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.

SEC-registered adviser

Rubicon Founders, LLC

Asset manager (funds and pooled vehicles)Nashville, TennesseeCRD 315631SEC 801-122305website IAPD

Legal name Rubicon Founders LLC

Latest filing May 8, 2026

First filing on the tape Aug 12, 2021 · 13 filings

SEC status approved since Sep 14, 2021

RAUM

$2.3B

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

0.1%

$3.2M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

35 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

13 filings and snapshots on the tape

RAUM$2.3B as of May 8, 2026

Mar 30, 2022$321M then

HNW client RAUM$3.2M as of May 8, 2026

Mar 30, 2022$0 then

State-registered IARs (5.B.3)0 as of May 8, 2026

Mar 30, 20220 then

Employees (5.A)54 as of May 8, 2026

Mar 30, 202225 then

Private funds14 as of May 8, 2026

Mar 30, 20225 then

RAUM +9.7% over the last fiscal year+48% a year over threeIARs 0 to 0

Practice profile

derived from the filing of May 8, 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: $3.2MderivedHNW RAUM over HNW clients
Average account: $151MderivedRAUM 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: +9.7%derivedbetween the last two annual amendments
Advisor growth, one year: unknownderivedItem 5.B.3 between annual amendments
Client growth, one year: +0.0%derived
Compensation: percentage of assets, performance-basedreportedItem 5.E
Advisory activities: portfolio management for individuals, portfolio management for pooled vehiclesreportedItem 5.G
Custody: $2.3B, 14 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)
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 hypothetical performance (5.L.3)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Pooled investment vehicles$2.3B100%
High-net-worth individuals$3.2M0.1%

Individual clients: 0reported
HNW clients: 1reported
Pension plan clients: 0reported
Charitable clients: 0reported
Accounts: 15reported
Financial planning clients: reported
Wrap fee programs: noreported
Custody of client assets: $2.3B for 14 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

Every departure Every arrival

Private funds

15 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
Rubicon Fund II LP	Private Equity Fund	$893M	42	Mar 19, 2024
Rubicon Founders Opportunity Fund I, LP	Private Equity Fund	$533M	64	Jan 12, 2022
Rubicon Founders Opportunity Fund I Co-Invest, LP	Private Equity Fund	$116M	19	Jan 12, 2022
Rf-Puma Co-Invest A, LP	Private Equity Fund	$52.3M	2	Mar 19, 2024
Rf-Evergreen Co-Invest, LP	Private Equity Fund	$40.4M	12	Mar 31, 2023
Rf-Ch Spv, LP	Private Equity Fund	$34.7M	4	Mar 31, 2023
Rubicon Founders Credit Opportunities Fund I, LP	Private Equity Fund	$32.0M	4	Mar 19, 2024
Rf-Evergreen Spv, LP	Private Equity Fund	$28.8M	2	Mar 31, 2023
Rf-Honest Co-Invest, LP	Private Equity Fund	$28.0M	7	Mar 31, 2023
Rf-Puma Co-Invest, LP	Private Equity Fund	$14.9M	4	Mar 19, 2024
Rubicon Fund II Pf LP	Private Equity Fund	$14.9M	2	Mar 19, 2024
Rf-Indigo Sa Co-Invest, LP	Private Equity Fund	$3.1M	2	Mar 19, 2024
Rubicon Employee Buyco Co-Investment LLCno longer reported	Private Equity Fund	$2.0M	12	Jan 12, 2022
Evergreen Nephrology Employee Coinvestment LLCno longer reported	Private Equity Fund	$535,500	10	Jan 12, 2022
Honest Medical Employee Coinvestment LLCno longer reported	Private Equity Fund	$322,500	10	Jan 12, 2022

Owners and control persons

Schedule A and B, latest filing

Seth Adam Boehler · Managing Partnercontrol
since 06/2021 · owns less than 5%
David Glaccum · Partnercontrol
since 06/2021 · owns less than 5%
Edward Todd Nice · Chief Financial Officer And Chief Compliance Officercontrol
since 11/2024 · owns less than 5%
Merrill Cory Reno · General Counselcontrol
since 04/2024 · owns less than 5%
Austin Smith · Chief Operating Officercontrol
since 06/2021 · owns less than 5%
Seth Adam Boehler · Investment Advisercontrol
since 12/2020 · owns F of Boehler 2020 Dynasty Trust
Seth Adam Boehler · Trusteecontrol
since 08/2013 · owns F of Boehler Family Trust
K Shira Boehler · Trusteecontrol
since 08/2013 · owns F of Boehler Family Trust

Entity owners

Boehler 2020 Dynasty Trust · Member
direct · owns 50% to 75%
Boehler Family Trust · Member
direct · owns 50% to 75%
South Dakota Trust Company LLC · Trustee
indirect · owns F of Boehler 2020 Dynasty Trust
Third Constellation, LLC · Member
indirect · owns 75% or more of South Dakota Trust Company LLC

