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
F•• A••••••• L•
Latest filing Mar 25, 2026
First filing on the tape Dec 12, 2017 · 21 filings
SEC status approved since Jan 10, 2018
RAUM
$1.3B
reported, Item 5.F
Discretionary
68%
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
11
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$1.3B as of Mar 25, 2026
Mar 29, 2019$2.5B then
HNW client RAUM$0 as of Mar 25, 2026
Mar 29, 2019$0 then
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 29, 20190 then
Employees (5.A)11 as of Mar 25, 2026
Mar 29, 201912 then
Private funds2 as of Mar 25, 2026
Mar 29, 20194 then
RAUM +49% over the last fiscal year-9.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 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
- $167MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 68%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
- +49%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 businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- 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
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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$268M85%
- Investment companies$46.3M15%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 8reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.23 institutional_share=0.0 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
Private funds
12 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| F•• S••••• C••••• L•no longer reported | Hedge Fund | $217M | 1 | May 30, 2020 |
| F•• S••••• C••••• I• L•no longer reported | Hedge Fund | $197M | 19 | May 30, 2020 |
| F•• S•••••• O••••••••• ••• L•no longer reported | Hedge Fund | $170M | 2 | May 6, 2015 |
| F•• S•••••• O••••••••• ••• L•• • M••••• S••••• 1•no longer reported | Hedge Fund | $153M | 15 | Aug 22, 2016 |
| F•• S•••••• O••••••••• ••• L• | Hedge Fund | $65.6M | 2 | Jan 10, 2014 |
| F•• S••••• C••••• I•• L• | Hedge Fund | $64.5M | 17 | Jul 29, 2022 |
| F••••••••• S••••••••• O••••••••• L• | Hedge Fund | $41.2M | 9 | Oct 29, 2024 |
| F•• S••••• C••••• ••••••••• L•no longer reported | Private Equity Fund | $28.9M | 23 | Dec 12, 2017 |
| F•• S•••••• O••••••••• ••• L•no longer reported | Hedge Fund | $13.7M | 3 | May 17, 2017 |
| F•• N••• H••••••• L•• | Hedge Fund | $7.6M | 12 | Oct 29, 2024 |
| F••••••••• C••••• O••••••••• M••••• F••• L• | Hedge Fund | $0 | 1 | Dec 19, 2012 |
| F•• S•••••• O••••••••• ••• L• | Hedge Fund | $0 | 2 | May 30, 2020 |
Owners and control persons
Schedule A and B, latest filing
- N••••••• H•••••• E••••• · Ceo, Cio And L•••••• Partnercontrolsince 11/2012 · owns 25% to 50%
- N••••••• T•••• A••• · Chief Financial Officer And Chief Operating Officercontrolsince 08/2021 · owns less than 5%
- P•••••• S•••••• M•••••• · President And Head Of Business Developmentcontrolsince 03/2023 · owns 5% to 10%
- C••••••••• M•••• B•••••• · Membercontrolsince 11/2020 · owns 25% to 50% of R•••••• G• L••
- C••••••••• M•••• B•••••• · Membercontrolsince 11/2020 · owns 25% to 50% of B••••••••• G• L••
- F•••••• P••••••• M•••••• · Membercontrolsince 11/2020 · owns 25% to 50% of R•••••• G• L••
- F•••••• P••••••• M•••••• · Membercontrolsince 11/2020 · owns 25% to 50% of B••••••••• G• L••
- K•••••• M•••• · Trusteecontrolsince 12/2018 · owns F of P••• E• S••••• F••••• T•••• I••
- N••••••• H•••••• E••••• · Membercontrolsince 11/2012 · owns 75% or more of F•• M••••••••• L••
- P••••••• J•••••••• D• · Membercontrolsince 02/2018 · owns 25% to 50% of B••••••••• G• L••
- P••••••• J•••••••• D• · Membercontrolsince 02/2018 · owns 25% to 50% of R•••••• G• L••
- S•••••• G•••••• M•••••• · Trusteecontrolsince 12/2018 · owns F of P••• E• S••••• F••••• T•••• I••
- S•••••• P•••• E•••••• · Managing Member, Presidentcontrolsince 02/2003 · owns 75% or more of E•••••• A•••• M••••••••• L••
- S•••••• P•••• E•••••• · Managing Member, Presidentcontrolsince 03/2017 · owns 75% or more of E•••••• A••••••• G• L••
