B as of Jun 18, 2026
Mar 27, 2017$399M then
HNW client RAUM$0 as of Jun 18, 2026
Mar 29, 2018$0 then
State-registered IARs (5.B.3)0 as of Jun 18, 2026
Mar 27, 20170 then
Employees (5.A)25 as of Jun 18, 2026
Mar 27, 20178 then
Private funds39 as of Jun 18, 2026
Mar 27, 201710 then
RAUM -4.0% over the last fiscal year+0.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 18, 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
- $32.4MderivedRAUM 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
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -4.0%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
- 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)
- 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 hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$1.3B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 39reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- 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
47 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| B••• R• P•••••• L•• | Real Estate Fund | $235M | 2 | Mar 30, 2023 |
| B••••••• P••••••• F••• V• V••••••• L• | Real Estate Fund | $154M | 4 | Mar 29, 2019 |
| B••• R• P•••••• 2• L•• | Real Estate Fund | $110M | 2 | Mar 29, 2024 |
| B••••••• P••••••• F••• V• V••••••• L• | Real Estate Fund | $96.9M | 4 | Mar 31, 2021 |
| B••••••• P••••••• F••• V• L• | Real Estate Fund | $82.5M | 82 | Mar 29, 2019 |
| B••••••• F••••••• F••• V•• P••••••••• L• | Real Estate Fund | $80.6M | 3 | Mar 29, 2024 |
| B••••••• P••••••• F••• V•• L• | Real Estate Fund | $75.1M | 75 | Mar 31, 2021 |
| B••••••• F••••••• F••• V•• I•••••••• L• | Real Estate Fund | $61.6M | 69 | Mar 29, 2024 |
| B••••••• P••••••• F••• V• T•• L• | Real Estate Fund | $43.7M | 5 | Mar 30, 2020 |
| B••••••• P••••••• F••• V• P••••••••• L• | Real Estate Fund | $37.0M | 4 | Mar 31, 2021 |
| B••••••• P••••••• F••• I• V•••••• L• | Real Estate Fund | $32.9M | 5 | Feb 12, 2016 |
| B••••••• P••••••• F••• I•• V•••••• L• | Real Estate Fund | $24.5M | 4 | Feb 12, 2016 |
| B••••••• R•••• L•• | Real Estate Fund | $22.9M | 2 | Mar 31, 2022 |
| P••••••••• V• P••••• A•••••••• I••••••••• V•••••• L•• | Real Estate Fund | $20.9M | 5 | Mar 31, 2021 |
| T• V• A••••••••• I••••••••• V•••••• L••no longer reported | Real Estate Fund | $18.0M | 5 | Mar 31, 2021 |
| B••••••• P••••••• F••• I•• L• | Real Estate Fund | $13.4M | 65 | Feb 12, 2016 |
| C•••••• S•••••••• P•••••••• L•• | Real Estate Fund | $12.2M | 5 | Mar 31, 2021 |
| B••••••• P••••••• F••• I• L• | Real Estate Fund | $12.0M | 63 | Feb 12, 2016 |
| B••••••• S•••••• F••• I• L• | Real Estate Fund | $11.4M | 30 | Mar 30, 2020 |
| M••••••••• A••••••••• M••••••• L•• | Real Estate Fund | $5.7M | 4 | Mar 27, 2017 |
| E•••••••• H••••••• R•••• L•• | Real Estate Fund | $2.6M | 5 | Mar 30, 2023 |
| A•••••• S••••• H••••••• R•••• L•• | Real Estate Fund | $2.0M | 5 | Mar 30, 2023 |
| P••••••••• V• P••••• A•••••••• I••••••••• V•••••• L•• | Real Estate Fund | $284,161 | 4 | Mar 31, 2021 |
| S••••••• C••• A••••••••• L•• L•• | Real Estate Fund | $172,788 | 3 | Mar 29, 2019 |
| C•• E•••••••• L•no longer reported | Real Estate Fund | $109,975 | 17 | Mar 29, 2019 |
| B••••••• C••••••• L•• | Real Estate Fund | $0 | 2 | Mar 31, 2021 |
| B••••••• P••••••• F••• I• L• | Real Estate Fund | $0 | 1 | Feb 12, 2016 |
| B••••••• F••• V• R••• P••••••• O••••• L•• | Real Estate Fund | $0 | 3 | Mar 31, 2021 |
| B••••••• F••• I• R•••• L•• | Real Estate Fund | $0 | 1 | Mar 29, 2019 |
