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
D••••••••• P••••••• L•
Latest filing May 11, 2026
First filing on the tape Jan 17, 2020 · 14 filings
SEC status approved since Feb 18, 2020
RAUM
$2.0B
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
37
19 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
64
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$2.0B as of May 11, 2026
Mar 30, 2021$988M then
HNW client RAUM$0 as of May 11, 2026
Mar 30, 2021$0 then
State-registered IARs (5.B.3)0 as of May 11, 2026
Mar 30, 20210 then
Employees (5.A)37 as of May 11, 2026
Mar 30, 202121 then
Private funds64 as of May 11, 2026
Mar 30, 202166 then
RAUM -8.9% over the last fiscal year-3.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 11, 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
- $31.5MderivedRAUM 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
- -8.9%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
- $1.5B, 21 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)
- 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$2.0B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 64reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.5B for 21 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
99 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| D••••••••• P••••••• O••••••••• I• L• | Private Equity Fund | $470M | 33 | Jan 17, 2020 |
| D••••••••• P••••••• O••••••••• I••• C•••••••• L• | Private Equity Fund | $240M | 21 | Mar 30, 2021 |
| D••••••••• P••••••• O••••••••• I• C•••••••• L• | Private Equity Fund | $149M | 12 | Mar 30, 2021 |
| D••••••••• C•••••• P• S•• X•••• L•• | Private Equity Fund | $144M | 17 | Mar 30, 2021 |
| D••••••••• P••••••• R••• E••••• F••• I• L• | Real Estate Fund | $139M | 118 | Mar 31, 2022 |
| D••••••••• C•••••• P• S•• I•• L•• | Private Equity Fund | $101M | 8 | Jan 17, 2020 |
| D••••••••• P••••••• O••••••••• V• L• | Private Equity Fund | $99.9M | 5 | Mar 30, 2023 |
| D••••••••• C•••••• P• S•• X•• L•• | Private Equity Fund | $80.7M | 2 | Mar 30, 2021 |
| D••••••••• C•••••• P• S•• I• L•• | Private Equity Fund | $72.7M | 7 | Jan 17, 2020 |
| D••••••••• C•••••• P• S•• X•• L•• | Private Equity Fund | $56.8M | 18 | Mar 30, 2021 |
| D••••••••• C•••••• P• S•• X••• L•• | Private Equity Fund | $54.0M | 1 | Mar 31, 2022 |
| D••••••••• P••••••• O••••••••• V• •• L• | Private Equity Fund | $52.8M | 2 | Mar 30, 2023 |
| D••••••••• P••••••• O••••••••• V• ••••••••• L• | Private Equity Fund | $52.5M | 2 | Mar 30, 2023 |
| D••••••••• P••••••• O••••••••• V• •••••••• L•• | Private Equity Fund | $50.4M | 2 | Mar 30, 2023 |
| D••••••••• C•••••• S•• L•• | Private Equity Fund | $45.8M | 6 | Jan 17, 2020 |
| D••••••••• P••••••• O• F••• I• L• | Real Estate Fund | $41.1M | 46 | Mar 31, 2022 |
| D••••••••• C•••••• P• S•• X••• L•• | Private Equity Fund | $40.8M | 1 | Mar 31, 2022 |
| D••••••••• C•••••• F••• S•• I•• L••no longer reported | Private Equity Fund | $38.6M | 6 | Jan 17, 2020 |
| D••••••••• P••••••• O• F••• I• L• | Real Estate Fund | $32.8M | 30 | Jan 17, 2020 |
| D••••••••• C•••••• P• S•• X••• L•• | Private Equity Fund | $31.3M | 16 | Mar 30, 2021 |
| D••••••••• C•••••• P• S•• X•••• L•• | Private Equity Fund | $30.0M | 1 | Mar 31, 2022 |
| D••••••••• C•••••• P• S•• X••• L•• | Private Equity Fund | $27.2M | 16 | Mar 31, 2022 |
| D••••••••• C•••••• P• S•• X••••• L•• | Private Equity Fund | $26.3M | 1 | Mar 30, 2021 |
| D••••••••• C•••••• P• S•• X••• L•• | Private Equity Fund | $25.9M | 1 | Mar 31, 2022 |
| D••••••••• C•••••• P• S•• X•••• L•• | Private Equity Fund | $23.6M | 1 | Mar 31, 2022 |
