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•••••• M••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Jun 18, 2020 · 11 filings
SEC status approved since Jul 17, 2020
RAUM
$204M
reported, Item 5.F
Discretionary
83%
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
10
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$204M as of Mar 31, 2026
Mar 31, 2021$238M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 31, 20210 then
Employees (5.A)10 as of Mar 31, 2026
Mar 31, 20218 then
Private funds5 as of Mar 31, 2026
Mar 31, 20213 then
RAUM -42% over the last fiscal year-0.2% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
- $40.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 83%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
- -42%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-based, otherreportedItem 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
- 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 hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$204M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 5reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $0 for 0 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
7 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| H•• F•••• I•••••••• L• | Private Equity Fund | $115M | 21 | Mar 31, 2021 |
| H••••••• C•••••• P••••••• I• L• | Private Equity Fund | $108M | 27 | Mar 20, 2020 |
| S•• H••••••• L••no longer reported | Private Equity Fund | $63.3M | 20 | Sep 25, 2017 |
| H••••••• C•••••• P••••••• I• L• | Private Equity Fund | $50.5M | 25 | Mar 25, 2024 |
| H••••••• C•••••• P••••••• L•no longer reported | Private Equity Fund | $28.6M | 9 | Sep 25, 2017 |
| H••••••• C•••••• C••••••••• L• | Private Equity Fund | $25.8M | 40 | Mar 29, 2023 |
| H••••••• L•••••••• C••••••••• L•no longer reported | Private Equity Fund | $9.4M | 6 | Mar 20, 2020 |
Owners and control persons
Schedule A and B, latest filing
- D••••••• E•••••• V•••••• · Managing Membercontrolsince 04/2014 · owns 75% or more
- R•••••• W••••••• M•••••• · Chief Compliance Officercontrolsince 04/2022 · owns less than 5%
- D••••••• M•••• L•••• · Membersince 01/2020 · owns 5% to 10%
Related persons
Schedule D 7.A
- H••••••• C•••••• P••••••• G• L•pooled vehicle sponsorn
- H•• I• G• L••pooled vehicle sponsorn
- H•• I• G• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- discretionary share shiftChange between filings · filing Mar 31, 2026discretionary share of RAUM moved from 50.0% to 83.0% between the annual amendments of 2025-03-25 and 2026-03-31peers: asset managers, $100M to $500M (1,567)
- RAUM down 25 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $353,949,000 to $203,815,000 (-42.0%) between the annual amendments of 2025-03-25 and 2026-03-31; the peer median change was +4.0% (1148 comparable advisers, 5.0th percentile of changes)peers: asset managers, $100M to $500M (1,148) · 5.0% percentile
What changed
consecutive filings, newest first
- Advisory employees · 11 to 10Mar 25, 2025 to Mar 31, 2026
- Employees · 11 to 10Mar 25, 2025 to Mar 31, 2026
- Discretionary RAUM · $177M to $169MMar 25, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $177M to $34.8MMar 25, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $354M to $204MMar 25, 2025 to Mar 31, 2026
- RAUM · $354M to $204MMar 25, 2025 to Mar 31, 2026
- Accounts · 4 to 5Mar 25, 2024 to Mar 25, 2025
- Pooled vehicle clients · 4 to 5Mar 25, 2024 to Mar 25, 2025
- Financial planning clients · unset to Mar 25, 2024 to Mar 25, 2025
- Private funds · 4 to 5Mar 25, 2024 to Mar 25, 2025
- Discretionary RAUM · $158M to $177MMar 25, 2024 to Mar 25, 2025
- Non-discretionary RAUM · $141M to $177MMar 25, 2024 to Mar 25, 2025
- Pooled vehicle RAUM · $299M to $354MMar 25, 2024 to Mar 25, 2025
- RAUM · $299M to $354MMar 25, 2024 to Mar 25, 2025
- Related adviser · false to trueMar 25, 2024 to Mar 25, 2025
- Accounts · 3 to 4Apr 28, 2023 to Mar 25, 2024
- Advisory employees · 10 to 11Apr 28, 2023 to Mar 25, 2024
- Pooled vehicle clients · 3 to 4Apr 28, 2023 to Mar 25, 2024
- Employees · 10 to 11Apr 28, 2023 to Mar 25, 2024
- Private funds · 3 to 4Apr 28, 2023 to Mar 25, 2024
- Discretionary RAUM · $76.4M to $158MApr 28, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $129M to $141MApr 28, 2023 to Mar 25, 2024
- Pooled vehicle RAUM · $205M to $299MApr 28, 2023 to Mar 25, 2024
- RAUM · $205M to $299MApr 28, 2023 to Mar 25, 2024
- Advisory employees · 9 to 10Nov 23, 2022 to Mar 29, 2023
- Discretionary RAUM · $220M to $76.4MNov 23, 2022 to Mar 29, 2023
- Non-discretionary RAUM · $134M to $129MNov 23, 2022 to Mar 29, 2023
- Pooled vehicle RAUM · $353M to $205MNov 23, 2022 to Mar 29, 2023
- RAUM · $353M to $205MNov 23, 2022 to Mar 29, 2023
- Advisory employees · 7 to 9May 24, 2021 to Mar 18, 2022
- Employees · 8 to 10May 24, 2021 to Mar 18, 2022
- Discretionary RAUM · $135M to $220MMay 24, 2021 to Mar 18, 2022
- Non-discretionary RAUM · $103M to $134MMay 24, 2021 to Mar 18, 2022
- Pooled vehicle RAUM · $238M to $353MMay 24, 2021 to Mar 18, 2022
- RAUM · $238M to $353MMay 24, 2021 to Mar 18, 2022
- Private funds · 6 to 3Jun 18, 2020 to Mar 31, 2021
- Discretionary RAUM · $111M to $135MJun 18, 2020 to Mar 31, 2021
- Non-discretionary RAUM · $65.4M to $103MJun 18, 2020 to Mar 31, 2021
- Pooled vehicle RAUM · $176M to $238MJun 18, 2020 to Mar 31, 2021
- RAUM · $176M to $238MJun 18, 2020 to Mar 31, 2021
Signals
6 dated events
- H••••••• C•••••• M••••••••• L•• reported RAUM $203.8M, down 42% from $353.9M (2025-03-25 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- H••••••• C•••••• M••••••••• L•• reported RAUM $205.2M, down 42% from $353.3M (2022-11-23 to 2023-03-29)Mar 29, 2023 · RAUM change · derived
- Michael William Rustum (Chief Compliance Officer) appeared on Schedule A of H••••••• C•••••• M••••••••• L••Nov 23, 2022 · Control person joined · fact
- H••••••• C•••••• M••••••••• L•• reported RAUM $353.3M, up 49% from $237.8M (2021-05-24 to 2022-03-18)Mar 18, 2022 · RAUM change · derived
- Paola Gardenia Galiardo (Chief Compliance Officer) no longer on Schedule A of H••••••• C•••••• M••••••••• L•• (listed 2021-05-24, absent 2022-03-18)Mar 18, 2022 · Control person left · inference
- H••••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Jun 18, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- H••••••• C•••••• M••••••••• L•• · Independent Sponsorsshared crd · capital_provider
- H••••••• C•••••• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- H•••••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (212) 514-0023reportedpublic record, Form ADV, Mar 31, 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