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

V•••• L••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 307186SEC 801-118223websiteIAPD
Latest filing Mar 23, 2026
First filing on the tape Feb 12, 2020 · 12 filings
SEC status approved since Mar 13, 2020
RAUM
$287M
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
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$287M as of Mar 23, 2026
Mar 31, 2021$112M then
HNW client RAUM$0 as of Mar 24, 2025
Mar 31, 2021$0 then
State-registered IARs (5.B.3)0 as of Mar 23, 2026
Mar 31, 20210 then
Employees (5.A)5 as of Mar 23, 2026
Mar 31, 20217 then
Private funds2 as of Mar 23, 2026
Mar 31, 20211 then
RAUM -4.1% over the last fiscal year-7.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 23, 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
$143MderivedRAUM 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
-4.1%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
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
  • 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$287M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
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
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      V••• M••••••••• P••••••• I•• L••Real Estate Fund$234M2Jul 10, 2020
      V••• M••••••••• P••••••• I•• L••Real Estate Fund$109M2Mar 23, 2023
      Owners and control persons
      Schedule A and B, latest filing
      • A•• Y••••••• · Chief Executive Officercontrol
        since 12/2019 · owns less than 5%
      • G••• M•••••• M• · Chief Compliance Officercontrol
        since 05/2024 · owns less than 5%
      • H••••• S••••••• G•••• · Senior Vice President, Head Of V•••control
        since 01/2024 · owns less than 5%
      • A•• Y••••••• · Chief Executive Officercontrol
        since 12/2019 · owns 75% or more of V•••••• G••••• I••
      Entity owners
      • V•••••• G••••• I•• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • G•••••••• P••••••• M••••••••• I•••
        investment companyn
      • R••••••••• I••
        investment companyn
      • V•••••• I••••••••• I••
        investment companyn
      • V•••••• T••••• V•• 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
      • custody status changedChange between filings · filing Mar 23, 2026
        custody of client assets (Item 9.A): yes on the filing of 2025-03-24, no on the filing of 2026-03-23
        peers: asset managers, $100M to $500M (1,568)
      What changed
      consecutive filings, newest first
      • Charity clients · 0.0 to unset
        Mar 24, 2025 to Mar 23, 2026
      • Corporate clients · 0.0 to unset
        Mar 24, 2025 to Mar 23, 2026
      • HNW clients · 0.0 to unset
        Mar 24, 2025 to Mar 23, 2026
      • Individual clients · 0.0 to unset
        Mar 24, 2025 to Mar 23, 2026
      • Pension plan clients · 0.0 to unset
        Mar 24, 2025 to Mar 23, 2026
      • Custody of client assets · true to false
        Mar 24, 2025 to Mar 23, 2026
      • Employees · 6 to 5
        Mar 24, 2025 to Mar 23, 2026
      • Discretionary RAUM · $299M to $287M
        Mar 24, 2025 to Mar 23, 2026
      • HNW RAUM · 0.0 to unset
        Mar 24, 2025 to Mar 23, 2026
      • Individual RAUM · 0.0 to unset
        Mar 24, 2025 to Mar 23, 2026
      • Pension RAUM · 0.0 to unset
        Mar 24, 2025 to Mar 23, 2026
      • Pooled vehicle RAUM · $299M to $287M
        Mar 24, 2025 to Mar 23, 2026
      • RAUM · $299M to $287M
        Mar 24, 2025 to Mar 23, 2026
      • Advisory employees · 5 to 4
        Jun 3, 2024 to Mar 24, 2025
      • Employees · 7 to 6
