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
P•••••••• C••••••
Legal name P•••••••• C•••••• L•
Latest filing Mar 30, 2026
First filing on the tape Nov 14, 2017 · 20 filings
SEC status approved since Dec 14, 2017
RAUM
$3.5B
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
30
23 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
8
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$3.5B as of Mar 30, 2026
Mar 29, 2019$148M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 28, 20180 then
Employees (5.A)30 as of Mar 30, 2026
Mar 28, 20189 then
Private funds8 as of Mar 30, 2026
Mar 29, 20192 then
RAUM +41% over the last fiscal year+8.9% 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
- $251MderivedRAUM 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
- +41%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
- $2.1B, 13 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
- 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$3.5B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 14reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $2.1B for 13 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
10 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P•••••••• C•••••• F••• I• L• | Private Equity Fund | $1.1B | 79 | Mar 30, 2021 |
| P•••••••• C•••••• F••• I•• L• | Private Equity Fund | $443M | 36 | Mar 31, 2023 |
| P•••••••• C•••••• F••• I• L• | Private Equity Fund | $361M | 45 | Mar 29, 2019 |
| P•••••••• C•••••• E•••••••• F••• L• | Private Equity Fund | $204M | 13 | Mar 31, 2023 |
| P•••••••• C•••••• M••••• F••• I•• L• | Private Equity Fund | $72.4M | 13 | Mar 31, 2023 |
| P•••••••• C•••••• O••••••• F••• I• L•no longer reported | Private Equity Fund | $41.0M | 9 | Mar 30, 2020 |
| P•••••••• C•••••• M••••• F••• I• L• | Private Equity Fund | $24.5M | 11 | Mar 31, 2023 |
| P•••••••• C•••••• C•••••••• L• | Private Equity Fund | $23.6M | 4 | Mar 31, 2023 |
| P•••••••• C•••••• O••••••• F••• I•• L•no longer reported | Private Equity Fund | $15.2M | 11 | Mar 29, 2022 |
| P•••••••• C•••••• L••no longer reported | Securitized Asset Fund | $13.0M | 3 | Apr 13, 2018 |
Owners and control persons
Schedule A and B, latest filing
- H••••••••• K••••••••• A••••••• · Managing Directorcontrolsince 11/2017 · owns 5% to 10%
- M•••••••• S•••••• A•••••• · Chief Operating Officercontrolsince 08/2020 · owns 5% to 10%
- P••••• D•••••• T••••• · Chief Executive Officercontrolsince 11/2017 · owns 50% to 75%
- Q••••• M••••••• W•••••• · Chief Financial Officer / Chief Compliance Officercontrolsince 04/2022 · owns less than 5%
- T•••••• M•••• D••••• · Managing Directorcontrolsince 11/2017 · owns 5% to 10%
Entity owners
- P•••••••• G• L•• · General Partner Of P•••••••• C•••••• L•direct · owns less than 5%
- A• U• H••••••• L•• · Memberindirect · owns 75% or more of A••••• A••••••••• C•••••• P•••••••
- A••••• A••••••••• C•••••• P••••••• · Memberindirect · owns 75% or more of A••• P• S•• L••
- A••••• H••••••• S•• · Memberindirect · owns 75% or more of A••••• U• H••••••• L••
- A••••• U• H••••••• L•• · Memberindirect · owns 75% or more of A• U• H••••••• L••
- A••• P• S•• L•• · Limited Partnerdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- P•••••••• C•••••••• G•• L••pooled vehicle sponsorn
- P•••••••• G• L••y
- P•••••••• P••••••• E•••••••• G• L••pooled vehicle sponsorn
- P•••••••• P••••••• G• L••pooled vehicle sponsorn
- P•••••••• P••••••• I• G•• L••pooled vehicle sponsorn
- P•••••••• P••••••• I•• G• L••pooled vehicle sponsorn
Advisers that list P•••••••• C•••••• as a related person
- 314568 n
Offices
Schedule D 1.F, the 25 largest
- Lynnfield, MA1 employees
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 11 to 14Mar 28, 2025 to Mar 30, 2026
- Advisory employees · 21 to 23Mar 28, 2025 to Mar 30, 2026
- Pooled vehicle clients · 10 to 13Mar 28, 2025 to Mar 30, 2026
- Assets in custody · $1.7B to $2.1BMar 28, 2025 to Mar 30, 2026
- Employees · 27 to 30Mar 28, 2025 to Mar 30, 2026
- Private funds · 7 to 8Mar 28, 2025 to Mar 30, 2026
- Discretionary RAUM · $2.5B to $3.5BMar 28, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $2.5B to $3.5BMar 28, 2025 to Mar 30, 2026
- RAUM · $2.5B to $3.5BMar 28, 2025 to Mar 30, 2026
- Advisory employees · 20 to 21Nov 14, 2024 to Mar 28, 2025
- Assets in custody · $2.2B to $1.7BNov 14, 2024 to Mar 28, 2025
- Employees · 25 to 27Nov 14, 2024 to Mar 28, 2025
- Financial planning clients · unset to Nov 14, 2024 to Mar 28, 2025
- Other offices · 24 to 3Nov 14, 2024 to Mar 28, 2025
