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••••• C••••••

Asset manager (funds and pooled vehicles)Raleigh, North CarolinaCRD 310241SEC 801-126297websiteIAPD
Legal name P••••• C••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Jun 30, 2022 · 10 filings
SEC status approved since Aug 3, 2022
RAUM
$3.8B
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
50
33 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
17
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$3.8B as of Mar 30, 2026
Mar 30, 2023$500M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 30, 20230 then
Employees (5.A)50 as of Mar 30, 2026
Mar 30, 202342 then
Private funds17 as of Mar 30, 2026
Mar 30, 20234 then
RAUM +118% over the last fiscal year+96% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
$222MderivedRAUM 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
+118%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
  • 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)
  • 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$3.8B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
17reported
Financial planning clients
0reported
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
      13 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P••••• F••• V•• L•Private Equity Fund$274M23Mar 30, 2023
      P••••• F••• V••• L•••Private Equity Fund$268M129Mar 28, 2024
      P••••• E••••• F••••• L•Private Equity Fund$213M135Mar 30, 2021
      P••••• F••• I•••• L•••Private Equity Fund$198M141Mar 28, 2024
      P••••• F••• V•••• L•Private Equity Fund$173M99Mar 30, 2023
      P••••• F••• V••• L•••Private Equity Fund$107M49Mar 28, 2024
      P••••• F••• I•••• L•••Private Equity Fund$86.3M62Mar 28, 2024
      P••••• F••• I•••• L•••Private Equity Fund$85.0M68Mar 28, 2024
      P••••• F••• V••• L•Private Equity Fund$79.3M9Aug 26, 2020
      P••••• F••• V••• L•••Private Equity Fund$76.2M51Mar 28, 2024
      P••••• F••• I••• L•••••••••Private Equity Fund$53.0M97Mar 28, 2024
      P••••• F••• I••• L••• • Q•Private Equity Fund$53.0M93Mar 28, 2024
      P••••• F••• V•••• L•••Private Equity Fund$26.6M53Mar 28, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••• R•••••• R•••• · Co-Founder And Partnercontrol
        since 05/2005 · owns less than 5%
      • A•••••• W••••••• W•••••• · Partnercontrol
        since 01/2016 · owns less than 5%
      • A••••••••• C•••• · Operating Partnercontrol
        since 01/2022 · owns less than 5%
      • B•••• A••••••••• C••••••••• · Partnercontrol
        since 01/2016 · owns less than 5%
      • B•••••• M••••••• S••• · Co-Founder And Partnercontrol
        since 05/2005 · owns less than 5%
      • B•••••••• B••••••• R••••••• · Principalcontrol
        since 01/2022 · owns less than 5%
      • C••••• K••••••• C•••••• · Principalcontrol
        since 01/2022 · owns less than 5%
      • J•••••• J•••• C•••••• · Partnercontrol
        since 12/2019 · owns less than 5%
      • P••••••• M••••••• K••• · Co-Founder And Managing Partnercontrol
        since 05/2005 · owns less than 5%
      • P••••• B••••••• J•••• · Principalcontrol
        since 01/2022 · owns less than 5%
      • P•••• R••••• M•••• · Chief Financial Officer & Chief Compliance Officercontrol
        since 09/2012 · owns less than 5%
      • W•••••• K••••••••• C•••• · Principalcontrol
        since 01/2022 · owns less than 5%
      • A•••••• A•••••• B••••••• · Trusteecontrol
        since 12/2020 · owns F of R••••• R• A•••••• J•• 2••• I••••••••• T•••• A•••••••• D•••• F•• 2•• 2•••
      • A•••••• W••••••• W•••••• · Trusteecontrol
        since 11/2012 · owns F of W•••••• W•••••• A••••• R•••••••• T•••• N••••••• 2•••• A• A••••••
