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

I•• I••••••••• P••••••• A••

Institutional managerCopenhagen, CRD 287869SEC 801-110607website IAPD

Latest filing Mar 26, 2026

First filing on the tape May 11, 2017 · 14 filings

SEC status approved since Jun 19, 2017

RAUM

$2.9B

reported, Item 5.F

Discretionary

0.0%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

21 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

14 filings and snapshots on the tape

RAUM$2.9B as of Mar 26, 2026

Mar 23, 2018$2.5B then

HNW client RAUM: no history

State-registered IARs (5.B.3)0 as of Mar 26, 2026

Mar 23, 20180 then

Employees (5.A)30 as of Mar 26, 2026

Mar 23, 201822 then

Private funds: 1

RAUM -0.8% over the last fiscal year-19% a year over threeIARs 0 to 0

Practice profile

derived from the filing of Mar 26, 2026; every figure names its basis

Archetypes, each a printed rule

Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent

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: $2.9BderivedRAUM over accounts (5.F.2.f)
Discretionary: 0.0%derivedof RAUM
Institutional: 100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: unknownderivedItem 5.A over advisors
Advisors per office: unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year: -0.8%derivedbetween the last two annual amendments
Advisor growth, one year: unknownderivedItem 5.B.3 between annual amendments
Client growth, one year: unknownderived
Compensation: hourly, fixed feesreportedItem 5.E
Advisory activities: pension consulting, selection of other advisersreportedItem 5.G
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Advisor book size: not public; not estimatedreported

Where the RAUM sits

Form ADV Item 5.D, latest filing

State and municipal entities$2.9B100%

Individual clients: n/areported
HNW clients: n/areported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 1reported
Financial planning clients: reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: fixed, hourlyreported
Class basis: private_client_share=0.0 fund_share=0.0 institutional_share=1.0 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

Every departure Every arrival

Private funds

1 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
I•• T••••••••• P••••••• I• K••no longer reported	Other Private Fund	$50.0M	4	Mar 23, 2018

Owners and control persons

Schedule A and B, latest filing

B•••••••• A•••••• D• L•••••••• · Member Of The Board Of Directorscontrol
since 01/2024 · owns less than 5%
C••••••• N••• J•• · Vice Chairman Of The Board Of Directorscontrol
since 03/2012 · owns less than 5%
L••••••••• H•••••• •••• · Chief Operating Officercontrol
since 03/2012 · owns less than 5%
M••••• J•••• E••••••• · Member Of The Board Of Directorscontrol
since 12/2023 · owns less than 5%
R••••••••• O•••• F•••••••• J••• · Chief Executive Officer And Member Of The Board Of Directorscontrol
since 03/2012 · owns less than 5%
V••••••••• S••••• •••• · Chairman Of The Board Of Directorscontrol
since 03/2012 · owns less than 5%
L••••••••• H•••••• •••• · Shareholdercontrol
since 03/2012 · owns 75% or more of H••••••••• H•••••• A••
R••••••••• O•••• F•••••••• J••• · Shareholdercontrol
since 03/2012 · owns 50% to 75% of I••••••••• W••••••• C•••••• H•••••• A••

Entity owners

I••••••••• W••••••• C•••••• H•••••• A•• · Shareholder
direct · owns 75% or more
B•• P•••••• A•••• M••••••••• H•••••• S••• · Shareholder
indirect · owns 50% to 75% of I••••••••• W••••••• C•••••• H•••••• A••
H••••••••• H•••••• A•• · Shareholder
indirect · owns 25% to 50% of I••••••••• W••••••• C•••••• H•••••• A••

Related persons

Schedule D 7.A

I•• I• G• A••
pooled vehicle sponsorn
I•• I• G• A••
pooled vehicle sponsorn
I•• E•••••••• I•• G• A••
pooled vehicle sponsorn

