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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Former SEC-registered adviser

A••••• P•••••••

Former SEC-registered adviserDallas, TexasCRD 307116SEC 801-118024websiteIAPD
Legal name A••••• P•••••••• L•
Latest filing Mar 31, 2026
First filing on the tape Jan 3, 2020 · 17 filings
SEC status approved since Feb 25, 2020
RAUM
$18B
reported, Item 5.F
Discretionary
83%
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
77
70 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
55
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$18B as of Mar 31, 2026
Mar 31, 2021$866M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 31, 20210 then
Employees (5.A)77 as of Mar 31, 2026
Mar 31, 202116 then
Private funds55 as of Mar 31, 2026
Mar 31, 20214 then
RAUM +29% over the last fiscal year+40% a year over threeIARs 0 to 0offices 2 to 3
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
$285MderivedRAUM over accounts (5.F.2.f)
Discretionary
83%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived4 offices incl. principal (1.F.5)
RAUM growth, one year
+29%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-based, otherreportedItem 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
  • 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$18B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
64reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      27 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A••••• S••••• P••••••• F••• I•• L•Private Equity Fund$4.1B110Mar 31, 2023
      A••••• S••••• P••••••• F••• I• L•Private Equity Fund$3.3B78Jun 24, 2020
      A•• N••••••• I• L•Private Equity Fund$963M19Mar 31, 2022
      A••••• K••••••• P••••••• F••• I• L•Private Equity Fund$398M14Mar 29, 2024
      A••••••• O••••••••• L•Private Equity Fund$376M7Mar 29, 2024
      A••••• S••••• P••••••• F••• I• S•••••• I•• L•Private Equity Fund$183M8Mar 31, 2022
      K•••••• L•no longer reportedPrivate Equity Fund$169M1Mar 31, 2022
      A••••• S••••• P••••••• P••• L•Private Equity Fund$150M1Mar 31, 2022
      A••••• P•••••• C•••••••• F•••• L•Private Equity Fund$147M1Mar 31, 2021
      A••••• S••••• P••••••• F••• I• S••••••• L•Private Equity Fund$135M8Mar 31, 2022
      A••••• S••••• P••••••• M•••• L•Private Equity Fund$129M2Mar 31, 2021
      A•• B••• G••••• L•Private Equity Fund$127M2Mar 29, 2024
      K•••• H•••••••• L•Private Equity Fund$121M5Mar 31, 2022
      A••••• S••••• P••••••• S•• C••• L••Private Equity Fund$120M1Mar 31, 2022
      A••••• P•••••• C•••••••• F••• I•• L•Private Equity Fund$101M1Mar 31, 2023
      A••••• S••••• P••••••• F••• I• F•••••• L•no longer reportedPrivate Equity Fund$86.0M2Jun 24, 2020
      A••••• S••••• P••••••• U• C•••••••• I•• L•Private Equity Fund$76.0M1Mar 29, 2024
      A••••• S••••• C•••••••• F••• I• L•Private Equity Fund$75.0M1Mar 29, 2024
      A••••• S••••• P••••••• M••• I•• L•Private Equity Fund$66.5M2Mar 31, 2023
      A•• I• O••••••••• F•••• L•Private Equity Fund$64.5M3Mar 31, 2023
      M•• A••••••••• F••• L•Private Equity Fund$50.0M1Mar 29, 2024
      A••••• P••••••• C••••••••• L•Private Equity Fund$48.1M6Mar 31, 2021
      A••••• G••••••••• S••••••• L•Private Equity Fund$45.4M7Mar 31, 2023
      A••••• K••••••• P••••••• S•• L•Private Equity Fund$40.0M1Mar 29, 2024
      A••••• S••••• P••••••• P•• C••• L••Private Equity Fund$37.8M1Mar 31, 2023
      A••••• P••••••• C•••••••• I•• L•Private Equity Fund$18.8M2Mar 31, 2023
      A••••• K••••••• P••••••• F••• I••• L•Private Equity Fund$6.0M2Mar 29, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• M••••••• D•••• · Partner And Chief Legal Officercontrol
        since 06/2023 · owns less than 5%
      • C••••••• I••• H••••• · Managing Partnercontrol
        since 11/2019 · owns less than 5%
      • O•••••••• D••••• J••••• · Managing Partnercontrol
        since 11/2019 · owns less than 5%
      • V••••• J•••• B••••• · Chief Compliance Officer And Chief Financial Officercontrol
        since 12/2019 · owns less than 5%
      • C••••••• I••• H••••• · Limited Partner Of A••••• P••••••• P•••••• L•••control
        since 04/2020 · owns 50% to 75% of A••••• P••••••• P•••••• L•••
      • C••••••• I••• H••••• · Member Of A••••• M••••••••• C••••••• L••control
        since 09/2019 · owns 75% or more of A••••• M••••••••• C••••••• L••
      • O•••••••• D••••• J••••• · Limited Partner Of A••••• P••••••• P•••••• L•••control
        since 04/2020 · owns 50% to 75% of A••••• P••••••• P•••••• L•••
      Entity owners
      • A••••• M••••••••• C••••••• L•• · General Partner Of A••••• P•••••••• L•
        direct · owns less than 5%
      • A••••• M••••••••• H•••••••• L••• · Limited Partner
        direct · owns 75% or more
      • A••••• M••••••••• C••••••• L•• · General Partner Of A••••• M••••••••• H•••••••• L•••
        indirect · owns F of A••••• M••••••••• H•••••••• L•••
      • A••••• M••••••••• C••••••• L•• · General Partner Of A••••• P••••••• P•••••• L•••
        indirect · owns F of A••••• P••••••• P•••••• L•••
      • A••••• P••••••• P•••••• L••• · Limited Partner Of A••••• M••••••••• H•••••••• L•••
        indirect · owns 75% or more of A••••• M••••••••• H•••••••• L•••
