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
A•••• A••••••••• L••
Latest filing Jul 16, 2026
First filing on the tape May 24, 2021 · 26 filings
SEC status approved since Jun 23, 2021
RAUM
$1.5B
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
57
12 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
6
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$1.5B as of Jul 16, 2026
Mar 25, 2022$874M then
HNW client RAUM: no history
State-registered IARs (5.B.3)3 as of Jul 16, 2026
Mar 25, 20220 then
Employees (5.A)57 as of Jul 16, 2026
Mar 25, 202242 then
Private funds6 as of Jul 16, 2026
Mar 25, 20222 then
RAUM +4.5% over the last fiscal year-1.2% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Jul 16, 2026; every figure names its basis
- RAUM per advisor
- $504MderivedRAUM 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
- $252MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 19.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +4.5%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, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $549M, 6 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
- 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)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$1.5B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 6reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $549M for 6 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=true bd_reps=11.0derived
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
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P•••••• B••••• L• | Private Equity Fund | $1.4B | 13 | Oct 21, 2021 |
| P•••••• B•••• C••••••••• P••••••••• F•••• L• | Private Equity Fund | $112M | 2 | Oct 21, 2021 |
| P•••••• B•••• S••••• I• I•••••••• C••••••••• L•• | Private Equity Fund | $97.5M | 2 | Mar 31, 2023 |
Owners and control persons
Schedule A and B, latest filing
- A••••• P••••• L•••••• · M••••••controlsince 04/2021 · owns less than 5%
- B•••• J••••• A•••• · M••••••controlsince 11/2023 · owns less than 5%
- B•••••• Y•• · Senior Managing Director, Head Of Investmentscontrolsince 02/2024 · owns less than 5%
- B••••••••• S••••• S••••• · M••••••controlsince 11/2023 · owns less than 5%
- B•••• L•••••• A•••••• · Chairman, Chief Executive Officer, Co-Founder, And M••••••controlsince 04/2021 · owns 5% to 10%
- F•••••• V••••• L••• · M••••••controlsince 11/2023 · owns less than 5%
- H••••••• M•••• J••••• · M••••••controlsince 11/2023 · owns less than 5%
- L••••• W••••••• M••••• · M••••••controlsince 04/2021 · owns less than 5%
- R••••••••• E•••• L••••• · Chief Administrative Officer, General Counsel & Secretarycontrolsince 01/2023 · owns less than 5%
- R•••••• J•••• W••••••••• · M••••••controlsince 11/2023 · owns 25% to 50%
- S••••••• S•••••• · M••••••controlsince 11/2023 · owns less than 5%
- T•••••• P••••••• M•••• · Chief Compliance Officer And Deputy General Counselcontrolsince 05/2023 · owns less than 5%
- V•••••• D••••• J••• · M••••••controlsince 04/2021 · owns less than 5%
- C••••••• K• J• M•••••• · Directorcontrolsince 07/2019 · owns F of A•••• I••••••••• L••
- D•••••• A•••• S•••••• · Directorcontrolsince 07/2019 · owns F of A•••• I••••••••• L••
- H•••••• M••••••• L••••• · Co-Ceo, President And Director (And Co-Founder, A•••• A••••••••• L••)controlsince 05/2000 · owns 25% to 50% of A•••• I••••••••• L••
