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

A• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Nashville, TennesseeCRD 291880SEC 801-112982websiteIAPD
Latest filing May 6, 2026
First filing on the tape Mar 27, 2018 · 17 filings
SEC status approved since Apr 30, 2018
RAUM
$2.6B
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
112
32 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
41
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$2.6B as of May 6, 2026
Mar 28, 2019$926M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 6, 2026
Mar 28, 20190 then
Employees (5.A)112 as of May 6, 2026
Mar 28, 201987 then
Private funds41 as of May 6, 2026
Mar 28, 20194 then
RAUM +1.2% over the last fiscal year+3.9% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 6, 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
$64.3MderivedRAUM 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
+1.3%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
Custody
$2.5B, 41 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
  • 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$2.6B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
41reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$2.5B for 41 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
      37 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      G••••••• H••••• R••• E••••• F••• I•• L•Real Estate Fund$906M518Aug 27, 2018
      A• C•••••• R••• E••••• F••• I• L•no longer reportedReal Estate Fund$531M353Aug 27, 2018
      A• N•••••••• P•••• I•• O••••••••• F••• L••Real Estate Fund$171M164Mar 31, 2022
      A• L••••• R•••• O••••••••• F••• L••Real Estate Fund$158M131Mar 31, 2022
      A• N•••••••• P•••• I• O••••••••• F••• L••Real Estate Fund$137M139Mar 28, 2019
      G••••••• H••••• R••• E••••• F••• I• L•Real Estate Fund$131M65Mar 31, 2023
      A• B•••• M•••• P•••• F••• L••Real Estate Fund$78.1M93Mar 29, 2024
      A• N•••••••• P•••• I• O••••••••• F••• L••Real Estate Fund$76.3M139Mar 28, 2019
      A• S•• A•••••• F••• L••Real Estate Fund$73.4M101Mar 30, 2020
      A• R•• F••• L••Real Estate Fund$54.1M95Mar 31, 2022
      A• H•••••• I••••• I•••••••• L••Real Estate Fund$45.9M1Mar 31, 2022
      A• M•••• V•••• R••• E••••• F••• L•Real Estate Fund$43.8M5Mar 31, 2022
      A• N•• O•••••• F••• L••Real Estate Fund$42.2M95Mar 30, 2020
      T••• L•••••• F••• L••Real Estate Fund$33.3M79Mar 30, 2020
      A• A••••• C•••••••• L•Real Estate Fund$28.2M30Mar 31, 2023
      A• B•••••• F••• L••Real Estate Fund$27.5M88Mar 30, 2020
      A• P••••••• F••• L••Real Estate Fund$24.0M71Mar 31, 2023
      A• T•••• F••• L••Real Estate Fund$21.9M78Mar 31, 2021
      T••• L•••••• R••••••••• F••• L••Real Estate Fund$21.2M37Mar 30, 2020
      A• L••••• R•••• O••••••••• F••• •••• L••Real Estate Fund$19.8M1Mar 31, 2023
      A• D•••••• F••• L••Real Estate Fund$17.0M73Mar 31, 2023
      A• H•••• 1••• M••••• L••Real Estate Fund$15.2M37Mar 31, 2022
      A• W••• F••• L••Real Estate Fund$12.5M19Mar 31, 2023
      A• N•••••••• P•••• I•• O••••••••• F••• •••• L••Real Estate Fund$7.9M1Mar 31, 2022
      A• S•• F••• L•Real Estate Fund$5.7M4Mar 31, 2023
      A• H•••• 1••• M••••• ••• L••Real Estate Fund$5.5M1Mar 31, 2023
      A• L••••• R•••• O••••••••• F••• •••• L••Real Estate Fund$2.9M1Mar 31, 2023
      A• L••••• R•••• O••••••••• F••• ••• L••Real Estate Fund$2.0M1Mar 31, 2023
      A• N•••••••• P•••• I•• O••••••••• F••• •••• L••Real Estate Fund$2.0M1Mar 31, 2022
      A• L••••• R•••• O••••••••• F••• ••••••• L••Real Estate Fund$2.0M1Mar 31, 2023
      A• N•••••••• P•••• I•• O••••••••• F••• ••••••• L••Real Estate Fund$1.9M1Mar 31, 2023
      A• L••••• R•••• O••••••••• F••• •••• L••Real Estate Fund$1.5M1Mar 31, 2023
      A• N•••••••• P•••• I•• O••••••••• F••• ••••••• L••Real Estate Fund$1.2M1Mar 31, 2023
      A• L••••• R•••• O••••••••• F••• ••• L••Real Estate Fund$999,2681Mar 29, 2024
      A• N•••••••• P•••• I•• O••••••••• F••• ••• L••Real Estate Fund$976,0991Mar 29, 2024
