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
X• L•
Latest filing Mar 31, 2026
First filing on the tape Mar 19, 2020 · 13 filings
SEC status approved since Apr 17, 2020
RAUM
$7.4B
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
34
18 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
13
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$7.4B as of Mar 31, 2026
Mar 31, 2021$1.7B then
HNW client RAUM$0 as of Mar 31, 2026
Mar 31, 2021$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 31, 20210 then
Employees (5.A)34 as of Mar 31, 2026
Mar 31, 202121 then
Private funds13 as of Mar 31, 2026
Mar 31, 20213 then
RAUM +66% over the last fiscal year+43% 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
- $390MderivedRAUM 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
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +66%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $7.0B, 18 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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$7.4B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 19reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $7.0B for 18 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=true 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
10 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| X• E••••••• M••••• F••• L• | Hedge Fund | $2.8B | 175 | Mar 19, 2020 |
| X• O••••••••• L• | Hedge Fund | $193M | 3 | Nov 25, 2024 |
| X• V••••• M••••• F••• L• | Hedge Fund | $189M | 11 | Mar 31, 2022 |
| X• O••••••••• I• L• | Private Equity Fund | $175M | 7 | Mar 31, 2022 |
| X• O••••••••• V• L• | Private Equity Fund | $36.2M | 12 | Nov 25, 2024 |
| X• E••••••• S•• L• | Hedge Fund | $27.4M | 81 | Mar 31, 2021 |
| X• O••••••••• I• L• | Private Equity Fund | $25.5M | 16 | Mar 31, 2021 |
| X• O••••••••• V• L• | Private Equity Fund | $25.2M | 6 | Mar 31, 2022 |
| X• O••••••••• I• L• | Private Equity Fund | $25.1M | 2 | Mar 31, 2022 |
| X• O••••••••• I•• L• | Private Equity Fund | $2.9M | 3 | Mar 31, 2022 |
Owners and control persons
Schedule A and B, latest filing
- B••••••••• D••••• B•••• · Presidentcontrolsince 01/2020 · owns less than 5%
- K••••••• G•••••• K•••• · Founder & Chief Executive Officer, Limited Partnercontrolsince 05/2018 · owns 75% or more
- M•••••• K••••••• C•••••• · Chief Financial Officercontrolsince 03/2020 · owns less than 5%
- O••••••• T•••••• L••••••• · General Counsel And Chief Compliance Officercontrolsince 06/2020 · owns less than 5%
- K••••••• G•••••• K•••• · Managing Director And Membercontrolsince 11/2019 · owns 75% or more of E•••• N••••• L••
Entity owners
- E•••• N••••• L•• · General Partnerdirect · owns less than 5%
Related persons
Schedule D 7.A
- X• E••••••• G• L••investment adviserbankpooled vehicle sponsorn
- X• E••••••• O••••••••• G• L••investment adviserpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- San Francisco, CA6 employees
What changed
consecutive filings, newest first
- Accounts · 15 to 19Feb 18, 2026 to Mar 31, 2026
- Pooled vehicle clients · 14 to 18Feb 18, 2026 to Mar 31, 2026
- Assets in custody · $4.5B to $7.0BFeb 18, 2026 to Mar 31, 2026
- Employees · 33 to 34Feb 18, 2026 to Mar 31, 2026
- Private funds · 11 to 13Feb 18, 2026 to Mar 31, 2026
- Discretionary RAUM · $4.5B to $7.4BFeb 18, 2026 to Mar 31, 2026
- Pooled vehicle RAUM · $4.5B to $7.4BFeb 18, 2026 to Mar 31, 2026
- RAUM · $4.5B to $7.4BFeb 18, 2026 to Mar 31, 2026
- Private funds · 10 to 11Oct 30, 2025 to Feb 18, 2026
- Accounts · 13 to 15Nov 25, 2024 to Mar 31, 2025
- Pooled vehicle clients · 12 to 14Nov 25, 2024 to Mar 31, 2025
- Assets in custody · $3.3B to $4.5BNov 25, 2024 to Mar 31, 2025
- Employees · 31 to 33Nov 25, 2024 to Mar 31, 2025
- Financial planning clients · unset to Nov 25, 2024 to Mar 31, 2025
- Discretionary RAUM · $3.3B to $4.5BNov 25, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $3.3B to $4.5BNov 25, 2024 to Mar 31, 2025
- RAUM · $3.3B to $4.5BNov 25, 2024 to Mar 31, 2025
- Private funds · 8 to 10Jul 3, 2024 to Nov 25, 2024
- Advisory employees · 15 to 18Mar 31, 2023 to Mar 29, 2024
- Assets in custody · $2.5B to $3.3BMar 31, 2023 to Mar 29, 2024
- Employees · 30 to 31Mar 31, 2023 to Mar 29, 2024
- Discretionary RAUM · $2.5B to $3.3BMar 31, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $2.5B to $3.3BMar 31, 2023 to Mar 29, 2024
- RAUM · $2.5B to $3.3BMar 31, 2023 to Mar 29, 2024
- Advisory employees · 16 to 15Mar 31, 2022 to Mar 31, 2023
- Assets in custody · $2.9B to $2.5BMar 31, 2022 to Mar 31, 2023
- Discretionary RAUM · $2.9B to $2.5BMar 31, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $2.9B to $2.5BMar 31, 2022 to Mar 31, 2023
- RAUM · $2.9B to $2.5BMar 31, 2022 to Mar 31, 2023
- Accounts · 6 to 13Oct 29, 2021 to Mar 31, 2022
- Advisory employees · 12 to 16Oct 29, 2021 to Mar 31, 2022
- Pooled vehicle clients · 5 to 12Oct 29, 2021 to Mar 31, 2022
- Assets in custody · $1.7B to $2.9BOct 29, 2021 to Mar 31, 2022
- Employees · 21 to 30Oct 29, 2021 to Mar 31, 2022
- Private funds · 3 to 8Oct 29, 2021 to Mar 31, 2022
- Discretionary RAUM · $1.7B to $2.9BOct 29, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $1.7B to $2.9BOct 29, 2021 to Mar 31, 2022
- RAUM · $1.7B to $2.9BOct 29, 2021 to Mar 31, 2022
- Other offices · 0 to 1Mar 31, 2021 to Oct 29, 2021
- Accounts · 3 to 6Jul 31, 2020 to Mar 31, 2021
Signals
8 dated events
- X• L• reported RAUM $7.4B, up 66% from $4.5B (2026-02-18 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- X• L• reported RAUM $4.5B, up 36% from $3.3B (2024-11-25 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- X• L• reported RAUM $3.3B, up 30% from $2.5B (2023-03-31 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Anish Sheth (Trustee) no longer on Schedule A of X• L• (listed 2023-03-31, absent 2024-03-29)Mar 29, 2024 · Control person left · inference
- X• L• reported RAUM $2.9B, up 67% from $1.7B (2021-10-29 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- X• L• reported RAUM $1.7B, up 165% from $655.2M (2020-07-31 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- L Thomas O'Grady (General Counsel And Chief Compliance Officer) appeared on Schedule A of X• L•Jul 31, 2020 · Control person joined · fact
- X• L• filed its initial SEC registration (Form ADV)Mar 19, 2020 · 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
- Firm profile
- linkedin.com/company/xnreportedpublic record, Form ADV, Sep 19, 2026
- Website
- x•••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 646-849-0500reportedpublic 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