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
N•••• R••• C•••••• M••••••••• L•
Latest filing Mar 30, 2026
First filing on the tape Jun 27, 2022 · 8 filings
SEC status approved since Jul 29, 2022
RAUM
$4.1B
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
8
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$4.1B as of Mar 30, 2026
Mar 21, 2023$1.9B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 21, 20230 then
Employees (5.A)8 as of Mar 30, 2026
Mar 21, 20233 then
Private funds2 as of Mar 30, 2026
Mar 21, 20231 then
RAUM +6.9% over the last fiscal year+29% 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
- $414MderivedRAUM 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
- +6.9%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 vehicles, portfolio management for investment companiesreportedItem 5.G
- Custody
- $1.7B, 4 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$3.8B93%
- Investment companies$298M7.2%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 10reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.7B for 4 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
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| N•••• R••• C•••••• L• | Hedge Fund | $991M | 57 | Feb 24, 2021 |
Owners and control persons
Schedule A and B, latest filing
- H••••• J••••• H• · Limited Partnercontrolsince 08/2020 · owns 75% or more
- L••••••• D•••••• M•••••• · Chief Operating Officer, Chief Compliance Officercontrolsince 05/2022 · owns less than 5%
- H••••• J••••• H• · Managing Membercontrolsince 08/2020 · owns 75% or more of N•••• R••• C•••••• M••••••••• G• L••
Entity owners
- N•••• R••• C•••••• M••••••••• G• L•• · General Partnerdirect · owns less than 5%
Related persons
Schedule D 7.A
- N•••• R••• C•••••• L••bankpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Assets in custody · $1.4B to $1.7BMay 21, 2025 to Mar 30, 2026
- Employees · 7 to 8May 21, 2025 to Mar 30, 2026
- Discretionary RAUM · $3.9B to $4.1BMay 21, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $3.6B to $3.8BMay 21, 2025 to Mar 30, 2026
- RAUM · $3.9B to $4.1BMay 21, 2025 to Mar 30, 2026
- Financial planning clients · unset to Mar 28, 2025 to May 21, 2025
- Accounts · 8 to 10Apr 24, 2024 to Mar 28, 2025
- Advisory employees · 4 to 3Apr 24, 2024 to Mar 28, 2025
- Pooled vehicle clients · 7 to 9Apr 24, 2024 to Mar 28, 2025
- Assets in custody · $991M to $1.4BApr 24, 2024 to Mar 28, 2025
- Employees · 6 to 7Apr 24, 2024 to Mar 28, 2025
- Private funds · 1 to 2Apr 24, 2024 to Mar 28, 2025
- Discretionary RAUM · $3.3B to $3.9BApr 24, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $3.1B to $3.6BApr 24, 2024 to Mar 28, 2025
- RAUM · $3.3B to $3.9BApr 24, 2024 to Mar 28, 2025
- Assets in custody · $1.5B to $991MMar 25, 2024 to Apr 24, 2024
- Discretionary RAUM · $3.8B to $3.3BMar 25, 2024 to Apr 24, 2024
- Pooled vehicle RAUM · $3.6B to $3.1BMar 25, 2024 to Apr 24, 2024
- RAUM · $3.8B to $3.3BMar 25, 2024 to Apr 24, 2024
- Advisory employees · 2 to 4Aug 9, 2023 to Mar 25, 2024
- Assets in custody · $532M to $1.5BAug 9, 2023 to Mar 25, 2024
- Employees · 3 to 6Aug 9, 2023 to Mar 25, 2024
- Other offices · 0 to 1Aug 9, 2023 to Mar 25, 2024
- Discretionary RAUM · $1.9B to $3.8BAug 9, 2023 to Mar 25, 2024
- Pooled vehicle RAUM · $1.7B to $3.6BAug 9, 2023 to Mar 25, 2024
- RAUM · $1.9B to $3.8BAug 9, 2023 to Mar 25, 2024
- Accounts · 5 to 8Jun 27, 2022 to Mar 21, 2023
- Advisory employees · 3 to 2Jun 27, 2022 to Mar 21, 2023
- Advisory activities · 1 to 2Jun 27, 2022 to Mar 21, 2023
- Pooled vehicle clients · 5 to 7Jun 27, 2022 to Mar 21, 2023
- Assets in custody · $60.4M to $532MJun 27, 2022 to Mar 21, 2023
- Employees · 4 to 3Jun 27, 2022 to Mar 21, 2023
- Private funds · 2 to 1Jun 27, 2022 to Mar 21, 2023
- Discretionary RAUM · $766M to $1.9BJun 27, 2022 to Mar 21, 2023
- Pooled vehicle RAUM · $766M to $1.7BJun 27, 2022 to Mar 21, 2023
- RAUM · $766M to $1.9BJun 27, 2022 to Mar 21, 2023
Signals
3 dated events
- N•••• R••• C•••••• M••••••••• L• reported RAUM $3.8B, up 98% from $1.9B (2023-08-09 to 2024-03-25)Mar 25, 2024 · RAUM change · derived
- N•••• R••• C•••••• M••••••••• L• reported RAUM $1.9B, up 154% from $766.2M (2022-06-27 to 2023-03-21)Mar 21, 2023 · RAUM change · derived
- N•••• R••• C•••••• M••••••••• L• filed its initial SEC registration (Form ADV)Jun 27, 2022 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- N•••• R••• C•••••• M••••••••• L• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/north-reef-capitalreportedpublic record, Form ADV, Sep 21, 2026
- Website
- n•••••••••.comreportedpublic record, Form ADV, Sep 21, 2026
- Principal office phone
- 949-482-2121reportedpublic 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