| D••••••••• C•••••• P• S•• X••• L•• | Private Equity Fund | $21.9M | 1 | Mar 31, 2022 |
| D••••••••• C•••••• P• S•• X• L•• | Private Equity Fund | $21.6M | 13 | Jan 17, 2020 |
| D••••••••• C•••••• P• S•• X• L•• | Private Equity Fund | $19.3M | 10 | Jan 17, 2020 |
| D••••••••• C•••••• P• S•• X••• L•• | Private Equity Fund | $16.6M | 1 | Mar 31, 2022 |
| D••••••••• C•••••• P• S•• I• L•• | Private Equity Fund | $16.5M | 8 | Jan 17, 2020 |
| D••••••••• C•••••• P• S•• X•• L••no longer reported | Real Estate Fund | $15.7M | 14 | Jan 17, 2020 |
| D••••••••• C•••••• P• S•• X••• L•• | Private Equity Fund | $15.6M | 17 | Mar 30, 2021 |
| D••••••••• C•••••• P• S•• X•••• L•• | Private Equity Fund | $14.0M | 1 | Mar 31, 2022 |
| D••••••••• C•••••• P• S•• X••• L•• | Private Equity Fund | $13.6M | 14 | Jan 17, 2020 |
| D••••••••• C•••••• F••• S•• V••• L•• | Private Equity Fund | $12.8M | 10 | Jan 17, 2020 |
| D••••••••• C•••••• P• S•• X• L•• | Private Equity Fund | $11.2M | 12 | Jan 17, 2020 |
| D••••••••• C•••••• P• S•• V• L•• | Private Equity Fund | $10.9M | 8 | Jan 17, 2020 |
| D••••••••• C•••••• P• S•• V• L•• | Private Equity Fund | $10.3M | 7 | Jan 17, 2020 |
| D••••••••• C•••••• P• S•• X••• L•• | Private Equity Fund | $10.0M | 1 | Mar 30, 2023 |
| D••••••••• C•••••• R• S•• X•• L•• | Real Estate Fund | $9.8M | 12 | Jan 17, 2020 |
Owners and control persons
Schedule A and B, latest filing
- B•••••• A•••••••• E•••••••• · Chief Compliance Officercontrolsince 01/2023 · owns less than 5%
- F••••• B••••• L•••• · Limited Partner / Managing Partnercontrolsince 06/2017 · owns 75% or more
- R•••• T•••• S•••••• · Limited Partnercontrolsince 01/2018 · owns 5% to 10%
- S•••••• A••••• B•••••• · Limited Partner/Chief Financial Officercontrolsince 05/2022 · owns less than 5%
- F••••• B••••• L•••• · Managing Membercontrolsince 06/2017 · owns 75% or more of D••••••••• P••••••• G• L••
- J••••••••• R••••• · Limited Partnersince 02/2018 · owns less than 5%
- S••••• B••••• S•••• · Limited Partnersince 02/2019 · owns 5% to 10%
- W•••••• E•••••• J•• · Limited Partnersince 02/2019 · owns less than 5%
Entity owners
- D••••••••• P••••••• G• L•• · General Partnerdirect · owns less than 5%
Related persons
Schedule D 7.A
- B•••••• H••••••• L•investment advisernRAUM $5.1B
- B•••••• L•investment advisern
- D••••••••• P••••••• O••••••••• I• G• L••pooled vehicle sponsorn
- D••••••••• P••••••• O••••••••• I• G• L••pooled vehicle sponsorn
- D••••••••• P••••••• O••••••••• I•• G• L••pooled vehicle sponsorn
- D••••••••• P••••••• O••••••••• I• G• L••pooled vehicle sponsorn
- D••••••••• P••••••• O••••••••• V• G• L••pooled vehicle sponsorn
- D••••••••• P••••••• O• F••• I• G• L•pooled vehicle sponsorn
- D••••••••• P••••••• O• F••• I• G• L•pooled vehicle sponsorn
- D••••••••• P••••••• R••• E••••• F••• I• G• L•pooled vehicle sponsorn
- D••••••••• P••••••• R••• E••••• F••• I• G• L•pooled vehicle sponsorn
Advisers that list D••••••••• P••••••• L• as a related person
- 311154 n
Offices
Schedule D 1.F, the 25 largest
- Bethesda, MD6 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- many private funds relative to firm sizeStatic outlier · filing May 11, 2026private funds per $1B of RAUM of 31.8 against a peer median of 4.3 (953 comparable advisers, 99.0th percentile, 8.8 robust deviations)peers: asset managers, $1B to $5B (953) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 77 to 64May 5, 2025 to Mar 30, 2026
- Advisory employees · 18 to 19May 5, 2025 to Mar 30, 2026
- Pooled vehicle clients · 77 to 64May 5, 2025 to Mar 30, 2026
- Assets in custody · $0 to $1.5BMay 5, 2025 to Mar 30, 2026
- Employees · 34 to 37May 5, 2025 to Mar 30, 2026