      • A••••••••• C•••• · Trusteecontrol
        since 01/2022 · owns F of C••••••••• A•• C••••• J• A•••••••• T•••• D•••• N••••••• 5• 1•••
      • B•••• A••••••••• C••••••••• · Trusteecontrol
        since 07/2018 · owns F of A•••••••• C••••••••• B••• R•••••••• T•••• U•••• J••• 9• 2•••• A• A••••••
      • B•••••• M••••••• S••• · Trusteecontrol
        since 01/2022 · owns F of M•••••• S• B••••• R•••••••• T••••
      • B•••••••• B••••••• R••••••• · Trusteecontrol
        since 01/2022 · owns F of B••••••• R•••••••• T•••• D•••• F••••••• 1•• 2•••
      • J•••••• J•••• C•••••• · Trusteecontrol
        since 01/2022 · owns F of J••• C• J••••• I•• 2••• T••••
      • P••••••• M••••••• K••• · Trusteecontrol
        since 09/2013 · owns F of M•••••• K• P•••••• R•••••••• T•••• U•••• S•••••••• 4• 2•••• A• A••••••
      • S••••••••• N••• · Trusteecontrol
        since 01/2021 · owns F of H••••• K•••• L•••••• I•• R•••••••• T•••• U•••• J••• 2•• 2•••• A• A••••••
      • T•••••• D•••••• L••••• · Trusteecontrol
        since 01/2021 · owns F of H••••• K•••• L•••••• I•• R•••••••• T•••• U•••• J••• 2•• 2•••• A• A••••••
      • W•••••• K••••••••• C•••• · Trusteecontrol
        since 01/2022 · owns F of 2••• K•••••••• C•••• W••••• L••••• T•••• D•••• M•• 4• 2•••
      • G••••••• R•••••• S•••••• · Member
        since 05/2005 · owns 5% to 10%
      Entity owners
      • 2••• K•••••••• C•••• W••••• L••••• T•••• D•••• M•• 4• 2••• · Member
        direct · owns less than 5%
      • A•••••••• C••••••••• B••• R•••••••• T•••• U•••• J••• 9• 2•••• A• A•••••• · Member
        direct · owns less than 5%
      • B••••••• R•••••••• T•••• D•••• F••••••• 1•• 2••• · Member
        direct · owns less than 5%
      • C••••••••• A•• C••••• J• A•••••••• T•••• D•••• N••••••• 5• 1••• · Member
        direct · owns less than 5%
      • H••••• K•••• L•••••• I•• R•••••••• T•••• U•••• J••• 2•• 2•••• A• A•••••• · Member
        direct · owns 10% to 25%
      • J••• C• J••••• I•• 2••• T•••• · Member
        direct · owns 10% to 25%
      • M•••••• K• P•••••• R•••••••• T•••• U•••• S•••••••• 4• 2•••• A• A•••••• · Member
        direct · owns 10% to 25%
      • M•••••• S• B••••• R•••••••• T•••• · Member
        direct · owns 10% to 25%
      • R••••• R• A•••••• J•• 2••• I••••••••• T•••• A•••••••• D•••• F•• 2•• 2••• · Member
        direct · owns 10% to 25%
      • W•••••• W•••••• A••••• R•••••••• T•••• N••••••• 2•••• A• A•••••• · Member
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • P••••• E••••• F••• G• L•
        pooled vehicle sponsory
      • P••••• E••••• F••• G•• L••
        pooled vehicle sponsory
      • P••••• F••• I•• G•• L••
        pooled vehicle sponsory
      • P••••• F••• I• G• I• L••
        pooled vehicle sponsory
      • P••••• F••• I• G• I•• L••
        pooled vehicle sponsory
      • P••••• F••• V•• G•• L••
        pooled vehicle sponsory
      • P••••• F••• V•• G•• L••
        pooled vehicle sponsory
      • P••••• F••• V•• G•• L••
        pooled vehicle sponsory
      • P••••• F••• V•• G•• L••
        pooled vehicle sponsorn
      • P••••• F••• V• G•• L••
        pooled vehicle sponsory
      • P••••• F••• V• G•• L•
        pooled vehicle sponsory
      • P••••• F••• V••• G•• L••
        pooled vehicle sponsory
      • P••••• F••• V••• G•• L•
        pooled vehicle sponsory
      • P••••• F••• V••• G•• L••
        pooled vehicle sponsory
      • P••••• F••• V••• G•• L•
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      • Charlotte, NC1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM up 50 %Change between filings · filing Mar 30, 2026
