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
Z•••••• A••••••• L••
Latest filing Dec 24, 2025
First filing on the tape Jun 24, 2024 · 6 filings
SEC status approved since Jul 26, 2024
RAUM
$2.1B
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
11
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
58
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$2.1B as of Dec 24, 2025
Dec 23, 2024$507M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Dec 24, 2025
Dec 23, 20240 then
Employees (5.A)11 as of Dec 24, 2025
Dec 23, 202412 then
Private funds58 as of Dec 24, 2025
Dec 23, 202425 then
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Dec 24, 2025; 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
- $35.9MderivedRAUM 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
- unknownderivedbetween 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
- Custody
- $2.1B, 58 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)
- 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$2.1B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 58reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $2.1B for 58 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true 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
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
32 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| C•••••• A••••••••• S••••••••• L•• | Private Equity Fund | $420M | 29 | Jun 24, 2024 |
| Z•••••• P••••••• F••• L•• | Private Equity Fund | $195M | 78 | Jun 24, 2024 |
| P•••••• T••••••••• I••••••••• L•• | Private Equity Fund | $83.2M | 40 | Jun 24, 2024 |
| G••••• V••••••• L•• • F••••• I• | Private Equity Fund | $24.3M | 4 | Dec 23, 2024 |
| T••••••••• H••••••• L•• | Private Equity Fund | $24.3M | 54 | Jun 24, 2024 |
| Z• H•• I• L•• | Private Equity Fund | $19.0M | 2 | Jun 24, 2024 |
| G••••• V••••••• L•• • F••••• I• | Private Equity Fund | $16.4M | 23 | Dec 23, 2024 |
| C•••••• A••••••••• S••••••••• I• L•• | Private Equity Fund | $14.1M | 6 | Jun 24, 2024 |
| G•••• W•• L•• • S••••• 1• | Private Equity Fund | $10.0M | 1 | Jun 24, 2024 |
| Z•••••• V• F••• S••••• L•• • S••••• 1• | Private Equity Fund | $10.0M | 1 | Jun 24, 2024 |
| U••••••••• S•• 6• S•••••• L•• | Private Equity Fund | $9.8M | 24 | Jun 24, 2024 |
| T•• T••• P•••••• L•• | Private Equity Fund | $9.6M | 22 | Jun 24, 2024 |
| P•••••• T••••••••• I••••••••• I• L•• | Private Equity Fund | $8.2M | 13 | Dec 23, 2024 |
| P•••••• A• I••••••••• L•• | Private Equity Fund | $7.7M | 35 | Dec 23, 2024 |
| R••••• D•••••• T••• L•• | Private Equity Fund | $7.0M | 1 | Dec 23, 2024 |
| Z• H•• I• L•• | Private Equity Fund | $5.6M | 1 | Dec 23, 2024 |
| G•••• W•• L•• • S••••• 2• | Private Equity Fund | $5.0M | 1 | Jun 24, 2024 |
| Z• H•• I•• | Private Equity Fund | $4.3M | 3 | Dec 23, 2024 |
| N•••• S•••••••• V••••••• X• L•• | Private Equity Fund | $3.9M | 2 | Jun 24, 2024 |
| Z• E••• I• L•• | Private Equity Fund | $3.0M | 1 | Jun 24, 2024 |
| N•••• S•••••••• V••••••• I• L•• | Private Equity Fund | $2.7M | 24 | Jun 24, 2024 |
| Z• H•• I• L•• | Private Equity Fund | $2.3M | 2 | Jun 24, 2024 |
| Z•••••• P••••••• F••• I• L•• | Private Equity Fund | $2.1M | 1 | Jun 24, 2024 |
