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

I•••••••• C•••••• P•••••••• L•••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 309419SEC 801-118967websiteIAPD
Latest filing May 27, 2026
First filing on the tape May 26, 2020 · 26 filings
SEC status approved since Jun 25, 2020
RAUM
$591M
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
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$591M as of May 27, 2026
Mar 31, 2021$1.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 27, 2026
Mar 31, 20210 then
Employees (5.A)4 as of May 27, 2026
Mar 31, 202113 then
Private funds4 as of May 27, 2026
Mar 31, 20212 then
RAUM -11% over the last fiscal year-39% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 27, 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
$65.7MderivedRAUM 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
-11%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
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$591M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
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=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
      5 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • H••••• G•••••• F•••• · Limited Partner; Managing Partnercontrol
        since 05/2020 · owns 10% to 25%
      • P•••••• P•••••••• B••••••••• · General Counsel & Chief Compliance Officercontrol
        since 01/2021 · owns less than 5%
      • S••• C••••• W••• · Chief Financial Officercontrol
        since 07/2020 · owns less than 5%
      • S•••••••• A•••• T•••••• · Chief Operating Officercontrol
        since 07/2020 · owns less than 5%
      • U••••• J••••••• W••••••• · Limited Partner; Managing Partner; Portfolio Managercontrol
        since 07/2020 · owns 75% or more
      • H••••• G•••••• F•••• · Managing Membercontrol
        since 05/2020 · owns F of I•••••••• C•••••• P•••••••• L•••••
      • U••••• J••••••• W••••••• · Managing Membercontrol
        since 07/2020 · owns 75% or more of I•••••••• C•••••• P•••••••• L•••••
      • S•••••• W••••••• J••••• · Limited Partner
        since 07/2020 · owns less than 5%
      Entity owners
      • I•••••••• C•••••• P•••••••• L••••• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • S••••• G• I• L•••
        bankpooled vehicle sponsorn
      • S••••• G• I•• L•••
        bankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $662M to $591M
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $662M to $591M
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $662M to $591M
        Mar 31, 2025 to Mar 31, 2026
      • Accounts · 10 to 9
        Jan 8, 2025 to Mar 31, 2025
      • Advisory employees · 8 to 3
        Jan 8, 2025 to Mar 31, 2025
      • Advisory activities · 2 to 1
        Jan 8, 2025 to Mar 31, 2025
      • Employees · 22 to 4
        Jan 8, 2025 to Mar 31, 2025
      • Financial planning clients · unset to
        Jan 8, 2025 to Mar 31, 2025
      • Discretionary RAUM · $1.7B to $662M
        Jan 8, 2025 to Mar 31, 2025
      • Pooled vehicle RAUM · $1.7B to $662M
        Jan 8, 2025 to Mar 31, 2025
      • RAUM · $1.7B to $662M
        Jan 8, 2025 to Mar 31, 2025
      • Advisory employees · 10 to 8
        Jan 2, 2024 to Mar 29, 2024
      • Employees · 21 to 22
        Jan 2, 2024 to Mar 29, 2024
      • Discretionary RAUM · $2.7B to $1.7B
        Jan 2, 2024 to Mar 29, 2024
      • Pooled vehicle RAUM · $2.7B to $1.7B
        Jan 2, 2024 to Mar 29, 2024
      • RAUM · $2.7B to $1.7B
        Jan 2, 2024 to Mar 29, 2024
      • Accounts · 9 to 10
        Mar 1, 2023 to Mar 31, 2023
      • Pooled vehicle clients · 8 to 9
        Mar 1, 2023 to Mar 31, 2023
      • Assets in custody · 1753342000.0 to unset
        Mar 1, 2023 to Mar 31, 2023
      • Custody of client assets · true to false
