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•• C•• M••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Nov 4, 2019 · 24 filings
SEC status approved since Dec 2, 2019
RAUM
$12B
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
241
110 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
22
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$12B as of Mar 31, 2026
Mar 27, 2020$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 27, 20200 then
Employees (5.A)241 as of Mar 31, 2026
Mar 27, 2020205 then
Private funds22 as of Mar 31, 2026
Mar 31, 20212 then
RAUM +66% over the last fiscal year+51% 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
- $556MderivedRAUM 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
- unknownderived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +66%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
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$12B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 22reported
- 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=true related_bank=true bd_reps=5.0derived
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
13 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| B•••••• S••••• P••••••• C•• X•••• L••• | Securitized Asset Fund | $550M | 2 | Oct 2, 2024 |
| B•••••• S••••• P••••••• C•• X•••••• L••• | Securitized Asset Fund | $510M | 2 | Nov 16, 2022 |
| B•••••• S••••• P••••••• C•• X•••• L••• | Securitized Asset Fund | $509M | 1 | Feb 3, 2022 |
| B•••••• S••••• P••••••• C•• X•••• L••• | Securitized Asset Fund | $508M | 2 | Jan 10, 2024 |
| B•••••• S••••• P••••••• C•• X•••• L••• | Securitized Asset Fund | $507M | 2 | Jan 4, 2023 |
| B•••••• S••••• P••••••• C•• X•••• L••• | Securitized Asset Fund | $505M | 1 | Feb 19, 2020 |
| B•••••• S••••• P••••••• C•• X•••••• L••• | Securitized Asset Fund | $501M | 2 | Oct 2, 2024 |
| B•••••• S••••• P••••••• C•• X••• L•• | Securitized Asset Fund | $458M | 1 | Jan 29, 2021 |
| B•••••• S••••• P••••••• C•• X••••• L••• | Securitized Asset Fund | $450M | 2 | Oct 2, 2024 |
| B•••••• S••••• P••••••• C•• X••• L••• | Securitized Asset Fund | $432M | 1 | Jan 10, 2024 |
| B•••••• S••••• P••••••• C•• X•••• L••• | Securitized Asset Fund | $410M | 1 | Jan 29, 2021 |
| B•••••• S••••• P••••••• C•• X•••• L••• | Securitized Asset Fund | $409M | 1 | Jun 21, 2022 |
| B•••••• S••••• P••••••• C•• X••••• L••• | Securitized Asset Fund | $407M | 6 | Aug 9, 2022 |
Owners and control persons
Schedule A and B, latest filing
- G••••• E•••••• N••••••• · Chief Compliance Officercontrolsince 04/2024 · owns less than 5%
- M••••••• D••••• J••••• · Chief Operating Officer, Investment Committee Managercontrolsince 03/2017 · owns less than 5%
- M•••••••• B••••• R•••• · Chief Financial Officercontrolsince 03/2017 · owns less than 5%
- P••••••• M••••••• E••••• · Investment Committee Membercontrolsince 03/2017 · owns less than 5%
- P••••••••• V••••••• F•••• · Investment Committee Membercontrolsince 03/2017 · owns less than 5%
Entity owners
- B•• C•• S•• I• M••••• F••• L• · Memberdirect · owns 75% or more
- B••••• F••••• L•••••• · L•••••• Partnerindirect · owns 75% or more of B•• C•• S•• I• L•
- B•• C•• S•• I• G•• L• · General Partnerindirect · owns F of B•• C•• S•• I• M••••• F••• L•
- B•• C•• S•• I• G•• L• · General Partnerindirect · owns F of B•• C•• S•• I• L•
- B•• C•• S•• I• L• · L•••••• Partnerindirect · owns 75% or more of B•• C•• S•• I• M••••• F••• L•
