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

G• S•••••• E••••• M••••••••• L•

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 289285SEC 801-112429websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Jan 11, 2018 · 16 filings
SEC status approved since Feb 8, 2018
RAUM
$6.6B
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
42
38 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
16
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$6.6B as of Mar 30, 2026
Mar 30, 2019$382M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 30, 20190 then
Employees (5.A)42 as of Mar 30, 2026
Mar 30, 20198 then
Private funds16 as of Mar 30, 2026
Mar 30, 201952 then
RAUM +74% over the last fiscal year+35% a year over threeIARs 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
$412MderivedRAUM 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
+74%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
otherreportedItem 5.G
Custody
$6.6B, 16 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)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$6.6B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
16reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$6.6B for 16 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
      132 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      G• S•••••• V• S•••Private Equity Fund$816M405Mar 31, 2022
      G• S•••••• V• L•Private Equity Fund$564M528Apr 2, 2021
      G• S•••••• O••••••••• F••• V• L••Private Equity Fund$389M382Mar 31, 2022
      G• S•••••• V•• L•Private Equity Fund$274M363Mar 31, 2023
      G• S•••••• V•• S•••Private Equity Fund$262M172Mar 31, 2023
      G• S•••••• I•• S•••Private Equity Fund$201M139Mar 31, 2022
      G• S•••••• I•• L•Private Equity Fund$180M85Jan 11, 2018
      G• S•••••• O••••••••• F••• V• L••Private Equity Fund$169M312Mar 29, 2024
      G• S•••••• O••••••••• F••• I• L••Private Equity Fund$124M332Mar 31, 2022
      G• S•••••• O••••••••• I•••Private Equity Fund$112M36Mar 31, 2023
      G• S•••••• S•••••• S••••••••• F••• L••Private Equity Fund$81.9M20Mar 31, 2022
      G• S•••••• O••••••••• F••• I• L••• S••••• S••no longer reportedPrivate Equity Fund$55.4M1Mar 31, 2020
      G• S•••••• O••••••••• F••• I• L••• S••••• P••no longer reportedPrivate Equity Fund$42.2M2Mar 31, 2020
      G• S•••••• O••••••••• F••• I• L••• S••••• P••no longer reportedPrivate Equity Fund$40.8M61Apr 2, 2021
      G• S•••••• O••••••••• F••• I• L••• S••••• B•••no longer reportedPrivate Equity Fund$40.7M1Mar 31, 2020
      G• S•••••• O••••••••• F••• I• L••• S••••• P••no longer reportedPrivate Equity Fund$33.9M1Mar 30, 2019
      G• S•••••• O••••••••• F••• I• L••• S••••• D••no longer reportedPrivate Equity Fund$33.8M1Jun 8, 2018
      G• S•••••• O••••••••• F••• I• L••• S••••• B•••no longer reportedPrivate Equity Fund$31.9M1Mar 31, 2020
      G• S•••••• O••••••••• F••• I• L••• S••••• I••no longer reportedPrivate Equity Fund$31.3M1Mar 30, 2019
      G• S•••••• O••••••••• F••• I• L••• S••••• B•••no longer reportedPrivate Equity Fund$29.7M49Mar 31, 2020
      G• S•••••• O••••••••• F••• I• L••• S••••• P••no longer reportedPrivate Equity Fund$24.1M33Mar 30, 2019
      G• S•••••• S•••••• S••••••••• F••• L••• S••••• A••no longer reportedPrivate Equity Fund$21.4M1Mar 31, 2020
      G• S•••••• O••••••••• F••• I• L••• S••••• P••no longer reportedPrivate Equity Fund$20.3M1Mar 31, 2020
      G• S•••••• O••••••••• F••• I• L••• S••••• L••no longer reportedPrivate Equity Fund$19.3M1Mar 30, 2019
      G• S•••••• O••••••••• F••• I• L••• S••••• T••no longer reportedPrivate Equity Fund$17.1M1Mar 31, 2020
      G• S•••••• O••••••••• F••• I• L••• S••••• B••no longer reportedPrivate Equity Fund$15.8M22Mar 30, 2019
      G• S•••••• O••••••••• F••• I• L••• S••••• Q••no longer reportedPrivate Equity Fund$15.0M42Apr 2, 2021
