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
N••• I••••••••• M••••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Sep 19, 2019 · 15 filings
SEC status approved since Oct 21, 2019
RAUM
$1.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$1.8B
derived; firm RAUM over IAPD count
Employees
19
17 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
10
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$1.8B as of Mar 30, 2026
Mar 30, 2020$159M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 30, 20200 then
Employees (5.A)19 as of Mar 30, 2026
Mar 30, 202010 then
Private funds10 as of Mar 30, 2026
Mar 30, 20203 then
RAUM +69% over the last fiscal year+39% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $1.8BderivedRAUM 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
- $181MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 19.0derivedItem 5.A over advisors
- Advisors per office
- 0.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +69%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
- 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)
- 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$1.8B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 10reported
- 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=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| E••• L••••••• L••••• | The Woodlands, Tx | Aug 11, 2021 | 10 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
5 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| N••• I••••••••• F••• I• L••• | Private Equity Fund | $343M | 27 | Sep 19, 2019 |
| N••• I••••••••• F••• I• ••••••••• S••• | Private Equity Fund | $71.8M | 6 | Feb 18, 2020 |
| N••• I••••••••• F••• I• •••••••• L••• | Private Equity Fund | $67.8M | 4 | Sep 19, 2019 |
| N••••••••• H•••••• L•• | Private Equity Fund | $6.0M | 5 | Mar 31, 2023 |
| N••••••••• H••••• L•• | Private Equity Fund | $1.4M | 2 | Mar 29, 2024 |
Owners and control persons
Schedule A and B, latest filing
- B••••• C••••••••• R•• · Managing Partnercontrolsince 01/2018 · owns less than 5%
- G•••••••• M••••••• J•••• · Chief Compliance Officercontrolsince 02/2024 · owns less than 5%
- K•••••••• A••••••• F••• · Partner, Chief Risk Officercontrolsince 01/2018 · owns less than 5%
- T•••• D••••• A•• · Partner, Chief Financial Officercontrolsince 09/2018 · owns less than 5%
- B••••• C••••••••• R•• · Managercontrolsince 09/2018 · owns 50% to 75% of N••• I••••••••• C•••••• A•••••••• L••
- K•••••••• A••••••• F••• · Membercontrolsince 12/2022 · owns 25% to 50% of N••• I••••••••• C•••••• A•••••••• L••
Entity owners
- N••• I••••••••• H•••••••• L••• · Sole Memberdirect · owns 75% or more
- N••• I••••••••• C•••••• A•••••••• L•• · Limited Partnerindirect · owns 50% to 75% of N••• I••••••••• H•••••••• L•••
- N••• L• G•••••• P••••••• L•• · G•••••• Partnerindirect · owns F of N••• I••••••••• H•••••••• L•••
Related persons
Schedule D 7.A
- N••• I••••••••• G• I• S•••••••pooled vehicle sponsorn
- N••• I••••••••• G• I• L•••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 30, 2026RAUM (Item 5.F) moved from $1,073,113,078 to $1,811,845,115 (+69.0%) between the annual amendments of 2025-03-31 and 2026-03-30; the peer median change was +11.0% (1368 comparable advisers, 90.0th percentile of changes)peers: asset managers, $1B to $5B (1,368) · 90% percentile
What changed
consecutive filings, newest first
- Accounts · 7 to 10Mar 31, 2025 to Mar 30, 2026
- Advisory employees · 13 to 17Mar 31, 2025 to Mar 30, 2026
- Pooled vehicle clients · 7 to 10Mar 31, 2025 to Mar 30, 2026
