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

H•• C••••••• L••

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 285982SEC 801-130802websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Jun 27, 2024 · 4 filings
SEC status approved since Nov 1, 2024
RAUM
$252M
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
7
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
50
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$252M as of Mar 30, 2026
Mar 28, 2025$193M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 28, 20250 then
Employees (5.A)7 as of Mar 30, 2026
Mar 28, 20256 then
Private funds50 as of Mar 30, 2026
Mar 28, 202546 then
RAUM +31% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
$4.8MderivedRAUM 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
+31%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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$252M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
52reported
Financial planning clients
0reported
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
      59 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      C•••••• S•••••• H•••••• B• L•Private Equity Fund$18.0M73Mar 31, 2023
      H•• R••••••• S••••• L•••• L•Private Equity Fund$17.6M21Oct 14, 2024
      L• U•••• I•• B• L•Private Equity Fund$15.4M61Mar 29, 2024
      U•• E••• S•••••• H•••••• M•••• L•Private Equity Fund$14.4M18Mar 29, 2024
      L• U•••• I• B• L•Private Equity Fund$12.6M65Mar 29, 2024
      R•••••• S•••••• H•••••• B• L•Private Equity Fund$11.2M54Mar 4, 2021
      H•• C• M••••••••• I• B• L•Private Equity Fund$11.0M38Jan 27, 2020
      U• E•••••• S•••••• H•••••• B• L•Private Equity Fund$10.1M59Mar 31, 2023
      L• U•••• I• B• L•no longer reportedPrivate Equity Fund$8.9M46Mar 31, 2023
      C•• F•••••••• S•••••• H•••••• B• L•Private Equity Fund$7.2M35Jan 27, 2020
      H•• U• A•••••••• S•••••• H•••••• B• L•Private Equity Fund$7.2M48Jan 27, 2020
      S•• S•••• S•••••• H•••••• B• L•no longer reportedPrivate Equity Fund$7.2M46Jan 27, 2020
      W• H•• M••••••••• H•••••• B• L•Private Equity Fund$6.9M49Mar 4, 2021
      L• U•••• I•• A• L•Private Equity Fund$5.4M15Mar 29, 2024
      C•••••• S•••••• H•••••• C• L•Private Equity Fund$4.6M17Mar 31, 2023
      L• U•••• I•• C• L•Private Equity Fund$4.3M16Mar 29, 2024
      T•• D••••• M••••••••• B• L•Private Equity Fund$4.1M57Jan 27, 2020
      U• E•••••• S•••••• H•••••• A• L•Private Equity Fund$3.8M11Mar 31, 2023
      L• U•••• I• B• L•Private Equity Fund$3.6M24Mar 29, 2024
      L• U•••• I• A• L•Private Equity Fund$3.5M11Mar 29, 2024
      C•••••• S•••••• H•••••• A• L•Private Equity Fund$3.4M10Mar 31, 2023
      L• U•••• I• A• L•no longer reportedPrivate Equity Fund$3.2M10Mar 31, 2023
      L• U•••• I• C• L•Private Equity Fund$2.9M14Mar 29, 2024
      R•••••• S•••••• H•••••• A• L•Private Equity Fund$2.9M6Mar 4, 2021
      L• U•••• I• C• L•no longer reportedPrivate Equity Fund$2.9M16Mar 31, 2023
      U• E•••••• S•••••• H•••••• C• L•Private Equity Fund$2.7M13Mar 31, 2023
      C•• F•••••••• S•••••• H•••••• A• L•Private Equity Fund$2.6M8Jan 27, 2020
      W• H•• M••••••••• H•••••• A• L•Private Equity Fund$2.4M10Mar 4, 2021
      U• S•••••• H•••••• C• L•Private Equity Fund$2.3M14Mar 4, 2021
      L• U•••• I• A• L•Private Equity Fund$2.2M5Mar 29, 2024
      C•• F•••••••• S•••••• H•••••• C• L•Private Equity Fund$2.2M11Jan 27, 2020
      H•• W••• G••• D••••••••• B• L•no longer reportedPrivate Equity Fund$1.8M34Jan 27, 2020
      C•• M•••••• R••• E••••• B• L•Private Equity Fund$1.5M43Jan 27, 2020
      S•• S•••• S•••••• H•••••• C• L•no longer reportedPrivate Equity Fund$1.3M9Jan 27, 2020
      L• U•••• I• C• L•Private Equity Fund$1.2M2Mar 29, 2024
      U• S•••••• H•••••• B• L•Private Equity Fund$1.1M11Mar 4, 2021
      H•• U• A•••••••• S•••••• H•••••• C• L•Private Equity Fund$1.1M7Jan 27, 2020
      H•• C• M••••••••• I• A• L•Private Equity Fund$934,3323Jan 27, 2020
      W• H•• M••••••••• H•••••• C• L•Private Equity Fund$900,0009Mar 4, 2021
      H•• U• A•••••••• S•••••• H•••••• A• L•Private Equity Fund$854,9497Jan 27, 2020
      All funds of H•• C••••••• L••
      Owners and control persons
      Schedule A and B, latest filing
      • C•••••• D••••••• S••••• · Managing Director / Chief Compliance Officercontrol
        since 07/2016 · owns less than 5%
      • C••••••• J••••• C•••••••• · Managing Directorcontrol
        since 07/2016 · owns less than 5%
      • H••••••• G••••••• A••••• · Managing Directorcontrol
        since 07/2016 · owns less than 5%
      • H••• T•••• R•• J•• · Managing Directorcontrol
        since 07/2016 · owns less than 5%
      • H•• X•••••• · Class A Member
        since 07/2016 · owns 25% to 50%
      • S••••• C••• · Class A Member
        since 07/2016 · owns 5% to 10%
      • W•••• G•••••• · Class A Member
