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

K••••••• C••••••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 314798SEC 801-121617websiteIAPD
Legal name K••••••• C•••••• M••••••••• L•
Latest filing Mar 13, 2026
First filing on the tape May 27, 2021 · 7 filings
SEC status approved since Jun 29, 2021
RAUM
$1.6B
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
32
28 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$1.6B as of Mar 13, 2026
Mar 31, 2022$424M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 13, 2026
Mar 31, 20220 then
Employees (5.A)32 as of Mar 13, 2026
Mar 31, 202219 then
Private funds4 as of Mar 13, 2026
Mar 31, 20222 then
RAUM +21% over the last fiscal year+47% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 13, 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
$388MderivedRAUM 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
+21%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 vehicles, otherreportedItem 5.G
Custody
yesreportedItem 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)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.6B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 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=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
      4 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      K••••••• C•••••• F••• I••• L•Private Equity Fund$479M82Mar 27, 2024
      K••••••• C•••••• F••• I•• L•Private Equity Fund$476M70May 27, 2021
      K••••••• C•••••• F••• I••••• L•Private Equity Fund$151M15Mar 27, 2024
      K••••••• C•••••• F••• I•••• L•Private Equity Fund$57.6M3May 27, 2021
      Owners and control persons
      Schedule A and B, latest filing
      • D•••••• K•••• P••• · Trustee Of The K••• P• D••••• T•••• D•••• 2••••••control
        since 02/1983 · owns 25% to 50%
      • G•••••••• S••••• L•••••• · Limited Partner; Managing Partnercontrol
        since 02/2021 · owns 25% to 50%
      • P••••• K••••• E•••••••• · Chief Financial Officercontrol
        since 11/2023 · owns less than 5%
      • D•••••• K•••• P••• · Membercontrol
        since 02/2021 · owns 50% to 75% of K••••••• C•••••• M••••••••• G•• L••
      • G•••••••• S••••• L•••••• · Membercontrol
        since 02/2021 · owns 50% to 75% of K••••••• C•••••• M••••••••• G•• L••
      Entity owners
      • K••• P• D••••• T•••• D•••• 2•••••• · Limited Partner
        direct · owns 25% to 50%
      • K••••••• C•••••• M••••••••• G•• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • K••••••• C•••••• G• I•• L•
        pooled vehicle sponsorn
      • K••••••• C•••••• G• I••• L•
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 24 to 28
        Mar 17, 2025 to Mar 13, 2026
      • Employees · 28 to 32
        Mar 17, 2025 to Mar 13, 2026
      • Discretionary RAUM · $1.3B to $1.6B
        Mar 17, 2025 to Mar 13, 2026
      • Pooled vehicle RAUM · $1.3B to $1.6B
        Mar 17, 2025 to Mar 13, 2026
      • RAUM · $1.3B to $1.6B
        Mar 17, 2025 to Mar 13, 2026
      • Advisory employees · 20 to 24
        Mar 27, 2024 to Mar 17, 2025
      • Employees · 24 to 28
        Mar 27, 2024 to Mar 17, 2025
      • Financial planning clients · unset to
        Mar 27, 2024 to Mar 17, 2025
      • Discretionary RAUM · $1.2B to $1.3B
        Mar 27, 2024 to Mar 17, 2025
      • Pooled vehicle RAUM · $1.2B to $1.3B
        Mar 27, 2024 to Mar 17, 2025
      • RAUM · $1.2B to $1.3B
        Mar 27, 2024 to Mar 17, 2025
      • Accounts · 2 to 4
        May 22, 2023 to Mar 27, 2024
      • Advisory employees · 21 to 20
        May 22, 2023 to Mar 27, 2024
      • Pooled vehicle clients · 2 to 4
        May 22, 2023 to Mar 27, 2024
      • Private funds · 2 to 4
        May 22, 2023 to Mar 27, 2024
      • Discretionary RAUM · $486M to $1.2B
        May 22, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $486M to $1.2B
        May 22, 2023 to Mar 27, 2024
      • RAUM · $486M to $1.2B
        May 22, 2023 to Mar 27, 2024
      • Advisory employees · 16 to 21
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 19 to 24
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $424M to $486M
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $424M to $486M
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $424M to $486M
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $420M to $424M
        May 27, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $420M to $424M
        May 27, 2021 to Mar 31, 2022
      • RAUM · $420M to $424M
        May 27, 2021 to Mar 31, 2022
      Signals
      8 dated events
      • K••••••• C•••••• reported RAUM $1.2B, up 140% from $485.8M (2023-05-22 to 2024-03-27)
        Mar 27, 2024 · RAUM change · derived
      • Anthony David Greer (Chief Compliance Officer, Managing Director) no longer on Schedule A of K••••••• C•••••• (listed 2023-05-22, absent 2024-03-27)
        Mar 27, 2024 · Control person left · inference
      • Christopher Andrew Wehr (Chief Financial Officer) no longer on Schedule A of K••••••• C•••••• (listed 2023-05-22, absent 2024-03-27)
        Mar 27, 2024 · Control person left · inference
      • Elizabeth Katie Perry (Chief Financial Officer) appeared on Schedule A of K••••••• C••••••
        Mar 27, 2024 · Control person joined · fact
      • Christopher Brian Chung (Chief Financial Officer, Managing Director) no longer on Schedule A of K••••••• C•••••• (listed 2022-03-31, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Christopher Andrew Wehr (Chief Financial Officer) appeared on Schedule A of K••••••• C••••••
        Mar 31, 2023 · Control person joined · fact
      • Anthony David Greer (Chief Compliance Officer, Managing Director) appeared on Schedule A of K••••••• C••••••
        Mar 31, 2022 · Control person joined · fact
      • K••••••• C•••••• filed its initial SEC registration (Form ADV)
        May 27, 2021 · 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
      Firm profile
      linkedin.com/company/keystonecapitalmanagementlpreportedpublic record, Form ADV, Sep 18, 2026
      Website
      k•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      312-219-7900reportedpublic record, Form ADV, Mar 13, 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