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
V•••••• E••••• A•••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Mar 28, 2020 · 12 filings
SEC status approved since Apr 27, 2020
RAUM
$338M
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
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$338M as of Mar 31, 2026
Mar 11, 2021$340M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 11, 20210 then
Employees (5.A)3 as of Mar 31, 2026
Mar 11, 20215 then
Private funds2 as of Mar 31, 2026
Mar 11, 20212 then
RAUM +21% over the last fiscal year-14% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
- $169MderivedRAUM 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
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +21%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
- 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)
- 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$338M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 2reported
- Financial planning clients
- reported
- 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
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| V•••••• E••••• I•• L• | Private Equity Fund | $228M | 4 | Mar 28, 2020 |
| V•••••• E••••• I• L• | Private Equity Fund | $180M | 4 | Jul 2, 2018 |
Owners and control persons
Schedule A and B, latest filing
- C••••••••• F••••••• D•••• · Managing Member And Chief Compliance Officercontrolsince 08/2017 · owns less than 5%
- C••••••••• F••••••• D•••• · Membercontrolsince 01/2022 · owns 75% or more of V•••••• E••••• H•••••••• L••
Entity owners
- V•••••• E••••• H•••••••• L•• · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- V•••••• E••••• G• I• L••pooled vehicle sponsorn
- V•••••• E••••• G• I•• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Discretionary RAUM · $279M to $338MMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $279M to $338MMar 31, 2025 to Mar 31, 2026
- RAUM · $279M to $338MMar 31, 2025 to Mar 31, 2026
- Advisory employees · 2 to 3Mar 28, 2024 to Mar 31, 2025
- Employees · 2 to 3Mar 28, 2024 to Mar 31, 2025
- Financial planning clients · unset to Mar 28, 2024 to Mar 31, 2025
- Discretionary RAUM · $408M to $279MMar 28, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $408M to $279MMar 28, 2024 to Mar 31, 2025
- RAUM · $408M to $279MMar 28, 2024 to Mar 31, 2025
- Advisory employees · 5 to 2Apr 28, 2023 to Mar 28, 2024
- Employees · 5 to 2Apr 28, 2023 to Mar 28, 2024
- Discretionary RAUM · $537M to $408MApr 28, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $537M to $408MApr 28, 2023 to Mar 28, 2024
- RAUM · $537M to $408MApr 28, 2023 to Mar 28, 2024
- Advisory employees · 4 to 5Apr 29, 2022 to Mar 29, 2023
- Employees · 4 to 5Apr 29, 2022 to Mar 29, 2023
- Discretionary RAUM · $533M to $537MApr 29, 2022 to Mar 29, 2023
- Pooled vehicle RAUM · $533M to $537MApr 29, 2022 to Mar 29, 2023
- RAUM · $533M to $537MApr 29, 2022 to Mar 29, 2023
- Discretionary RAUM · $340M to $533MJul 16, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $340M to $533MJul 16, 2021 to Mar 31, 2022
- RAUM · $340M to $533MJul 16, 2021 to Mar 31, 2022
- Advisory employees · 5 to 4Apr 27, 2021 to Jul 16, 2021
- Employees · 5 to 4Apr 27, 2021 to Jul 16, 2021
- Assets in custody · $493M to $0Jun 8, 2020 to Mar 11, 2021
- Discretionary RAUM · $493M to $340MJun 8, 2020 to Mar 11, 2021
- Pooled vehicle RAUM · $493M to $340MJun 8, 2020 to Mar 11, 2021
- RAUM · $493M to $340MJun 8, 2020 to Mar 11, 2021
- Private funds · 4 to 2Mar 28, 2020 to Jun 8, 2020
Signals
5 dated events
- V•••••• E••••• A•••••••• L•• reported RAUM $279.5M, down 31% from $407.7M (2024-03-28 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- V•••••• E••••• A•••••••• L•• reported RAUM $533.4M, up 57% from $340.5M (2021-07-16 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- C•••• I•••••• (Chief Compliance Officer) no longer on Schedule A of V•••••• E••••• A•••••••• L•• (listed 2021-04-27, absent 2021-07-16)Jul 16, 2021 · Control person left · inference
- V•••••• E••••• A•••••••• L•• reported RAUM $340.5M, down 31% from $493.1M (2020-06-08 to 2021-03-11)Mar 11, 2021 · RAUM change · derived
- V•••••• E••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Mar 28, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- V•••••• E••••• A•••••••• L•• · Independent Sponsorsshared crd · capital_provider
- V•••••• E••••• A•••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/variant-equity/about/?viewAsMember=truereportedpublic record, Form ADV, Sep 19, 2026
- Website
- V••••••EQUITY.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- (310) 467- 4700reportedpublic record, Form ADV, Mar 31, 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