- J••••••• V••••••• B••••• · Directorcontrolsince 07/2019 · owns F of A•••• I••••••••• L••
- M•••••••• F••••• F••••• · Directorcontrolsince 03/2021 · owns F of A•••• I••••••••• L••
- R•••••• J•••• W••••••••• · Shareholdercontrolsince 02/2004 · owns 50% to 75% of A•••• C•••••• M••••••••• H•••••••• I•••
- R•••••• J•••• W••••••••• · Chairman, Co-Ceo And Directorcontrolsince 02/2004 · owns F of A•••• I••••••••• L••
- R•••••• A••••••• D•••• · Directorcontrolsince 03/2021 · owns F of A•••• I••••••••• L••
- S••••• J•••• A••••• · Directorcontrolsince 06/2021 · owns F of A•••• I••••••••• L••
- T•••••• H••••••• E•••• · Directorcontrolsince 07/2019 · owns F of A•••• I••••••••• L••
- W••••• P•••• · Directorcontrolsince 07/2019 · owns F of A•••• I••••••••• L••
- C•••••••• C•••••• E••••••• · Chief Financial Officersince 06/2021 · owns less than 5%
Entity owners
- A•••• I••••••••• L•• · Ownerdirect · owns 75% or more
- A•••• C•••••• M••••••••• H•••••••• I••• · Ownerindirect · owns 25% to 50% of A•••• I••••••••• L••
Related persons
Schedule D 7.A
- A•••• D••••••••• L••broker-dealern
- A•••• I••••••••• L••investment adviserbankpooled vehicle sponsoryRAUM $13B
- P•••••• B•••• C••••••••• P••••••••• F••• G•• L•pooled vehicle sponsorn
- P•••••• B•••• G•• L•pooled vehicle sponsorn
- P•••••• B•••• S••••• I• C••••••••• M•••••• L•pooled vehicle sponsorn
Advisers that list A•••• A••••••••• L•• as a related person
- 108211 y
Offices
Schedule D 1.F, the 25 largest
- New York, NY14 employees
- San Francisco, CA
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- employee count dropChange between filings · filing Mar 31, 2026employees (Item 5.A) moved from 82.0 to 57.0 (-30.0%) between the annual amendments of 2025-04-25 and 2026-03-31; the peer median change was 0.0% (1109 comparable advisers, 2.0th percentile of changes)peers: ASSET_M••••••, $1B to $5B (1,109) · 2.3% percentile
- private fund count surgeChange between filings · filing Mar 31, 2026private funds (Schedule D 7.B.1) moved from 3.0 to 6.0 (+100.0%) between the annual amendments of 2025-04-25 and 2026-03-31; the peer median change was 0.0% (1022 comparable advisers, 98.0th percentile of changes)peers: ASSET_M••••••, $1B to $5B (1,022) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 3 to 6Oct 17, 2025 to Mar 31, 2026
- Advisory employees · 16 to 12Oct 17, 2025 to Mar 31, 2026
- Pooled vehicle clients · 3 to 6Oct 17, 2025 to Mar 31, 2026
- Assets in custody · $432M to $549MOct 17, 2025 to Mar 31, 2026
- Employees · 82 to 57Oct 17, 2025 to Mar 31, 2026
- Private funds · 4 to 6Oct 17, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.4B to $1.5BOct 17, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $1.4B to $1.5BOct 17, 2025 to Mar 31, 2026
- RAUM · $1.4B to $1.5BOct 17, 2025 to Mar 31, 2026
- Private funds · 3 to 4Apr 25, 2025 to Oct 17, 2025
- Advisory employees · 12 to 16Jan 15, 2025 to Apr 25, 2025
- BD registered reps · 3 to 11Jan 15, 2025 to Apr 25, 2025
- Assets in custody · $1.6B to $432MJan 15, 2025 to Apr 25, 2025
- Employees · 28 to 82Jan 15, 2025 to Apr 25, 2025
- Insurance-licensed employees · 1 to 3Jan 15, 2025 to Apr 25, 2025
- Financial planning clients · unset to Jan 15, 2025 to Apr 25, 2025
- State-registered IARs · 0 to 3Jan 15, 2025 to Apr 25, 2025
- Discretionary RAUM · $1.6B to $1.4BJan 15, 2025 to Apr 25, 2025
- Pooled vehicle RAUM · $1.6B to $1.4BJan 15, 2025 to Apr 25, 2025
