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
F••••••••• P••••••• L•
Latest filing Mar 31, 2026
First filing on the tape Jun 28, 2022 · 10 filings
SEC status approved since Sep 12, 2022
RAUM
$3.3B
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
11
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
15
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$3.3B as of Mar 31, 2026
Mar 28, 2023$1.0B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20230 then
Employees (5.A)11 as of Mar 31, 2026
Mar 28, 20239 then
Private funds15 as of Mar 31, 2026
Mar 28, 20233 then
RAUM +72% over the last fiscal year+48% 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
- $219MderivedRAUM 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
- +72%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
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$3.3B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 15reported
- 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
5 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| F••••••••• P••••••• F••• I•• L• | Private Equity Fund | $587M | 251 | Mar 28, 2023 |
| F••••••••• P••••••• F••• I• L• | Private Equity Fund | $344M | 93 | Jun 2, 2021 |
| F••••••••• P•••••• F••• I• L• | Private Equity Fund | $69.8M | 93 | Jun 28, 2022 |
| F••••••••• A•••••••• F••• I• L• | Private Equity Fund | $63.7M | 104 | Mar 27, 2024 |
| F••••••••• P••••••• F••• I•••• L• | Private Equity Fund | $33.2M | 5 | Mar 27, 2024 |
Owners and control persons
Schedule A and B, latest filing
- B•••••• M•••• D• · Chief Financial Officercontrolsince 11/2023 · owns less than 5%
- L•••••• B••••• B••••••• · Limited Partner, Managing Partner, Co-Founder, Chief Compliance Officercontrolsince 09/2020 · owns 10% to 25%
- S••••••••• B••••• S•••• · Managing Partner, Co-Foundercontrolsince 08/2020 · owns less than 5%
- S••••••••• B••••• S•••• · Trusteecontrolsince 12/2012 · owns F of B•••• S• S•••••••• S•••••• L••••••• A••••• T••••
- S••••••••• B••••• S•••• · Partnercontrolsince 05/2018 · owns 75% or more of S•••••••• H•••••••• L•
- S••••••••• B••••• S•••• · Membercontrolsince 06/2020 · owns 75% or more of F••••••••• I••••••••• L••
- S••••••••• S•••••• · Trusteecontrolsince 12/2012 · owns F of B•••• S• S•••••••• S•••••• L••••••• A••••• T••••
Entity owners
- F••••••••• I••••••••• L•• · General Partnerdirect · owns less than 5%
- S•••••••• H•••••••• L• · Limited Partnerdirect · owns 50% to 75%
- B•••• S• S•••••••• S•••••• L••••••• A••••• T•••• · Limited Partnerdirect · owns 5% to 10%
- S•••••• M• S•••••••• 2••• I••••••••• T•••• · Limited Partnerdirect · owns 5% to 10%
Related persons
Schedule D 7.A
- F••••••••• A•••••••• F••• I• G•• L•pooled vehicle sponsorn
- F••••••••• P••••••• F••• I• G•• L•pooled vehicle sponsorn
- F••••••••• P••••••• F••• I• G•• L•pooled vehicle sponsorn
- F••••••••• P•••••• F••• I• G•• L•pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- private fund count surgeChange between filings · filing Mar 31, 2026private funds (Schedule D 7.B.1) moved from 7.0 to 15.0 (+114.0%) between the annual amendments of 2025-04-29 and 2026-03-31; the peer median change was 0.0% (1022 comparable advisers, 99.0th percentile of changes)peers: asset managers, $1B to $5B (1,022) · 99% percentile
