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

P•••••••• C•••••• L•

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 285022SEC 801-112665websiteIAPD
Latest filing Mar 28, 2026
First filing on the tape Feb 18, 2018 · 15 filings
SEC status approved since Mar 30, 2018
RAUM
$2.9B
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
36
14 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
14
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$2.9B as of Mar 28, 2026
Mar 31, 2019$592M then
HNW client RAUM$0 as of Mar 28, 2026
Mar 31, 2019$0 then
State-registered IARs (5.B.3)0 as of Mar 28, 2026
Mar 31, 20190 then
Employees (5.A)36 as of Mar 28, 2026
Mar 31, 201919 then
Private funds14 as of Mar 28, 2026
Mar 31, 20195 then
RAUM -48% over the last fiscal year+3.6% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 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
$153MderivedRAUM 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
-48%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
  • 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$2.9B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
19reported
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
      18 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P•••••••• M••••• F••• I• L•Hedge Fund$1.7B428Mar 31, 2019
      P•••••••• V••••••• I• L•Private Equity Fund$881M169Mar 31, 2021
      P•••••••• F••• I• L•no longer reportedHedge Fund$879M287Jun 1, 2017
      P•••••••• V••••••• L•Private Equity Fund$793M107Feb 18, 2018
      P•••••••• V••••••• I•• L•Private Equity Fund$433M206Mar 31, 2022
      P•••••••• V••••••• I• ••••••••• L•Private Equity Fund$380M47Mar 31, 2021
      P•••••••• V••••••• I•• ••••••••• L•Private Equity Fund$233M56Mar 31, 2022
      P•••••••• P••••••• F••• I• L•Hedge Fund$160M22Mar 30, 2020
      P•••••••• O••••••••• F••• I• • S••••• C•no longer reportedPrivate Equity Fund$64.6M3Mar 31, 2019
      D•••••• E•••••••• F••• L•Private Equity Fund$55.2M9Mar 31, 2019
      P•••••••• O••••••••• F••• I• L•• • S••••• C•••Private Equity Fund$40.2M46Mar 31, 2022
      C••• E•••••••• F••• L•Private Equity Fund$37.5M2Mar 31, 2021
      P••••••• E•••••••• F••• L•Private Equity Fund$27.3M2Mar 30, 2020
      P•••••••• O••••••••• F••• I• L•• • S••••• C••• I•Private Equity Fund$13.0M22Mar 30, 2023
      P•••••••• M••••• F••• I• L•no longer reportedHedge Fund$5.4M2Mar 31, 2019
      T•• M••• P••••••• L•Hedge Fund$288,78611Mar 30, 2020
      P•••••••• V••••••• I• L•Private Equity Fund$044Mar 28, 2024
      P•••••••• V••••••• I• ••••••••• L•Private Equity Fund$09Mar 28, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • C••••••••• M•••••• O••• · Limited Partner, Chief Investment Officercontrol
        since 08/2016 · owns 50% to 75%
      • N•••••• M•••••••• R••• · Chief Financial Officercontrol
        since 12/2022 · owns less than 5%
      • P•••••• M••••••• C••••••• · Chief Operating Officercontrol
        since 03/2018 · owns less than 5%
      • S•••••• R•••• G••••• · Chief Compliance Officer, Chief Legal Officer.control
        since 07/2018 · owns less than 5%
      • C••••••••• M•••••• O••• · Managing Membercontrol
        since 10/2017 · owns 75% or more of P•••••••• M••• L••
      • Z•••••• R•••• J••• · Limited Partner
        since 12/2016 · owns 5% to 10%
      Entity owners
      • P•••••••• M••• L•• · General Partner
        direct · owns less than 5%
      • P•••••• V•••••• F••• I• L• · Limited Partner
        direct · owns 5% to 10%
      • U•• 2•••• L• · Limited Partner
        direct · owns 5% to 10%
      Related persons
      Schedule D 7.A
      • P•••••••• B••••• P••••••• L••
        pooled vehicle sponsorn
      • P•••••••• C••• P••••••• L••
        pooled vehicle sponsorn
      • P•••••••• O••••••••• P••••••• L••
        pooled vehicle sponsorn
      • P•••••••• P••••••• L••
        pooled vehicle sponsorn
      • P•••••••• P••••••• P••••••• L••
        pooled vehicle sponsorn
      • P•••••••• V•••••• P••••••• I• L••
        pooled vehicle sponsorn
      • P•••••••• V•••••• P••••••• I•• L••
        pooled vehicle sponsorn
      • P•••••••• V•••••• P••••••• I• L••
        pooled vehicle sponsorn
      • P•••••••• V•••••• P••••••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 28, 2026
        RAUM (Item 5.F) moved from $5,598,543,862 to $2,901,320,856 (-48.0%) between the annual amendments of 2025-03-27 and 2026-03-28; the peer median change was +11.0% (1368 comparable advisers, 1.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,368) · 1.4% percentile
      What changed
      consecutive filings, newest first
