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

F•• P••••••• M••••••••• L•

Asset manager (funds and pooled vehicles)Houston, TexasCRD 282788SEC 801-110001websiteIAPD
Latest filing Apr 29, 2026
First filing on the tape Feb 9, 2017 · 28 filings
SEC status approved since Feb 21, 2017
RAUM
$2.0B
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
8
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
14
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$2.0B as of Apr 29, 2026
Mar 30, 2018$1.2B then
HNW client RAUM$0 as of Apr 29, 2026
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Apr 29, 2026
Mar 30, 20180 then
Employees (5.A)8 as of Apr 29, 2026
Mar 30, 201810 then
Private funds14 as of Apr 29, 2026
Mar 30, 20181 then
RAUM +8.5% over the last fiscal year+5.3% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 29, 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
$98.3MderivedRAUM 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
+8.5%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, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, otherreportedItem 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
  • 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)
  • 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$2.0B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
20reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, 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
      8 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••• C••••• N•• · Managing Partnercontrol
        since 07/2021 · owns less than 5%
      • P•••••••• G•••••• D••••• · Chief Compliance Officercontrol
        since 10/2019 · owns less than 5%
      • A•••••• C••••• N•• · Sole Membercontrol
        since 10/2024 · owns 75% or more of F•• H•••••• L••
      Entity owners
      • F•• H•••••• L•• · Managing Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • E•• W• G• L••
        pooled vehicle sponsory
      • F•• G•• L••
        n
      • F•• I• G•• L•
        pooled vehicle sponsorn
      • F•••• I••••••••• C•••••• G•• L•••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • , 2 employees
      What changed
      consecutive filings, newest first
      • Private funds · 13 to 14
        Mar 31, 2026 to Apr 29, 2026
      • Accounts · 17 to 20
        Jul 31, 2025 to Mar 31, 2026
      • Advisory employees · 4 to 7
        Jul 31, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 17 to 20
        Jul 31, 2025 to Mar 31, 2026
      • Employees · 5 to 8
        Jul 31, 2025 to Mar 31, 2026
      • Private funds · 11 to 13
        Jul 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $1.8B to $2.0B
        Jul 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $1.8B to $2.0B
        Jul 31, 2025 to Mar 31, 2026
      • RAUM · $1.8B to $2.0B
        Jul 31, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Jun 30, 2025 to Jul 31, 2025
      • Business name · F•••• I••••••••• C•••••• A•••••••• L•• to F•• P••••••• M••••••••• L•
        Mar 27, 2025 to Jun 30, 2025
      • Legal name · F•••• I••••••••• C•••••• A•••••••• L•• to F•• P••••••• M••••••••• L•
        Mar 27, 2025 to Jun 30, 2025
      • Organization form · Limited Liability Company to Limited Partnership
        Mar 27, 2025 to Jun 30, 2025
      • Accounts · 14 to 17
        Oct 18, 2024 to Mar 27, 2025
      • Pooled vehicle clients · 14 to 17
        Oct 18, 2024 to Mar 27, 2025
      • Private funds · 9 to 11
        Oct 18, 2024 to Mar 27, 2025
      • Discretionary RAUM · $1.3B to $1.8B
        Oct 18, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $1.3B to $1.8B
        Oct 18, 2024 to Mar 27, 2025
      • RAUM · $1.3B to $1.8B
        Oct 18, 2024 to Mar 27, 2025
      • Accounts · 7 to 14
        Mar 25, 2024 to Oct 18, 2024
      • Advisory employees · 2 to 4
        Mar 25, 2024 to Oct 18, 2024
      • Corporate clients · 1 to 0
        Mar 25, 2024 to Oct 18, 2024
      • Pooled vehicle clients · 6 to 14
        Mar 25, 2024 to Oct 18, 2024
      • Employees · 3 to 5
        Mar 25, 2024 to Oct 18, 2024