- B•• C•• S•• U••••••• G• · General Partnerindirect · owns F of B•• C•• S•• I• G•• L•
- C•••• P••• A• I•••••••• O••••••• ••••••••• L•••••• · Shareholderindirect · owns 75% or more of O••••••• W••• I••••••••• C•••••• L••••••
- O••••••• W••• I••••••••• C•••••• L•••••• · Shareholderindirect · owns 75% or more of B••••• F••••• L••••••
- P••• A• I•••••••• •••••• C•••••• O• C••••• L••• · Shareholderindirect · owns 75% or more of C•••• P••• A• I•••••••• O••••••• ••••••••• L••••••
- B•• F• C•• S•• I• G•• L• · General Partnerindirect · owns F of B•• C•• S•• I• M••••• F••• L•
Related persons
Schedule D 7.A
- B•••••• S••••• Partners L••••••investment adviserbanknRAUM $23B
- Bsp Ny LLCinvestment adviserbanknRAUM $14B
- B•••••• S••••• P••••••• C•••••• O••••••••• F••• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• C•••••• O••••••••• F••• I• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• D••• F••• I• ••••••• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• D••• F••• I• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• D••••••••• F••• G• L•••bankpooled vehicle sponsorn
- B•••••• S••••• P••••••• L•••••investment adviserbanknRAUM $28B
- B•••••• S••••• P••••••• R••• E••••• O••••••••• D••• F••• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• R••• E••••• O••••••••• D••• F••• I• G• L•bankpooled vehicle sponsorn
- B•••••• S••••• P••••••• S•• L• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• S•••• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• S•••• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• S••••• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• S•••• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• S•••• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• S•••••• S••••••••• G• L•••investment adviserbankpooled vehicle sponsorn
- B•••••• S••••• P••••••• S•••••• S••••••••• I• G• L•••investment adviserbankpooled vehicle sponsorn
- B•• C•• S•• I• G• L•••investment adviserpooled vehicle sponsorn
- B•• C•••• G• L•••pooled vehicle sponsorn
- B•• C••••••• S•••• G• L•••bankpooled vehicle sponsorn
- B•• C••••••• V•••••• 1• G• L•••pooled vehicle sponsorn
- B•• C••••••••• O••••••••• G• L•••investment adviserbankpooled vehicle sponsorn
- B•• D••• F••• V• G• L•••investment adviserbankpooled vehicle sponsorn
- B•• F• C•• S•• I• G• L•pooled vehicle sponsorn
- B•• F• R••• E••••• O••••••••• D••• F••• I• G• L•pooled vehicle sponsorn
- B•• F• S•••• G• L•pooled vehicle sponsorn
- B•• F• S•• I• G• L•pooled vehicle sponsorn
- B•• S••••• S•••••• O••••••••• F••• ••••••• G• L•••investment adviserbankpooled vehicle sponsorn
- B•• S••••• S•••••• O••••••••• F••• G• L•••investment adviserbankpooled vehicle sponsorn
Advisers that list B•• C•• M••••••••• L•• as a related person
Offices
Schedule D 1.F, the 25 largest
- New York, NY39 employees
- West Palm Beach, FL11 employees
- Walnut Creek, CA5 employees
- Dallas, TX4 employees
- Raleigh, NC3 employees
- Ranga Reddy, Hyderabad, India2 employees
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 14.0 to 22.0 (+57.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was +3.0% (487 comparable advisers, 97.0th percentile of changes)peers: asset managers, $5B to $20B (487) · 97% percentile
What changed
consecutive filings, newest first
- Accounts · 14 to 22Feb 26, 2026 to Mar 31, 2026
- Advisory employees · 115 to 110Feb 26, 2026 to Mar 31, 2026