- Discretionary RAUM · $2.8B to $2.5BNov 14, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $2.8B to $2.5BNov 14, 2024 to Mar 28, 2025
- RAUM · $2.8B to $2.5BNov 14, 2024 to Mar 28, 2025
- Accounts · 12 to 11Nov 13, 2023 to Mar 27, 2024
- Advisory employees · 16 to 20Nov 13, 2023 to Mar 27, 2024
- Assets in custody · $1.9B to $2.2BNov 13, 2023 to Mar 27, 2024
- Employees · 24 to 25Nov 13, 2023 to Mar 27, 2024
- Other offices · 13 to 24Nov 13, 2023 to Mar 27, 2024
- Discretionary RAUM · $2.7B to $2.8BNov 13, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $2.7B to $2.8BNov 13, 2023 to Mar 27, 2024
- RAUM · $2.7B to $2.8BNov 13, 2023 to Mar 27, 2024
- Accounts · 10 to 12Sep 14, 2022 to Mar 31, 2023
- Advisory employees · 12 to 16Sep 14, 2022 to Mar 31, 2023
- Pooled vehicle clients · 5 to 10Sep 14, 2022 to Mar 31, 2023
- Assets in custody · $949M to $1.9BSep 14, 2022 to Mar 31, 2023
- Employees · 17 to 24Sep 14, 2022 to Mar 31, 2023
- Other offices · 15 to 13Sep 14, 2022 to Mar 31, 2023
- Private funds · 5 to 7Sep 14, 2022 to Mar 31, 2023
- Discretionary RAUM · $1.5B to $2.7BSep 14, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $1.5B to $2.7BSep 14, 2022 to Mar 31, 2023
- RAUM · $1.5B to $2.7BSep 14, 2022 to Mar 31, 2023
- HQ city · HINGHAM to BOSTONMar 29, 2022 to May 2, 2022
- Accounts · 9 to 10May 7, 2021 to Mar 29, 2022
- Advisory employees · 10 to 12May 7, 2021 to Mar 29, 2022
- Pooled vehicle clients · 4 to 5May 7, 2021 to Mar 29, 2022
- Assets in custody · $70.7M to $949MMay 7, 2021 to Mar 29, 2022
Signals
19 dated events
- P•••••••• C•••••• reported RAUM $3.5B, up 41% from $2.5B (2025-03-28 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- P•••••••• C•••••• reported 3 offices beyond its principal office, down from 24 (2024-11-14 to 2025-03-28)Mar 28, 2025 · Office count change · derived
- P•••••••• C•••••• reported 24 offices beyond its principal office, up from 13 (2023-11-13 to 2024-03-27)Mar 27, 2024 · Office count change · derived
- Omar Hemady (Chief Compliance Officer) no longer on Schedule A of P•••••••• C•••••• (listed 2023-06-13, absent 2023-11-13)Nov 13, 2023 · Control person left · inference
- P•••••••• C•••••• reported RAUM $2.7B, up 77% from $1.5B (2022-09-14 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Omar Hemady (Chief Compliance Officer) appeared on Schedule A of P•••••••• C••••••Mar 31, 2023 · Control person joined · fact
- Michael Quirk (Chief Financial Officer) appeared on Schedule A of P•••••••• C••••••Mar 31, 2023 · Control person joined · fact
- Eric Peter Nawrocki (Chief Financial Officer/Chief Compliance Officer) no longer on Schedule A of P•••••••• C•••••• (listed 2022-09-14, absent 2023-03-31)Mar 31, 2023 · Control person left · inference
- P•••••••• C•••••• reported 15 offices beyond its principal office, up from 0 (2021-05-07 to 2022-03-29)Mar 29, 2022 · Office count change · derived
- P•••••••• C•••••• reported RAUM $1.5B, up 127% from $676.9M (2021-05-07 to 2022-03-29)Mar 29, 2022 · RAUM change · derived
- Bruce Jeffrey Hecktman (Member) no longer on Schedule A of P•••••••• C•••••• (listed 2021-05-07, absent 2022-03-29)Mar 29, 2022 · Control person left · inference
- Bruce Jeffrey Hecktman (Member) appeared on Schedule A of P•••••••• C••••••May 7, 2021 · Control person joined · fact
- Steven Migliero (Chief Operating Officer) appeared on Schedule A of P•••••••• C••••••Mar 30, 2021 · Control person joined · fact
- Kyle Shonak (Managing Director) no longer on Schedule A of P•••••••• C•••••• (listed 2020-03-30, absent 2021-03-30)Mar 30, 2021 · Control person left · inference
- P•••••••• C•••••• reported RAUM $613.6M, up 315% from $147.7M (2019-06-20 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- D Mark Twomey (Managing Director) appeared on Schedule A of P•••••••• C••••••Jun 20, 2019 · Control person joined · fact
- A Katherine Hendricks (Managing Director) appeared on Schedule A of P•••••••• C••••••Jun 20, 2019 · Control person joined · fact
- Kyle Shonak (Managing Director) appeared on Schedule A of P•••••••• C••••••Jun 20, 2019 · Control person joined · fact
- P•••••••• C•••••• filed its initial SEC registration (Form ADV)Nov 14, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- P•••••••• C•••••• · Independent Sponsorsshared crd · capital_provider
- P•••••••• C•••••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/pathlight-capital-llcreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 617-830-7055reportedpublic 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