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

S••••••• P•••••••

Asset manager (funds and pooled vehicles)San Mateo, CaliforniaCRD 305064SEC 801-117367websiteIAPD
Legal name S••••••• P••••••• M••••••••• L••
Latest filing Jul 2, 2026
First filing on the tape Aug 21, 2019 · 16 filings
SEC status approved since Sep 20, 2019
RAUM
$1.6B
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
39
24 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
8
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$1.6B as of Jul 2, 2026
Mar 30, 2020$858M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jul 2, 2026
Mar 30, 20200 then
Employees (5.A)39 as of Jul 2, 2026
Mar 30, 202021 then
Private funds8 as of Jul 2, 2026
Mar 30, 20205 then
RAUM -20% over the last fiscal year-9.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 2, 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
$198MderivedRAUM 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
-20%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)
  • a related person has custody of client cash (9.B.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.6B100%
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
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
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
      Every departureEvery arrival
      Private funds
      8 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S••••••• P••••••• I• L•Private Equity Fund$493M28Nov 20, 2015
      S••••••• P••••••• I•• L•Private Equity Fund$488M30Aug 21, 2019
      S••••••• P••••••• I•••• L•Private Equity Fund$181M10Aug 21, 2019
      S••••••• P••••••• I•••••••• L•Private Equity Fund$66.3M38Jan 20, 2023
      S••••••• P••••••• I••••• L•Private Equity Fund$23.1M14Jan 20, 2023
      S••••••• P••••••• E•••••••• F••• I•• L•Private Equity Fund$9.4M13Mar 30, 2020
      S••••••• P••••••• C•••••••• I• L•Private Equity Fund$5.4M4Nov 20, 2015
      S••••••• P••••••• E•••••••• F••• I••• L•Private Equity Fund$2.2M28Jan 20, 2023
      Owners and control persons
      Schedule A and B, latest filing
      • A••••••••• G••••••• M• · Co-Founder And Managing Partnercontrol
        since 10/2015 · owns less than 5%
      • B•••••• M••••••• L••••••• · Co-Founder And Managing Partnercontrol
        since 10/2015 · owns less than 5%
      • M••••••• A•••••• A••• · Co-Founder And Managing Partnercontrol
        since 10/2015 · owns less than 5%
      • Z•••••• H•••••• S•••••• · General Counsel And Chief Compliance Officercontrol
        since 10/2015 · owns less than 5%
      • A••••••••• G••••••• M• · LPcontrol
        since 01/2019 · owns 25% to 50% of S••••••• P••••••• M••••••••• H•••••••• L•
      • B•••••• M••••••• L••••••• · LPcontrol
        since 01/2019 · owns 25% to 50% of S••••••• P••••••• M••••••••• H•••••••• L•
      • M••••••• A•••••• A••• · LPcontrol
        since 01/2019 · owns 25% to 50% of S••••••• P••••••• M••••••••• H•••••••• L•
      • O•••• N•••••• I••• · Chief Financial Officer
        since 02/2023 · owns less than 5%
      Entity owners
      • S••••••• P••••••• M••••••••• H•••••••• L• · Member
        direct · owns 75% or more
      • S••••••• P••••••• G•••• L•• · General Partner
        indirect · owns F of S••••••• P••••••• M••••••••• H•••••••• L•
      Related persons
      Schedule D 7.A
      • S••••••• P••••••• G•••• L••
        pooled vehicle sponsorn
      • S••••••• P••••••• G••••• L••
        pooled vehicle sponsorn
      • S••••••• P••••••• G•••••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Employees · 37 to 39
        Mar 28, 2025 to Mar 19, 2026
      • Discretionary RAUM · $2.0B to $1.6B
        Mar 28, 2025 to Mar 19, 2026
      • Pooled vehicle RAUM · $2.0B to $1.6B
        Mar 28, 2025 to Mar 19, 2026