- RAUM up 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $1,909,575,745 to $3,286,979,263 (+72.0%) between the annual amendments of 2025-04-29 and 2026-03-31; the peer median change was +11.0% (1368 comparable advisers, 91.0th percentile of changes)peers: asset managers, $1B to $5B (1,368) · 91% percentile
What changed
consecutive filings, newest first
- Accounts · 7 to 15Apr 29, 2025 to Mar 31, 2026
- Pooled vehicle clients · 7 to 15Apr 29, 2025 to Mar 31, 2026
- Private funds · 7 to 15Apr 29, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.9B to $3.3BApr 29, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $1.9B to $3.3BApr 29, 2025 to Mar 31, 2026
- RAUM · $1.9B to $3.3BApr 29, 2025 to Mar 31, 2026
- Accounts · 5 to 7May 2, 2024 to Apr 29, 2025
- Advisory employees · 10 to 11May 2, 2024 to Apr 29, 2025
- Pooled vehicle clients · 5 to 7May 2, 2024 to Apr 29, 2025
- Employees · 10 to 11May 2, 2024 to Apr 29, 2025
- Financial planning clients · unset to May 2, 2024 to Apr 29, 2025
- Private funds · 5 to 7May 2, 2024 to Apr 29, 2025
- Discretionary RAUM · $1.6B to $1.9BMay 2, 2024 to Apr 29, 2025
- Pooled vehicle RAUM · $1.6B to $1.9BMay 2, 2024 to Apr 29, 2025
- RAUM · $1.6B to $1.9BMay 2, 2024 to Apr 29, 2025
- Discretionary RAUM · $1.6B to $1.6BMar 27, 2024 to May 2, 2024
- Pooled vehicle RAUM · $1.6B to $1.6BMar 27, 2024 to May 2, 2024
- RAUM · $1.6B to $1.6BMar 27, 2024 to May 2, 2024
- Accounts · 3 to 5Nov 17, 2023 to Mar 27, 2024
- Advisory employees · 9 to 10Nov 17, 2023 to Mar 27, 2024
- Pooled vehicle clients · 3 to 5Nov 17, 2023 to Mar 27, 2024
- Employees · 9 to 10Nov 17, 2023 to Mar 27, 2024
- Private funds · 3 to 5Nov 17, 2023 to Mar 27, 2024
- Discretionary RAUM · $1.0B to $1.6BNov 17, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $1.0B to $1.6BNov 17, 2023 to Mar 27, 2024
- RAUM · $1.0B to $1.6BNov 17, 2023 to Mar 27, 2024
- Accounts · 2 to 3Nov 3, 2022 to Mar 28, 2023
- Pooled vehicle clients · 2 to 3Nov 3, 2022 to Mar 28, 2023
- Employees · 10 to 9Nov 3, 2022 to Mar 28, 2023
- Private funds · 2 to 3Nov 3, 2022 to Mar 28, 2023
- Discretionary RAUM · $524M to $1.0BNov 3, 2022 to Mar 28, 2023
- Pooled vehicle RAUM · $524M to $1.0BNov 3, 2022 to Mar 28, 2023
- RAUM · $524M to $1.0BNov 3, 2022 to Mar 28, 2023
- Private funds · 4 to 2Jun 28, 2022 to Sep 1, 2022
Signals
5 dated events
- F••••••••• P••••••• L• reported RAUM $3.3B, up 72% from $1.9B (2025-04-29 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- F••••••••• P••••••• L• reported RAUM $1.6B, up 59% from $1.0B (2023-11-17 to 2024-03-27)Mar 27, 2024 · RAUM change · derived
- D M••• B••••• (Chief Financial Officer) appeared on Schedule A of F••••••••• P••••••• L•Nov 17, 2023 · Control person joined · fact
- F••••••••• P••••••• L• reported RAUM $1.0B, up 92% from $524.2M (2022-11-03 to 2023-03-28)Mar 28, 2023 · RAUM change · derived
- F••••••••• P••••••• L• filed its initial SEC registration (Form ADV)Jun 28, 2022 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- F••••••••• P••••••• L• · Independent Sponsorsshared crd · capital_provider
- F••••••••• P••••••• L• · Private Equityshared crd · organization
- F••••••••• P••••••• L• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/formentera-partnersreportedpublic record, Form ADV, Sep 18, 2026
- Website
- formenterapartners.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 512-320-9812reportedpublic 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