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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Former SEC-registered adviser

C••••••••• P••••••• L•

Former SEC-registered adviserThe Woodlands, TexasCRD 290146SEC 801-111985IAPD
Latest filing Mar 28, 2024
First filing on the tape Sep 29, 2017 · 12 filings
RAUM
$123M
reported, Item 5.F
Discretionary
0.0%
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
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$123M as of Mar 28, 2024
Mar 30, 2018$261M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 28, 2024
Mar 30, 20180 then
Employees (5.A)2 as of Mar 28, 2024
Mar 30, 20186 then
Private funds: 1
RAUM -51% over the last fiscal year-18% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 28, 2024; 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
$123MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%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
-51%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
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
  • Pooled investment vehicles$123M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
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
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • S••••• P••••••• M••••• N••••• · Limited Partnercontrol
        since 09/2017 · owns 75% or more
      • S••••• P••••••• M••••• N••••• · M••••••control
        since 10/2023 · owns F of C••••••••• M•••••• L••
      Entity owners
      • C••••••••• M•••••• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Non-discretionary RAUM · $252M to $123M
        Nov 13, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $252M to $123M
        Nov 13, 2023 to Mar 28, 2024
      • RAUM · $252M to $123M
        Nov 13, 2023 to Mar 28, 2024
      • HQ city · TAMPA to THE WOODLANDS
        Mar 30, 2023 to Nov 13, 2023
      • HQ state · FL to TX
        Mar 30, 2023 to Nov 13, 2023
      • Advisory employees · 3 to 2
        Mar 30, 2022 to Mar 30, 2023
      • Employees · 3 to 2
        Mar 30, 2022 to Mar 30, 2023
      • Non-discretionary RAUM · $278M to $252M
        Mar 30, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $278M to $252M
        Mar 30, 2022 to Mar 30, 2023
      • RAUM · $278M to $252M
        Mar 30, 2022 to Mar 30, 2023
      • Non-discretionary RAUM · $221M to $278M
        Aug 13, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $221M to $278M
        Aug 13, 2021 to Mar 30, 2022
      • RAUM · $221M to $278M
        Aug 13, 2021 to Mar 30, 2022
      • Advisory employees · 4 to 3
        Mar 18, 2021 to Aug 13, 2021
      • Employees · 4 to 3
        Mar 18, 2021 to Aug 13, 2021
      • Other offices · 1 to 0
        Mar 18, 2021 to Aug 13, 2021
      • Advisory employees · 5 to 4
        Mar 31, 2020 to Mar 18, 2021
      • Employees · 6 to 4
        Mar 31, 2020 to Mar 18, 2021
      • Non-discretionary RAUM · $315M to $221M
        Mar 31, 2020 to Mar 18, 2021
      • Pooled vehicle RAUM · $315M to $221M
        Mar 31, 2020 to Mar 18, 2021
      • RAUM · $315M to $221M
        Mar 31, 2020 to Mar 18, 2021
      • Non-discretionary RAUM · $291M to $315M
        Mar 26, 2019 to Mar 31, 2020
      • Pooled vehicle RAUM · $291M to $315M
        Mar 26, 2019 to Mar 31, 2020
      • RAUM · $291M to $315M
        Mar 26, 2019 to Mar 31, 2020
      • Private funds · 1 to unset
        Mar 30, 2018 to Mar 26, 2019
      • Non-discretionary RAUM · $261M to $291M
        Mar 30, 2018 to Mar 26, 2019
      • Pooled vehicle RAUM · $261M to $291M
        Mar 30, 2018 to Mar 26, 2019
      • RAUM · $261M to $291M
        Mar 30, 2018 to Mar 26, 2019
      • Non-discretionary RAUM · $236M to $261M
        Feb 25, 2018 to Mar 30, 2018
      • Pooled vehicle RAUM · $236M to $261M
        Feb 25, 2018 to Mar 30, 2018
      • RAUM · $236M to $261M
        Feb 25, 2018 to Mar 30, 2018
      • Non-discretionary RAUM · $253M to $236M
        Feb 24, 2018 to Feb 25, 2018
      • RAUM · $253M to $236M
        Feb 24, 2018 to Feb 25, 2018
      • Pooled vehicle clients · unset to 1.0
        Sep 29, 2017 to Feb 24, 2018
      • Other offices · unset to 1.0
        Sep 29, 2017 to Feb 24, 2018
      • Pooled vehicle RAUM · unset to 236200000.0
        Sep 29, 2017 to Feb 24, 2018
      Signals
      4 dated events
      • C••••••••• P••••••• L• reported RAUM $123.4M, down 51% from $252.0M (2023-11-13 to 2024-03-28)
        Mar 28, 2024 · RAUM change · derived
      • M••• G••••••• D••• (Manager) no longer on Schedule A of C••••••••• P••••••• L• (listed 2023-03-30, absent 2023-11-13)
        Nov 13, 2023 · Control person left · inference
      • S•••• M••• G••••••• (Limited Partner) no longer on Schedule A of C••••••••• P••••••• L• (listed 2021-08-13, absent 2022-03-30)
        Mar 30, 2022 · Control person left · inference
      • C••••••••• P••••••• L• filed its initial SEC registration (Form ADV)
        Sep 29, 2017 · 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/circularispartnersreportedpublic record, Form ADV, Sep 19, 2026
      Website
      circularis.comreportedpublic record, Form ADV, Sep 19, 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
      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