      • RAUM · $2.0B to $1.6B
        Mar 28, 2025 to Mar 19, 2026
      • Advisory employees · 22 to 24
        Apr 30, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Apr 30, 2024 to Mar 28, 2025
      • Discretionary RAUM · $2.2B to $2.0B
        Apr 30, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $2.2B to $2.0B
        Apr 30, 2024 to Mar 28, 2025
      • RAUM · $2.2B to $2.0B
        Apr 30, 2024 to Mar 28, 2025
      • Advisory employees · 21 to 22
        Apr 12, 2023 to Mar 28, 2024
      • Employees · 38 to 37
        Apr 12, 2023 to Mar 28, 2024
      • Discretionary RAUM · $2.1B to $2.2B
        Apr 12, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $2.1B to $2.2B
        Apr 12, 2023 to Mar 28, 2024
      • RAUM · $2.1B to $2.2B
        Apr 12, 2023 to Mar 28, 2024
      • Advisory employees · 24 to 21
        Jan 20, 2023 to Mar 28, 2023
      • Discretionary RAUM · $2.4B to $2.1B
        Jan 20, 2023 to Mar 28, 2023
      • Pooled vehicle RAUM · $2.4B to $2.1B
        Jan 20, 2023 to Mar 28, 2023
      • RAUM · $2.4B to $2.1B
        Jan 20, 2023 to Mar 28, 2023
      • Accounts · 5 to 8
        Mar 29, 2022 to Jan 20, 2023
      • Advisory employees · 20 to 22
        Mar 29, 2022 to Jan 20, 2023
      • Pooled vehicle clients · 5 to 8
        Mar 29, 2022 to Jan 20, 2023
      • Employees · 32 to 36
        Mar 29, 2022 to Jan 20, 2023
      • Private funds · 5 to 8
        Mar 29, 2022 to Jan 20, 2023
      • Discretionary RAUM · $1.3B to $2.3B
        Mar 29, 2022 to Jan 20, 2023
      • Pooled vehicle RAUM · $1.3B to $2.3B
        Mar 29, 2022 to Jan 20, 2023
      • RAUM · $1.3B to $2.3B
        Mar 29, 2022 to Jan 20, 2023
      • Advisory employees · 22 to 24
        Jan 20, 2023 to Jan 20, 2023
      • Employees · 36 to 38
        Jan 20, 2023 to Jan 20, 2023
      • Discretionary RAUM · $2.3B to $2.4B
        Jan 20, 2023 to Jan 20, 2023
      • Pooled vehicle RAUM · $2.3B to $2.4B
        Jan 20, 2023 to Jan 20, 2023
      • RAUM · $2.3B to $2.4B
        Jan 20, 2023 to Jan 20, 2023
      • Advisory employees · 18 to 20
        Jul 20, 2021 to Mar 29, 2022
      • Assets in custody · 13993735.0 to unset
        Jul 20, 2021 to Mar 29, 2022
      • Custody of client assets · true to false
        Jul 20, 2021 to Mar 29, 2022
      • Employees · 27 to 32
        Jul 20, 2021 to Mar 29, 2022
      • Discretionary RAUM · $923M to $1.3B
        Jul 20, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $923M to $1.3B
        Jul 20, 2021 to Mar 29, 2022
      • RAUM · $923M to $1.3B
        Jul 20, 2021 to Mar 29, 2022
      • Advisory employees · 13 to 18
        Apr 30, 2020 to Mar 31, 2021
      • Assets in custody · $263M to $14.0M
        Apr 30, 2020 to Mar 31, 2021
      Signals
      5 dated events
      • Hutchins John Moragne (Managing Director) no longer on Schedule A of S••••••• P••••••• (listed 2023-04-12, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • L••• J••••••• G••• (Chief Financial Officer) no longer on Schedule A of S••••••• P••••••• (listed 2023-01-20, absent 2023-03-28)
        Mar 28, 2023 · Control person left · inference
      • S••••••• P••••••• reported RAUM $2.3B, up 79% from $1.3B (2022-03-29 to 2023-01-20)
        Jan 20, 2023 · RAUM change · derived
      • S••••••• P••••••• reported RAUM $1.3B, up 36% from $923.3M (2021-07-20 to 2022-03-29)
        Mar 29, 2022 · RAUM change · derived
      • S••••••• P••••••• filed its initial SEC registration (Form ADV)
        Aug 21, 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
      s•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      1-650-289-4400reportedpublic record, Form ADV, Jul 2, 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