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
D• E• S••• R•••••••• I••••••••• L•••••
Latest filing Dec 9, 2024
First filing on the tape Nov 15, 2021 · 11 filings
SEC status approved since Dec 16, 2021
RAUM
$972M
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
111
32 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
12
$972M gross assets
History
11 filings and snapshots on the tape
RAUM$972M as of Mar 29, 2024
Mar 31, 2022$969M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 29, 2024
Mar 31, 20220 then
Employees (5.A)111 as of Mar 29, 2024
Mar 31, 202250 then
Private funds12 as of Mar 29, 2024
Mar 31, 202212 then
RAUM -3.8% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Dec 9, 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
- $81.0MderivedRAUM 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
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -3.8%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, fixed fees, performance-based, otherreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $209M, 6 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$972M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 12reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- $209M for 6 clientsreported
- Compensation
- % of AUM, fixed, 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
Private funds
12 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| R•••••••• E••••• A••••••• L••••• | Private Equity Fund | $357M | 2 | May 5, 2017 |
| R•••••••• E••••• A•••••• S••••••• L••••• | Private Equity Fund | $126M | 1 | Mar 1, 2022 |
| R•••••••• E••••• H••••• I••• L••••• | Private Equity Fund | $120M | 12 | Nov 15, 2021 |
| D•••• I•• L••••• | Private Equity Fund | $112M | 59 | Aug 26, 2013 |
| R•••••••• E••••• A•••••• I•• L••••• | Private Equity Fund | $89.3M | 3 | May 30, 2018 |
| D•••• V•• L••••• | Private Equity Fund | $50.8M | 41 | Feb 20, 2015 |
| R•••••••• E••••• H•••••• L••••• | Private Equity Fund | $35.1M | 8 | May 5, 2017 |
| R•••••••• E••••• H••••• I•• L••••• | Private Equity Fund | $29.7M | 9 | May 30, 2018 |
| D• E• S••• R•••••••• I••••••••• P•••• C•••••• L••••• | Private Equity Fund | $26.1M | 20 | Mar 30, 2012 |
| D•••• V••• L••••• | Private Equity Fund | $15.9M | 41 | May 30, 2018 |
| D•••• I•• L••••• | Private Equity Fund | $5.4M | 33 | Jul 26, 2012 |
| D•••• V• L••••• | Private Equity Fund | $4.6M | 39 | Nov 18, 2013 |
Owners and control persons
Schedule A and B, latest filing
- S•••• D••••• E••••• · L•••••• Partnercontrolsince 12/1992 · owns 50% to 75% of D• E• S••• • C••• L•••
- S•••• D••••• E••••• · Sole Stockholder, Chairman, And Presidentcontrolsince 11/1992 · owns 75% or more of D• E• S••• • C••• I•••
- J••••• S••••••• D•••• · Chief Operating Officersince 11/2024 · owns less than 5%
- K••••••••• S••••••••• N•• · Chief Financial Officersince 09/2018 · owns less than 5%
- M•••••• B••••• R•••••• · Executive Chairmansince 07/2016 · owns less than 5%
- P••••••• J••• R••••••• C••••• · Chief Compliance Officer And Chief Counselsince 11/2021 · owns less than 5%
- Z••••••••• D••••• M•••••• · Chief Executive Officersince 07/2016 · owns less than 5%
Entity owners
- D•••• H•••••••• L••• · Managing Memberdirect · owns 75% or more
- D• E• S••• • C••• I••• · G•••••• Partnerindirect · owns F of D• E• S••• • C••• L•••
- D• E• S••• • C••• L••• · Managing Memberindirect · owns 75% or more of D•••• H••••••• G•••••• P••••••• L•••••
- D• E• S••• • C••• L••• · L•••••• Partnerindirect · owns 75% or more of D•••• H•••••••• L•••
- D•••• H••••••• G•••••• P••••••• L••••• · G•••••• Partnerindirect · owns F of D•••• H•••••••• L•••
Related persons
Schedule D 7.A
- D• E• S••• • C•• •••• P••••••• L••••••broker-dealerinvestment advisern
- D• E• S••• • C•• ••••••••• L•••real estaten
- D• E• S••• • C•• •••••••• L••broker-dealerinvestment advisern