        Jun 3, 2024 to Mar 24, 2025
      • Financial planning clients · unset to
        Jun 3, 2024 to Mar 24, 2025
      • HQ city · LOS ANGELES to SAN FRANCISCO
        Jun 3, 2024 to Mar 24, 2025
      • Discretionary RAUM · $342M to $299M
        Jun 3, 2024 to Mar 24, 2025
      • Pooled vehicle RAUM · $342M to $299M
        Jun 3, 2024 to Mar 24, 2025
      • RAUM · $342M to $299M
        Jun 3, 2024 to Mar 24, 2025
      • Advisory employees · 7 to 5
        Jan 16, 2024 to Mar 25, 2024
      • Employees · 9 to 7
        Jan 16, 2024 to Mar 25, 2024
      • Discretionary RAUM · $357M to $342M
        Jan 16, 2024 to Mar 25, 2024
      • Pooled vehicle RAUM · $357M to $342M
        Jan 16, 2024 to Mar 25, 2024
      • RAUM · $357M to $342M
        Jan 16, 2024 to Mar 25, 2024
      • Accounts · 1 to 2
        Mar 16, 2022 to Mar 23, 2023
      • Pooled vehicle clients · 1 to 2
        Mar 16, 2022 to Mar 23, 2023
      • Private funds · 1 to 2
        Mar 16, 2022 to Mar 23, 2023
      • Discretionary RAUM · $229M to $357M
        Mar 16, 2022 to Mar 23, 2023
      • Pooled vehicle RAUM · $229M to $357M
        Mar 16, 2022 to Mar 23, 2023
      • RAUM · $229M to $357M
        Mar 16, 2022 to Mar 23, 2023
      • Advisory employees · 6 to 7
        Mar 31, 2021 to Mar 16, 2022
      • Employees · 7 to 9
        Mar 31, 2021 to Mar 16, 2022
      • Discretionary RAUM · $112M to $229M
        Mar 31, 2021 to Mar 16, 2022
      • Pooled vehicle RAUM · $112M to $229M
        Mar 31, 2021 to Mar 16, 2022
      • RAUM · $112M to $229M
        Mar 31, 2021 to Mar 16, 2022
      • Advisory employees · 5 to 6
        Mar 5, 2021 to Mar 31, 2021
      • Assets in custody · $100M to $0
        Mar 5, 2021 to Mar 31, 2021
      • Employees · 5 to 7
        Mar 5, 2021 to Mar 31, 2021
      • Discretionary RAUM · $100M to $112M
        Mar 5, 2021 to Mar 31, 2021
      Signals
      9 dated events
      • Tracy Lo (Chief Compliance Officer) no longer on Schedule A of V•••• L•• (listed 2024-03-25, absent 2024-06-03)
        Jun 3, 2024 · Control person left · inference
      • Mo Minzhe Guo (Chief Compliance Officer) appeared on Schedule A of V•••• L••
        Jun 3, 2024 · Control person joined · fact
      • Carlisle Bryan Crane (President) no longer on Schedule A of V•••• L•• (listed 2023-03-23, absent 2024-01-16)
        Jan 16, 2024 · Control person left · inference
      • Garth Spencer Hogan (Senior Vice President, Head Of Vila) appeared on Schedule A of V•••• L••
        Jan 16, 2024 · Control person joined · fact
      • V•••• L•• reported RAUM $356.9M, up 56% from $228.6M (2022-03-16 to 2023-03-23)
        Mar 23, 2023 · RAUM change · derived
      • V•••• L•• reported RAUM $228.6M, up 105% from $111.8M (2021-03-31 to 2022-03-16)
        Mar 16, 2022 · RAUM change · derived
      • Nina Tran (Chief Compliance Officer And Chief Financial Officer) no longer on Schedule A of V•••• L•• (listed 2020-12-16, absent 2021-03-05)
        Mar 5, 2021 · Control person left · inference
      • Tracy Lo (Chief Compliance Officer) appeared on Schedule A of V•••• L••
        Mar 5, 2021 · Control person joined · fact
      • V•••• L•• filed its initial SEC registration (Form ADV)
        Feb 12, 2020 · 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
      v••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      415-578-7610reportedpublic record, Form ADV, Mar 23, 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
      Across the graphs

      V•••• L•• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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