        Mar 1, 2023 to Mar 31, 2023
      • Employees · 18 to 21
        Mar 1, 2023 to Mar 31, 2023
      • Discretionary RAUM · $2.1B to $2.7B
        Mar 1, 2023 to Mar 31, 2023
      • Pooled vehicle RAUM · $2.1B to $2.7B
        Mar 1, 2023 to Mar 31, 2023
      • RAUM · $2.1B to $2.7B
        Mar 1, 2023 to Mar 31, 2023
      • Private funds · 3 to 4
        Jul 27, 2022 to Mar 1, 2023
      • Accounts · 5 to 9
        Aug 30, 2021 to Mar 31, 2022
      • Advisory employees · 6 to 10
        Aug 30, 2021 to Mar 31, 2022
      • Advisory activities · 1 to 2
        Aug 30, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 5 to 8
        Aug 30, 2021 to Mar 31, 2022
      • Assets in custody · $1.3B to $1.8B
        Aug 30, 2021 to Mar 31, 2022
      • Employees · 13 to 18
        Aug 30, 2021 to Mar 31, 2022
      • Private funds · 4 to 3
        Aug 30, 2021 to Mar 31, 2022
      • Discretionary RAUM · $1.3B to $2.1B
        Aug 30, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $1.3B to $2.1B
        Aug 30, 2021 to Mar 31, 2022
      • RAUM · $1.3B to $2.1B
        Aug 30, 2021 to Mar 31, 2022
      • Private funds · 2 to 4
        May 17, 2021 to Aug 27, 2021
      • Assets in custody · $1.3B to $1.3B
        Apr 1, 2021 to May 5, 2021
      • Discretionary RAUM · $1.3B to $1.3B
        Apr 1, 2021 to May 5, 2021
      • Pooled vehicle RAUM · $1.3B to $1.3B
        Apr 1, 2021 to May 5, 2021
      • RAUM · $1.3B to $1.3B
        Apr 1, 2021 to May 5, 2021
      Signals
      12 dated events
      • I•••••••• C•••••• P•••••••• L••• reported RAUM $662.3M, down 62% from $1.7B (2025-01-08 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • I•••••••• C•••••• P•••••••• L••• reported RAUM $1.7B, down 35% from $2.7B (2024-01-02 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • Eva Tiffany Zlotnicka (Limited Partner; Managing Partner) no longer on Schedule A of I•••••••• C•••••• P•••••••• L••• (listed 2023-07-31, absent 2024-01-02)
        Jan 2, 2024 · Control person left · inference
      • Lynn Forester De Rothschild (Limited Partner; Managing Partner) no longer on Schedule A of I•••••••• C•••••• P•••••••• L••• (listed 2023-05-12, absent 2023-07-31)
        Jul 31, 2023 · Control person left · inference
      • I•••••••• C•••••• P•••••••• L••• reported RAUM $2.7B, up 30% from $2.1B (2023-03-01 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • I•••••••• C•••••• P•••••••• L••• reported RAUM $2.1B, up 60% from $1.3B (2021-08-30 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Baptiste-Henri Philippe Pradel (Chief Compliance Officer And Legal Counsel) appeared on Schedule A of I•••••••• C•••••• P•••••••• L•••
        Jan 7, 2021 · Control person joined · fact
      • Wing Chuck Siu (Chief Financial Officer) appeared on Schedule A of I•••••••• C•••••• P•••••••• L•••
        Jul 8, 2020 · Control person joined · fact
      • Eva Tiffany Zlotnicka (Limited Partner) appeared on Schedule A of I•••••••• C•••••• P•••••••• L•••
        Jul 8, 2020 · Control person joined · fact
      • Williams Jeffrey Ubben (Limited Partner) appeared on Schedule A of I•••••••• C•••••• P•••••••• L•••
        Jul 8, 2020 · Control person joined · fact
      • Therese Anne Sullivan (Chief Compliance Officer) appeared on Schedule A of I•••••••• C•••••• P•••••••• L•••
        Jul 8, 2020 · Control person joined · fact
      • I•••••••• C•••••• P•••••••• L••• filed its initial SEC registration (Form ADV)
        May 26, 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/inclusive-capital-partnersreportedpublic record, Form ADV, Sep 19, 2026
      Website
      i•••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      708-302-0775reportedpublic record, Form ADV, Sep 17, 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