- BD registered reps · 8 to 5Feb 26, 2026 to Mar 31, 2026
- Pooled vehicle clients · 14 to 22Feb 26, 2026 to Mar 31, 2026
- Employees · 234 to 241Feb 26, 2026 to Mar 31, 2026
- Private funds · 20 to 22Feb 26, 2026 to Mar 31, 2026
- Discretionary RAUM · $7.4B to $12BFeb 26, 2026 to Mar 31, 2026
- Pooled vehicle RAUM · $7.4B to $12BFeb 26, 2026 to Mar 31, 2026
- RAUM · $7.4B to $12BFeb 26, 2026 to Mar 31, 2026
- Private funds · 18 to 20Sep 22, 2025 to Feb 26, 2026
- Private funds · 15 to 18Jul 21, 2025 to Sep 22, 2025
- Financial planning clients · unset to Mar 28, 2025 to Jul 21, 2025
- Private funds · 14 to 15Mar 28, 2025 to Jul 21, 2025
- Accounts · 10 to 14Jan 16, 2025 to Mar 28, 2025
- Advisory employees · 107 to 115Jan 16, 2025 to Mar 28, 2025
- Pooled vehicle clients · 10 to 14Jan 16, 2025 to Mar 28, 2025
- Employees · 227 to 234Jan 16, 2025 to Mar 28, 2025
- Other offices · 6 to 4Jan 16, 2025 to Mar 28, 2025
- Private funds · 13 to 14Jan 16, 2025 to Mar 28, 2025
- Discretionary RAUM · $4.2B to $7.4BJan 16, 2025 to Mar 28, 2025
- Pooled vehicle RAUM · $4.2B to $7.4BJan 16, 2025 to Mar 28, 2025
- RAUM · $4.2B to $7.4BJan 16, 2025 to Mar 28, 2025
- Private funds · 10 to 13Jun 14, 2024 to Oct 2, 2024
- Accounts · 8 to 10Jan 10, 2024 to Mar 29, 2024
- Advisory employees · 120 to 107Jan 10, 2024 to Mar 29, 2024
- BD registered reps · 10 to 8Jan 10, 2024 to Mar 29, 2024
- Pooled vehicle clients · 8 to 10Jan 10, 2024 to Mar 29, 2024
- Employees · 221 to 227Jan 10, 2024 to Mar 29, 2024
- Other offices · 3 to 6Jan 10, 2024 to Mar 29, 2024
- Discretionary RAUM · $3.6B to $4.2BJan 10, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $3.6B to $4.2BJan 10, 2024 to Mar 29, 2024
- RAUM · $3.6B to $4.2BJan 10, 2024 to Mar 29, 2024
- Private funds · 8 to 10Mar 30, 2023 to Jan 10, 2024
- Accounts · 4 to 8Jan 4, 2023 to Mar 30, 2023
- Advisory employees · 115 to 120Jan 4, 2023 to Mar 30, 2023
- BD registered reps · 11 to 10Jan 4, 2023 to Mar 30, 2023
- Pooled vehicle clients · 4 to 8Jan 4, 2023 to Mar 30, 2023
- Employees · 218 to 221Jan 4, 2023 to Mar 30, 2023
- Other offices · 5 to 3Jan 4, 2023 to Mar 30, 2023
- Discretionary RAUM · $1.9B to $3.6BJan 4, 2023 to Mar 30, 2023
Signals
7 dated events
- B•• C•• M••••••••• L•• reported RAUM $12.2B, up 66% from $7.4B (2026-02-26 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- B•• C•• M••••••••• L•• reported RAUM $7.4B, up 74% from $4.2B (2025-01-16 to 2025-03-28)Mar 28, 2025 · RAUM change · derived
- Rick Gallo (Chief Compliance Officer) appeared on Schedule A of B•• C•• M••••••••• L••May 3, 2024 · Control person joined · fact
- Howe Alexander Mcmillan (Chief Compliance Officer) no longer on Schedule A of B•• C•• M••••••••• L•• (listed 2024-03-29, absent 2024-05-03)May 3, 2024 · Control person left · inference
- B•• C•• M••••••••• L•• reported RAUM $3.6B, up 90% from $1.9B (2023-01-04 to 2023-03-30)Mar 30, 2023 · RAUM change · derived
- B•• C•• M••••••••• L•• reported RAUM $1.9B, up 130% from $813.6M (2021-11-15 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- B•• C•• M••••••••• L•• filed its initial SEC registration (Form ADV)Nov 4, 2019 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Website
- bspcredit.com/usreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 212-588-6770reportedpublic 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