- Private funds · 77 to 64May 5, 2025 to Mar 30, 2026
- Discretionary RAUM · $2.2B to $2.0BMay 5, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $2.2B to $2.0BMay 5, 2025 to Mar 30, 2026
- RAUM · $2.2B to $2.0BMay 5, 2025 to Mar 30, 2026
- Financial planning clients · unset to Mar 31, 2025 to May 5, 2025
- Advisory employees · 15 to 18Mar 29, 2024 to Mar 31, 2025
- Employees · 33 to 34Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $2.2B to $2.2BMar 29, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $2.2B to $2.2BMar 29, 2024 to Mar 31, 2025
- RAUM · $2.2B to $2.2BMar 29, 2024 to Mar 31, 2025
- Accounts · 83 to 77Jan 4, 2024 to Mar 29, 2024
- Advisory employees · 25 to 15Jan 4, 2024 to Mar 29, 2024
- Pooled vehicle clients · 83 to 77Jan 4, 2024 to Mar 29, 2024
- Employees · 29 to 33Jan 4, 2024 to Mar 29, 2024
- Private funds · 83 to 77Jan 4, 2024 to Mar 29, 2024
- Discretionary RAUM · $2.2B to $2.2BJan 4, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $2.2B to $2.2BJan 4, 2024 to Mar 29, 2024
- RAUM · $2.2B to $2.2BJan 4, 2024 to Mar 29, 2024
- Accounts · 85 to 83May 19, 2022 to Mar 30, 2023
- Pooled vehicle clients · 85 to 83May 19, 2022 to Mar 30, 2023
- Employees · 30 to 29May 19, 2022 to Mar 30, 2023
- Discretionary RAUM · $2.5B to $2.2BMay 19, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $2.5B to $2.2BMay 19, 2022 to Mar 30, 2023
- RAUM · $2.5B to $2.2BMay 19, 2022 to Mar 30, 2023
- Accounts · 66 to 85Mar 30, 2021 to Mar 31, 2022
- Advisory employees · 17 to 25Mar 30, 2021 to Mar 31, 2022
- Pooled vehicle clients · 66 to 85Mar 30, 2021 to Mar 31, 2022
- Employees · 21 to 30Mar 30, 2021 to Mar 31, 2022
- Private funds · 66 to 83Mar 30, 2021 to Mar 31, 2022
- Discretionary RAUM · $988M to $2.5BMar 30, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $988M to $2.5BMar 30, 2021 to Mar 31, 2022
- RAUM · $988M to $2.5BMar 30, 2021 to Mar 31, 2022
- Accounts · 47 to 66Jul 9, 2020 to Mar 30, 2021
- Advisory employees · 15 to 17Jul 9, 2020 to Mar 30, 2021
- Pooled vehicle clients · 47 to 66Jul 9, 2020 to Mar 30, 2021
Signals
6 dated events
- E•••••••• A••••••• B••••• (Chief Compliance Officer) appeared on Schedule A of D••••••••• P••••••• L•Jan 2, 2024 · Control person joined · fact
- Alexander Leigh Rovzar (Limited Partner, General Counsel, Chief Compliance Officer) no longer on Schedule A of D••••••••• P••••••• L• (listed 2023-05-22, absent 2024-01-02)Jan 2, 2024 · Control person left · inference
- Budnick Annie Sloyer (Chief Financial Officer) appeared on Schedule A of D••••••••• P••••••• L•May 19, 2022 · Control person joined · fact
- D••••••••• P••••••• L• reported RAUM $2.5B, up 149% from $988.2M (2021-03-30 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- D••••••••• P••••••• L• reported RAUM $988.2M, up 74% from $568.2M (2020-07-09 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- D••••••••• P••••••• L• filed its initial SEC registration (Form ADV)Jan 17, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- D••••••••• P••••••• L• · Independent Sponsorsshared crd · capital_provider
- D••••••••• P••••••• L• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/the-declarations-podcastreportedpublic record, Form ADV, Sep 18, 2026
- Firm profile
- linkedin.com/company/declaration-partners/aboutreportedpublic record, Form ADV, Sep 18, 2026
- Website
- declarationpartners.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 212-321-4030reportedpublic record, Form ADV, May 11, 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
D••••••••• P••••••• 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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