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••• E••••• L••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 317201SEC 801-126304websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Jun 30, 2022 · 10 filings
SEC status approved since Jul 29, 2022
RAUM
$1.1B
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
14
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
10
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$1.1B as of Mar 31, 2026
Mar 31, 2023$508M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 31, 20230 then
Employees (5.A)14 as of Mar 31, 2026
Mar 31, 20238 then
Private funds10 as of Mar 31, 2026
Mar 31, 20237 then
RAUM +42% over the last fiscal year+29% a year over threeIARs 0 to 0offices 1 to 0
Practice profile
derived from the filing of Mar 31, 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
$110MderivedRAUM 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
+42%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 vehiclesreportedItem 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$1.1B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
10reported
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
      7 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      N••• E••••• F••• I• L•Private Equity Fund$211M29Mar 31, 2022
      N••• H• I••••••• A••••••••• L•Private Equity Fund$131M11May 6, 2022
      N••• A• S••• L•Real Estate Fund$105M22Nov 19, 2021
      N••• J••• I••••••• A••••••••• L•Private Equity Fund$47.8M8May 6, 2022
      N••• C••••• S••• L•Private Equity Fund$42.6M17Nov 19, 2021
      N••• E••••• F••• I••• L•Private Equity Fund$36.1M6Mar 31, 2022
      N••• E••••• F••• I••• L•Private Equity Fund$2.2M8Mar 31, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••••• V•••••••• •••• · Founder, Managing Partner, And Chief Compliance Officercontrol
        since 02/2020 · owns less than 5%
      • M••••• F•••••• T•••• · Chief Financial Officer And Chief Operating Officercontrol
        since 07/2024 · owns less than 5%
      • B••••••••• V•••••••• •••• · General Partnercontrol
        since 02/2020 · owns 75% or more of N••• E••••• M•••••• H•••••••• L•
      Entity owners
      • N••• E••••• M•••••• H•••••••• L• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • N••• A• S•• G•• L•
        pooled vehicle sponsory
      • N••• C••••• S•• G•• L•
        pooled vehicle sponsory
      • N••• E••••• F••• I• G•• L•
        pooled vehicle sponsory
      • N••• H• I••••••• G•• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      • , 1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 8 to 10
        Apr 29, 2025 to Mar 31, 2026
      • Advisory employees · 9 to 10
        Apr 29, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 8 to 10
        Apr 29, 2025 to Mar 31, 2026
      • Employees · 9 to 14
        Apr 29, 2025 to Mar 31, 2026
      • Other offices · 1 to 0
        Apr 29, 2025 to Mar 31, 2026
      • Private funds · 8 to 10
        Apr 29, 2025 to Mar 31, 2026
      • Discretionary RAUM · $773M to $1.1B
        Apr 29, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $773M to $1.1B
        Apr 29, 2025 to Mar 31, 2026
      • RAUM · $773M to $1.1B
        Apr 29, 2025 to Mar 31, 2026
      • Accounts · 7 to 8
        Jan 2, 2025 to Apr 29, 2025
      • Advisory employees · 10 to 9
        Jan 2, 2025 to Apr 29, 2025
      • Pooled vehicle clients · 7 to 8
        Jan 2, 2025 to Apr 29, 2025
      • Employees · 10 to 9
        Jan 2, 2025 to Apr 29, 2025
      • Financial planning clients · unset to
        Jan 2, 2025 to Apr 29, 2025
      • Private funds · 7 to 8
        Jan 2, 2025 to Apr 29, 2025
      • Discretionary RAUM · $575M to $773M
        Jan 2, 2025 to Apr 29, 2025
      • Pooled vehicle RAUM · $575M to $773M
        Jan 2, 2025 to Apr 29, 2025
      • RAUM · $575M to $773M
        Jan 2, 2025 to Apr 29, 2025
      • Advisory employees · 8 to 10
        May 12, 2023 to Mar 28, 2024
      • Employees · 8 to 10
        May 12, 2023 to Mar 28, 2024
      • Discretionary RAUM · $508M to $575M
        May 12, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $508M to $575M
        May 12, 2023 to Mar 28, 2024
      • RAUM · $508M to $575M
        May 12, 2023 to Mar 28, 2024
      • Advisory employees · 6 to 8
        Jun 30, 2022 to Mar 31, 2023
      • Employees · 6 to 8
        Jun 30, 2022 to Mar 31, 2023
      • Private funds · 14 to 7
        Jun 30, 2022 to Mar 31, 2023
      • Discretionary RAUM · $287M to $508M
        Jun 30, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $287M to $508M
        Jun 30, 2022 to Mar 31, 2023
      • RAUM · $287M to $508M
        Jun 30, 2022 to Mar 31, 2023
      • Related bank · true to false
        Jun 30, 2022 to Mar 31, 2023
      Signals
      5 dated events
      • N••• E••••• L•• reported RAUM $1.1B, up 42% from $773.2M (2025-04-29 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • N••• E••••• L•• reported RAUM $773.2M, up 34% from $575.0M (2025-01-02 to 2025-04-29)
        Apr 29, 2025 · RAUM change · derived
      • T•••• F••••• M•••• (Chief Financial Officer And Chief Operating Officer) appeared on Schedule A of N••• E••••• L••
        Aug 13, 2024 · Control person joined · fact
      • N••• E••••• L•• reported RAUM $508.4M, up 77% from $286.6M (2022-06-30 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • N••• E••••• L•• filed its initial SEC registration (Form ADV)
        Jun 30, 2022 · 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/nexa-equityreportedpublic record, Form ADV, Sep 19, 2026
      Website
      nexaequity.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      415-295-4636reportedpublic record, Form ADV, Mar 31, 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
      Across the graphs

      N••• E••••• L•• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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