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.
SEC-registered adviser
Pleasant Lake Partners LLC
Latest filing Aug 28, 2026
First filing on the tape Jun 30, 2023 · 5 filings
SEC status approved since Jul 28, 2023
RAUM
$2.1B
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
14 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$2.1B as of Aug 28, 2026
Mar 28, 2024$1.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 28, 2026
Mar 28, 20240 then
Employees (5.A)19 as of Aug 28, 2026
Mar 28, 20247 then
Private funds6 as of Aug 28, 2026
Mar 28, 20243 then
RAUM +27% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Aug 28, 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
- $187MderivedRAUM 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
- +27%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
- $1.5B, 5 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$2.1B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 11reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.5B for 5 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
4 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Pleasant Lake Onshore Feeder Fund LP | Hedge Fund | $1.2B | 104 | Mar 30, 2022 |
| Plp Drawdown, LP | Hedge Fund | $21.7M | 2 | Mar 30, 2023 |
| Plp Funds Concentrated LPno longer reported | Hedge Fund | $14.9M | 14 | Mar 30, 2022 |
| Cassini Partners, L.P. - Pleasant Lake Partners, LLC Series | Hedge Fund | $12.5M | 2 | Mar 30, 2023 |
Owners and control persons
Schedule A and B, latest filing
- Charles Benjamin Cable · Chief Operating Officer & Chief Compliance Officercontrolsince 01/2022 · owns less than 5%
- Patrick Jonathan Lennon · Ceo & Portfolio Managercontrolsince 08/2012 · owns less than 5%
- Patrick Jonathan Lennon · Managing Membercontrolsince 12/2022 · owns 75% or more of Fund 1 Investments, LLC
Entity owners
- Fund 1 Investments, LLC · Managing Member Of Pleasant Lake Partners, LLCdirect · owns 75% or more
Related persons
Schedule D 7.A
- Pleasant Lake Onshore Gp LLCbankpooled vehicle sponsorn
- Plp Drawdown Gp, LLCbankpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- private fund count surgeChange between filings · filing Mar 31, 2026private funds (Schedule D 7.B.1) moved from 4.0 to 6.0 (+50.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was 0.0% (1022 comparable advisers, 93.0th percentile of changes)peers: asset managers, $1B to $5B (1,022) · 93% percentile
What changed
consecutive filings, newest first
- Accounts · 6 to 11Mar 28, 2025 to Mar 31, 2026
- Advisory employees · 4 to 14Mar 28, 2025 to Mar 31, 2026
- Pooled vehicle clients · 6 to 11Mar 28, 2025 to Mar 31, 2026
- Assets in custody · $1.6B to $1.5BMar 28, 2025 to Mar 31, 2026
- Employees · 8 to 19Mar 28, 2025 to Mar 31, 2026
- Private funds · 4 to 6Mar 28, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.6B to $2.1BMar 28, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $5.1M to $5.1MMar 28, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $1.6B to $2.1BMar 28, 2025 to Mar 31, 2026
- RAUM · $1.6B to $2.1BMar 28, 2025 to Mar 31, 2026
- Accounts · 5 to 6Mar 28, 2024 to Mar 28, 2025
- Advisory employees · 5 to 4Mar 28, 2024 to Mar 28, 2025
- Pooled vehicle clients · 5 to 6Mar 28, 2024 to Mar 28, 2025
- Assets in custody · $1.2B to $1.6BMar 28, 2024 to Mar 28, 2025
- Employees · 7 to 8Mar 28, 2024 to Mar 28, 2025
- Financial planning clients · unset to Mar 28, 2024 to Mar 28, 2025
- Private funds · 3 to 4Mar 28, 2024 to Mar 28, 2025
- Discretionary RAUM · $1.3B to $1.6BMar 28, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $0 to $5.1MMar 28, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $1.3B to $1.6BMar 28, 2024 to Mar 28, 2025
- RAUM · $1.3B to $1.6BMar 28, 2024 to Mar 28, 2025
- Accounts · 3 to 5Jun 30, 2023 to Mar 28, 2024
- Advisory employees · 4 to 5Jun 30, 2023 to Mar 28, 2024
- Pooled vehicle clients · 3 to 5Jun 30, 2023 to Mar 28, 2024
- Assets in custody · $750M to $1.2BJun 30, 2023 to Mar 28, 2024
- Employees · 5 to 7Jun 30, 2023 to Mar 28, 2024
- Private funds · 6 to 3Jun 30, 2023 to Mar 28, 2024
- Discretionary RAUM · $763M to $1.3BJun 30, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $763M to $1.3BJun 30, 2023 to Mar 28, 2024
- RAUM · $763M to $1.3BJun 30, 2023 to Mar 28, 2024
Signals
4 dated events
- Pleasant Lake Partners Llc reported RAUM $2.1B, up 27% from $1.6B (2025-03-28 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Pleasant Lake Partners Llc reported RAUM $1.6B, up 27% from $1.3B (2024-03-28 to 2025-03-28)Mar 28, 2025 · RAUM change · derived
- Pleasant Lake Partners Llc reported RAUM $1.3B, up 66% from $763.1M (2023-06-30 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- Pleasant Lake Partners Llc filed its initial SEC registration (Form ADV)Jun 30, 2023 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Pleasant Lake Partners LLC · Independent Sponsorsshared crd · capital_provider
- Pleasant Lake Partners LLC · Private Equityshared crd · organization
- Pleasant Lake Partners LLC · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- PLPFUNDS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 804-363-4458reportedpublic record, Form ADV, Aug 28, 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