- Employees · 15 to 19Mar 31, 2025 to Mar 30, 2026
- Private funds · 7 to 10Mar 31, 2025 to Mar 30, 2026
- Discretionary RAUM · $1.1B to $1.8BMar 31, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $1.1B to $1.8BMar 31, 2025 to Mar 30, 2026
- RAUM · $1.1B to $1.8BMar 31, 2025 to Mar 30, 2026
- Accounts · 5 to 7Jun 4, 2024 to Mar 31, 2025
- Advisory employees · 14 to 13Jun 4, 2024 to Mar 31, 2025
- BD registered reps · 1 to 0Jun 4, 2024 to Mar 31, 2025
- Pooled vehicle clients · 5 to 7Jun 4, 2024 to Mar 31, 2025
- Employees · 14 to 15Jun 4, 2024 to Mar 31, 2025
- Financial planning clients · unset to Jun 4, 2024 to Mar 31, 2025
- Private funds · 5 to 7Jun 4, 2024 to Mar 31, 2025
- Discretionary RAUM · $643M to $1.1BJun 4, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $643M to $1.1BJun 4, 2024 to Mar 31, 2025
- RAUM · $643M to $1.1BJun 4, 2024 to Mar 31, 2025
- Accounts · 4 to 5Mar 8, 2024 to Mar 29, 2024
- Advisory employees · 13 to 14Mar 8, 2024 to Mar 29, 2024
- BD registered reps · 0 to 1Mar 8, 2024 to Mar 29, 2024
- Pooled vehicle clients · 4 to 5Mar 8, 2024 to Mar 29, 2024
- Assets in custody · 569641911.0 to unsetMar 8, 2024 to Mar 29, 2024
- Custody of client assets · true to falseMar 8, 2024 to Mar 29, 2024
- Employees · 13 to 14Mar 8, 2024 to Mar 29, 2024
- Private funds · 4 to 5Mar 8, 2024 to Mar 29, 2024
- Discretionary RAUM · $668M to $643MMar 8, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $668M to $643MMar 8, 2024 to Mar 29, 2024
- RAUM · $668M to $643MMar 8, 2024 to Mar 29, 2024
- Accounts · 3 to 4Aug 12, 2022 to Mar 31, 2023
- Advisory employees · 10 to 13Aug 12, 2022 to Mar 31, 2023
- BD registered reps · 1 to 0Aug 12, 2022 to Mar 31, 2023
- Pooled vehicle clients · 3 to 4Aug 12, 2022 to Mar 31, 2023
- Assets in custody · $258M to $570MAug 12, 2022 to Mar 31, 2023
- Employees · 10 to 13Aug 12, 2022 to Mar 31, 2023
- Private funds · 3 to 4Aug 12, 2022 to Mar 31, 2023
- Discretionary RAUM · $361M to $668MAug 12, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $361M to $668MAug 12, 2022 to Mar 31, 2023
- RAUM · $361M to $668MAug 12, 2022 to Mar 31, 2023
- Advisory employees · 9 to 10Feb 16, 2022 to Mar 31, 2022
Signals
6 dated events
- N••• I••••••••• M••••••••• L•• reported RAUM $1.8B, up 69% from $1.1B (2025-03-31 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- N••• I••••••••• M••••••••• L•• reported RAUM $1.1B, up 67% from $642.6M (2024-06-04 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- James Michael Gruppuso (Chief Compliance Officer) appeared on Schedule A of N••• I••••••••• M••••••••• L••Mar 8, 2024 · Control person joined · fact
- N••• I••••••••• M••••••••• L•• reported RAUM $668.1M, up 85% from $361.0M (2022-08-12 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- N••• I••••••••• M••••••••• L•• reported RAUM $301.5M, up 89% from $159.4M (2021-03-31 to 2021-07-12)Jul 12, 2021 · RAUM change · derived
- N••• I••••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Sep 19, 2019 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- N••• I••••••••• M••••••••• L•• · Independent Sponsorsshared crd · capital_provider
- N••• I••••••••• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/novainfrastructurereportedpublic record, Form ADV, Sep 18, 2026
- Website
- novainfra.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 646-889-8100reportedpublic record, Form ADV, Mar 30, 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
- $1.8Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026