Offices

Schedule D 1.F, the 25 largest

Hellerup, Denmark5 employees

ADV anomalies

1 against comparable advisers; where to look, not conclusions

low discretionary shareStatic outlier · filing Mar 26, 2026
discretionary share of RAUM of 0% against a peer median of 99% (121 comparable advisers, 0.0th percentile, 33.5 robust deviations)
peers: institutional managers, $1B to $5B (121) · 0.0% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Non-discretionary RAUM · $3.0B to $2.9B
Jan 9, 2026 to Mar 26, 2026
RAUM · $3.0B to $2.9B
Jan 9, 2026 to Mar 26, 2026
Related bank · false to true
Apr 15, 2024 to Mar 28, 2025
Accounts · 10 to 1
Apr 15, 2024 to Mar 28, 2025
Advisory employees · 16 to 21
Apr 15, 2024 to Mar 28, 2025
Advisory activities · 3 to 2
Apr 15, 2024 to Mar 28, 2025
Pension plan clients · 6.0 to unset
Apr 15, 2024 to Mar 28, 2025
Pooled vehicle clients · 3.0 to unset
Apr 15, 2024 to Mar 28, 2025
Assets in custody · 199947113.0 to unset
Apr 15, 2024 to Mar 28, 2025
Custody of client assets · true to false
Apr 15, 2024 to Mar 28, 2025
Employees · 23 to 30
Apr 15, 2024 to Mar 28, 2025
Financial planning clients · unset to
Apr 15, 2024 to Mar 28, 2025
HQ state · unset to
Apr 15, 2024 to Mar 28, 2025
Discretionary RAUM · $200M to $0
Apr 15, 2024 to Mar 28, 2025
Non-discretionary RAUM · $5.4B to $3.0B
Apr 15, 2024 to Mar 28, 2025
Pension RAUM · 2444641591.0 to unset
Apr 15, 2024 to Mar 28, 2025
Pooled vehicle RAUM · 199947113.0 to unset
Apr 15, 2024 to Mar 28, 2025
RAUM · $5.6B to $3.0B
Apr 15, 2024 to Mar 28, 2025
Related adviser · false to true
Apr 15, 2024 to Mar 28, 2025
Assets in custody · $210M to $200M
Sep 22, 2023 to Mar 26, 2024
Employees · 21 to 23
Sep 22, 2023 to Mar 26, 2024
Discretionary RAUM · $210M to $200M
Sep 22, 2023 to Mar 26, 2024
Non-discretionary RAUM · $5.4B to $5.4B
Sep 22, 2023 to Mar 26, 2024
Pension RAUM · $2.6B to $2.4B
Sep 22, 2023 to Mar 26, 2024
Pooled vehicle RAUM · $210M to $200M
Sep 22, 2023 to Mar 26, 2024
RAUM · $5.6B to $5.6B
Sep 22, 2023 to Mar 26, 2024
Accounts · 8 to 10
Sep 22, 2022 to Mar 30, 2023
Pension plan clients · 4 to 6
Sep 22, 2022 to Mar 30, 2023
Pooled vehicle clients · 2 to 3
Sep 22, 2022 to Mar 30, 2023
Assets in custody · $203M to $210M
Sep 22, 2022 to Mar 30, 2023
HQ city · F•••••••SBERG C to COPENHAGEN
Sep 22, 2022 to Mar 30, 2023
Discretionary RAUM · $203M to $210M
Sep 22, 2022 to Mar 30, 2023
Non-discretionary RAUM · $5.0B to $5.4B
Sep 22, 2022 to Mar 30, 2023
Pension RAUM · $967M to $2.6B
Sep 22, 2022 to Mar 30, 2023
Pooled vehicle RAUM · $203M to $210M
Sep 22, 2022 to Mar 30, 2023
RAUM · $5.2B to $5.6B
Sep 22, 2022 to Mar 30, 2023
Assets in custody · $197M to $203M
Mar 30, 2021 to Mar 31, 2022
Discretionary RAUM · $197M to $203M
Mar 30, 2021 to Mar 31, 2022
Non-discretionary RAUM · $4.5B to $5.0B
Mar 30, 2021 to Mar 31, 2022
Pension RAUM · $1.1B to $967M
Mar 30, 2021 to Mar 31, 2022

Signals

7 dated events

I•• I••••••••• P••••••• A•• reported RAUM $3.0B, down 47% from $5.6B (2024-04-15 to 2025-03-28)
Mar 28, 2025 · RAUM change · derived
E••••••• J••• M•••• (Member Of The Board Of Directors) appeared on Schedule A of I•• I••••••••• P••••••• A••
Mar 26, 2024 · Control person joined · fact
De L•••••••• A••••• B••••••• (Member Of The Board Of Directors) appeared on Schedule A of I•• I••••••••• P••••••• A••
Mar 26, 2024 · Control person joined · fact
I•• I••••••••• P••••••• A•• reported RAUM $4.7B, up 111% from $2.2B (2019-03-27 to 2020-03-26)
Mar 26, 2020 · RAUM change · derived
Kamp Jan Justesen (Vice Chairman Of The Board Of Directors) no longer on Schedule A of I•• I••••••••• P••••••• A•• (listed 2018-03-23, absent 2019-03-27)
Mar 27, 2019 · Control person left · inference
(Nmn) Lars Wilhelm (Member Of The Board Of Directors) no longer on Schedule A of I•• I••••••••• P••••••• A•• (listed 2018-03-23, absent 2019-03-27)
Mar 27, 2019 · Control person left · inference
I•• I••••••••• P••••••• A•• filed its initial SEC registration (Form ADV)
May 11, 2017 · 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: IWC.DKreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone: +45 5381 1875reportedpublic record, Form ADV, Mar 26, 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: Institutional managerderiveda 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

I•• I••••••••• P••••••• A•• 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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