- S•••••• P•••• E•••••• · Managing Member, Presidentcontrolsince 12/2018 · owns F of E•••••• I••••••••• A••••••• G• L••
- S•••••• P•••• E•••••• · President, Director, Shareholdercontrolsince 04/1997 · owns 75% or more of B•••••• A••••••••• I•••
- S•••••• P•••• E•••••• · Member, Presidentcontrolsince 03/2017 · owns F of E•••••• I••••••••• S•••••• G•• L••
Entity owners
- F•• M••••••••• L•• · General Partnerdirect · owns less than 5%
- P•• F••••••••• I••••••••• I••• · L•••••• Partnerdirect · owns 50% to 75%
- B••••••••• G• L•• · General Partnerindirect · owns F of P••••••••• G•••• H••••••• L•••
- B•••••• A••••••••• I••• · General Partnerindirect · owns F of E•••••• C•••••• A•••••••• L•••
- E•••••• A••••••• G• L•• · General Partnerindirect · owns F of E•••••• C•••••• A•••••••• L•••
- E•••••• A•••• M••••••••• L•• · General Partnerindirect · owns F of E•••••• C•••••• A•••••••• L•••
- E•••••• I••••••••• A••••••• G• L•• · Manager, Class A Memberindirect · owns 50% to 75% of E•••••• I••••••••• S•••••• G•• L••
- E•••••• I••••••••• L•••••• · L•••••• Partnerindirect · owns 75% or more of E•••••• I••••••••• L•••
- E•••••• I••••••••• S•••••• G•• L•• · Class A Shareholderindirect · owns 75% or more of H••••••••• I•••
- E•••••• I••••••••• L••• · Shareholderindirect · owns 75% or more of V••••••• I••••••••• S•••••• •••••••••
- H••••••••• I••• · General Partnerindirect · owns F of E•••••• I••••••••• L•••
- P•• S•••••••• P•••••••• L••• · Shareholderindirect · owns 75% or more of P•• F••••••••• I••••••••• I•••
- P••• E• S••••• F••••• T•••• I•• · Managing Memberindirect · owns 75% or more of P•••• I•• E• L••
- P••••••••• G•••• H••••••• L••• · Shareholderindirect · owns 75% or more of P•• S•••••••• P•••••••• L•••
- R•••••• G• L•• · General Partnerindirect · owns F of V••••••• H••••••• L•••
- V••••••• H••••••• L••• · L•••••• Partnerindirect · owns 75% or more of P••••••••• G•••• H••••••• L•••
- V••••••• I••••••••• S•••••• ••••••••• · L•••••• Partnerindirect · owns 50% to 75% of V••••••• H••••••• L•••
- E•••••• C•••••• A•••••••• L••• · Class C Shareholderindirect · owns 75% or more of H••••••••• I•••
- E•••••• I••••••••• L•••••• · Class B Shareholderindirect · owns 75% or more of H••••••••• I•••
- P•• I••••••••• G• L•• · General Partnerindirect · owns F of P•• S•••••••• P•••••••• L•••
Related persons
Schedule D 7.A
- F•• G• L••pooled vehicle sponsorn
- F•• S••••• C••••• G• L••pooled vehicle sponsorn
- F•• S•••••• O••••••••• ••• G• L••pooled vehicle sponsorn
- F•• A••••••• L•investment advisernRAUM $366M
- F•• G• L••pooled vehicle sponsorn
- F••••••••• C••••• O••••••••• G• L••pooled vehicle sponsorn
- F•• G• L••pooled vehicle sponsorn
Advisers that list F•• A••••••• L• as a related person
- 300903 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- discretionary share shiftChange between filings · filing Mar 25, 2026discretionary share of RAUM moved from 51.0% to 68.0% between the annual amendments of 2025-04-03 and 2026-03-25peers: other advisers, $1B to $5B (247)
What changed
consecutive filings, newest first
- Accounts · 10 to 8Oct 15, 2025 to Mar 25, 2026
- Pooled vehicle clients · 5 to 3Oct 15, 2025 to Mar 25, 2026
- Private funds · 3 to 2Oct 15, 2025 to Mar 25, 2026
- Discretionary RAUM · $456M to $911MOct 15, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $445M to $429MOct 15, 2025 to Mar 25, 2026
- Pooled vehicle RAUM · $102M to $268MOct 15, 2025 to Mar 25, 2026
- RAUM · $901M to $1.3BOct 15, 2025 to Mar 25, 2026
- Accounts · 14 to 10Nov 18, 2024 to Apr 3, 2025
- Pooled vehicle clients · 9 to 5Nov 18, 2024 to Apr 3, 2025
- Financial planning clients · unset to Nov 18, 2024 to Apr 3, 2025
- Private funds · 5 to 3Nov 18, 2024 to Apr 3, 2025
- Discretionary RAUM · $328M to $456MNov 18, 2024 to Apr 3, 2025
- Non-discretionary RAUM · $463M to $445MNov 18, 2024 to Apr 3, 2025
- Pooled vehicle RAUM · $114M to $102MNov 18, 2024 to Apr 3, 2025
- RAUM · $791M to $901MNov 18, 2024 to Apr 3, 2025
- Accounts · 13 to 14Mar 28, 2024 to Oct 29, 2024
- Advisory activities · 2 to 3Mar 28, 2024 to Oct 29, 2024
