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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Former SEC-registered adviser
K••• L••• P• L••
Latest filing Mar 28, 2025
First filing on the tape Jun 29, 2021 · 10 filings
SEC status approved since Jul 29, 2021
RAUM
$471M
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
1
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$471M as of Mar 28, 2025
Mar 31, 2022$360M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 28, 2025
Mar 31, 20220 then
Employees (5.A)1 as of Mar 28, 2025
Mar 31, 20223 then
Private funds1 as of Mar 28, 2025
Mar 31, 20221 then
RAUM -5.2% over the last fiscal year+9.3% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 28, 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
- $471MderivedRAUM 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
- -5.2%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
- $281M, 1 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$471M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $281M for 1 clientsreported
- 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
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| K••• L••• P••••••• L• | Hedge Fund | $497M | 47 | Mar 4, 2019 |
Owners and control persons
Schedule A and B, latest filing
- N•••••• B••••••• · Managing Member & Ccocontrolsince 09/2018 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Assets in custody · $285M to $281MNov 15, 2024 to Mar 28, 2025
- Employees · 2 to 1Nov 15, 2024 to Mar 28, 2025
- Financial planning clients · unset to Nov 15, 2024 to Mar 28, 2025
- Discretionary RAUM · $497M to $471MNov 15, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $497M to $471MNov 15, 2024 to Mar 28, 2025
- RAUM · $497M to $471MNov 15, 2024 to Mar 28, 2025
- Succession · true to falseNov 15, 2024 to Mar 28, 2025
- Advisory employees · 5 to 1Sep 16, 2024 to Nov 15, 2024
- Business name · K••• L••• C•••••• L•• to K••• L••• P• L••Sep 16, 2024 to Nov 15, 2024
- Employees · 6 to 2Sep 16, 2024 to Nov 15, 2024
- HQ city · ANASCO to RINCONSep 16, 2024 to Nov 15, 2024
- Succession · false to trueSep 16, 2024 to Nov 15, 2024
- Assets in custody · unset to 285486605.0Aug 16, 2024 to Sep 16, 2024
- Custody of client assets · false to trueAug 16, 2024 to Sep 16, 2024
- HQ city · RENO to ANASCOJan 9, 2024 to Aug 16, 2024
- HQ state · NV to PRJan 9, 2024 to Aug 16, 2024
- Succession · false to trueJan 9, 2024 to Aug 16, 2024
- Legal name · K••• L••• C•••••• L•• to K••• L••• P• L••Aug 16, 2024 to Aug 16, 2024
- Succession · true to falseAug 16, 2024 to Aug 16, 2024
- Advisory employees · 4 to 5Mar 30, 2023 to Jan 9, 2024
- Assets in custody · 259395000.0 to unsetMar 30, 2023 to Jan 9, 2024
- Custody of client assets · true to falseMar 30, 2023 to Jan 9, 2024
- Employees · 4 to 6Mar 30, 2023 to Jan 9, 2024
- Discretionary RAUM · $413M to $497MMar 30, 2023 to Jan 9, 2024
- Pooled vehicle RAUM · $413M to $497MMar 30, 2023 to Jan 9, 2024
- RAUM · $413M to $497MMar 30, 2023 to Jan 9, 2024
- Advisory employees · 2 to 4Jun 24, 2022 to Mar 30, 2023
- Assets in custody · $217M to $259MJun 24, 2022 to Mar 30, 2023
- Employees · 3 to 4Jun 24, 2022 to Mar 30, 2023
- Discretionary RAUM · $360M to $413MJun 24, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $360M to $413MJun 24, 2022 to Mar 30, 2023
- RAUM · $360M to $413MJun 24, 2022 to Mar 30, 2023
- HQ city · MILL VALLEY to RENOMar 31, 2022 to Jun 24, 2022
- HQ state · CA to NVMar 31, 2022 to Jun 24, 2022
- Assets in custody · $185M to $217MJun 29, 2021 to Mar 31, 2022
- Employees · 2 to 3Jun 29, 2021 to Mar 31, 2022
- Private funds · 2 to 1Jun 29, 2021 to Mar 31, 2022
- Discretionary RAUM · $397M to $360MJun 29, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $397M to $360MJun 29, 2021 to Mar 31, 2022
- RAUM · $397M to $360MJun 29, 2021 to Mar 31, 2022
Signals
3 dated events
- K••• L••• P• L•• no longer on the SEC adviser roster (last listed 2026-02-02, RAUM $470.8M)Mar 2, 2026 · Left the SEC roster · derived
- K••• L••• C•••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Aug 16, 2024 · Succession (Item 4) · fact
- K••• L••• C•••••• L•• filed its initial SEC registration (Form ADV)Jun 29, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- K••• L••• P• L•• · Venture Capitalshared 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