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
S•••••• B••••••••• L••
Latest filing Jun 26, 2026
First filing on the tape Jun 28, 2018 · 12 filings
SEC status approved since Jul 27, 2018
RAUM
$2.2B
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
31
22 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$2.2B as of Jun 26, 2026
Mar 30, 2019$405M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 26, 2026
Mar 30, 20190 then
Employees (5.A)31 as of Jun 26, 2026
Mar 30, 20198 then
Private funds3 as of Jun 26, 2026
Mar 30, 20191 then
RAUM +17% over the last fiscal year+17% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 26, 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
- $723MderivedRAUM 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
- +17%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
- $2.2B, 3 clientsreportedItem 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
- 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 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$2.2B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 3reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $2.2B for 3 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
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S•••••• B••••••••• L••• | Venture Capital Fund | $1.6B | 154 | Mar 20, 2017 |
| S••• B•• L••• | Venture Capital Fund | $121M | 1 | Mar 31, 2023 |
| 5•• S•• I• L••• | Venture Capital Fund | $11,295 | 8 | Mar 30, 2020 |
Owners and control persons
Schedule A and B, latest filing
- A•••••••• S••••••• · Manager Of S•••••• B••••••••• L••controlsince 09/2016 · owns 75% or more
- D••••• M••••••• P••••• · Partnercontrolsince 02/2017 · owns less than 5%
- A••••• M••••• N•••••••• · Chief Financial Officersince 01/2023 · owns less than 5%
- H••••••• A••••• A•••• · General Counsel And Chief Compliance Officersince 01/2023 · owns less than 5%
Related persons
Schedule D 7.A
- 5•• S•• G• I• L••pooled vehicle sponsorn
- S•••••• B••••••••• G•• L••pooled vehicle sponsorn
- S••• B• G•• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 16 to 22Mar 31, 2025 to Mar 31, 2026
- Assets in custody · $1.9B to $2.2BMar 31, 2025 to Mar 31, 2026
- Employees · 25 to 31Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.9B to $2.2BMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $1.9B to $2.2BMar 31, 2025 to Mar 31, 2026
- RAUM · $1.9B to $2.2BMar 31, 2025 to Mar 31, 2026
- Assets in custody · $1.6B to $1.9BMar 31, 2024 to Mar 31, 2025
- Employees · 26 to 25Mar 31, 2024 to Mar 31, 2025
- Financial planning clients · unset to Mar 31, 2024 to Mar 31, 2025
- HQ city · unset to Mar 31, 2024 to Mar 31, 2025
- HQ state · unset to Mar 31, 2024 to Mar 31, 2025
- Discretionary RAUM · $1.6B to $1.9BMar 31, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $1.6B to $1.9BMar 31, 2024 to Mar 31, 2025
- RAUM · $1.6B to $1.9BMar 31, 2024 to Mar 31, 2025
- Advisory employees · 22 to 16Apr 26, 2023 to Mar 31, 2024
- Assets in custody · $1.4B to $1.6BApr 26, 2023 to Mar 31, 2024
- Employees · 30 to 26Apr 26, 2023 to Mar 31, 2024
- Discretionary RAUM · $1.4B to $1.6BApr 26, 2023 to Mar 31, 2024
- Pooled vehicle RAUM · $1.4B to $1.6BApr 26, 2023 to Mar 31, 2024
- RAUM · $1.4B to $1.6BApr 26, 2023 to Mar 31, 2024
- Accounts · 2 to 3Apr 1, 2022 to Mar 31, 2023
- Advisory employees · 18 to 22Apr 1, 2022 to Mar 31, 2023
- Pooled vehicle clients · 2 to 3Apr 1, 2022 to Mar 31, 2023
- Assets in custody · $1.1B to $1.4BApr 1, 2022 to Mar 31, 2023
- Employees · 22 to 30Apr 1, 2022 to Mar 31, 2023
- Private funds · 2 to 3Apr 1, 2022 to Mar 31, 2023
- Discretionary RAUM · $1.1B to $1.4BApr 1, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $1.1B to $1.4BApr 1, 2022 to Mar 31, 2023
- RAUM · $1.1B to $1.4BApr 1, 2022 to Mar 31, 2023
- Advisory employees · 16 to 18Dec 3, 2021 to Apr 1, 2022
- Assets in custody · $972M to $1.1BDec 3, 2021 to Apr 1, 2022
- Employees · 19 to 22Dec 3, 2021 to Apr 1, 2022
- Discretionary RAUM · $972M to $1.1BDec 3, 2021 to Apr 1, 2022
- Pooled vehicle RAUM · $972M to $1.1BDec 3, 2021 to Apr 1, 2022
- RAUM · $972M to $1.1BDec 3, 2021 to Apr 1, 2022
- Advisory employees · 5 to 16Mar 30, 2020 to Mar 31, 2021
- Assets in custody · $441M to $972MMar 30, 2020 to Mar 31, 2021
- Employees · 7 to 19Mar 30, 2020 to Mar 31, 2021
- Discretionary RAUM · $441M to $972MMar 30, 2020 to Mar 31, 2021
- Pooled vehicle RAUM · $441M to $972MMar 30, 2020 to Mar 31, 2021
Signals
3 dated events
- D. Richard Van Doren (Cfo And Cco) no longer on Schedule A of S•••••• B••••••••• L•• (listed 2022-04-01, absent 2023-03-31)Mar 31, 2023 · Control person left · inference
- S•••••• B••••••••• L•• reported RAUM $972.5M, up 121% from $440.7M (2020-03-30 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- S•••••• B••••••••• L•• filed its initial SEC registration (Form ADV)Jun 28, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- S•••••• B••••••••• L•• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- S••••••CAP.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 650-285-4270reportedpublic record, Form ADV, Jun 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
- 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