      A• L••••• R•••• O••••••••• F••• ••••••• L••Real Estate Fund$972,2081Mar 31, 2023
      A• L••••• R•••• O••••••••• F••• ••••• L••Real Estate Fund$777,7671Mar 29, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• K••••••• K• · Chief Compliance Officercontrol
        since 03/2023 · owns less than 5%
      • H••••••••• E•••• D••••• · Presidentcontrol
        since 12/2017 · owns less than 5%
      • W•••••• A•••••• J•• · Partnercontrol
        since 12/2017 · owns less than 5%
      • W•••••• B•••••••• J•••• · Chief Executive Officercontrol
        since 12/2017 · owns less than 5%
      • W•••••• A•••••• J•• · M••••••control
        since 04/2023 · owns F of 6•• W• B••••• L••
      • W•••••• B•••••••• J•••• · Trusteecontrol
        since 01/2017 · owns F of B••••••• J• W••••• R•••••••• T••••
      • W•••••• B•••••••• J•••• · Trusteecontrol
        since 04/2023 · owns F of M••• A•• W••••• D•••••• T••••
      • W•••••• M•••• A•• · Trusteecontrol
        since 04/2023 · owns F of B••••••• J• W••••• D•••••• T••••
      Entity owners
      • A••••••••• J••••••• L• · Managing M•••••
        direct · owns 75% or more
      • 6•• W• B••••• L•• · M•••••
        indirect · owns 75% or more of A••••••••• J••••••• L•
      • A••••••••• J••••••• G• L•• · General Partner
        indirect · owns F of A••••••••• J••••••• L•
      • B••••••• J• W••••• D•••••• T•••• · M•••••
        indirect · owns 50% to 75% of 6•• W• B••••• L••
      • B••••••• J• W••••• R•••••••• T•••• · Managing M•••••
        indirect · owns 75% or more of A••••••••• J••••••• G• L••
      • M••• A•• W••••• D•••••• T•••• · M•••••
        indirect · owns 50% to 75% of 6•• W• B••••• L••
      Related persons
      Schedule D 7.A
      • A• B•••• M•••• P•••• M•••••• L••
        pooled vehicle sponsorn
      • A• B•••••• M•••••• L••
        pooled vehicle sponsorn
      • A• D•••••• M•••••• L••
        pooled vehicle sponsorn
      • A• H•••••• I••••• M•••••• L••
        pooled vehicle sponsorn
      • A• L••••• R•••• M•••••• L••
        pooled vehicle sponsorn
      • A• M•••• V•••• R••• E••••• F••• G• L••
        pooled vehicle sponsorn
      • A• N•• O•••••• M•••••• L••
        pooled vehicle sponsorn
      • A• P•••• I• M•••••• L••
        pooled vehicle sponsorn
      • A• P•••• I• M•••••• L••
        pooled vehicle sponsorn
      • A• P•••• I•• M•••••• L••
        pooled vehicle sponsorn
      • A• P••••••• M•••••• L••
        pooled vehicle sponsorn
      • A• R•• M•••••• L••
        pooled vehicle sponsorn
      • A• S•• F••• G• L••
        pooled vehicle sponsorn
      • A• S•• A•••••• M•••••• L••
        pooled vehicle sponsorn
      • A• T•••• M•••••• L••
        pooled vehicle sponsorn
      • A• W••• M•••••• L••
        pooled vehicle sponsorn
      • G••••••• H••••• F••• I•• G• L••
        pooled vehicle sponsorn
      • G••••••• H••••• F••• I• G• L••
        pooled vehicle sponsorn
      • H•••• 1••• M•••••• L••
        pooled vehicle sponsorn
      • T••• L•••••• M•••••• L••
        pooled vehicle sponsorn
      • T••• L•••••• R••••••••• M•••••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Chicago, IL8 employees
      • London, United Kingdom1 employees
      • Miami, FL1 employees
      What changed
      consecutive filings, newest first
      • Assets in custody · $2.5B to $2.5B
        Mar 30, 2026 to May 6, 2026
      • Discretionary RAUM · $2.6B to $2.6B
        Mar 30, 2026 to May 6, 2026
      • Pooled vehicle RAUM · $2.6B to $2.6B
        Mar 30, 2026 to May 6, 2026
      • RAUM · $2.6B to $2.6B
        Mar 30, 2026 to May 6, 2026
      • Accounts · 37 to 41
        Apr 25, 2025 to Mar 30, 2026
      • Advisory employees · 28 to 32
        Apr 25, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 37 to 41
        Apr 25, 2025 to Mar 30, 2026
      • Assets in custody · $2.5B to $2.5B
        Apr 25, 2025 to Mar 30, 2026
      • Employees · 121 to 112
        Apr 25, 2025 to Mar 30, 2026