- D• E• S••• • C•• ••••••••• P••• L•••investment advisern
- D• E• S••• • C••• L•••••bankpooled vehicle sponsorn
- D• E• S••• • C••• L•••investment adviserbankpooled vehicle sponsoryRAUM $213B
- D• E• S••• A•••••• I•• L•••••investment adviserbankn
- D• E• S••• A•••••• I••• L•••••investment adviserbankn
- D• E• S••• A••••••• L•••••investment adviserbankn
- D• E• S••• A••••• A•••••• V•• L•••••investment adviserbankn
- D• E• S••• A••••• G•••••• P•••••• I•• L•••••pooled vehicle sponsorn
- D• E• S••• A••••• G•••••• P•••••• I••• L•••••pooled vehicle sponsorn
- D• E• S••• A••••• G•••••• P•••••• I•• L•••••bankpooled vehicle sponsorn
- D• E• S••• A••••• G•••••• P•••••• V• L•••••bankpooled vehicle sponsorn
- D• E• S••• A••••• G•••••• P•••••• V•• L•••••bankpooled vehicle sponsorn
- D• E• S••• A••••• H••••••• V•• L•••••pooled vehicle sponsorn
- D• E• S••• A••••• M•••••• V•• L•••••bankpooled vehicle sponsorn
- D• E• S••• A•• C•••••• G••••• A•••• E•••••••• C••••• F••• G•• L•••••pooled vehicle sponsorn
- D• E• S••• A•• C•••••• G••••• A•••• P••• S•••••• F••• G•• L•••••pooled vehicle sponsorn
- D• E• S••• A•••••••• I••••••••• F••• G•• L•••••pooled vehicle sponsorn
- D• E• S••• C••• G•• L•••••pooled vehicle sponsorn
- D• E• S••• C•••••••• A••••••• L•••••investment adviserbankn
- D• E• S••• C•••••••• I••••••••• F••• G•• L•••••bankpooled vehicle sponsorn
- D• E• S••• C•••••••• M••••••• L•••••bankpooled vehicle sponsorn
- D• E• S••• D•••••• A••••••• L•••••investment adviserbankn
- D• E• S••• D•••••• G•••••• P••••••• L•••••bankpooled vehicle sponsorn
- D• E• S••• D•••••• M••••••• L•••••bankpooled vehicle sponsorn
- D• E• S••• D••••• C••••••• L•••••investment adviserpooled vehicle sponsornRAUM $89.1M
- D• E• S••• E•• A••••••• L•••••investment adviserbankn
- D• E• S••• E•• M••••••• L•••••bankpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- Greenwood Village, CO6 employees
What changed
consecutive filings, newest first
- Advisory employees · 28 to 32Feb 23, 2024 to Mar 29, 2024
- BD registered reps · 3 to 0Feb 23, 2024 to Mar 29, 2024
- Assets in custody · $283M to $209MFeb 23, 2024 to Mar 29, 2024
- Employees · 85 to 111Feb 23, 2024 to Mar 29, 2024
- Discretionary RAUM · $1.0B to $972MFeb 23, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $1.0B to $972MFeb 23, 2024 to Mar 29, 2024
- RAUM · $1.0B to $972MFeb 23, 2024 to Mar 29, 2024
- Advisory employees · 24 to 28Jun 14, 2022 to Mar 31, 2023
- BD registered reps · 4 to 3Jun 14, 2022 to Mar 31, 2023
- Assets in custody · $332M to $283MJun 14, 2022 to Mar 31, 2023
- Employees · 50 to 85Jun 14, 2022 to Mar 31, 2023
- Discretionary RAUM · $969M to $1.0BJun 14, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $969M to $1.0BJun 14, 2022 to Mar 31, 2023
- RAUM · $969M to $1.0BJun 14, 2022 to Mar 31, 2023
- Accounts · 11 to 12Mar 1, 2022 to Mar 31, 2022
- Pooled vehicle clients · 11 to 12Mar 1, 2022 to Mar 31, 2022
- Assets in custody · $286M to $332MMar 1, 2022 to Mar 31, 2022
- Employees · 52 to 50Mar 1, 2022 to Mar 31, 2022
- Discretionary RAUM · $786M to $969MMar 1, 2022 to Mar 31, 2022
- Pooled vehicle RAUM · $786M to $969MMar 1, 2022 to Mar 31, 2022
- RAUM · $786M to $969MMar 1, 2022 to Mar 31, 2022
- Private funds · 11 to 12Nov 15, 2021 to Mar 1, 2022
Signals
3 dated events
- D• E• S••• R•••••••• I••••••••• L••••• no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $971.7M)May 2, 2025 · Left the SEC roster · derived
- Aspen Renewable Investments, L.L.C. reported succeeding to the business of D• E• S••• R•••••••• I••••••••• L••••• (Form ADV Item 4)Feb 6, 2025 · Succession (Item 4) · fact
- D• E• S••• R•••••••• I••••••••• L••••• filed its initial SEC registration (Form ADV)Nov 15, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- D• E• S••• R•••••••• I••••••••• L••••• · Private Equityshared crd · organization
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