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.

Former SEC-registered adviser

Bangtail Management, LP

Former SEC-registered adviserSteamboat Springs, ColoradoCRD 317395SEC 801-123019IAPD
Latest filing Apr 26, 2024
First filing on the tape Dec 9, 2021 · 9 filings
RAUM
$157M
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
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$107M gross assets
History
9 filings and snapshots on the tape
RAUM$157M as of Mar 30, 2024
Mar 31, 2022$165M then
HNW client RAUM: no history
State-registered IARs (5.B.3)5 as of Mar 30, 2024
Mar 31, 20225 then
Employees (5.A)32 as of Mar 30, 2024
Mar 31, 202230 then
Private funds1 as of Mar 30, 2024
Mar 31, 20221 then
RAUM -9.7% over the last fiscal yearIARs 5 to 5
Practice profile
derived from the filing of Apr 26, 2024; every figure names its basis
RAUM per advisor
$31.3MderivedRAUM 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
$157MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
6.4derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-9.7%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 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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$157M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Flywheel Sfr Fund I, LPPrivate Equity Fund$107M3Dec 9, 2021
      Owners and control persons
      Schedule A and B, latest filing
      • Paul Robert Attai · General Counselcontrol
        since 09/2022 · owns less than 5%
      • Edward Scott Burg · Ciocontrol
        since 10/2021 · owns less than 5%
      • Willis Bradley Craig · Coocontrol
        since 10/2021 · owns less than 5%
      • Lohmann Henry Murray · Partnercontrol
        since 10/2021 · owns less than 5%
      • C Meagan Redfern · Cfocontrol
        since 01/2024 · owns less than 5%
      • David Michael Scheckman · Ceocontrol
        since 10/2021 · owns less than 5%
      • Michael Joseph Schwab · Ccocontrol
        since 07/2023 · owns less than 5%
      • Edward Scott Burg · Managing Membercontrol
        since 01/2015 · owns 75% or more of Agatecreek LLC
      • David Michael Scheckman · Managing Membercontrol
        since 10/2021 · owns 75% or more of Ululani, LLC
      Entity owners
      • Bangtail Management Gp LLC · General Partner
        direct · owns 75% or more
      • Agatecreek LLC · Managing Member
        indirect · owns 25% to 50% of Bangtail Management Gp LLC
      • Ululani, LLC · Managing Member
        indirect · owns 25% to 50% of Bangtail Management Gp LLC
      Related persons
      Schedule D 7.A
      • 3 Points Gp LLC
        investment adviserpooled vehicle sponsorn
      • Bangtail Management Gp LLC
        investment advisern
      • Deer Park 1850 General Partner LLC
        investment adviserpooled vehicle sponsorn
      • Deer Park Mortgage Opportunity Fund I Gp LLC
        investment adviserpooled vehicle sponsorn
      • Deer Park Road General Partner LLC
        investment adviserpooled vehicle sponsorn
      • Deer Park Road Management Company, LP
        investment advisernRAUM $3.5B
      • Deer Park Road Management Gp LLC
        investment advisern
      • Flywheel Sfr Fund I Gp LLC
        investment adviserpooled vehicle sponsorn
      Advisers that list Bangtail Management, LP as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Employees · 36 to 32
        Sep 11, 2023 to Mar 30, 2024
      • Discretionary RAUM · $173M to $157M
        Sep 11, 2023 to Mar 30, 2024
      • Pooled vehicle RAUM · $173M to $157M
        Sep 11, 2023 to Mar 30, 2024
      • RAUM · $173M to $157M
        Sep 11, 2023 to Mar 30, 2024
      • Assets in custody · unset to 0.0
        Jul 3, 2023 to Sep 11, 2023
      • Custody of client assets · false to true
        Jul 3, 2023 to Sep 11, 2023
      • Employees · 30 to 36
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $165M to $173M
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $165M to $173M
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $165M to $173M
        Mar 31, 2022 to Mar 31, 2023
      • Accounts · 0 to 1
        Dec 10, 2021 to Mar 31, 2022
      • Advisory employees · 7 to 8
        Dec 10, 2021 to Mar 31, 2022
      • Employees · 28 to 30
        Dec 10, 2021 to Mar 31, 2022
      • Insurance-licensed employees · 0 to 5
        Dec 10, 2021 to Mar 31, 2022
      • Other offices · 1 to 0
        Dec 10, 2021 to Mar 31, 2022
      • Discretionary RAUM · $0 to $165M
        Dec 10, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $0 to $165M
        Dec 10, 2021 to Mar 31, 2022
      • RAUM · $0 to $165M
        Dec 10, 2021 to Mar 31, 2022
      Signals
      8 dated events
      • William Michael Lehoisky (Cfo) no longer on Schedule A of Bangtail Management, Lp (listed 2023-09-11, absent 2024-03-30)
        Mar 30, 2024 · Control person left · inference
      • C Meagan Redfern (Cfo) appeared on Schedule A of Bangtail Management, Lp
        Mar 30, 2024 · Control person joined · fact
      • Michael Joseph Schwab (Cco) appeared on Schedule A of Bangtail Management, Lp
        Jul 3, 2023 · Control person joined · fact
      • Scott Robert Schwartz (Gc / Cco) no longer on Schedule A of Bangtail Management, Lp (listed 2023-04-30, absent 2023-07-03)
        Jul 3, 2023 · Control person left · inference
      • Paul Robert Attai (General Counsel) appeared on Schedule A of Bangtail Management, Lp
        Mar 31, 2023 · Control person joined · fact
      • Ricardo Stephen Paoli (Cfo) no longer on Schedule A of Bangtail Management, Lp (listed 2021-12-10, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • William Michael Lehoisky (Cfo) appeared on Schedule A of Bangtail Management, Lp
        Mar 31, 2022 · Control person joined · fact
      • Bangtail Management, Lp filed its initial SEC registration (Form ADV)
        Dec 9, 2021 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      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
      Former SEC-registered adviserderiveda 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