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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
V••••••
Legal name U••••••••• M••••••••• I•••
Latest filing May 6, 2026
First filing on the tape Jul 1, 2022 · 11 filings
SEC status approved since Jul 29, 2022
RAUM
$729M
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
12
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
8
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$729M as of May 6, 2026
Mar 31, 2023$602M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 6, 2026
Mar 31, 20230 then
Employees (5.A)12 as of May 6, 2026
Mar 31, 202318 then
Private funds8 as of May 6, 2026
Mar 31, 20237 then
RAUM -37% over the last fiscal year+6.6% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 6, 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
- $91.2MderivedRAUM 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
- -37%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
- yesreportedItem 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$729M100%
- 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
- $0 for 0 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=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
Private funds
7 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| V•••••• O••••••••• F•••• L••• | Venture Capital Fund | $394M | 78 | Jul 1, 2022 |
| V•••••• F••• I••• L••• | Venture Capital Fund | $163M | 77 | Jul 1, 2022 |
| V•••••• F••• I•• L• | Venture Capital Fund | $134M | 115 | Jul 1, 2022 |
| V•••••• F•••• L••• | Venture Capital Fund | $127M | 60 | Jul 1, 2022 |
| V•••••• C•••••••• F••• I•• L• | Venture Capital Fund | $13.4M | 53 | Jul 1, 2022 |
| V•••••• C• F•••• L••• | Venture Capital Fund | $4.2M | 22 | Jul 1, 2022 |
| V•••••• C•••••••• F••• I••• L••• | Venture Capital Fund | $1.7M | 23 | Jul 1, 2022 |
Owners and control persons
Schedule A and B, latest filing
- S•••••• C•••• · Coo/Cfo/Ccocontrolsince 11/2021 · owns less than 5%
- W•••••• J••••• D••••• · Membercontrolsince 11/2019 · owns 75% or more
- C••••••••• J•••• · Chief Legal Officersince 01/2024 · owns less than 5%
Related persons
Schedule D 7.A
- V•••••• F••• G•• L••pooled vehicle sponsorn
- V•••••• F••• I• G•• L••pooled vehicle sponsorn
- V•••••• F••• I•• G•• L••pooled vehicle sponsorn
- V•••••• O••••••••• F••• G•• L••pooled 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
- RAUM down 25 %Change between filings · filing Mar 30, 2026RAUM (Item 5.F) moved from $1,157,413,242 to $729,248,265 (-37.0%) between the annual amendments of 2025-03-27 and 2026-03-30; the peer median change was +8.0% (672 comparable advisers, 4.0th percentile of changes)peers: asset managers, $500M to $1B (672) · 3.6% percentile
What changed
consecutive filings, newest first
- Accounts · 7 to 8Sep 10, 2025 to Mar 30, 2026
- Pooled vehicle clients · 7 to 8Sep 10, 2025 to Mar 30, 2026
- Private funds · 7 to 8Sep 10, 2025 to Mar 30, 2026
- Discretionary RAUM · $1.2B to $729MSep 10, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $1.2B to $729MSep 10, 2025 to Mar 30, 2026
- RAUM · $1.2B to $729MSep 10, 2025 to Mar 30, 2026
- Financial planning clients · unset to Mar 27, 2025 to May 2, 2025
- Advisory employees · 9 to 5Sep 27, 2024 to Mar 27, 2025
- Assets in custody · $838M to $0Sep 27, 2024 to Mar 27, 2025
- Employees · 14 to 12Sep 27, 2024 to Mar 27, 2025
- Discretionary RAUM · $838M to $1.2BSep 27, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $838M to $1.2BSep 27, 2024 to Mar 27, 2025
- RAUM · $838M to $1.2BSep 27, 2024 to Mar 27, 2025
- Advisory employees · 10 to 9May 2, 2023 to Mar 27, 2024
- Assets in custody · $602M to $838MMay 2, 2023 to Mar 27, 2024
- Employees · 18 to 14May 2, 2023 to Mar 27, 2024
- HQ city · unset to NEW YORKMay 2, 2023 to Mar 27, 2024
- HQ state · unset to NYMay 2, 2023 to Mar 27, 2024
- Discretionary RAUM · $602M to $838MMay 2, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $602M to $838MMay 2, 2023 to Mar 27, 2024
- RAUM · $602M to $838MMay 2, 2023 to Mar 27, 2024
- Business name · U••••••••• M••••••••• I••• to V••••••Mar 31, 2023 to May 2, 2023
- Advisory employees · 9 to 10Jul 1, 2022 to Mar 31, 2023
- Assets in custody · $649M to $602MJul 1, 2022 to Mar 31, 2023
- Employees · 13 to 18Jul 1, 2022 to Mar 31, 2023
- HQ city · MIAMI to unsetJul 1, 2022 to Mar 31, 2023
- HQ state · FL to unsetJul 1, 2022 to Mar 31, 2023
- Discretionary RAUM · $649M to $602MJul 1, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $649M to $602MJul 1, 2022 to Mar 31, 2023
- RAUM · $649M to $602MJul 1, 2022 to Mar 31, 2023
Signals
4 dated events
- Variant reported RAUM $729.2M, down 37% from $1.2B (2025-09-10 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- Variant reported RAUM $1.2B, up 38% from $838.2M (2024-09-27 to 2025-03-27)Mar 27, 2025 · RAUM change · derived
- Variant reported RAUM $838.2M, up 39% from $601.7M (2023-05-02 to 2024-03-27)Mar 27, 2024 · RAUM change · derived
- U••••••••• M••••••••• I••• filed its initial SEC registration (Form ADV)Jul 1, 2022 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Variant · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- variant.fundreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 580-952-9740reportedpublic record, Form ADV, May 6, 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