        RAUM (Item 5.F) moved from $1,731,002,300 to $3,771,979,381 (+118.0%) between the annual amendments of 2025-03-28 and 2026-03-30; the peer median change was +11.0% (1368 comparable advisers, 95.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,368) · 95% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 13 to 17
        Jan 5, 2026 to Mar 30, 2026
      • Advisory employees · 30 to 33
        Jan 5, 2026 to Mar 30, 2026
      • Pooled vehicle clients · 13 to 17
        Jan 5, 2026 to Mar 30, 2026
      • Employees · 44 to 50
        Jan 5, 2026 to Mar 30, 2026
      • Private funds · 13 to 17
        Jan 5, 2026 to Mar 30, 2026
      • Discretionary RAUM · $1.7B to $3.8B
        Jan 5, 2026 to Mar 30, 2026
      • Pooled vehicle RAUM · $1.7B to $3.8B
        Jan 5, 2026 to Mar 30, 2026
      • RAUM · $1.7B to $3.8B
        Jan 5, 2026 to Mar 30, 2026
      • Advisory employees · 28 to 30
        Mar 28, 2024 to Mar 28, 2025
      • Employees · 45 to 44
        Mar 28, 2024 to Mar 28, 2025
      • Financial planning clients · 0 to 0
        Mar 28, 2024 to Mar 28, 2025
      • Discretionary RAUM · $1.7B to $1.7B
        Mar 28, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $1.7B to $1.7B
        Mar 28, 2024 to Mar 28, 2025
      • RAUM · $1.7B to $1.7B
        Mar 28, 2024 to Mar 28, 2025
      • Accounts · 4 to 13
        Jan 8, 2024 to Mar 28, 2024
      • Advisory employees · 25 to 28
        Jan 8, 2024 to Mar 28, 2024
      • Pooled vehicle clients · 4 to 13
        Jan 8, 2024 to Mar 28, 2024
      • Employees · 42 to 45
        Jan 8, 2024 to Mar 28, 2024
      • Private funds · 4 to 13
        Jan 8, 2024 to Mar 28, 2024
      • Discretionary RAUM · $500M to $1.7B
        Jan 8, 2024 to Mar 28, 2024
      • Pooled vehicle RAUM · $500M to $1.7B
        Jan 8, 2024 to Mar 28, 2024
      • RAUM · $500M to $1.7B
        Jan 8, 2024 to Mar 28, 2024
      • Financial planning clients · 1-10 to 0
        Mar 30, 2023 to Aug 24, 2023
      • Accounts · 2 to 4
        Jul 11, 2022 to Mar 30, 2023
      • Advisory employees · 16 to 25
        Jul 11, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 2 to 4
        Jul 11, 2022 to Mar 30, 2023
      • Employees · 34 to 42
        Jul 11, 2022 to Mar 30, 2023
      • Financial planning clients · unset to 1-10
        Jul 11, 2022 to Mar 30, 2023
      • Private funds · 2 to 4
        Jul 11, 2022 to Mar 30, 2023
      • Discretionary RAUM · $289M to $500M
        Jul 11, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $289M to $500M
        Jul 11, 2022 to Mar 30, 2023
      • RAUM · $289M to $500M
        Jul 11, 2022 to Mar 30, 2023
      • Private funds · 4 to 2
        Jun 30, 2022 to Jul 11, 2022
      Signals
      5 dated events
      • P••••• C•••••• reported RAUM $3.8B, up 118% from $1.7B (2026-01-05 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • P••••• C•••••• reported RAUM $1.7B, up 239% from $499.6M (2024-01-08 to 2024-03-28)
        Mar 28, 2024 · RAUM change · derived
      • P••••• C•••••• reported RAUM $499.6M, up 73% from $289.5M (2022-07-11 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • Naginlal Keyuri Patel (Chief Operating Officer) no longer on Schedule A of P••••• C•••••• (listed 2022-07-11, absent 2023-03-30)
        Mar 30, 2023 · Control person left · inference
      • P••••• C•••••• filed its initial SEC registration (Form ADV)
        Jun 30, 2022 · 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
      Website
      plexuscap.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      919-256-6340reportedpublic record, Form ADV, Mar 30, 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