      • Other offices · 0 to 1
        Mar 25, 2024 to Oct 18, 2024
      • Private funds · 6 to 9
        Mar 25, 2024 to Oct 18, 2024
      • Discretionary RAUM · $1.4B to $1.3B
        Mar 25, 2024 to Oct 18, 2024
      • Non-discretionary RAUM · $102M to $0
        Mar 25, 2024 to Oct 18, 2024
      • Pooled vehicle RAUM · $1.4B to $1.3B
        Mar 25, 2024 to Oct 18, 2024
      • RAUM · $1.5B to $1.3B
        Mar 25, 2024 to Oct 18, 2024
      • Related adviser · false to true
        Mar 25, 2024 to Oct 18, 2024
      • Discretionary RAUM · $1.6B to $1.4B
        Nov 13, 2023 to Mar 25, 2024
      • Non-discretionary RAUM · $107M to $102M
        Nov 13, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $1.6B to $1.4B
        Nov 13, 2023 to Mar 25, 2024
      • RAUM · $1.7B to $1.5B
        Nov 13, 2023 to Mar 25, 2024
      • Accounts · 3 to 7
        Aug 29, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 2 to 6
        Aug 29, 2022 to Mar 30, 2023
      • Private funds · 2 to 6
        Aug 29, 2022 to Mar 30, 2023
      • Discretionary RAUM · $463M to $1.6B
        Aug 29, 2022 to Mar 30, 2023
      • Non-discretionary RAUM · $7.8M to $107M
        Aug 29, 2022 to Mar 30, 2023
      Signals
      14 dated events
      • F•• P••••••• M••••••••• L• reported RAUM $1.8B, up 37% from $1.3B (2024-10-18 to 2025-03-27)
        Mar 27, 2025 · RAUM change · derived
      • F•• P••••••• M••••••••• L• reported RAUM $1.7B, up 258% from $470.5M (2022-08-29 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • Allen Corey Schneider (Chief Financial Officer) no longer on Schedule A of F•• P••••••• M••••••••• L• (listed 2022-03-28, absent 2022-05-26)
        May 26, 2022 · Control person left · inference
      • Raul Daniel Castagnola (Managing Partner) no longer on Schedule A of F•• P••••••• M••••••••• L• (listed 2021-03-12, absent 2021-10-08)
        Oct 8, 2021 · Control person left · inference
      • Cyrus Aghili (Managing Partner) appeared on Schedule A of F•• P••••••• M••••••••• L•
        Oct 8, 2021 · Control person joined · fact
      • F•• P••••••• M••••••••• L• reported RAUM $374.4M, down 68% from $1.2B (2020-12-21 to 2021-03-12)
        Mar 12, 2021 · RAUM change · derived
      • Allen Corey Schneider (Chief Financial Officer) appeared on Schedule A of F•• P••••••• M••••••••• L•
        Dec 21, 2020 · Control person joined · fact
      • David Brett Buchanan (Chief Financial Officer) no longer on Schedule A of F•• P••••••• M••••••••• L• (listed 2020-05-06, absent 2020-10-27)
        Oct 27, 2020 · Control person left · inference
      • Francis Gardner Boulmay (Partner) no longer on Schedule A of F•• P••••••• M••••••••• L• (listed 2020-03-09, absent 2020-05-05)
        May 5, 2020 · Control person left · inference
      • Arne Bengt Jarlsjo (Partner) no longer on Schedule A of F•• P••••••• M••••••••• L• (listed 2019-03-18, absent 2019-10-10)
        Oct 10, 2019 · Control person left · inference
      • Joseph Daniel Shapiro (Managing Partner, Chief Compliance Officer) no longer on Schedule A of F•• P••••••• M••••••••• L• (listed 2019-03-18, absent 2019-10-10)
        Oct 10, 2019 · Control person left · inference
      • Raul Daniel Castagnola (Managing Partner) appeared on Schedule A of F•• P••••••• M••••••••• L•
        Oct 10, 2019 · Control person joined · fact
      • Damian Gordon Polozola (Executive Vice President, General Counsel) appeared on Schedule A of F•• P••••••• M••••••••• L•
        Mar 18, 2019 · Control person joined · fact
      • F•••• I••••••••• C•••••• A•••••••• L•• filed its initial SEC registration (Form ADV)
        Feb 9, 2017 · ria f•••• adv filing · 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/first-infrastructure-capital-advisors-lreportedpublic record, Form ADV, Sep 18, 2026
      Firm profile
      linkedin.com/company/ficfundreportedpublic record, Form ADV, Sep 18, 2026
      Website
      ficfund.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      713.337.7980reportedpublic record, Form ADV, Apr 29, 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