      G• S•••••• O••••••••• F••• I• L••• S••••• Y••no longer reportedPrivate Equity Fund$12.4M15Apr 2, 2021
      G• S•••••• O••••••••• F••• I• L••• S••••• B•••no longer reportedPrivate Equity Fund$11.7M1Apr 2, 2021
      G• S•••••• O••••••••• F••• I• L••• S••••• T••no longer reportedPrivate Equity Fund$11.3M30Apr 2, 2021
      G• S•••••• S•••••• S••••••••• F••• L••• S••••• B••no longer reportedPrivate Equity Fund$10.3M1Apr 2, 2021
      G• S•••••• O••••••••• F••• I• L••• S••••• A••no longer reportedPrivate Equity Fund$9.9M15Mar 30, 2019
      G• S•••••• O••••••••• F••• I• L••• S••••• B••no longer reportedPrivate Equity Fund$9.5M16Jun 8, 2018
      G• S•••••• O••••••••• F••• I• L••• S••••• A•••no longer reportedPrivate Equity Fund$8.9M1Apr 2, 2021
      G• S•••••• O••••••••• F••• I• L••• S••••• D••no longer reportedPrivate Equity Fund$8.7M25Mar 30, 2019
      G• S•••••• O••••••••• F••• V• L••• S••••• A••no longer reportedPrivate Equity Fund$8.7M38Apr 2, 2021
      G• S•••••• O••••••••• F••• I• L••• S••••• Q••no longer reportedPrivate Equity Fund$8.0M16Mar 31, 2020
      G• S•••••• O••••••••• F••• I• L••• S••••• C••no longer reportedPrivate Equity Fund$7.8M4Jun 8, 2018
      G• S•••••• O••••••••• F••• I• L••• S••••• N••no longer reportedPrivate Equity Fund$7.5M1Mar 30, 2019
      G• S•••••• O••••••••• F••• I• L••• S••••• D••no longer reportedPrivate Equity Fund$7.3M1Jun 8, 2018
      All funds of G• S•••••• E••••• M••••••••• L•
      Owners and control persons
      Schedule A and B, latest filing
      • A••••••••• L••••• L•• · Managing Partnercontrol
        since 05/2017 · owns 50% to 75%
      • B•••••• J••••••• D••••• · Chief Legal Officercontrol
        since 05/2017 · owns less than 5%
      • H•••••• C••••• J••• · Chief Compliance Officercontrol
        since 03/2022 · owns less than 5%
      • H••••• T•••••• L••••••• · Chief Operating Officercontrol
        since 02/2020 · owns less than 5%
      • H•••••• R••••••• B•••• · Partner
        since 12/2019 · owns 5% to 10%
      • M•••••• S••••••• C•••••••• · Partner
        since 05/2017 · owns 10% to 25%
      • M•••••• T••••• W••• · Partner
        since 05/2018 · owns 5% to 10%
      • R•••••• L••• · Partner
        since 05/2017 · owns 5% to 10%
      Entity owners
      • 9• N•• M••••••••• S••••••• I••• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • G• S•••••• E••••• G• I•• L••
        pooled vehicle sponsorn
      • G• S•••••• E••••• G• V• L••
        pooled vehicle sponsorn
      • G• S•••••• E••••• G• V•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • San Francisco, CA8 employees
      • Zurich, Switzerland5 employees
      • Miami, FL3 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM up 50 %Change between filings · filing Mar 30, 2026
        RAUM (Item 5.F) moved from $3,790,443,796 to $6,597,676,417 (+74.0%) between the annual amendments of 2025-03-28 and 2026-03-30; the peer median change was +13.0% (631 comparable advisers, 92.0th percentile of changes)
        peers: asset managers, $5B to $20B (631) · 92% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 13 to 16
        Mar 28, 2025 to Mar 30, 2026
      • Advisory employees · 21 to 38
        Mar 28, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 13 to 16
        Mar 28, 2025 to Mar 30, 2026
      • Assets in custody · $3.8B to $6.6B
        Mar 28, 2025 to Mar 30, 2026
      • Employees · 34 to 42
        Mar 28, 2025 to Mar 30, 2026
      • Private funds · 13 to 16
        Mar 28, 2025 to Mar 30, 2026
      • Discretionary RAUM · $3.8B to $6.6B
        Mar 28, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $3.8B to $6.6B
        Mar 28, 2025 to Mar 30, 2026
      • RAUM · $3.8B to $6.6B
        Mar 28, 2025 to Mar 30, 2026
      • RAUM · $3.1B to $3.8B