        since 07/2016 · owns 50% to 75%
      Related persons
      Schedule D 7.A
      • C•• M•••••• R••• E••••• A• G•• L••
        pooled vehicle sponsory
      • C•• M•••••• R••• E••••• B• G•• L••
        pooled vehicle sponsory
      • C•• M•••••• R••• E••••• C• G•• L••
        pooled vehicle sponsory
      • C•••••• S•••••• H•••••• A• G•• L••
        pooled vehicle sponsory
      • C•••••• S•••••• H•••••• B• G•• L••
        pooled vehicle sponsory
      • C•••••• S•••••• H•••••• C• G•• L••
        pooled vehicle sponsory
      • C•• F•••••••• S•••••• H•••••• A• G•• L••
        pooled vehicle sponsory
      • C•• F•••••••• S•••••• H•••••• B• G•• L••
        pooled vehicle sponsory
      • C•• F•••••••• S•••••• H•••••• C• G•• L••
        pooled vehicle sponsory
      • H•• C••••••• O••• S••••• L••••• A• G•• L••
        pooled vehicle sponsory
      • H•• C••••••• O••• S••••• L••••• B• G•• L••
        pooled vehicle sponsory
      • H•• C• M••••••••• G•• L••
        pooled vehicle sponsory
      • H•• C• M••••••••• I• A• G•• L••
        pooled vehicle sponsory
      • H•• C• M••••••••• I• B• G•• L•••
        pooled vehicle sponsory
      • H•• C• M••••••••• I• C• G•• L••
        pooled vehicle sponsory
      • H•• N•••••••• S••••• L••••• A• G•• L••
        pooled vehicle sponsory
      • H•• N•••••••• S••••• L••••• B• G•• L••
        pooled vehicle sponsory
      • H•• P••••••• L••
        y
      • H•• R••••••• S••••• L••• G•• L••
        pooled vehicle sponsory
      • H•• U• A•••••••• S•••••• H•••••• A• G•• L••
        pooled vehicle sponsory
      • H•• U• A•••••••• S•••••• H•••••• B• G•• L••
        pooled vehicle sponsory
      • H•• U• A•••••••• S•••••• H•••••• C• G•• L••
        pooled vehicle sponsory
      • H•• W••• G••• D••••••••• A• G•• L••
        pooled vehicle sponsory
      • H•• W••• G••• D••••••••• B• G•• L••
        pooled vehicle sponsory
      • L• U•••• I• A• G•• L••
        pooled vehicle sponsory
      • L• U•••• I• B• G•• L••
        pooled vehicle sponsory
      • L• U•••• I• C• G•• L••
        pooled vehicle sponsory
      • L• U•••• I•• A• G•• L••
        pooled vehicle sponsory
      • L• U•••• I•• B• G•• L••
        pooled vehicle sponsory
      • L• U•••• I•• C• G•• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • many private funds relative to firm sizeStatic outlier · filing Mar 30, 2026
        private funds per $1B of RAUM of 198.7 against a peer median of 20.7 (712 comparable advisers, 99.0th percentile, 13.6 robust deviations)
        peers: asset managers, $100M to $500M (712) · 99% percentile
      • large related person networkStatic outlier · filing Mar 30, 2026
        related persons on Schedule D 7.A of 50.0 against a peer median of 5.0 (488 comparable advisers, 99.0th percentile, 15.2 robust deviations)
        peers: asset managers, $100M to $500M (488) · 99% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 46 to 52
        Mar 28, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 46 to 52
        Mar 28, 2025 to Mar 30, 2026
      • Employees · 6 to 7
        Mar 28, 2025 to Mar 30, 2026
      • Financial planning clients · to 0
        Mar 28, 2025 to Mar 30, 2026
      • Private funds · 46 to 50
        Mar 28, 2025 to Mar 30, 2026
      • Discretionary RAUM · $193M to $252M
        Mar 28, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $193M to $252M
        Mar 28, 2025 to Mar 30, 2026
      • RAUM · $193M to $252M
        Mar 28, 2025 to Mar 30, 2026
      • Accounts · 45 to 46
        Oct 14, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 45 to 46
        Oct 14, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Oct 14, 2024 to Mar 28, 2025
      • Private funds · 45 to 46
        Oct 14, 2024 to Mar 28, 2025
      • Discretionary RAUM · $195M to $193M
        Oct 14, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $195M to $193M
        Oct 14, 2024 to Mar 28, 2025
      • RAUM · $195M to $193M
        Oct 14, 2024 to Mar 28, 2025
      • Accounts · 44 to 45
        Jun 27, 2024 to Oct 14, 2024
      • Pooled vehicle clients · 44 to 45
        Jun 27, 2024 to Oct 14, 2024
      • Private funds · 88 to 45
        Jun 27, 2024 to Oct 14, 2024
      • Discretionary RAUM · $178M to $195M
        Jun 27, 2024 to Oct 14, 2024
      • Pooled vehicle RAUM · $178M to $195M
        Jun 27, 2024 to Oct 14, 2024
      • RAUM · $178M to $195M
        Jun 27, 2024 to Oct 14, 2024
      Signals
      1 dated events
      • H•• C••••••• L•• filed its initial SEC registration (Form ADV)
        Jun 27, 2024 · 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/hc2-capital-llc/aboutreportedpublic record, Form ADV, Sep 18, 2026
      Website
      w••.h•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      214-217-7808reportedpublic record, Form ADV, Mar 30, 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