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

B••••••• S•••••••• C•••••• P•••••••• L•

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 300562SEC 801-116694websiteIAPD
Latest filing Mar 17, 2026
First filing on the tape Apr 26, 2019 · 13 filings
SEC status approved since May 28, 2019
RAUM
$440M
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
3
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$440M as of Mar 17, 2026
Mar 4, 2020$194M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 17, 2026
Mar 4, 20200 then
Employees (5.A)6 as of Mar 17, 2026
Mar 4, 20205 then
Private funds3 as of Mar 17, 2026
Mar 4, 20202 then
RAUM -21% over the last fiscal year-8.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 17, 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
$55.1MderivedRAUM 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
$440M, 8 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)
  • 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$440M100%
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
$440M for 8 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=true 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
      3 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • R••••••••• G••••••• A•••••• · Chief Compliance Officer; Chief Operating Officercontrol
        since 08/2022 · owns less than 5%
      • S••••••••• S••••• C•••••• · Managing Partnercontrol
        since 04/2017 · owns less than 5%
      • S•••••••• M••••••• J••••• · Chief Financial Officercontrol
        since 05/2021 · owns less than 5%
      • S••••••••• S••••• C•••••• · Trusteecontrol
        since 07/2007 · owns F of S•••• C• S••••••••• R•••••••• T••••
      Entity owners
      • B••• G•• L•• · G•••••• Partner
        direct · owns less than 5%
      • S•••• C• S••••••••• R•••••••• T•••• · Limited Partner
        direct · owns 75% or more
      • S•••• C• S••••••••• R•••••••• T•••• · Managing Member
        indirect · owns 75% or more of B••• G•• L••
      Related persons
      Schedule D 7.A
      • B••••••• S•••••••• C•••••• G•••••• P••••••• L••
        investment adviserbankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $560M to $440M
        Oct 21, 2025 to Mar 17, 2026
      • Discretionary RAUM · $560M to $440M
        Oct 21, 2025 to Mar 17, 2026
      • Pooled vehicle RAUM · $560M to $440M
        Oct 21, 2025 to Mar 17, 2026
      • RAUM · $560M to $440M
        Oct 21, 2025 to Mar 17, 2026
      • Assets in custody · $529M to $560M
        Mar 20, 2024 to Mar 21, 2025
      • Financial planning clients · unset to
        Mar 20, 2024 to Mar 21, 2025
      • Discretionary RAUM · $529M to $560M
        Mar 20, 2024 to Mar 21, 2025
      • Pooled vehicle RAUM · $529M to $560M
        Mar 20, 2024 to Mar 21, 2025
      • RAUM · $529M to $560M
        Mar 20, 2024 to Mar 21, 2025
      • Assets in custody · $574M to $529M
        Mar 24, 2023 to Mar 20, 2024
      • Discretionary RAUM · $574M to $529M
        Mar 24, 2023 to Mar 20, 2024
      • Pooled vehicle RAUM · $574M to $529M
        Mar 24, 2023 to Mar 20, 2024
      • RAUM · $574M to $529M
        Mar 24, 2023 to Mar 20, 2024
      • Accounts · 5 to 8
        Aug 29, 2022 to Mar 24, 2023
      • Pooled vehicle clients · 5 to 8
        Aug 29, 2022 to Mar 24, 2023
      • Assets in custody · $347M to $574M
        Aug 29, 2022 to Mar 24, 2023
      • Private funds · 2 to 3
        Aug 29, 2022 to Mar 24, 2023
      • Discretionary RAUM · $347M to $574M
        Aug 29, 2022 to Mar 24, 2023
      • Pooled vehicle RAUM · $347M to $574M
        Aug 29, 2022 to Mar 24, 2023
      • RAUM · $347M to $574M
        Aug 29, 2022 to Mar 24, 2023
      • Assets in custody · $329M to $347M
        Jun 1, 2021 to Mar 8, 2022
      • Employees · 5 to 6
        Jun 1, 2021 to Mar 8, 2022
      • Discretionary RAUM · $329M to $347M
        Jun 1, 2021 to Mar 8, 2022
      • Pooled vehicle RAUM · $329M to $347M
        Jun 1, 2021 to Mar 8, 2022
      • RAUM · $329M to $347M
        Jun 1, 2021 to Mar 8, 2022
      • Assets in custody · $194M to $329M
        Jun 29, 2020 to Mar 15, 2021
      • Discretionary RAUM · $194M to $329M
        Jun 29, 2020 to Mar 15, 2021
      • Pooled vehicle RAUM · $194M to $329M
        Jun 29, 2020 to Mar 15, 2021
      • RAUM · $194M to $329M
        Jun 29, 2020 to Mar 15, 2021
      • Assets in custody · $176M to $194M
        Apr 26, 2019 to Mar 4, 2020
      • Discretionary RAUM · $176M to $194M
        Apr 26, 2019 to Mar 4, 2020
      • Pooled vehicle RAUM · $176M to $194M
        Apr 26, 2019 to Mar 4, 2020
      • RAUM · $176M to $194M
        Apr 26, 2019 to Mar 4, 2020
      Signals
      6 dated events
      • B••••••• S•••••••• C•••••• P•••••••• L• reported RAUM $574.3M, up 65% from $347.4M (2022-08-29 to 2023-03-24)
        Mar 24, 2023 · RAUM change · derived
      • Abraham Gregory Ramenofsky (Chief Compliance Officer; Chief Operating Officer) appeared on Schedule A of B••••••• S•••••••• C•••••• P•••••••• L•
        Aug 17, 2022 · Control person joined · fact
      • N John Pach (Coo, Cfo) no longer on Schedule A of B••••••• S•••••••• C•••••• P•••••••• L• (listed 2022-03-08, absent 2022-08-17)
        Aug 17, 2022 · Control person left · inference
      • Joseph Michael Sullivan (Chief Compliance Officer) appeared on Schedule A of B••••••• S•••••••• C•••••• P•••••••• L•
        Jun 1, 2021 · Control person joined · fact
      • B••••••• S•••••••• C•••••• P•••••••• L• reported RAUM $328.7M, up 70% from $193.8M (2020-06-29 to 2021-03-15)
        Mar 15, 2021 · RAUM change · derived
      • B••••••• S•••••••• C•••••• P•••••••• L• filed its initial SEC registration (Form ADV)
        Apr 26, 2019 · 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
      Website
      borealisstratcap.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      (312) 897-3474reportedpublic record, Form ADV, Mar 17, 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