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

P•••••• A•••••••• L••

Asset manager (funds and pooled vehicles)Denver, ColoradoCRD 309653SEC 801-119013websiteIAPD
Latest filing Aug 7, 2026
First filing on the tape Jun 5, 2020 · 18 filings
SEC status approved since Jul 6, 2020
RAUM
$451M
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
12
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$451M as of Aug 7, 2026
Mar 15, 2021$16.8M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Aug 7, 2026
Mar 15, 20210 then
Employees (5.A)12 as of Aug 7, 2026
Mar 15, 20218 then
Private funds: no history
RAUM +75% over the last fiscal year+59% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Aug 7, 2026; every figure names its basis
RAUM per advisor
$226MderivedRAUM 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
$451MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
6.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+44%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for investment companies, otherreportedItem 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
  • 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$451M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=10.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B•••• M••••••• A• · Chief Executive Officercontrol
    since 06/2020 · owns less than 5%
  • B•••• M••••••• A• · Membercontrol
    since 08/2022 · owns 75% or more of P•••••• I••••••••• L••
  • B•••• M••••••• A• · Membercontrol
    since 12/2019 · owns 75% or more of P•••••• P•••••• E••••• L••
  • A•••• E••••••••• N•• · Chief Compliance Officer
    since 06/2022 · owns less than 5%
Entity owners
  • P•••••• C•••••• L•• · Managing Member
    direct · owns 75% or more
  • P•••••• I••••••••• L•• · Member
    indirect · owns 50% to 75% of P•••••• C•••••• L••
  • P•••••• P•••••• E••••• L•• · Member
    indirect · owns 50% to 75% of P•••••• C•••••• L••
  • A•• I••••••••• L•• · Owner
    direct · owns less than 5%
  • M••••• I••••••••• G•••• I•• · Owner
    direct · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Denver, Co · principal000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • business activity changedChange between filings · filing Aug 7, 2026
    advises private funds (Item 7.B): no on the filing of 2026-03-12, yes on the filing of 2026-08-07
    peers: asset managers, $100M to $500M (1,567)
What changed
consecutive filings, newest first
  • Advisory activities · 1 to 2
    Mar 12, 2026 to Aug 7, 2026
  • Discretionary RAUM · $372M to $451M
    Mar 12, 2026 to Aug 7, 2026
  • RAUM · $372M to $451M
    Mar 12, 2026 to Aug 7, 2026
  • Discretionary RAUM · $258M to $372M
    Mar 7, 2025 to Mar 12, 2026
  • RAUM · $258M to $372M
    Mar 7, 2025 to Mar 12, 2026
  • BD registered reps · 8 to 10
    Aug 15, 2024 to Mar 7, 2025
  • Employees · 8 to 12
    Aug 15, 2024 to Mar 7, 2025
  • Insurance-licensed employees · 0 to 2
    Aug 15, 2024 to Mar 7, 2025
  • Financial planning clients · 0 to 0
    Aug 15, 2024 to Mar 7, 2025
  • State-registered IARs · 3 to 2
    Aug 15, 2024 to Mar 7, 2025
  • Discretionary RAUM · $161M to $258M
    Aug 15, 2024 to Mar 7, 2025
  • RAUM · $161M to $258M
    Aug 15, 2024 to Mar 7, 2025
  • Related adviser · false to true
    Feb 1, 2024 to Aug 15, 2024
  • BD registered reps · 7 to 8
    Jan 4, 2024 to Feb 1, 2024
  • State-registered IARs · 2 to 3
    Jan 4, 2024 to Feb 1, 2024
  • Discretionary RAUM · $113M to $161M
    Jan 4, 2024 to Feb 1, 2024
  • RAUM · $113M to $161M
    Jan 4, 2024 to Feb 1, 2024
  • BD registered reps · 2 to 7
    Oct 3, 2023 to Jan 4, 2024
  • Employees · 2 to 8
    Oct 3, 2023 to Jan 4, 2024
  • State-registered IARs · 0 to 2
    Oct 3, 2023 to Jan 4, 2024
  • BD registered reps · 6 to 2
    Aug 31, 2023 to Oct 3, 2023
  • Employees · 9 to 2
    Aug 31, 2023 to Oct 3, 2023
  • Employees · 6 to 9
    Feb 13, 2023 to Aug 31, 2023
  • Discretionary RAUM · $67.3M to $113M
    Aug 18, 2022 to Feb 13, 2023
  • RAUM · $67.3M to $113M
    Aug 18, 2022 to Feb 13, 2023
  • BD registered reps · 0 to 6
    Mar 15, 2021 to Mar 28, 2022
  • Employees · 8 to 6
    Mar 15, 2021 to Mar 28, 2022
  • Discretionary RAUM · $16.8M to $67.3M
    Mar 15, 2021 to Mar 28, 2022
  • RAUM · $16.8M to $67.3M
    Mar 15, 2021 to Mar 28, 2022
  • Employees · 6 to 8
    Oct 2, 2020 to Mar 15, 2021
  • Discretionary RAUM · $101,723 to $16.8M
    Oct 2, 2020 to Mar 15, 2021
  • RAUM · $101,723 to $16.8M
    Oct 2, 2020 to Mar 15, 2021
  • Accounts · unset to 1.0
    Jun 17, 2020 to Oct 2, 2020
  • Discretionary RAUM · unset to 101723.0
    Jun 17, 2020 to Oct 2, 2020
  • Non-discretionary RAUM · unset to 0.0
    Jun 17, 2020 to Oct 2, 2020
  • RAUM · unset to 101723.0
    Jun 17, 2020 to Oct 2, 2020
Signals
5 dated events
  • P•••••• A•••••••• L•• reported RAUM $371.6M, up 44% from $257.5M (2025-03-07 to 2026-03-12)
    Mar 12, 2026 · RAUM change · derived
  • E•••••••• A••• left P•••••• A•••••••• L•• for M••••• C••••••• L•• (registered 2025-01-16)
    Apr 8, 2025 · Advisor changed firm · fact
  • Steven Mark Sunderhuse (Managing Director) no longer on Schedule A of P•••••• A•••••••• L•• (listed 2022-06-06, absent 2022-08-17)
    Aug 17, 2022 · Control person left · inference
  • Adam Goldman (Managing Director) no longer on Schedule A of P•••••• A•••••••• L•• (listed 2022-06-06, absent 2022-08-17)
    Aug 17, 2022 · Control person left · inference
  • P•••••• A•••••••• L•• filed its initial SEC registration (Form ADV)
    Jun 5, 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
Firm profile
linkedin.com/company/primark-capitalreportedpublic record, Form ADV, Sep 18, 2026
Website
primarkcapital.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
303-529-2200reportedpublic record, Form ADV, Aug 7, 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