| A• I••••••••• F••• L•• | Private Equity Fund | $2.1M | 10 | Dec 23, 2024 |
| Z• X• L•• | Private Equity Fund | $1.8M | 3 | Jun 24, 2024 |
| N•••• S•••••••• V••••••• X• L•• | Private Equity Fund | $1.7M | 2 | Jun 24, 2024 |
| Z• E••• L•• | Private Equity Fund | $1.3M | 1 | Jun 24, 2024 |
| N•••• S•••••••• V••••••• V•• L•• | Private Equity Fund | $947,652 | 7 | Jun 24, 2024 |
| N•••• S•••••••• V••••••• I• L•• | Private Equity Fund | $760,744 | 6 | Jun 24, 2024 |
| Z• F••• L•• | Private Equity Fund | $750,007 | 1 | Jun 24, 2024 |
| Z• R••• L•• | Private Equity Fund | $401,309 | 1 | Jun 24, 2024 |
| Z• A••• L•• | Private Equity Fund | $231,372 | 1 | Jun 24, 2024 |
Owners and control persons
Schedule A and B, latest filing
- R•••••••• M••••••• · Ccocontrolsince 03/2024 · owns less than 5%
- S•••• K••• N•••••• · Chief Executive Officercontrolsince 04/2018 · owns less than 5%
- W•••••• G•••••• L•••• · Presidentcontrolsince 04/2018 · owns less than 5%
- Z••••••••• E•••••••• · Chief Operating Officercontrolsince 04/2018 · owns less than 5%
Entity owners
- Z•••••• H•••••• C•••••• L•• · Memberdirect · owns 75% or more
- Z••••••• I••• · Memberindirect · owns 75% or more of Z•••••• H•••••• C•••••• L••
Related persons
Schedule D 7.A
- P•••••• T••••••••• V••••••• L••pooled vehicle sponsorn
- Z•••••• C•••••• L••pooled vehicle sponsorn
- Z•••••• S••••••••• L••broker-dealercustodiann
- Z•••••• U• L••broker-dealern
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 25 to 58May 2, 2025 to Dec 24, 2025
- Pooled vehicle clients · 25 to 58May 2, 2025 to Dec 24, 2025
- Assets in custody · $507M to $2.1BMay 2, 2025 to Dec 24, 2025
- Employees · 12 to 11May 2, 2025 to Dec 24, 2025
- Private funds · 25 to 58May 2, 2025 to Dec 24, 2025
- Discretionary RAUM · $507M to $2.1BMay 2, 2025 to Dec 24, 2025
- Pooled vehicle RAUM · $507M to $2.1BMay 2, 2025 to Dec 24, 2025
- RAUM · $507M to $2.1BMay 2, 2025 to Dec 24, 2025
- Financial planning clients · unset to May 1, 2025 to May 2, 2025
- Accounts · 24 to 25Sep 30, 2024 to Dec 23, 2024
- BD registered reps · 6 to 10Sep 30, 2024 to Dec 23, 2024
- Pooled vehicle clients · 24 to 25Sep 30, 2024 to Dec 23, 2024
- Assets in custody · $335M to $507MSep 30, 2024 to Dec 23, 2024
- Employees · 8 to 12Sep 30, 2024 to Dec 23, 2024
- Private funds · 24 to 25Sep 30, 2024 to Dec 23, 2024
- Discretionary RAUM · $335M to $507MSep 30, 2024 to Dec 23, 2024
- Pooled vehicle RAUM · $335M to $507MSep 30, 2024 to Dec 23, 2024
- RAUM · $335M to $507MSep 30, 2024 to Dec 23, 2024
Signals
3 dated events
- Z•••••• A••••••• L•• reported RAUM $2.1B, up 310% from $506.9M (2025-05-02 to 2025-12-24)Dec 24, 2025 · RAUM change · derived
- Z•••••• A••••••• L•• reported RAUM $506.9M, up 51% from $335.2M (2024-09-30 to 2024-12-23)Dec 23, 2024 · RAUM change · derived
- Z•••••• A••••••• L•• filed its initial SEC registration (Form ADV)Jun 24, 2024 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Z•••••• A••••••• L•• · Independent Sponsorsshared crd · capital_provider
- Z•••••• A••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/zanbatoreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 866-926-2286reportedpublic record, Form ADV, Dec 24, 2025
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