| B••••••• F••• V• R•••• L•• | Real Estate Fund | $0 | 1 | Mar 29, 2019 |
| B••••••• F••• V• R••• L•• | Real Estate Fund | $0 | 1 | Mar 31, 2021 |
| B••••••• P••••••• F••• I•• J•• L•• | Real Estate Fund | $0 | 2 | Mar 27, 2017 |
| B••••••• P••••••• F••• I• S•••••• L• | Real Estate Fund | $0 | 1 | Feb 12, 2016 |
| B••••••• F••••••• F••• V•• R••• L•• | Real Estate Fund | $0 | 126 | Mar 29, 2024 |
| B••••••• P••••••• F••• I• L• | Real Estate Fund | $0 | 1 | Feb 12, 2016 |
| B••••••• F••• I• R••• P••••••• O••••• L•• | Real Estate Fund | $0 | 2 | Mar 30, 2020 |
| B••••••• P••••••• F••• V• T• R•••• L•• | Real Estate Fund | $0 | 1 | Mar 30, 2023 |
| B••••••• P••••••• F••• V• J•• L•• | Real Estate Fund | $0 | 2 | Mar 29, 2019 |
| B••••••• C•••••• V• L•• | Real Estate Fund | $0 | 2 | Mar 31, 2021 |
| B••••••• S•••••• L•• | Real Estate Fund | $0 | 2 | Mar 31, 2021 |
Owners and control persons
Schedule A and B, latest filing
- O•••••• P•••• T••••• · Founder And Managing Partnercontrolsince 08/2006 · owns less than 5%
- P•••••••• J••• · Chief Investment Officercontrolsince 03/2022 · owns less than 5%
- S•••••••• V••••••• · Chief Financial Officercontrolsince 04/2022 · owns less than 5%
- W•••••• S•••••••• A••• · Chief Compliance Officercontrolsince 12/2020 · owns less than 5%
- O•••••• P•••• T••••• · Trusteecontrolsince 05/2004 · owns F of O••••••••• 2••• F••••• T••••
- P••••••• M••••••• S• · Trusteecontrolsince 05/2004 · owns F of O••••••••• 2••• F••••• T••••
Entity owners
- O••••••••• 2••• F••••• T•••• · O••••direct · owns 75% or more
Related persons
Schedule D 7.A
- B••••••• F••••••• F••• G• L••pooled vehicle sponsorn
- B••••••• S•••••• F••• I• G•• L•••pooled vehicle sponsorn
- B••• F•••• L••pooled vehicle sponsorn
- B••• F••• L••pooled vehicle sponsorn
- B••• O•• L••pooled vehicle sponsorn
- B••• R• P•••••• M•••••• L••pooled vehicle sponsorn
- B••• S•• L••pooled vehicle sponsorn
- B••• T•••• L••pooled vehicle sponsorn
- B••• T•• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- New York, NY8 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- many private funds relative to firm sizeStatic outlier · filing Jun 18, 2026private funds per $1B of RAUM of 30.8 against a peer median of 4.3 (953 comparable advisers, 99.0th percentile, 8.5 robust deviations)peers: ASSET_M••••••, $1B to $5B (953) · 99% percentile
What changed
consecutive filings, newest first
- Advisory employees · 22 to 25Mar 31, 2025 to Mar 31, 2026
- Employees · 22 to 25Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.3B to $1.3BMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $1.3B to $1.3BMar 31, 2025 to Mar 31, 2026
- RAUM · $1.3B to $1.3BMar 31, 2025 to Mar 31, 2026
- Advisory employees · 20 to 22Mar 29, 2024 to Mar 31, 2025
- Financial planning clients · unset to Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $1.1B to $1.3BMar 29, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $1.1B to $1.3BMar 29, 2024 to Mar 31, 2025
- RAUM · $1.1B to $1.3BMar 29, 2024 to Mar 31, 2025
- Employees · 20 to 22Jun 29, 2023 to Mar 29, 2024
- Other offices · 2 to 1Jun 29, 2023 to Mar 29, 2024
- Discretionary RAUM · $1.2B to $1.1BJun 29, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $1.2B to $1.1BJun 29, 2023 to Mar 29, 2024
- RAUM · $1.2B to $1.1BJun 29, 2023 to Mar 29, 2024
- Accounts · 35 to 39May 19, 2022 to Mar 30, 2023
- Advisory employees · 18 to 20May 19, 2022 to Mar 30, 2023
- Pooled vehicle clients · 35 to 39May 19, 2022 to Mar 30, 2023
- Employees · 18 to 20May 19, 2022 to Mar 30, 2023
