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

S••• E••••• P•••••••• L•

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 283613SEC 801-108610websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Oct 28, 2016 · 20 filings
SEC status approved since Nov 8, 2016
RAUM
$1.9B
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
15
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$1.9B as of Mar 27, 2026
Mar 10, 2017$353M then
HNW client RAUM$0 as of Mar 27, 2026
Mar 16, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 10, 20170 then
Employees (5.A)15 as of Mar 27, 2026
Mar 10, 20179 then
Private funds2 as of Mar 27, 2026
Mar 10, 20171 then
RAUM -9.1% over the last fiscal year-8.1% a year over threeIARs 0 to 0offices 1 to 0
Practice profile
derived from the filing of Mar 27, 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
$487MderivedRAUM 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
-9.1%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
yesreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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 hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.9B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S••• P•••••••• L•Hedge Fund$2.0B407Oct 28, 2016
      S••• L••• O••••••••• L•Hedge Fund$418M41Feb 28, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••••• J•••••••• K•••• · Chief Operating Officercontrol
        since 11/2022 · owns less than 5%
      • L•••• J••••••• L••• · Chief Compliance Officer/Vp Operationscontrol
        since 07/2022 · owns less than 5%
      • L•••••••• J••••• D•••• · Chief Financial Officercontrol
        since 11/2022 · owns less than 5%
      • S••••• G••• N•• · Chief Investment Officercontrol
        since 03/2016 · owns less than 5%
      • S••••• D•••••••• E•••• · Trusteecontrol
        since 06/2012 · owns F of 2••• G•• A•• D••••••• S•••• F••••• T••••
      • S••••• G••• N•• · Managing Membercontrol
        since 03/2016 · owns F of S••• E••••• H•••••••• L••
      • S••••• G••• N•• · Trusteecontrol
        since 06/2012 · owns F of 2••• G•• A•• D••••••• S•••• F••••• T••••
      Entity owners
      • S••• E••••• H•••••••• L•• · General Partner
        direct · owns less than 5%
      • 2••• G•• A•• D••••••• S•••• F••••• T•••• · Owner
        indirect · owns 75% or more of S••• Equity Holdings LLC
      • 2••• G•• A•• D••••••• S•••• F••••• T•••• · Limited Partner
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • S••• E••••• L••• O••••••••• L••
        bankpooled vehicle sponsorn
      • S••• E••••• P•••••••• L••
        bankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Stamford, CT1 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 5 to 4
        Mar 27, 2025 to Mar 27, 2026
      • Other offices · 1 to 0
        Mar 27, 2025 to Mar 27, 2026
      • Discretionary RAUM · $2.1B to $1.9B
        Mar 27, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $2.1B to $1.9B
        Mar 27, 2025 to Mar 27, 2026
      • RAUM · $2.1B to $1.9B
        Mar 27, 2025 to Mar 27, 2026
      • Advisory employees · 6 to 5
        Mar 27, 2024 to Mar 27, 2025
      • Financial planning clients · unset to
        Mar 27, 2024 to Mar 27, 2025
      • Discretionary RAUM · $2.4B to $2.1B
        Mar 27, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $2.4B to $2.1B
        Mar 27, 2024 to Mar 27, 2025
      • RAUM · $2.4B to $2.1B
        Mar 27, 2024 to Mar 27, 2025
      • Accounts · 2 to 4
        Feb 28, 2024 to Mar 27, 2024
      • Advisory employees · 5 to 6
        Feb 28, 2024 to Mar 27, 2024
      • Pooled vehicle clients · 2 to 4
        Feb 28, 2024 to Mar 27, 2024
      • Employees · 13 to 15
        Feb 28, 2024 to Mar 27, 2024
      • Discretionary RAUM · $2.5B to $2.4B
        Feb 28, 2024 to Mar 27, 2024