Related persons

Schedule D 7.A

Rubicon Founders Op Gp, LP
pooled vehicle sponsorn

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Accounts · 12 to 15
Apr 28, 2025 to Mar 31, 2026
Pooled vehicle clients · 11 to 14
Apr 28, 2025 to Mar 31, 2026
Assets in custody · $2.1B to $2.3B
Apr 28, 2025 to Mar 31, 2026
Employees · 56 to 54
Apr 28, 2025 to Mar 31, 2026
Private funds · 11 to 14
Apr 28, 2025 to Mar 31, 2026
Discretionary RAUM · $2.1B to $2.3B
Apr 28, 2025 to Mar 31, 2026
HNW RAUM · $2.7M to $3.2M
Apr 28, 2025 to Mar 31, 2026
Pooled vehicle RAUM · $2.1B to $2.3B
Apr 28, 2025 to Mar 31, 2026
RAUM · $2.1B to $2.3B
Apr 28, 2025 to Mar 31, 2026
Advisory employees · 34 to 35
Nov 5, 2024 to Apr 28, 2025
Advisory activities · 1 to 2
Nov 5, 2024 to Apr 28, 2025
HNW clients · 0 to 1
Nov 5, 2024 to Apr 28, 2025
Pooled vehicle clients · 12 to 11
Nov 5, 2024 to Apr 28, 2025
Assets in custody · $1.8B to $2.1B
Nov 5, 2024 to Apr 28, 2025
Employees · 45 to 56
Nov 5, 2024 to Apr 28, 2025
Financial planning clients · unset to
Nov 5, 2024 to Apr 28, 2025
Private funds · 12 to 11
Nov 5, 2024 to Apr 28, 2025
Discretionary RAUM · $1.8B to $2.1B
Nov 5, 2024 to Apr 28, 2025
HNW RAUM · $0 to $2.7M
Nov 5, 2024 to Apr 28, 2025
Pooled vehicle RAUM · $1.8B to $2.1B
Nov 5, 2024 to Apr 28, 2025
RAUM · $1.8B to $2.1B
Nov 5, 2024 to Apr 28, 2025
Other offices · 1 to 0
Apr 29, 2024 to Oct 11, 2024
Accounts · 6 to 12
May 2, 2023 to Mar 19, 2024
Advisory employees · 32 to 34
May 2, 2023 to Mar 19, 2024
Pooled vehicle clients · 6 to 12
May 2, 2023 to Mar 19, 2024
Assets in custody · $699M to $1.8B
May 2, 2023 to Mar 19, 2024
Employees · 49 to 45
May 2, 2023 to Mar 19, 2024
Private funds · 6 to 12
May 2, 2023 to Mar 19, 2024
Discretionary RAUM · $699M to $1.8B
May 2, 2023 to Mar 19, 2024
Pooled vehicle RAUM · $699M to $1.8B
May 2, 2023 to Mar 19, 2024
RAUM · $699M to $1.8B
May 2, 2023 to Mar 19, 2024
Accounts · 5 to 6
May 2, 2022 to Mar 31, 2023
Advisory employees · 19 to 32
May 2, 2022 to Mar 31, 2023
Pooled vehicle clients · 5 to 6
May 2, 2022 to Mar 31, 2023
Assets in custody · $321M to $699M
May 2, 2022 to Mar 31, 2023
Employees · 25 to 49
May 2, 2022 to Mar 31, 2023
Other offices · 0 to 1
May 2, 2022 to Mar 31, 2023
Private funds · 5 to 6
May 2, 2022 to Mar 31, 2023
Discretionary RAUM · $321M to $699M
May 2, 2022 to Mar 31, 2023
Pooled vehicle RAUM · $321M to $699M
May 2, 2022 to Mar 31, 2023

Signals

5 dated events

Edward Todd Nice (Chief Financial Officer And Chief Compliance Officer) appeared on Schedule A of Rubicon Founders, Llc
Nov 5, 2024 · Control person joined · fact
Merrill Cory Reno (General Counsel And Chief Compliance Officer) appeared on Schedule A of Rubicon Founders, Llc
Oct 11, 2024 · Control person joined · fact
Rubicon Founders, Llc reported RAUM $1.8B, up 157% from $698.7M (2023-05-02 to 2024-03-19)
Mar 19, 2024 · RAUM change · derived
Rubicon Founders, Llc reported RAUM $698.7M, up 117% from $321.3M (2022-05-02 to 2023-03-31)
Mar 31, 2023 · RAUM change · derived
Rubicon Founders, Llc filed its initial SEC registration (Form ADV)
Aug 12, 2021 · First SEC registration · fact

Across DFX

shared identifiers only, never a name match

Rubicon Founders, LLC · Independent Sponsors
shared crd · capital_provider
Rubicon Founders, LLC · Private Equity
shared crd · organization

How to reach

public business contact points only, each with its source

Firm profile: linkedin.com/company/rubicon-foundersreportedpublic record, Form ADV, Sep 17, 2026
Website: rubiconfounders.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 615-864-0524reportedpublic record, Form ADV, May 8, 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