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
E•••• C•••••• L•
Latest filing Mar 31, 2026
First filing on the tape Nov 29, 2020 · 14 filings
SEC status approved since Jan 4, 2021
RAUM
$6.3B
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
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$6.3B as of Mar 31, 2026
Mar 29, 2021$829M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 29, 20210 then
Employees (5.A)19 as of Mar 31, 2026
Mar 29, 202114 then
Private funds5 as of Mar 31, 2026
Mar 29, 20211 then
RAUM +106% over the last fiscal year+50% 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
- $526MderivedRAUM 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
- +106%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
- $6.3B, 12 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)
- 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$6.3B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 12reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $6.3B for 12 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
5 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| B•••••• D••• H•••••••• L•• | Private Equity Fund | $2.2B | 62 | Mar 31, 2022 |
| B•••••• D••••• L••no longer reported | Private Equity Fund | $829M | 33 | Mar 29, 2021 |
| E•••• C•••••• I••••••••• L• | Private Equity Fund | $336M | 67 | Aug 11, 2023 |
| E•••• C•••••• I••••••••• A• L• | Private Equity Fund | $260M | 21 | Aug 11, 2023 |
| E•••• C•••••• N• C•••••••• L• | Private Equity Fund | $21.3M | 8 | Mar 29, 2024 |
Owners and control persons
Schedule A and B, latest filing
- B•••••• E•••• L•••• · Founder & Managing Partnercontrolsince 08/2020 · owns 50% to 75%
- C••••••• F•••• B•••• · Founder & Managing Partnercontrolsince 08/2020 · owns 50% to 75%
- K•••••• A•••••• C•••••• · Chief Financial Officercontrolsince 07/2021 · owns less than 5%
- M•••••••• M•••••• A•••• · General Counsel & Chief Compliance Officercontrolsince 11/2020 · owns less than 5%
- S••••• B••••• D•••• · Managing Partnersince 02/2024 · owns less than 5%
Related persons
Schedule D 7.A
- E•••• C•••••• I••••••••• 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 up 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $3,068,335,249 to $6,313,185,072 (+106.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +13.0% (631 comparable advisers, 96.0th percentile of changes)peers: asset managers, $5B to $20B (631) · 96% percentile
What changed
consecutive filings, newest first
- Accounts · 8 to 12Sep 16, 2025 to Mar 31, 2026
- Advisory employees · 6 to 7Sep 16, 2025 to Mar 31, 2026
- Pooled vehicle clients · 8 to 12Sep 16, 2025 to Mar 31, 2026
- Assets in custody · $3.1B to $6.3BSep 16, 2025 to Mar 31, 2026
- Employees · 17 to 19Sep 16, 2025 to Mar 31, 2026
- Private funds · 4 to 5Sep 16, 2025 to Mar 31, 2026
- Discretionary RAUM · $3.1B to $6.3BSep 16, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $3.1B to $6.3BSep 16, 2025 to Mar 31, 2026
- RAUM · $3.1B to $6.3BSep 16, 2025 to Mar 31, 2026
- Financial planning clients · unset to Mar 31, 2025 to May 15, 2025
- Assets in custody · $2.5B to $3.1BMar 29, 2024 to Mar 31, 2025
- Employees · 19 to 17Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $2.5B to $3.1BMar 29, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $2.5B to $3.1BMar 29, 2024 to Mar 31, 2025
- RAUM · $2.5B to $3.1BMar 29, 2024 to Mar 31, 2025
- Accounts · 7 to 8Feb 21, 2024 to Mar 29, 2024
- Pooled vehicle clients · 7 to 8Feb 21, 2024 to Mar 29, 2024
- Assets in custody · $2.4B to $2.5BFeb 21, 2024 to Mar 29, 2024
- Private funds · 3 to 4Feb 21, 2024 to Mar 29, 2024
- Discretionary RAUM · $2.4B to $2.5BFeb 21, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $2.4B to $2.5BFeb 21, 2024 to Mar 29, 2024
- RAUM · $2.4B to $2.5BFeb 21, 2024 to Mar 29, 2024
- Accounts · 5 to 7Mar 31, 2023 to Aug 11, 2023
- Pooled vehicle clients · 5 to 7Mar 31, 2023 to Aug 11, 2023
- Assets in custody · $1.9B to $2.4BMar 31, 2023 to Aug 11, 2023
- Private funds · 1 to 3Mar 31, 2023 to Aug 11, 2023
- Discretionary RAUM · $1.9B to $2.4BMar 31, 2023 to Aug 11, 2023
- Pooled vehicle RAUM · $1.9B to $2.4BMar 31, 2023 to Aug 11, 2023
- RAUM · $1.9B to $2.4BMar 31, 2023 to Aug 11, 2023
- Advisory employees · 7 to 6Mar 31, 2022 to Mar 31, 2023
- Assets in custody · $2.2B to $1.9BMar 31, 2022 to Mar 31, 2023
- Employees · 20 to 19Mar 31, 2022 to Mar 31, 2023
- HQ city · unset to BOSTONMar 31, 2022 to Mar 31, 2023
- HQ state · unset to MAMar 31, 2022 to Mar 31, 2023
- Discretionary RAUM · $2.2B to $1.9BMar 31, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $2.2B to $1.9BMar 31, 2022 to Mar 31, 2023
- RAUM · $2.2B to $1.9BMar 31, 2022 to Mar 31, 2023
- Accounts · 4 to 5Jul 23, 2021 to Mar 31, 2022
- Advisory employees · 3 to 7Jul 23, 2021 to Mar 31, 2022
- Pooled vehicle clients · 4 to 5Jul 23, 2021 to Mar 31, 2022
Signals
6 dated events
- E•••• C•••••• L• reported RAUM $6.3B, up 106% from $3.1B (2025-09-16 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- E•••• C•••••• L• reported RAUM $2.4B, up 26% from $1.9B (2023-03-31 to 2023-08-11)Aug 11, 2023 · RAUM change · derived
- E•••• C•••••• L• reported RAUM $2.2B, up 167% from $829.0M (2021-07-23 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- E•••• C••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Jul 23, 2021 · Succession (Item 4) · fact
- Cecille Aileen Keaney (Director Of Finance) appeared on Schedule A of E•••• C•••••• L•Jul 23, 2021 · Control person joined · fact
- E•••• C••••••• L•• filed its initial SEC registration (Form ADV)Nov 29, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- E•••• C•••••• L• · Independent Sponsorsshared crd · capital_provider
- E•••• C•••••• L• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- ethoscapital.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 617-880-8000reportedpublic 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