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Former SEC-registered adviser

A•••••••• A•••• C•••••• P••••••• L•

Former SEC-registered adviserSan Francisco, CaliforniaCRD 297816SEC 801-115161IAPD
Latest filing Mar 17, 2025
First filing on the tape Mar 29, 2019 · 10 filings
SEC status approved since Apr 29, 2019
RAUM
$521M
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
6
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$521M as of Mar 17, 2025
Mar 30, 2020$528M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 17, 2025
Mar 30, 20200 then
Employees (5.A)6 as of Mar 17, 2025
Mar 30, 20204 then
Private funds2 as of Mar 17, 2025
Mar 30, 20201 then
RAUM -4.0% over the last fiscal year-11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 17, 2025; 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
$130MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
5.7%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
-4.0%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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$492M94%
  • Charitable organizations$29.7M5.7%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
1reported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, 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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A•••••••• A•••• C•••••• L•Hedge Fund$370M49Jun 29, 2018
      A•••••••• A•••• E••••••• L••• L•Hedge Fund$132M27Mar 23, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• A••••••• P•• · Chairman; Limited Partnercontrol
        since 06/2018 · owns 10% to 25%
      • M••••••• R•••• S••••••••• · Managing Partner; Limited Partnercontrol
        since 06/2018 · owns 50% to 75%
      • W••••• J•••••• G••••• · Chief Financial Officercontrol
        since 05/2021 · owns less than 5%
      • M••••••• R•••• S••••••••• · Managercontrol
        since 06/2018 · owns 75% or more of A•••••••• A•••• C•••••• P••••••• L••
      Entity owners
      • A•••••••• A•••• C•••••• P••••••• L•• · General Partner
        direct · owns less than 5%
      • B•••••• 2••• E••••• F••••• T•••• · Limited Partner
        direct · owns 10% to 25%
      • F•••• R••••••• T•••• C•••••• O• D•••••••• L•• · Trustee
        indirect · owns F of B•••••• 2••• E••••• F••••• T••••
      Related persons
      Schedule D 7.A
      • A•••••••• A•••• C•••••• G• L••
        bankpooled vehicle sponsorn
      Advisers that list A•••••••• A•••• C•••••• P••••••• L• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Employees · 7 to 6
        Mar 25, 2024 to Mar 17, 2025
      • Financial planning clients · unset to
        Mar 25, 2024 to Mar 17, 2025
      • Discretionary RAUM · $543M to $521M
        Mar 25, 2024 to Mar 17, 2025
      • Pooled vehicle RAUM · $502M to $492M
        Mar 25, 2024 to Mar 17, 2025
      • RAUM · $543M to $521M
        Mar 25, 2024 to Mar 17, 2025
      • Advisory employees · 7 to 5
        Mar 28, 2023 to Mar 25, 2024
      • Employees · 8 to 7
        Mar 28, 2023 to Mar 25, 2024
      • Discretionary RAUM · $493M to $543M
        Mar 28, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $460M to $502M
        Mar 28, 2023 to Mar 25, 2024
      • RAUM · $493M to $543M
        Mar 28, 2023 to Mar 25, 2024
      • Discretionary RAUM · $742M to $493M
        Mar 31, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $699M to $460M
        Mar 31, 2022 to Mar 28, 2023
      • RAUM · $742M to $493M
        Mar 31, 2022 to Mar 28, 2023
      • Accounts · 1 to 4
        Aug 2, 2021 to Mar 23, 2022
      • Advisory employees · 5 to 7
        Aug 2, 2021 to Mar 23, 2022
      • Advisory activities · 1 to 2
        Aug 2, 2021 to Mar 23, 2022
      • Charity clients · unset to 1.0
        Aug 2, 2021 to Mar 23, 2022
      • Pooled vehicle clients · 1 to 3
        Aug 2, 2021 to Mar 23, 2022
      • Employees · 6 to 8
        Aug 2, 2021 to Mar 23, 2022
      • Private funds · 1 to 2
        Aug 2, 2021 to Mar 23, 2022
      • Discretionary RAUM · $537M to $742M
        Aug 2, 2021 to Mar 23, 2022
      • Pooled vehicle RAUM · $537M to $699M
        Aug 2, 2021 to Mar 23, 2022
      • RAUM · $537M to $742M
        Aug 2, 2021 to Mar 23, 2022
      • Advisory employees · 2 to 5
        Mar 30, 2020 to Mar 26, 2021
      • Employees · 4 to 6
        Mar 30, 2020 to Mar 26, 2021
      • Discretionary RAUM · $528M to $537M
        Mar 30, 2020 to Mar 26, 2021
      • Pooled vehicle RAUM · $528M to $537M
        Mar 30, 2020 to Mar 26, 2021
      • RAUM · $528M to $537M
        Mar 30, 2020 to Mar 26, 2021
      • Employees · 2 to 4
        May 24, 2019 to Mar 30, 2020
      • Discretionary RAUM · $196M to $528M
        May 24, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $196M to $528M
        May 24, 2019 to Mar 30, 2020
      • RAUM · $196M to $528M
        May 24, 2019 to Mar 30, 2020
      • Related adviser · true to false
        May 24, 2019 to Mar 30, 2020
      • Private funds · 2 to 1
        Mar 29, 2019 to May 24, 2019
      Signals
      6 dated events
      • ••• Locked
        Feb 2, 2026 · Left the SEC roster · derived
      • ••• Locked
        Mar 28, 2023 · RAUM change · derived
      • ••• Locked
        Mar 23, 2022 · RAUM change · derived
      • ••• Locked
        Aug 2, 2021 · Control person joined · fact
      • ••• Locked
        Mar 30, 2020 · RAUM change · derived
      • ••• Locked
        Mar 29, 2019 · ria f•••• adv filing · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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