- Other offices · 1 to 2May 19, 2022 to Mar 30, 2023
- Private funds · 35 to 39May 19, 2022 to Mar 30, 2023
- Discretionary RAUM · $872M to $1.2BMay 19, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $872M to $1.2BMay 19, 2022 to Mar 30, 2023
- RAUM · $872M to $1.2BMay 19, 2022 to Mar 30, 2023
- Accounts · 33 to 35Oct 27, 2021 to Mar 31, 2022
- Advisory employees · 15 to 18Oct 27, 2021 to Mar 31, 2022
- Pooled vehicle clients · 33 to 35Oct 27, 2021 to Mar 31, 2022
- Employees · 15 to 18Oct 27, 2021 to Mar 31, 2022
- Other offices · 2 to 1Oct 27, 2021 to Mar 31, 2022
- Discretionary RAUM · $968M to $872MOct 27, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $968M to $872MOct 27, 2021 to Mar 31, 2022
- RAUM · $968M to $872MOct 27, 2021 to Mar 31, 2022
- Accounts · 21 to 33Jan 4, 2021 to Mar 31, 2021
- Advisory employees · 13 to 15Jan 4, 2021 to Mar 31, 2021
- Pooled vehicle clients · 21 to 33Jan 4, 2021 to Mar 31, 2021
- Employees · 13 to 15Jan 4, 2021 to Mar 31, 2021
- Other offices · 3 to 2Jan 4, 2021 to Mar 31, 2021
- Private funds · 21 to 35Jan 4, 2021 to Mar 31, 2021
- Discretionary RAUM · $656M to $968MJan 4, 2021 to Mar 31, 2021
- Pooled vehicle RAUM · $656M to $968MJan 4, 2021 to Mar 31, 2021
Signals
12 dated events
- Perry Michael Pence (Chief Operating Officer) no longer on Schedule A of B••••••• R••• E••••• P•••••••• L•• (listed 2023-03-30, absent 2023-06-29)Jun 29, 2023 · Control person left · inference
- B••••••• R••• E••••• P•••••••• L•• reported RAUM $1.2B, up 43% from $872.1M (2022-05-19 to 2023-03-30)Mar 30, 2023 · RAUM change · derived
- Vladimir Shlafman (Chief Financial Officer) appeared on Schedule A of B••••••• R••• E••••• P•••••••• L••May 19, 2022 · Control person joined · fact
- Josh Plattner (Chief Investment Officer) appeared on Schedule A of B••••••• R••• E••••• P•••••••• L••Mar 31, 2022 · Control person joined · fact
- Joseph Anthony Verdon (Chief Financial Officer) no longer on Schedule A of B••••••• R••• E••••• P•••••••• L•• (listed 2021-03-31, absent 2021-10-27)Oct 27, 2021 · Control person left · inference
- B••••••• R••• E••••• P•••••••• L•• reported RAUM $968.4M, up 48% from $656.3M (2021-01-04 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- A••• S••••••• W••••• (Chief Compliance Officer) appeared on Schedule A of B••••••• R••• E••••• P•••••••• L••Jan 4, 2021 · Control person joined · fact
- Aaron Louis Harrison (Partner) no longer on Schedule A of B••••••• R••• E••••• P•••••••• L•• (listed 2020-03-30, absent 2021-01-04)Jan 4, 2021 · Control person left · inference
- Perry Michael Pence (Chief Operating Officer) appeared on Schedule A of B••••••• R••• E••••• P•••••••• L••Mar 30, 2020 · Control person joined · fact
- B••••••• R••• E••••• P•••••••• L•• reported RAUM $616.8M, up 72% from $357.8M (2018-12-03 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
- Aaron Louis Harrison (Chief Operating Officer) appeared on Schedule A of B••••••• R••• E••••• P•••••••• L••Mar 29, 2019 · Control person joined · fact
- B••••••• R••• E••••• P•••••••• L•• filed its initial SEC registration (Form ADV)Feb 12, 2016 · 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.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/belveronreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 415-273-6800reportedpublic record, Form ADV, Jun 18, 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
B••••••• R••• E••••• P•••••••• 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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