- Pooled vehicle clients · 6 to 9Mar 28, 2024 to Oct 29, 2024
- Discretionary RAUM · $869M to $328MMar 28, 2024 to Oct 29, 2024
- Non-discretionary RAUM · $536M to $463MMar 28, 2024 to Oct 29, 2024
- Pooled vehicle RAUM · $507M to $114MMar 28, 2024 to Oct 29, 2024
- RAUM · $1.4B to $791MMar 28, 2024 to Oct 29, 2024
- Related adviser · false to trueMar 28, 2024 to Oct 29, 2024
- Accounts · 12 to 13Apr 3, 2023 to Mar 28, 2024
- Advisory employees · 7 to 6Apr 3, 2023 to Mar 28, 2024
- Pooled vehicle clients · 5 to 6Apr 3, 2023 to Mar 28, 2024
- Employees · 12 to 11Apr 3, 2023 to Mar 28, 2024
- Discretionary RAUM · $1.4B to $869MApr 3, 2023 to Mar 28, 2024
- Non-discretionary RAUM · $446M to $536MApr 3, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $613M to $507MApr 3, 2023 to Mar 28, 2024
- RAUM · $1.8B to $1.4BApr 3, 2023 to Mar 28, 2024
- Accounts · 15 to 12Nov 29, 2022 to Mar 31, 2023
- Pooled vehicle clients · 9 to 5Nov 29, 2022 to Mar 31, 2023
- Employees · 13 to 12Nov 29, 2022 to Mar 31, 2023
- Discretionary RAUM · $2.3B to $1.4BNov 29, 2022 to Mar 31, 2023
- Non-discretionary RAUM · $85.8M to $446MNov 29, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $1.5B to $613MNov 29, 2022 to Mar 31, 2023
- RAUM · $2.4B to $1.8BNov 29, 2022 to Mar 31, 2023
- Accounts · 14 to 15Jul 29, 2022 to Nov 29, 2022
- Pooled vehicle clients · 8 to 9Jul 29, 2022 to Nov 29, 2022
Signals
16 dated events
- F•• A••••••• L• reported RAUM $1.3B, up 49% from $900.8M (2025-10-15 to 2026-03-25)Mar 25, 2026 · RAUM change · derived
- F•• A••••••• L• reported RAUM $791.3M, down 44% from $1.4B (2024-03-28 to 2024-10-29)Oct 29, 2024 · RAUM change · derived
- Arlene Robyn Huffman (General Counsel) no longer on Schedule A of F•• A••••••• L• (listed 2023-04-03, absent 2024-03-28)Mar 28, 2024 · Control person left · inference
- Myron Kaplan (Trustee) appeared on Schedule A of F•• A••••••• L•Jan 14, 2022 · Control person joined · fact
- Matthew Gordon Singer (Trustee) appeared on Schedule A of F•• A••••••• L•Jan 14, 2022 · Control person joined · fact
- Elliott Paul Singer (President, Director, Shareholder) appeared on Schedule A of F•• A••••••• L•Jan 14, 2022 · Control person joined · fact
- D Jonathan Pollock (Member) appeared on Schedule A of F•• A••••••• L•Jan 14, 2022 · Control person joined · fact
- B•••••• M••• C•••••••• (Member) appeared on Schedule A of F•• A••••••• L•Jan 14, 2022 · Control person joined · fact
- Michael Patrick Frayne (Member) appeared on Schedule A of F•• A••••••• L•Jan 14, 2022 · Control person joined · fact
- Richard Jeffrey Walsh (Manager) no longer on Schedule A of F•• A••••••• L• (listed 2021-08-02, absent 2022-01-14)Jan 14, 2022 · Control person left · inference
- T L Thomas Tam (Chief Financial Officer) no longer on Schedule A of F•• A••••••• L• (listed 2021-03-10, absent 2021-08-02)Aug 2, 2021 · Control person left · inference
- Alan Todd Neufeld (Cheif Financial Officer) appeared on Schedule A of F•• A••••••• L•Aug 2, 2021 · Control person joined · fact
- Michael Justin Vinci (Chief Financial Officer) no longer on Schedule A of F•• A••••••• L• (listed 2020-05-30, absent 2021-02-02)Feb 2, 2021 · Control person left · inference
- Evan Bruce Kayle (Senior Advisor) no longer on Schedule A of F•• A••••••• L• (listed 2020-05-30, absent 2021-02-02)Feb 2, 2021 · Control person left · inference
- T L Thomas Tam (Chief Financial Officer) appeared on Schedule A of F•• A••••••• L•Feb 2, 2021 · Control person joined · fact
- F•• A••••••• L• filed its initial SEC registration (Form ADV)Dec 12, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- F•• A••••••• L• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/foundation-creditreportedpublic record, Form ADV, Sep 19, 2026
- Website
- f•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 646-467-8050reportedpublic record, Form ADV, Mar 25, 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
- Other 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