      • Advisory employees · 10 to 14
        Mar 27, 2025 to Mar 28, 2026
      • Assets in custody · $1.4B to $1.3B
        Mar 27, 2025 to Mar 28, 2026
      • Employees · 31 to 36
        Mar 27, 2025 to Mar 28, 2026
      • Private funds · 15 to 14
        Mar 27, 2025 to Mar 28, 2026
      • Discretionary RAUM · $5.6B to $2.9B
        Mar 27, 2025 to Mar 28, 2026
      • Pooled vehicle RAUM · $5.6B to $2.9B
        Mar 27, 2025 to Mar 28, 2026
      • RAUM · $5.6B to $2.9B
        Mar 27, 2025 to Mar 28, 2026
      • Advisory employees · 9 to 10
        Mar 28, 2024 to Mar 27, 2025
      • Assets in custody · $1.7B to $1.4B
        Mar 28, 2024 to Mar 27, 2025
      • Employees · 32 to 31
        Mar 28, 2024 to Mar 27, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 27, 2025
      • Discretionary RAUM · $5.0B to $5.6B
        Mar 28, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $5.0B to $5.6B
        Mar 28, 2024 to Mar 27, 2025
      • RAUM · $5.0B to $5.6B
        Mar 28, 2024 to Mar 27, 2025
      • Accounts · 17 to 19
        May 19, 2023 to Mar 28, 2024
      • Advisory employees · 12 to 9
        May 19, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 17 to 19
        May 19, 2023 to Mar 28, 2024
      • Assets in custody · $299M to $1.7B
        May 19, 2023 to Mar 28, 2024
      • Employees · 41 to 32
        May 19, 2023 to Mar 28, 2024
      • Private funds · 13 to 15
        May 19, 2023 to Mar 28, 2024
      • Discretionary RAUM · $2.6B to $5.0B
        May 19, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $2.6B to $5.0B
        May 19, 2023 to Mar 28, 2024
      • RAUM · $2.6B to $5.0B
        May 19, 2023 to Mar 28, 2024
      • Accounts · 16 to 17
        Mar 31, 2022 to Mar 30, 2023
      • Advisory employees · 15 to 12
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 16 to 17
        Mar 31, 2022 to Mar 30, 2023
      • Assets in custody · $2.2B to $299M
        Mar 31, 2022 to Mar 30, 2023
      • Employees · 45 to 41
        Mar 31, 2022 to Mar 30, 2023
      • Private funds · 12 to 13
        Mar 31, 2022 to Mar 30, 2023
      • Discretionary RAUM · $6.6B to $2.6B
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $6.6B to $2.6B
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $6.6B to $2.6B
        Mar 31, 2022 to Mar 30, 2023
      • Accounts · 15 to 16
        Jun 21, 2021 to Mar 31, 2022
      • Advisory employees · 10 to 15
        Jun 21, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 15 to 16
        Jun 21, 2021 to Mar 31, 2022
      • Assets in custody · $790M to $2.2B
        Jun 21, 2021 to Mar 31, 2022
      • Employees · 38 to 45
        Jun 21, 2021 to Mar 31, 2022
      • Private funds · 10 to 12
        Jun 21, 2021 to Mar 31, 2022
      • Discretionary RAUM · $2.0B to $6.6B
        Jun 21, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $2.0B to $6.6B
        Jun 21, 2021 to Mar 31, 2022
      Signals
      10 dated events
      • P•••••••• C•••••• L• reported RAUM $2.9B, down 48% from $5.6B (2025-03-27 to 2026-03-28)
        Mar 28, 2026 · RAUM change · derived
      • P•••••••• C•••••• L• reported RAUM $5.0B, up 93% from $2.6B (2023-05-19 to 2024-03-28)
        Mar 28, 2024 · RAUM change · derived
      • P•••••••• C•••••• L• reported RAUM $2.6B, down 61% from $6.6B (2022-03-31 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • Rand Mitchell Nedved (Chief Financial Officer) appeared on Schedule A of P•••••••• C•••••• L•
        Mar 30, 2023 · Control person joined · fact
      • P•••••••• C•••••• L• reported RAUM $6.6B, up 231% from $2.0B (2021-06-21 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • P•••••••• C•••••• L• reported RAUM $2.1B, up 181% from $744.2M (2020-11-03 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Deangelis Joseph Eagan (President) no longer on Schedule A of P•••••••• C•••••• L• (listed 2020-11-03, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • P•••••••• C•••••• L• reported RAUM $744.2M, up 26% from $591.5M (2019-05-31 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • P•••••••• C•••••• L• reported RAUM $591.5M, down 39% from $967.9M (2018-08-11 to 2019-03-31)
        Mar 31, 2019 · RAUM change · derived
      • P•••••••• C•••••• L•• filed its initial SEC registration (Form ADV)
        Feb 18, 2018 · First SEC registration · 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/polychain-capitalreportedpublic record, Form ADV, Sep 18, 2026
      Website
      polychain.capitalreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-613-5108reportedpublic record, Form ADV, Mar 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