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••••••• I•••••••••

Asset manager (funds and pooled vehicles)Foster City, CaliforniaCRD 299402SEC 801-114344websiteIAPD
Legal name A••••••• I••••••••• P•••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Oct 27, 2018 · 12 filings
SEC status approved since Dec 3, 2018
RAUM
$1.7B
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
19
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$1.7B as of Mar 31, 2026
Mar 30, 2020$125M then
HNW client RAUM$0 as of Mar 28, 2024
Mar 30, 2020$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 30, 20200 then
Employees (5.A)19 as of Mar 31, 2026
Mar 30, 202019 then
Private funds4 as of Mar 31, 2026
Mar 30, 20202 then
RAUM +0.0% over the last fiscal year+43% 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
$213MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
13%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
+0.0%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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • 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$1.5B87%
  • Insurance companies$215M13%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
8reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.87 institutional_share=0.13 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
      Every departureEvery arrival
      Private funds
      4 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      N•• A••••••• B•••••• F•••• L•Private Equity Fund$829M26Mar 22, 2017
      A••••••• P••••• I••••••••• F••• L•••Private Equity Fund$180M275Apr 2, 2019
      A••••••• P••••• I••••••••• I••••••••• S••• L•••••no longer reportedPrivate Equity Fund$124M15Mar 30, 2020
      A••••••• P••••• I••••••••• P•••••• U• F•••• L•Private Equity Fund$16.8M12Mar 31, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • H••••••• J••• R•••••• B•••• · Managing Membercontrol
        since 08/2018 · owns 75% or more
      • O••••• K••••• E••••• · Chief Operating Officer And Chief Compliance Officercontrol
        since 08/2018 · owns less than 5%
      Related persons
      Schedule D 7.A
      Advisers that list A••••••• I••••••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • employee count surgeChange between filings · filing Mar 31, 2026
        employees (Item 5.A) moved from 10.0 to 19.0 (+90.0%) between the annual amendments of 2025-03-11 and 2026-03-31; the peer median change was 0.0% (1109 comparable advisers, 100.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,109) · 100% percentile
      How anomalies are measured
      What changed
      consecutive filings, newest first
      • Employees · 10 to 19
        Mar 11, 2025 to Mar 31, 2026
      • Private funds · 7 to 4
        Mar 11, 2025 to Mar 31, 2026
      • Related adviser · true to false
        Mar 11, 2025 to Mar 31, 2026
      • Accounts · 5 to 8
        Mar 28, 2024 to Mar 11, 2025
      • Pooled vehicle clients · 4 to 7
        Mar 28, 2024 to Mar 11, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 11, 2025
      • Private funds · 3 to 7
        Mar 28, 2024 to Mar 11, 2025
      • Discretionary RAUM · $1.6B to $1.7B
        Mar 28, 2024 to Mar 11, 2025
      • HNW RAUM · 0.0 to unset
        Mar 28, 2024 to Mar 11, 2025
      • Individual RAUM · 0.0 to unset
        Mar 28, 2024 to Mar 11, 2025
      • Pension RAUM · 0.0 to unset
        Mar 28, 2024 to Mar 11, 2025
      • Pooled vehicle RAUM · $1.3B to $1.5B
        Mar 28, 2024 to Mar 11, 2025
      • RAUM · $1.6B to $1.7B
        Mar 28, 2024 to Mar 11, 2025
      • Discretionary RAUM · $1.6B to $1.6B
        Dec 14, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $1.3B to $1.3B
        Dec 14, 2023 to Mar 28, 2024
      • RAUM · $1.6B to $1.6B
        Dec 14, 2023 to Mar 28, 2024
      • Accounts · 3 to 5
        Mar 30, 2023 to Dec 14, 2023
      • Pooled vehicle clients · 2 to 4
        Mar 30, 2023 to Dec 14, 2023
      • Private funds · 2 to 3
        Mar 30, 2023 to Dec 14, 2023
      • Discretionary RAUM · $578M to $1.6B
        Mar 30, 2023 to Dec 14, 2023
      • Pooled vehicle RAUM · $362M to $1.3B
        Mar 30, 2023 to Dec 14, 2023
      • RAUM · $578M to $1.6B
        Mar 30, 2023 to Dec 14, 2023
      • Discretionary RAUM · $250M to $578M
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $106M to $362M
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $250M to $578M
        Mar 31, 2022 to Mar 30, 2023
      • Employees · 12 to 10
        Mar 31, 2021 to Mar 31, 2022
      • Discretionary RAUM · $169M to $250M
        Mar 31, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $45.5M to $106M
        Mar 31, 2021 to Mar 31, 2022
      • RAUM · $169M to $250M
        Mar 31, 2021 to Mar 31, 2022
      • Advisory employees · 10 to 7
        Jul 2, 2020 to Mar 31, 2021
      • Assets in custody · 0.0 to unset
        Jul 2, 2020 to Mar 31, 2021
      • Employees · 19 to 12
        Jul 2, 2020 to Mar 31, 2021
      • Discretionary RAUM · $148M to $169M
        Jul 2, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $25.0M to $45.5M
        Jul 2, 2020 to Mar 31, 2021
      • RAUM · $148M to $169M
        Jul 2, 2020 to Mar 31, 2021
      • Discretionary RAUM · $125M to $148M
        Mar 30, 2020 to Jul 2, 2020
      • Pooled vehicle RAUM · $25.0M to $25.0M
        Mar 30, 2020 to Jul 2, 2020
      • RAUM · $125M to $148M
        Mar 30, 2020 to Jul 2, 2020
      • Accounts · 2 to 3
        Apr 2, 2019 to Mar 30, 2020
      • Advisory employees · 11 to 10
        Apr 2, 2019 to Mar 30, 2020
      Signals
      3 dated events
      • A••••••• I••••••••• reported RAUM $1.6B, up 169% from $577.7M (2023-03-30 to 2023-12-14)
        Dec 14, 2023 · RAUM change · derived
      • A••••••• I••••••••• reported RAUM $577.7M, up 131% from $250.1M (2022-03-31 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • A••••••• I••••••••• filed its initial SEC registration (Form ADV)
        Oct 27, 2018 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/american-infrastructure-partners/aboutreportedpublic record, Form ADV, Sep 18, 2026
      Website
      a•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      650-854-6000reportedpublic 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