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

A•••• P•••••••• L•

Asset manager (funds and pooled vehicles)Charlotte, North CarolinaCRD 284477SEC 801-108166websiteIAPD
Latest filing Apr 28, 2026
First filing on the tape Jul 18, 2016 · 26 filings
SEC status approved since Jul 22, 2016
RAUM
$8.4B
reported, Item 5.F
Discretionary
94%
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
125
61 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
9
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$8.4B as of Apr 28, 2026
Mar 30, 2017$694M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 28, 2026
Mar 30, 20170 then
Employees (5.A)125 as of Apr 28, 2026
Mar 30, 201721 then
Private funds9 as of Apr 28, 2026
Mar 30, 20171 then
RAUM +19% over the last fiscal year+6.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 28, 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
$928MderivedRAUM over accounts (5.F.2.f)
Discretionary
94%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived7 offices incl. principal (1.F.5)
RAUM growth, one year
+19%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
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$8.4B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
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=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
      7 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A•••• P••••••• F••• I••• L•Real Estate Fund$1.9B34Mar 31, 2022
      A•••• P••••••• S••••• F•••• L•Real Estate Fund$1.8B2Nov 20, 2017
      A•••• P••••••• F••• I•• L•Real Estate Fund$1.7B20Sep 21, 2018
      A•••• P••••••• F••• I• L•Real Estate Fund$1.3B21Jul 18, 2016
      A• N•••••• S•••••• L•Real Estate Fund$190M2Mar 31, 2019
      K•••• C••••••• L•Real Estate Fund$135M22•••-03-31
      P•••••• C•••••• I•••••••• L•no longer reportedReal Estate Fund$022•••-03-31
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• R••••••• S••• · Partnercontrol
        since 01/2022 · owns less than 5%
      • B••••• T••••• S••••• · Managing Partnercontrol
        since 05/2016 · owns less than 5%
      • K••••••• M•••• A••• · General Counsel & Chief Compliance Officercontrol
        since 03/2••• · owns less than 5%
      • K•••••• R•••• A•••••••• · Partnercontrol
        since 01/2022 · owns less than 5%
      • N•••••••• S•••••• C•••••••• · Chief Financial Officercontrol
        since 03/2023 · owns less than 5%
      • P•••••• W••••••• M••••• · Partnercontrol
        since 01/2022 · owns less than 5%
      • B••••• T••••• S••••• · Managing Partnercontrol
        since 02/2016 · owns 25% to 50% of A•••• P••••••• G•• L••
      • T•••••••• J••••• K•••• · Managing Partnercontrol
        since 02/2016 · owns 25% to 50% of A•••• P••••••• G•• L••
      • B••••• L•••• C• · Trustee Of T•• 2••• B•••• F••••• T••••
        since 11/2••• · owns less than 5%
      • J•••• L••••• E•••••••• · Trustee Of T•• S••••• E• J••• 2••• F••••• T••••
        since 09/2••• · owns less than 5%
      • J•••• S•••••• E•••• · Trustee Of T•• L•••• E• J••• 2••• I••••••••• T••••
        since 09/2••• · owns less than 5%
      • T•••••••• J••••• K•••• · Trustee Of The K•• I••••••••• T•••• 2•••
        since 09/2••• · owns less than 5%
      • T•••••••• K••••••• L•• · Trustee Of The J•• I••••••••• T•••• 2•••
        since 09/2••• · owns less than 5%
      Entity owners
      • A•••• P••••••• G•• L•• · General Partner
        direct · owns less than 5%
      • J•• I••••••••• T•••• 2••• · Limited Partner
        direct · owns 10% to 25%
      • K•• I••••••••• T•••• 2••• · Limited Partner
        direct · owns 5% to 10%
      • T•• 2••• B•••• F••••• T•••• · Limited Partner
        direct · owns 10% to 25%
      • T•• L•••• E• J••• 2••• I••••••••• T•••• · Limited Partner
        direct · owns 5% to 10%
      • T•• L••• C• B•••• I••••••••• T•••• · Limited Partner
        direct · owns 5% to 10%
      • T•• S••••• E• J••• 2••• F••••• T•••• · Limited Partner
        direct · owns 5% to 10%
      Related persons
      Schedule D 7.A
      • A• N•••••• S••••• G•• L••
        pooled vehicle sponsory
      • A•••• P••••••• F••• I• G•• L••
        pooled vehicle sponsory
      • A•••• P••••••• F••• I• G•• L••
        pooled vehicle sponsory
      • A•••• P••••••• F••• I•• G•• L••
        pooled vehicle sponsory
      • A•••• P••••••• S••••• F••• G•• L••
        pooled vehicle sponsory
      • K•••• C•••••• G•• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      • Columbia, SC16 employees
      • Atlanta, GA7 employees
      • Denver, CO4 employees
      • Los Angeles, CA4 employees
      What changed