        Mar 29, 2024 to Mar 28, 2025
      • Accounts · 12 to 13
        Mar 29, 2024 to Mar 28, 2025
      • Advisory employees · 22 to 21
        Mar 29, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 12 to 13
        Mar 29, 2024 to Mar 28, 2025
      • Assets in custody · $3.1B to $3.8B
        Mar 29, 2024 to Mar 28, 2025
      • Employees · 37 to 34
        Mar 29, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 28, 2025
      • Private funds · 12 to 13
        Mar 29, 2024 to Mar 28, 2025
      • Discretionary RAUM · $3.1B to $3.8B
        Mar 29, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $3.1B to $3.8B
        Mar 29, 2024 to Mar 28, 2025
      • Accounts · 10 to 12
        Jan 5, 2024 to Mar 29, 2024
      • Advisory employees · 23 to 22
        Jan 5, 2024 to Mar 29, 2024
      • Pooled vehicle clients · 10 to 12
        Jan 5, 2024 to Mar 29, 2024
      • Assets in custody · $2.6B to $3.1B
        Jan 5, 2024 to Mar 29, 2024
      • Other offices · 4 to 3
        Jan 5, 2024 to Mar 29, 2024
      • Private funds · 10 to 12
        Jan 5, 2024 to Mar 29, 2024
      • Discretionary RAUM · $2.6B to $3.1B
        Jan 5, 2024 to Mar 29, 2024
      • Pooled vehicle RAUM · $2.6B to $3.1B
        Jan 5, 2024 to Mar 29, 2024
      • RAUM · $2.6B to $3.1B
        Jan 5, 2024 to Mar 29, 2024
      • Accounts · 11 to 10
        Mar 31, 2023 to Jan 5, 2024
      • Pooled vehicle clients · 11 to 10
        Mar 31, 2023 to Jan 5, 2024
      • Assets in custody · $2.7B to $2.6B
        Mar 31, 2023 to Jan 5, 2024
      • Private funds · 11 to 10
        Mar 31, 2023 to Jan 5, 2024
      • Discretionary RAUM · $2.7B to $2.6B
        Mar 31, 2023 to Jan 5, 2024
      • Pooled vehicle RAUM · $2.7B to $2.6B
        Mar 31, 2023 to Jan 5, 2024
      • RAUM · $2.7B to $2.6B
        Mar 31, 2023 to Jan 5, 2024
      • Accounts · 7 to 11
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 15 to 23
        Mar 31, 2022 to Mar 31, 2023
      • BD registered reps · 1 to 0
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 7 to 11
        Mar 31, 2022 to Mar 31, 2023
      • Assets in custody · $2.7B to $2.7B
        Mar 31, 2022 to Mar 31, 2023
      Signals
      9 dated events
      • G• S•••••• E••••• M••••••••• L• reported RAUM $6.6B, up 74% from $3.8B (2025-03-28 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • L••••••• T••••• H•••• (Chief Operating Officer) appeared on Schedule A of G• S•••••• E••••• M••••••••• L•
        Mar 29, 2024 · Control person joined · fact
      • G• S•••••• E••••• M••••••••• L• reported RAUM $2.7B, up 178% from $986.3M (2021-04-02 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • J••• C•••• H••••• (Chief Compliance Officer) appeared on Schedule A of G• S•••••• E••••• M••••••••• L•
        Mar 31, 2022 · Control person joined · fact
      • G• S•••••• E••••• M••••••••• L• reported RAUM $986.3M, up 46% from $675.6M (2020-03-31 to 2021-04-02)
        Apr 2, 2021 · RAUM change · derived
      • G• S•••••• E••••• M••••••••• L• reported RAUM $675.6M, up 77% from $382.3M (2019-03-30 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • G• S•••••• E••••• M••••••••• L• reported RAUM $382.3M, up 202% from $126.4M (2018-10-03 to 2019-03-30)
        Mar 30, 2019 · RAUM change · derived
      • G• S•••••• E••••• M••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        May 21, 2018 · Succession (Item 4) · fact
      • G•• E••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Jan 11, 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/gsquaredequitymanagementreportedpublic record, Form ADV, Sep 18, 2026
      Website
      gsquared.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      312-552-7160reportedpublic 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