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••••••• L•••• C••••••• L•••
Latest filing Sep 16, 2026
First filing on the tape Jul 16, 2021 · 13 filings
SEC status approved since Aug 16, 2021
RAUM
$575M
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
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$575M as of Mar 27, 2026
Mar 29, 2022$120M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 29, 20220 then
Employees (5.A)11 as of Mar 27, 2026
Mar 29, 20228 then
Private funds7 as of Mar 27, 2026
Mar 29, 20221 then
RAUM +79% over the last fiscal year+41% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Sep 16, 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
- $82.2MderivedRAUM 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
- +79%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 vehiclesreportedItem 5.G
- Custody
- $575M, 7 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)
- 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$575M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 7reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- $575M for 7 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)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| N••••••• L•••• C•••••• F••• I•• L••• | Private Equity Fund | $210M | 99 | Dec 13, 2021 |
| N•••••• C••••••••• L••• | Private Equity Fund | $12.9M | 4 | Mar 30, 2023 |
| N••••••• L•••• C•••••• F••• I•••• L••• | Private Equity Fund | $6.3M | 4 | Mar 30, 2023 |
| N••••••• Q•••• C••••••••• L••• | Private Equity Fund | $3.1M | 2 | Mar 29, 2024 |
Owners and control persons
Schedule A and B, latest filing
- G••••••••• J•••• V•••••• · Limited Partnercontrolsince 03/2022 · owns 10% to 25%
- H•••••• K••••• J•••• · Chief Compliance Officercontrolsince 08/2021 · owns 10% to 25%
- L•••••• C••••••• B•••••• · Limited Partnercontrolsince 03/2022 · owns 10% to 25%
- S•••• K••••• T••••••• · Limited Partnercontrolsince 03/2022 · owns 10% to 25%
- G••••••••• J•••• V•••••• · Managing Membercontrolsince 03/2022 · owns 25% to 50% of N••••••• L•••• C••••••• L••
- L•••••• C••••••• B•••••• · Managing Membercontrolsince 03/2022 · owns 25% to 50% of N••••••• L•••• C••••••• L••
- S•••• K••••• T••••••• · Managing Membercontrolsince 03/2022 · owns 25% to 50% of N••••••• L•••• C••••••• L••
- W••••••••• D•••• S•••• · Limited Partnersince 03/2022 · owns 10% to 25%
Entity owners
- N••••••• L•••• C••••••• L•• · General Partnerdirect · owns less than 5%
Related persons
Schedule D 7.A
- N••••••• Q•••• C•••••••• G•• L••pooled vehicle sponsorn
- N•••••• C•••••••• G•• L••pooled vehicle sponsorn
- N••••••• L•••• C•••••• I• G•• L•••pooled vehicle sponsorn
- S•••• A••• C•••••• M••••••••• I•• L•••pooled vehicle sponsorn
- S•••• A••• C•••••• M••••••••• I••• L•••pooled vehicle sponsorn
- S•••• A••• C••••••• L••investment advisernRAUM $253M
Advisers that list N••••••• L•••• C••••••• L••• as a related person
- 156186 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 27, 2026RAUM (Item 5.F) moved from $320,691,153 to $575,447,357 (+79.0%) between the annual amendments of 2025-03-26 and 2026-03-27; the peer median change was +8.0% (673 comparable advisers, 92.0th percentile of changes)peers: asset managers, $500M to $1B (673) · 92% percentile
What changed
consecutive filings, newest first
- Financial planning clients · to unsetMar 27, 2026 to Sep 16, 2026
- Private funds · 7 to unsetMar 27, 2026 to Sep 16, 2026
- Succession · false to unsetMar 27, 2026 to Sep 16, 2026
- Accounts · 5 to 7May 14, 2025 to Mar 27, 2026
- Pooled vehicle clients · 5 to 7May 14, 2025 to Mar 27, 2026
- Assets in custody · $321M to $575MMay 14, 2025 to Mar 27, 2026
- Private funds · 5 to 7May 14, 2025 to Mar 27, 2026
- Discretionary RAUM · $321M to $575MMay 14, 2025 to Mar 27, 2026
- Pooled vehicle RAUM · $321M to $575MMay 14, 2025 to Mar 27, 2026
- RAUM · $321M to $575MMay 14, 2025 to Mar 27, 2026
- Financial planning clients · unset to Mar 26, 2025 to May 14, 2025
- Accounts · 4 to 5May 15, 2024 to Mar 26, 2025
- Advisory employees · 9 to 10May 15, 2024 to Mar 26, 2025
- Pooled vehicle clients · 4 to 5May 15, 2024 to Mar 26, 2025
- Assets in custody · $232M to $321MMay 15, 2024 to Mar 26, 2025
- Employees · 10 to 11May 15, 2024 to Mar 26, 2025
- Private funds · 4 to 5May 15, 2024 to Mar 26, 2025
- Discretionary RAUM · $232M to $321MMay 15, 2024 to Mar 26, 2025
- Pooled vehicle RAUM · $232M to $321MMay 15, 2024 to Mar 26, 2025
- RAUM · $232M to $321MMay 15, 2024 to Mar 26, 2025
- Accounts · 3 to 4Jun 9, 2023 to Mar 29, 2024
- Advisory employees · 8 to 9Jun 9, 2023 to Mar 29, 2024
- Pooled vehicle clients · 3 to 4Jun 9, 2023 to Mar 29, 2024
- Assets in custody · $207M to $232MJun 9, 2023 to Mar 29, 2024
- Employees · 8 to 10Jun 9, 2023 to Mar 29, 2024
- Private funds · 3 to 4Jun 9, 2023 to Mar 29, 2024
- Discretionary RAUM · $207M to $232MJun 9, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $207M to $232MJun 9, 2023 to Mar 29, 2024
- RAUM · $207M to $232MJun 9, 2023 to Mar 29, 2024
- Accounts · 1 to 3Mar 29, 2022 to Mar 30, 2023
- Pooled vehicle clients · 1 to 3Mar 29, 2022 to Mar 30, 2023
- Assets in custody · $120M to $207MMar 29, 2022 to Mar 30, 2023
- Private funds · 1 to 3Mar 29, 2022 to Mar 30, 2023
- Discretionary RAUM · $120M to $207MMar 29, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $120M to $207MMar 29, 2022 to Mar 30, 2023
- RAUM · $120M to $207MMar 29, 2022 to Mar 30, 2023
- Accounts · 4 to 1Dec 13, 2021 to Mar 29, 2022
- Advisory employees · 7 to 8Dec 13, 2021 to Mar 29, 2022
- Pooled vehicle clients · 4 to 1Dec 13, 2021 to Mar 29, 2022
- Assets in custody · $379M to $120MDec 13, 2021 to Mar 29, 2022
Signals
3 dated events
- N••••••• L•••• C••••••• L••• reported RAUM $575.4M, up 79% from $320.7M (2025-05-14 to 2026-03-27)Mar 27, 2026 · RAUM change · derived
- N••••••• L•••• C••••••• L••• reported RAUM $119.8M, down 68% from $379.3M (2021-12-13 to 2022-03-29)Mar 29, 2022 · RAUM change · derived
- N••••••• L•••• C••••••• L••• filed its initial SEC registration (Form ADV)Jul 16, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- N••••••• L•••• C••••••• L••• · Independent Sponsorsshared crd · capital_provider
- N••••••• L•••• C••••••• L••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- northernlakescapital.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 612-562-4288reportedpublic record, Form ADV, Sep 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