      consecutive filings, newest first
      • Accounts · 7 to 9
        Mar 31, 2025 to Mar 30, 2026
      • Advisory employees · 59 to 61
        Mar 31, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 7 to 9
        Mar 31, 2025 to Mar 30, 2026
      • Custody of client assets · false to true
        Mar 31, 2025 to Mar 30, 2026
      • Employees · 121 to 125
        Mar 31, 2025 to Mar 30, 2026
      • Private funds · 7 to 9
        Mar 31, 2025 to Mar 30, 2026
      • Discretionary RAUM · $6.8B to $7.8B
        Mar 31, 2025 to Mar 30, 2026
      • Non-discretionary RAUM · $228M to $522M
        Mar 31, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $7.0B to $8.4B
        Mar 31, 2025 to Mar 30, 2026
      • RAUM · $7.0B to $8.4B
        Mar 31, 2025 to Mar 30, 2026
      • Accounts · 6 to 7
        Dec 6, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 6 to 7
        Dec 6, 2024 to Mar 31, 2025
      • Employees · 117 to 121
        Dec 6, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Dec 6, 2024 to Mar 31, 2025
      • Other offices · 4 to 6
        Dec 6, 2024 to Mar 31, 2025
      • Private funds · 6 to 7
        Dec 6, 2024 to Mar 31, 2025
      • Discretionary RAUM · $6.8B to $6.8B
        Dec 6, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $324M to $228M
        Dec 6, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $7.1B to $7.0B
        Dec 6, 2024 to Mar 31, 2025
      • RAUM · $7.1B to $7.0B
        Dec 6, 2024 to Mar 31, 2025
      • Accounts · 7 to 6
        Mar 31, 2023 to Mar 28, 2024
      • Advisory employees · 58 to 59
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 7 to 6
        Mar 31, 2023 to Mar 28, 2024
      • Assets in custody · unset to 0.0
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 105 to 117
        Mar 31, 2023 to Mar 28, 2024
      • Private funds · 7 to 6
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $6.6B to $6.8B
        Mar 31, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $297M to $324M
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $6.9B to $7.1B
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $6.9B to $7.1B
        Mar 31, 2023 to Mar 28, 2024
      • Advisory employees · 45 to 58
        Mar 31, 2022 to Mar 31, 2023
      • Assets in custody · 0.0 to unset
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 92 to 105
        Mar 31, 2022 to Mar 31, 2023
      • Other offices · 3 to 4
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $6.0B to $6.6B
        Mar 31, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $282M to $297M
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $6.3B to $6.9B
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $6.3B to $6.9B
        Mar 31, 2022 to Mar 31, 2023
      • Accounts · 6 to 7
        2•••-03-31 to Mar 31, 2022
      • Advisory employees · 37 to 45
        2•••-03-31 to Mar 31, 2022
      Signals
      9 dated events
      • Robert Brian Purcell (Partner) no longer on Schedule A of A•••• P•••••••• L• (listed 2024-10-29, absent 2024-12-06)
        Dec 6, 2024 · Control person left · inference
      • Christian Stefan Neudorff (Chief Financial Officer) appeared on Schedule A of A•••• P•••••••• L•
        Mar 31, 2023 · Control person joined · fact
      • A•••• P•••••••• L• reported RAUM $6.3B, up 76% from $3.6B (2•••-03-31 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • John Micah Holton (Chief Financial Officer & Chief Compliance Officer) no longer on Schedule A of A•••• P•••••••• L• (listed 2•••-03-30, absent 2•••-03-31)
        2•••-03-31 · Control person left · inference
      • Anne Miki Kamijyo (General Counsel & Chief Compliance Officer) appeared on Schedule A of A•••• P•••••••• L•
        2•••-03-31 · Control person joined · fact
      • A•••• P•••••••• L• reported RAUM $3.6B, up 43% from $2.5B (2019-03-31 to 2•••-03-30)
        2•••-03-30 · RAUM change · derived
      • A•••• P•••••••• L• reported RAUM $2.5B, up 53% from $1.7B (2018-09-21 to 2019-03-31)
        Mar 31, 2019 · RAUM change · derived
      • A•••• P•••••••• L• reported RAUM $1.7B, up 38% from $1.2B (2018-08-08 to 2018-09-21)
        Sep 21, 2018 · RAUM change · derived
      • A•••• P•••••••• L• filed its initial SEC registration (Form ADV)
        Jul 18, 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
      A••••PARTNERS.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      704-423-1660reportedpublic record, Form ADV, Apr 28, 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

      A•••• 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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