      Related persons
      Schedule D 7.A
      • A••••• K••••••• P••••••• F••• I• C•••••••• G•• L•
        pooled vehicle sponsory
      • A••••• K••••••• P••••••• F••• I• G•• L•
        pooled vehicle sponsory
      • A••••• S••••• P••••••• F••• I• C•••••••• G•• L•
        pooled vehicle sponsory
      • A••••• S••••• P••••••• F••• I• G•• L•
        pooled vehicle sponsory
      • A••••• S••••• P••••••• F••• I• C•••••••• G•• L•
        pooled vehicle sponsory
      • A••••• S••••• P••••••• F••• I• G•• L•
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY8 employees
      • London, United Kingdom2 employees
      What changed
      consecutive filings, newest first
      • Accounts · 48 to 64
        Jun 16, 2025 to Mar 31, 2026
      • Advisory employees · 60 to 70
        Jun 16, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 41 to 55
        Jun 16, 2025 to Mar 31, 2026
      • Employees · 67 to 77
        Jun 16, 2025 to Mar 31, 2026
      • Other offices · 2 to 3
        Jun 16, 2025 to Mar 31, 2026
      • Private funds · 41 to 55
        Jun 16, 2025 to Mar 31, 2026
      • Discretionary RAUM · $12B to $15B
        Jun 16, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $2.2B to $3.1B
        Jun 16, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $14B to $18B
        Jun 16, 2025 to Mar 31, 2026
      • RAUM · $14B to $18B
        Jun 16, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Mar 31, 2025 to Jun 16, 2025
      • Accounts · 30 to 48
        May 20, 2024 to Mar 31, 2025
      • Advisory employees · 45 to 60
        May 20, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 25 to 41
        May 20, 2024 to Mar 31, 2025
      • Employees · 50 to 67
        May 20, 2024 to Mar 31, 2025
      • Private funds · 25 to 41
        May 20, 2024 to Mar 31, 2025
      • Discretionary RAUM · $9.0B to $12B
        May 20, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $820M to $2.2B
        May 20, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $9.8B to $14B
        May 20, 2024 to Mar 31, 2025
      • RAUM · $9.8B to $14B
        May 20, 2024 to Mar 31, 2025
      • Accounts · 22 to 30
        Jul 18, 2023 to Mar 29, 2024
      • Advisory employees · 31 to 45
        Jul 18, 2023 to Mar 29, 2024
      • Business name · A••••• S••••• P••••••• to A••••• P•••••••
        Jul 18, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 17 to 25
        Jul 18, 2023 to Mar 29, 2024
      • Employees · 36 to 50
        Jul 18, 2023 to Mar 29, 2024
      • Other offices · 1 to 2
        Jul 18, 2023 to Mar 29, 2024
      • Private funds · 17 to 25
        Jul 18, 2023 to Mar 29, 2024
      • Discretionary RAUM · $5.9B to $9.0B
        Jul 18, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $783M to $820M
        Jul 18, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $6.6B to $9.8B
        Jul 18, 2023 to Mar 29, 2024
      • RAUM · $6.6B to $9.8B
        Jul 18, 2023 to Mar 29, 2024
      • Accounts · 14 to 22
        May 12, 2022 to Mar 31, 2023
      • Advisory employees · 16 to 31
        May 12, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 11 to 17
        May 12, 2022 to Mar 31, 2023
      • Employees · 24 to 36
        May 12, 2022 to Mar 31, 2023
      • Private funds · 11 to 17
        May 12, 2022 to Mar 31, 2023
      • Discretionary RAUM · $3.2B to $5.9B
        May 12, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $745M to $783M
        May 12, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $3.9B to $6.6B
        May 12, 2022 to Mar 31, 2023
      • RAUM · $3.9B to $6.6B
        May 12, 2022 to Mar 31, 2023
      Signals
      10 dated events
      • A••••• P••••••• no longer on the SEC adviser roster (last listed 2026-06-01, RAUM $18.2B)
        Jul 1, 2026 · Left the SEC roster · derived
      • A••••• P••••••• reported RAUM $18.2B, up 29% from $14.1B (2025-06-16 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • A••••• P••••••• reported RAUM $14.1B, up 44% from $9.8B (2024-05-20 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • A••••• P••••••• reported RAUM $9.8B, up 48% from $6.6B (2023-07-18 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • David Michael Belsley (Partner And Chief Legal Officer) appeared on Schedule A of A••••• P•••••••
        Mar 29, 2024 · Control person joined · fact
      • A••••• P••••••• reported RAUM $6.6B, up 69% from $3.9B (2022-05-12 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • A••••• P••••••• reported RAUM $3.9B, up 355% from $866.2M (2021-06-14 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • A••••• P••••••• reported RAUM $866.2M, up 106% from $420.8M (2020-06-24 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Justin David O'Connor (Managing Partner) appeared on Schedule A of A••••• P•••••••
        Jun 24, 2020 · Control person joined · fact
      • A••••• P•••••••• L• filed its initial SEC registration (Form ADV)
        Jan 3, 2020 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      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
      Former SEC-registered adviserderiveda 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