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•• P•••••••• L••

Asset manager (funds and pooled vehicles)Menlo Park, CaliforniaCRD 291048SEC 801-112130websiteIAPD
Latest filing Sep 9, 2026
First filing on the tape Nov 8, 2017 · 15 filings
SEC status approved since Dec 8, 2017
RAUM
$13B
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
87
87 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$13B as of Mar 31, 2026
Mar 29, 2018$850M then
HNW client RAUM$0 as of Mar 29, 2024
Mar 29, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 29, 20180 then
Employees (5.A)87 as of Mar 31, 2026
Mar 29, 201823 then
Private funds25 as of Mar 31, 2026
Mar 29, 20182 then
RAUM +12% over the last fiscal year+9.2% a year over threeIARs 0 to 0offices 2 to 3
Practice profile
derived from the filing of Sep 9, 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
$537MderivedRAUM 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
+12%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 vehicles, otherreportedItem 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
  • 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)
  • 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$13B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
25reported
Financial planning clients
n/areported
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
      19 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S•• V••••• L•••Private Equity Fund$2.8B128Mar 31, 2023
      S•• V••• L•••Private Equity Fund$1.8B76Mar 31, 2023
      S•• V•••• L•••Private Equity Fund$1.4B125Mar 31, 2021
      M•••••• B•••••• A••••••••• L•Private Equity Fund$1.1B227Mar 31, 2022
      S•• V••• L•••Private Equity Fund$877M41Mar 29, 2018
      S•• V•• L•••Private Equity Fund$849M78Mar 31, 2021
      S•• M••••••• L•••Private Equity Fund$730M954Mar 29, 2024
      M•••••• U•••••••• A••••••••• L•Private Equity Fund$688M224Mar 31, 2022
      S•• A•• L•••Private Equity Fund$511M1,024Mar 29, 2024
      S•• A••••••• L•••Private Equity Fund$435M53Mar 31, 2022
      S•• A••••••••• L•••Private Equity Fund$365M54Mar 31, 2022
      S•• V• L•••Private Equity Fund$203M13Mar 29, 2018
      R••••••• A••••••••• L•Private Equity Fund$126M42Mar 31, 2021
      S•• V•• E•••••••• F•••• L•••Private Equity Fund$79.1M59Mar 31, 2023
      S•• V• E•••••••• F•••• L•••Private Equity Fund$78.7M64Mar 31, 2021
      S•• W••••••• L•••Private Equity Fund$61.0M924Mar 29, 2024
      S•• V• E•••••••• F•••• L•••Private Equity Fund$42.7M22Mar 29, 2019
      S•• A•••••• E•••••••• F•••• L•••Private Equity Fund$41.0M67Mar 31, 2022
      S•• B••••• L•••Private Equity Fund$35.8M24Mar 31, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • B•••• M•••• A•••• · Managing Directorcontrol
        since 11/2017 · owns less than 5%
      • C•••••••• W••••••• F•••••• · Managing Partner, Cio And Elected Managercontrol
        since 11/2017 · owns less than 5%
      • H•••••• D••••••• M••••••• · Managing Director, Coocontrol
        since 11/2017 · owns less than 5%
      • H••••••••• S••••••• E••••• · Managing Director, Cfo, Ccocontrol
        since 11/2017 · owns less than 5%
      • T••••••••• J•••••• T•••••• · Managing Directorcontrol
        since 11/2017 · owns less than 5%
      • C•••••••• W••••••• F•••••• · Limited Partnercontrol
        since 09/2021 · owns 50% to 75% of S•• M••••••••• F•••••• L•••
      Entity owners
      • S•• M••••••••• H•••••••• L••• · Member
        direct · owns 75% or more
      • S•• H••••••• U••• L•• · General Partner
        indirect · owns F of S•• M••••••••• F•••••• L•••
      • S•• H••••••• U••• L•• · General Partner
        indirect · owns F of S•• M••••••••• H•••••••• L•••
      • S•• M••••••••• F•••••• L••• · Limited Partner
        indirect · owns 75% or more of S•• M••••••••• H•••••••• L•••
      Related persons
      Schedule D 7.A
      • M•••••• B•••••• A••••••••• G• L••
        pooled vehicle sponsorn
      • M•••••• U•••••••• A••••••••• G• L••
        pooled vehicle sponsorn
      • R••••••• G• A••••••••• L••
        pooled vehicle sponsorn
      • S•• A•••••• G•• L•••
        pooled vehicle sponsorn
      • S•• A• G•• L•••
        pooled vehicle sponsorn
      • S•• B•••• G•• L•••
        pooled vehicle sponsorn
      • S•• M•••••• G•• L•••