- RAUM · $1.6B to $1.4BJan 15, 2025 to Apr 25, 2025
- Other offices · 3 to 2May 17, 2024 to Sep 3, 2024
- Advisory employees · 10 to 12Mar 1, 2024 to Mar 29, 2024
- BD registered reps · 0 to 3Mar 1, 2024 to Mar 29, 2024
- Assets in custody · $1.6B to $1.6BMar 1, 2024 to Mar 29, 2024
- Employees · 11 to 28Mar 1, 2024 to Mar 29, 2024
- Discretionary RAUM · $1.6B to $1.6BMar 1, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $1.6B to $1.6BMar 1, 2024 to Mar 29, 2024
- RAUM · $1.6B to $1.6BMar 1, 2024 to Mar 29, 2024
- Advisory employees · 8 to 10May 25, 2023 to Nov 7, 2023
- BD registered reps · 7 to 0May 25, 2023 to Nov 7, 2023
- Employees · 13 to 11May 25, 2023 to Nov 7, 2023
- Accounts · 2 to 3Jan 31, 2023 to Mar 31, 2023
- Advisory employees · 4 to 8Jan 31, 2023 to Mar 31, 2023
- BD registered reps · 12 to 7Jan 31, 2023 to Mar 31, 2023
- Pooled vehicle clients · 2 to 3Jan 31, 2023 to Mar 31, 2023
- Assets in custody · $874M to $1.6BJan 31, 2023 to Mar 31, 2023
- Employees · 42 to 13Jan 31, 2023 to Mar 31, 2023
- Insurance-licensed employees · 2 to 1Jan 31, 2023 to Mar 31, 2023
- Private funds · 2 to 3Jan 31, 2023 to Mar 31, 2023
- Discretionary RAUM · $874M to $1.6BJan 31, 2023 to Mar 31, 2023
Signals
13 dated events
- Yue Bonnet (Senior Managing Director, Head Of Investments) appeared on Schedule A of A•••• A••••••••• L••Mar 1, 2024 · Control person joined · fact
- S•••••• S•••••• (Manager) appeared on Schedule A of A•••• A••••••••• L••Nov 7, 2023 · Control person joined · fact
- Lynn Vicki Fuller (Manager) appeared on Schedule A of A•••• A••••••••• L••Nov 7, 2023 · Control person joined · fact
- J••••• M••• H•••••• (Manager) appeared on Schedule A of A•••• A••••••••• L••Nov 7, 2023 · Control person joined · fact
- A•••• J•••• B••• (Manager) appeared on Schedule A of A•••• A••••••••• L••Nov 7, 2023 · Control person joined · fact
- Sharon S•••• B••••••••• (Manager) appeared on Schedule A of A•••• A••••••••• L••Nov 7, 2023 · Control person joined · fact
- M•••• P•••••• T••••• (Vice President, Chief Compliance Officer) appeared on Schedule A of A•••• A••••••••• L••May 11, 2023 · Control person joined · fact
- A•••• A••••••••• L•• reported RAUM $1.6B, up 79% from $873.9M (2023-01-31 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Leonor Emma Rodriguez-Ayala (Vice President, General Counsel & Secretary) appeared on Schedule A of A•••• A••••••••• L••Jan 12, 2023 · Control person joined · fact
- A•••• A••••••••• L•• reported RAUM $873.9M, up 42% from $616.0M (2021-10-21 to 2022-03-25)Mar 25, 2022 · RAUM change · derived
- A••••• J••• S•••• (Director) appeared on Schedule A of A•••• A••••••••• L••Jul 7, 2021 · Control person joined · fact
- Kellogg Charles Bobrinskoy (Vice Chairman And Director) no longer on Schedule A of A•••• A••••••••• L•• (listed 2021-05-24, absent 2021-07-07)Jul 7, 2021 · Control person left · inference
- A•••• A••••••••• L•• filed its initial SEC registration (Form ADV)May 24, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- A•••• A••••••••• L•• · Independent Sponsorsshared crd · capital_provider
- A•••• A••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/ariel-alternatives/aboutreportedpublic record, Form ADV, Sep 18, 2026
- Website
- a•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 312-726-0140reportedpublic record, Form ADV, Jul 16, 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