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.
Former SEC-registered adviser
Elmtree Funds, LLC
Latest filing Nov 13, 2025
First filing on the tape May 2, 2019 · 12 filings
SEC status approved since May 31, 2019
RAUM
$7.2B
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
34
18 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
15
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$7.2B as of Nov 13, 2025
Mar 30, 2020$1.7B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Nov 13, 2025
Mar 30, 20200 then
Employees (5.A)34 as of Nov 13, 2025
Mar 30, 202019 then
Private funds15 as of Nov 13, 2025
Mar 30, 20206 then
RAUM +1.1% over the last fiscal year+11% a year over threeIARs 0 to 0offices 5 to 3
Practice profile
derived from the filing of Nov 13, 2025; 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
- $452MderivedRAUM 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
- unknownderived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +1.1%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
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$7.2B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 16reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $0 for 0 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- absent from the latest SEC rosterderived
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
21 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Etcl Venture LP | Real Estate Fund | $907M | 3 | May 2, 2019 |
| Etgp Amz I Venture, LP | Real Estate Fund | $726M | 2 | Mar 31, 2021 |
| Etgp Amz 2 Venture, LP | Real Estate Fund | $717M | 2 | Mar 31, 2021 |
| Etgp Amz 4 Venture, LP | Real Estate Fund | $700M | 2 | Mar 30, 2022 |
| Etgp Amz 3 Venture, LP | Real Estate Fund | $633M | 2 | Mar 30, 2022 |
| Etgp Rosales Venture, LP | Real Estate Fund | $510M | 2 | Mar 30, 2020 |
| Etgp Ulmus Venture, LP | Real Estate Fund | $480M | 2 | Mar 30, 2020 |
| Elmtree U.S. Net Lease Fund V-A, LP | Real Estate Fund | $398M | 61 | Mar 29, 2024 |
| Etgp Birch Venture, LP | Real Estate Fund | $372M | 2 | Mar 29, 2024 |
| Etgp Aspen Venture, LP | Real Estate Fund | $348M | 2 | Mar 29, 2024 |
| Etgp Pine Venture, LP | Real Estate Fund | $334M | 2 | Mar 29, 2024 |
| Etgp Samara Venture, LP | Real Estate Fund | $318M | 2 | Mar 29, 2024 |
| Etgp Spruce Venture, LP | Real Estate Fund | $317M | 2 | Mar 29, 2024 |
| Elmtree U.S. Net Lease Fund III, L.P.no longer reported | Real Estate Fund | $180M | 21 | May 2, 2019 |
| Elmtree U.S. Net Lease Fund IV, LP | Real Estate Fund | $163M | 51 | Mar 31, 2021 |
| Elmtree Unity Debt Fund, LP | Other Private Fund | $90.0M | 2 | May 2, 2019 |
| Elmtree U.S. Net Lease Fund IV - A, LP | Real Estate Fund | $82.3M | 40 | Mar 31, 2021 |
| Elmtree U.S. Net Lease Fund V-B, LP | Real Estate Fund | $42.8M | 4 | Mar 29, 2024 |
| Elmtree U.S. Net Lease Fund IV - B, LP | Real Estate Fund | $19.3M | 33 | Mar 30, 2022 |
| Et Sre Kehe, LPno longer reported | Real Estate Fund | $11.8M | 2 | Mar 30, 2020 |
| Et Sre Ferrera Pc, LPno longer reported | Real Estate Fund | $11.4M | 2 | Mar 30, 2020 |
Owners and control persons
Schedule A and B, latest filing
- Marie Kerry Gawyrch · Partner, Chief Financial Officercontrolsince 10/2018 · owns less than 5%
- Gregory James Koman · Ceo & Foundercontrolsince 06/2011 · owns less than 5%
- Hall David Leavitt · Partner, Gc, Cco & Head Of Strategycontrolsince 04/2019 · owns less than 5%
- Gregory James Koman · Trusteecontrolsince 06/2011 · owns 75% or more of Missouri Opportunity Irrevocable Trust
Entity owners
- Missouri Opportunity Irrevocable Trust · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- Elmtree Fund IV Gp, LLCpooled vehicle sponsorn
- Elmtree Fund V Gp, LLCpooled vehicle sponsorn
- Elmtree Unity Debt Fund Gp, LLCpooled vehicle sponsorn
- Et Gug Gp, LLCpooled vehicle sponsorn
- Et Gug II Gp, LLCpooled vehicle sponsorn
- Et Gug IV Gp, LLCpooled vehicle sponsorn
- Etcl Venture Gp LLCpooled vehicle sponsorn
- Etgug Amzn Gp I, LLCpooled vehicle sponsorn
- Etgug Industrial Gp, LLCpooled vehicle sponsorn