        pooled vehicle sponsorn
      • S•• V• G•• L•••
        pooled vehicle sponsorn
      • S•• V• G•• L•••
        pooled vehicle sponsorn
      • S•• V•• G•• L•••
        pooled vehicle sponsorn
      • S•• W•••••• G•• L•••
        pooled vehicle sponsorn
      • S••••••• T••••••••• G••••• L••
        investment advisernRAUM $307M
      Advisers that list S•• P•••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Bangalore, India8 employees
      • Milan, Italy2 employees
      What changed
      consecutive filings, newest first
      • Financial planning clients · to unset
        Mar 31, 2026 to Sep 9, 2026
      • Other offices · 2 to 3
        Mar 31, 2026 to Sep 9, 2026
      • Private funds · 25 to unset
        Mar 31, 2026 to Sep 9, 2026
      • Succession · false to unset
        Mar 31, 2026 to Sep 9, 2026
      • Accounts · 19 to 25
        Mar 28, 2025 to Mar 31, 2026
      • Advisory employees · 88 to 87
        Mar 28, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 19 to 25
        Mar 28, 2025 to Mar 31, 2026
      • Employees · 88 to 87
        Mar 28, 2025 to Mar 31, 2026
      • Private funds · 19 to 25
        Mar 28, 2025 to Mar 31, 2026
      • Discretionary RAUM · $12B to $13B
        Mar 28, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $12B to $13B
        Mar 28, 2025 to Mar 31, 2026
      • RAUM · $12B to $13B
        Mar 28, 2025 to Mar 31, 2026
      • Advisory employees · 70 to 88
        Mar 29, 2024 to Mar 28, 2025
      • Charity clients · 0.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • Corporate clients · 0.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • HNW clients · 0.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • Individual clients · 0.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • Pension plan clients · 0.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • Employees · 70 to 88
        Mar 29, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 28, 2025
      • Discretionary RAUM · $12B to $12B
        Mar 29, 2024 to Mar 28, 2025
      • HNW RAUM · 0.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • Individual RAUM · 0.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • Pension RAUM · 0.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $12B to $12B
        Mar 29, 2024 to Mar 28, 2025
      • RAUM · $12B to $12B
        Mar 29, 2024 to Mar 28, 2025
      • Accounts · 16 to 19
        Oct 26, 2023 to Mar 29, 2024
      • Advisory employees · 56 to 70
        Oct 26, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 16 to 19
        Oct 26, 2023 to Mar 29, 2024
      • Employees · 56 to 70
        Oct 26, 2023 to Mar 29, 2024
      • Private funds · 16 to 19
        Oct 26, 2023 to Mar 29, 2024
      • Discretionary RAUM · $10B to $12B
        Oct 26, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $10B to $12B
        Oct 26, 2023 to Mar 29, 2024
      • RAUM · $10B to $12B
        Oct 26, 2023 to Mar 29, 2024
      • Related adviser · false to true
        Oct 26, 2023 to Mar 29, 2024
      • Accounts · 13 to 16
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 29 to 56
        Mar 31, 2022 to Mar 31, 2023
      • Advisory activities · 1 to 2
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 13 to 16
        Mar 31, 2022 to Mar 31, 2023
      • Assets in custody · $6.2B to $0
        Mar 31, 2022 to Mar 31, 2023
      Signals
      5 dated events
      • S•• P•••••••• L•• reported RAUM $10.3B, up 66% from $6.2B (2022-03-31 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • S•• P•••••••• L•• reported RAUM $6.2B, up 86% from $3.3B (2021-03-31 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • S•• P•••••••• L•• reported RAUM $3.3B, up 212% from $1.1B (2020-09-30 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • S•• P•••••••• L•• reported RAUM $1.2B, up 36% from $850.4M (2018-03-29 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • S•• P•••••••• L•• filed its initial SEC registration (Form ADV)
        Nov 8, 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/15562reportedpublic record, Form ADV, Sep 19, 2026
      Website
      stg.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      650-935-9500reportedpublic record, Form ADV, Sep 9, 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