      • Pooled vehicle RAUM · $2.5B to $2.4B
        Feb 28, 2024 to Mar 27, 2024
      • RAUM · $2.5B to $2.4B
        Feb 28, 2024 to Mar 27, 2024
      • Private funds · 1 to 2
        Mar 28, 2023 to Feb 28, 2024
      • Discretionary RAUM · $4.0B to $2.5B
        Nov 22, 2022 to Mar 27, 2023
      • Pooled vehicle RAUM · $4.0B to $2.5B
        Nov 22, 2022 to Mar 27, 2023
      • RAUM · $4.0B to $2.5B
        Nov 22, 2022 to Mar 27, 2023
      • Employees · 12 to 13
        Mar 25, 2021 to Mar 31, 2022
      • Discretionary RAUM · $4.5B to $4.0B
        Mar 25, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $4.5B to $4.0B
        Mar 25, 2021 to Mar 31, 2022
      • RAUM · $4.5B to $4.0B
        Mar 25, 2021 to Mar 31, 2022
      • Advisory employees · 4 to 5
        Mar 26, 2020 to Mar 25, 2021
      • Assets in custody · $2.6B to $0
        Mar 26, 2020 to Mar 25, 2021
      • Employees · 10 to 12
        Mar 26, 2020 to Mar 25, 2021
      • Discretionary RAUM · $2.6B to $4.5B
        Mar 26, 2020 to Mar 25, 2021
      • Pooled vehicle RAUM · $2.6B to $4.5B
        Mar 26, 2020 to Mar 25, 2021
      • RAUM · $2.6B to $4.5B
        Mar 26, 2020 to Mar 25, 2021
      • Assets in custody · $1.3B to $2.6B
        Mar 22, 2019 to Mar 26, 2020
      • Financial planning clients · 0 to unset
        Mar 22, 2019 to Mar 26, 2020
      • Discretionary RAUM · $1.3B to $2.6B
        Mar 22, 2019 to Mar 26, 2020
      • Pooled vehicle RAUM · $1.3B to $2.6B
        Mar 22, 2019 to Mar 26, 2020
      • RAUM · $1.3B to $2.6B
        Mar 22, 2019 to Mar 26, 2020
      • Assets in custody · $874M to $1.3B
        Dec 7, 2018 to Mar 22, 2019
      • Employees · 9 to 10
        Dec 7, 2018 to Mar 22, 2019
      • Discretionary RAUM · $887M to $1.3B
        Dec 7, 2018 to Mar 22, 2019
      • Pooled vehicle RAUM · $887M to $1.3B
        Dec 7, 2018 to Mar 22, 2019
      Signals
      11 dated events
      • S••• E••••• P•••••••• L• reported RAUM $2.5B, down 37% from $4.0B (2022-11-22 to 2023-03-27)
        Mar 27, 2023 · RAUM change · derived
      • David James Lindberg (Chief Financial Officer) appeared on Schedule A of S••• E••••• P•••••••• L•
        Nov 22, 2022 · Control person joined · fact
      • Keith Jeremiah Atkisson (Chief Operating Officer) appeared on Schedule A of S••• E••••• P•••••••• L•
        Nov 22, 2022 · Control person joined · fact
      • Pei Cindy Yang (Chief Financial Officer/Chief Operating Officer) no longer on Schedule A of S••• E••••• P•••••••• L• (listed 2022-07-12, absent 2022-11-22)
        Nov 22, 2022 · Control person left · inference
      • Elise Danielle Simon (Trustee) appeared on Schedule A of S••• E••••• P•••••••• L•
        Jul 12, 2022 · Control person joined · fact
      • Jessica Lane (Chief Compliance Officer/Vp Operations) appeared on Schedule A of S••• E••••• P•••••••• L•
        Jul 1, 2022 · Control person joined · fact
      • S••• E••••• P•••••••• L• reported RAUM $4.5B, up 78% from $2.6B (2020-03-26 to 2021-03-25)
        Mar 25, 2021 · RAUM change · derived
      • S••• E••••• P•••••••• L• reported RAUM $2.6B, up 94% from $1.3B (2019-03-22 to 2020-03-26)
        Mar 26, 2020 · RAUM change · derived
      • S••• E••••• P•••••••• L• reported RAUM $1.3B, up 48% from $887.2M (2018-12-07 to 2019-03-22)
        Mar 22, 2019 · RAUM change · derived
      • S••• E••••• P•••••••• L• reported RAUM $887.2M, up 125% from $393.9M (2017-03-28 to 2018-03-16)
        Mar 16, 2018 · RAUM change · derived
      • S••• E••••• P•••••••• L• filed its initial SEC registration (Form ADV)
        Oct 28, 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
      Website
      S•••EQUITY.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      415-318-8960reportedpublic record, Form ADV, Mar 27, 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