- The Leavitt Firm, LLCn
Offices
Schedule D 1.F, the 25 largest
- Chicago, IL3 employees
- New York, NY2 employees
- Austin, TX1 employees
- Newport Beach, CA1 employees
- Scottsdale, AZ1 employees
What changed
consecutive filings, newest first
- Accounts · 18 to 16Mar 29, 2024 to Mar 28, 2025
- Advisory employees · 21 to 18Mar 29, 2024 to Mar 28, 2025
- BD registered reps · 3 to 2Mar 29, 2024 to Mar 28, 2025
- Pooled vehicle clients · 18 to 16Mar 29, 2024 to Mar 28, 2025
- Custody of client assets · false to trueMar 29, 2024 to Mar 28, 2025
- Employees · 35 to 34Mar 29, 2024 to Mar 28, 2025
- Financial planning clients · unset to Mar 29, 2024 to Mar 28, 2025
- Other offices · 5 to 3Mar 29, 2024 to Mar 28, 2025
- Private funds · 18 to 15Mar 29, 2024 to Mar 28, 2025
- Discretionary RAUM · $7.2B to $7.2BMar 29, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $7.2B to $7.2BMar 29, 2024 to Mar 28, 2025
- RAUM · $7.2B to $7.2BMar 29, 2024 to Mar 28, 2025
- Accounts · 11 to 18Jun 7, 2023 to Mar 29, 2024
- Advisory employees · 18 to 21Jun 7, 2023 to Mar 29, 2024
- BD registered reps · 0 to 3Jun 7, 2023 to Mar 29, 2024
- Pooled vehicle clients · 11 to 18Jun 7, 2023 to Mar 29, 2024
- Employees · 32 to 35Jun 7, 2023 to Mar 29, 2024
- Private funds · 11 to 18Jun 7, 2023 to Mar 29, 2024
- Discretionary RAUM · $6.6B to $7.2BJun 7, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $6.6B to $7.2BJun 7, 2023 to Mar 29, 2024
- RAUM · $6.6B to $7.2BJun 7, 2023 to Mar 29, 2024
- Advisory employees · 16 to 18Nov 22, 2022 to Mar 30, 2023
- Custody of client assets · true to falseNov 22, 2022 to Mar 30, 2023
- Employees · 26 to 32Nov 22, 2022 to Mar 30, 2023
- Discretionary RAUM · $5.3B to $6.6BNov 22, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $5.3B to $6.6BNov 22, 2022 to Mar 30, 2023
- RAUM · $5.3B to $6.6BNov 22, 2022 to Mar 30, 2023
- Accounts · 10 to 11Mar 31, 2021 to Mar 30, 2022
- Advisory employees · 14 to 16Mar 31, 2021 to Mar 30, 2022
- Pooled vehicle clients · 10 to 11Mar 31, 2021 to Mar 30, 2022
- Employees · 23 to 26Mar 31, 2021 to Mar 30, 2022
- Private funds · 10 to 11Mar 31, 2021 to Mar 30, 2022
- Discretionary RAUM · $2.5B to $5.3BMar 31, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $2.5B to $5.3BMar 31, 2021 to Mar 30, 2022
- RAUM · $2.5B to $5.3BMar 31, 2021 to Mar 30, 2022
- Accounts · 6 to 10Mar 30, 2020 to Mar 31, 2021
- Advisory employees · 13 to 14Mar 30, 2020 to Mar 31, 2021
- Advisory activities · 2 to 1Mar 30, 2020 to Mar 31, 2021
- Pooled vehicle clients · 6 to 10Mar 30, 2020 to Mar 31, 2021
- Employees · 19 to 23Mar 30, 2020 to Mar 31, 2021
Signals
8 dated events
- Elmtree Funds, Llc no longer on the SEC adviser roster (last listed 2025-12-20, RAUM $7.2B)Jan 2, 2026 · Left the SEC roster · derived
- Elmtree Funds, Llc reported succeeding to the business of Elmtree Funds, Llc (Form ADV Item 4)Oct 2, 2025 · Succession (Item 4) · fact
- Cheong-Fai Joeseph Yiu (Managing Partner, Head Of Acquisitions) no longer on Schedule A of Elmtree Funds, Llc (listed 2022-03-30, absent 2022-11-22)Nov 22, 2022 · Control person left · inference
- Elmtree Funds, Llc reported RAUM $5.3B, up 109% from $2.5B (2021-03-31 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- Elmtree Funds, Llc reported RAUM $2.5B, up 48% from $1.7B (2020-03-30 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Elmtree Funds, Llc reported RAUM $1.7B, up 2186% from $75.0M (2020-01-30 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- Richard David Piasecki (Svp, Acquisitions) no longer on Schedule A of Elmtree Funds, Llc (listed 2020-01-30, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- Elmtree Funds, Llc filed its initial SEC registration (Form ADV)May 2, 2019 · 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.
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
- Former SEC-registered adviserderiveda 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
Elmtree Funds, LLC 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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