      • Private funds · 37 to 41
        Apr 25, 2025 to Mar 30, 2026
      • Discretionary RAUM · $2.6B to $2.6B
        Apr 25, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $2.6B to $2.6B
        Apr 25, 2025 to Mar 30, 2026
      • RAUM · $2.6B to $2.6B
        Apr 25, 2025 to Mar 30, 2026
      • Accounts · 36 to 37
        Mar 29, 2024 to Apr 25, 2025
      • Pooled vehicle clients · 36 to 37
        Mar 29, 2024 to Apr 25, 2025
      • Assets in custody · $2.1B to $2.5B
        Mar 29, 2024 to Apr 25, 2025
      • Employees · 133 to 121
        Mar 29, 2024 to Apr 25, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Apr 25, 2025
      • Private funds · 36 to 37
        Mar 29, 2024 to Apr 25, 2025
      • Discretionary RAUM · $2.2B to $2.6B
        Mar 29, 2024 to Apr 25, 2025
      • Pooled vehicle RAUM · $2.2B to $2.6B
        Mar 29, 2024 to Apr 25, 2025
      • RAUM · $2.2B to $2.6B
        Mar 29, 2024 to Apr 25, 2025
      • Accounts · 32 to 36
        Oct 30, 2023 to Mar 29, 2024
      • Advisory employees · 36 to 28
        Oct 30, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 32 to 36
        Oct 30, 2023 to Mar 29, 2024
      • Assets in custody · $2.2B to $2.1B
        Oct 30, 2023 to Mar 29, 2024
      • Employees · 135 to 133
        Oct 30, 2023 to Mar 29, 2024
      • Private funds · 32 to 36
        Oct 30, 2023 to Mar 29, 2024
      • Discretionary RAUM · $2.3B to $2.2B
        Oct 30, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $2.3B to $2.2B
        Oct 30, 2023 to Mar 29, 2024
      • RAUM · $2.3B to $2.2B
        Oct 30, 2023 to Mar 29, 2024
      • Accounts · 17 to 32
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 29 to 36
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 17 to 32
        Mar 31, 2022 to Mar 31, 2023
      • Assets in custody · $1.8B to $2.2B
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 98 to 135
        Mar 31, 2022 to Mar 31, 2023
      • Other offices · 2 to 3
        Mar 31, 2022 to Mar 31, 2023
      • Private funds · 17 to 32
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.8B to $2.3B
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $1.8B to $2.3B
        Mar 31, 2022 to Mar 31, 2023
      Signals
      9 dated events
      • Ann M••• W••••• (Trustee) appeared on Schedule A of A• C•••••• M••••••••• L••
        Mar 29, 2024 · Control person joined · fact
      • A• C•••••• M••••••••• L•• reported RAUM $2.3B, up 32% from $1.8B (2022-03-31 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • L. Kaitlyn Kooyers (Chief Compliance Officer) appeared on Schedule A of A• C•••••• M••••••••• L••
        Mar 31, 2023 · Control person joined · fact
      • Brian Jeremy Szuch (Chief Compliance Officer) no longer on Schedule A of A• C•••••• M••••••••• L•• (listed 2022-03-31, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • A• C•••••• M••••••••• L•• reported RAUM $1.8B, up 74% from $1.0B (2021-06-28 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • James Patrick Stephens (Chief Compliance Officer) no longer on Schedule A of A• C•••••• M••••••••• L•• (listed 2021-03-31, absent 2021-06-03)
        Jun 3, 2021 · Control person left · inference
      • B Jeremy Szuch (Chief Compliance Officer) appeared on Schedule A of A• C•••••• M••••••••• L••
        Jun 3, 2021 · Control person joined · fact
      • A• C•••••• M••••••••• L•• reported RAUM $1.3B, up 46% from $925.6M (2019-03-28 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • A• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Mar 27, 2018 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/aj-capital-partnersreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      312-267-4185reportedpublic record, Form ADV, May 6, 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
      Across the graphs

      A• C•••••• M••••••••• L•• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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