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

V••••• S•• V•••••••

Asset manager (funds and pooled vehicles)West Palm Beach, FloridaCRD 317632SEC 801-123062websiteIAPD
Legal name V•• M••••••••• L••
Latest filing Apr 9, 2026
First filing on the tape Dec 16, 2021 · 10 filings
SEC status approved since Jan 14, 2022
RAUM
$229M
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
9
7 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
6
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$229M as of Apr 9, 2026
Mar 30, 2022$336M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 9, 2026
Mar 30, 20220 then
Employees (5.A)9 as of Apr 9, 2026
Mar 30, 20228 then
Private funds6 as of Apr 9, 2026
Mar 30, 20229 then
RAUM +12% over the last fiscal year-8.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 9, 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
$38.2MderivedRAUM 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
unknownderived8 offices incl. principal (1.F.5)
RAUM growth, one year
+12%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
$220M, 6 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$229M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$220M for 6 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
      12 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      V••••• S•• V•••••• C•••••• F••• L•Venture Capital Fund$95.1M50Sep 10, 2020
      V••••• S•• V•••••• C•••••• F••• I• L•Venture Capital Fund$40.1M74Mar 30, 2022
      V•• C•••••••• I• L••Venture Capital Fund$29.8M3Mar 30, 2020
      V•• C•••••••• I•• L••Venture Capital Fund$24.9M2Mar 30, 2020
      V•• C•••••••• V•• L••Venture Capital Fund$14.1M17Mar 30, 2022
      V•• C•••••••• V••• L••Venture Capital Fund$5.9M37Mar 31, 2023
      V•• C•••••••• I•• • L••Venture Capital Fund$4.6M6Mar 30, 2020
      V•• C•••••••• V• L••Venture Capital Fund$3.9M12Dec 16, 2021
      V•• C•••••••• I•• L••Venture Capital Fund$3.7M19Sep 10, 2020
      M• E• L••Venture Capital Fund$3.3M50Sep 10, 2020
      V•• C•••••••• I•• L••Venture Capital Fund$2.8M14Mar 29, 2024
      V•• C•••••••• V•••• L••Venture Capital Fund$2.2M5Mar 29, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • G••••••••• J•••• A••••• · Managing Directorcontrol
        since 07/2019 · owns less than 5%
      • G••••••••• M••••••• R••••• · Managing Directorcontrol
        since 07/2019 · owns less than 5%
      • L••••••• K••••••• S••••••• · Managing Directorcontrol
        since 07/2019 · owns less than 5%
      • L••••••• M••••••• M••••••• · Managing Directorcontrol
        since 07/2019 · owns less than 5%
      • R•••• K••••••••• Q• · Managing Directorcontrol
        since 09/2021 · owns less than 5%
      • G••••••••• J•••• A••••• · Ownercontrol
        since 11/2003 · owns 75% or more of T••••••• C•••••• P••••••• L••
      • G••••••••• M••••••• R••••• · Ownercontrol
        since 01/2019 · owns 75% or more of A••••••• L••
      • L••••••• M••••••• M••••••• · Ownercontrol
        since 05/2016 · owns 75% or more of L•••••• E••••••••• L••
      • R•••• K••••••••• Q• · Member And Managercontrol
        since 11/2021 · owns 75% or more of C•••• W•• L••
      • B••••••••• K••••• L••••• · Vice President Of Operations
        since 07/2019 · owns less than 5%
      • D••••••• A•••••• P•••• · Cco And General Counsel
        since 07/2019 · owns less than 5%
      • K••••••• T•••• E••••• · Cfo
        since 07/2019 · owns less than 5%
      Entity owners
      • A••••••• L•• · Member
        direct · owns 10% to 25%
      • C•••• W•• L•• · Member
        direct · owns 10% to 25%
      • L•••••• E••••••••• L•• · Member
        direct · owns 25% to 50%
      • T••••••• C•••••• P••••••• L•• · Member
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • R•••• T••••••• C• G• L••
        pooled vehicle sponsorn
      • R•••• T••••••• G• I• L••
        pooled vehicle sponsorn
      • R•••• T••••••• G• I•• L••
        pooled vehicle sponsorn
      • R•••• T••••••• M••••••••• I• L••
        pooled vehicle sponsorn
      • R•••• T••••••• M••••••••• I•• L••
        pooled vehicle sponsorn
      • R•••• T••••••• M••••••••• L••
        investment adviserpooled vehicle sponsornRAUM $1.3B
      • R•••• M••••••••• L••
        pooled vehicle sponsorn
      • R••• M••••••••• L••
        pooled vehicle sponsorn
      • R••• M••••••••• V• L••
        pooled vehicle sponsorn
      • R••••••• L••
        pooled vehicle sponsorn
      • V•• C•••••••• G• L••
        pooled vehicle sponsorn
      • V•• G• I• L••
        pooled vehicle sponsorn
      • V•• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • , 1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 8 to 6
        Mar 28, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 8 to 6
        Mar 28, 2025 to Mar 30, 2026
      • Assets in custody · $195M to $220M
        Mar 28, 2025 to Mar 30, 2026
      • Private funds · 8 to 6
        Mar 28, 2025 to Mar 30, 2026
      • Discretionary RAUM · $204M to $229M
        Mar 28, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $204M to $229M
        Mar 28, 2025 to Mar 30, 2026
      • RAUM · $204M to $229M
        Mar 28, 2025 to Mar 30, 2026
      • Accounts · 10 to 8
        Sep 17, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 10 to 8
        Sep 17, 2024 to Mar 28, 2025
      • Assets in custody · $176M to $195M
        Sep 17, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Sep 17, 2024 to Mar 28, 2025
      • Other offices · 8 to 7
        Sep 17, 2024 to Mar 28, 2025
      • Private funds · 10 to 8
        Sep 17, 2024 to Mar 28, 2025
      • Discretionary RAUM · $206M to $204M
        Sep 17, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $206M to $204M
        Sep 17, 2024 to Mar 28, 2025
      • RAUM · $206M to $204M
        Sep 17, 2024 to Mar 28, 2025
      • Assets in custody · $301M to $176M
        Nov 20, 2023 to Mar 29, 2024
      • Discretionary RAUM · $301M to $206M
        Nov 20, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $301M to $206M
        Nov 20, 2023 to Mar 29, 2024
      • RAUM · $301M to $206M
        Nov 20, 2023 to Mar 29, 2024
      • Other offices · 7 to 8
        Mar 31, 2023 to Nov 20, 2023
      • Accounts · 9 to 10
        Sep 28, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 9 to 10
        Sep 28, 2022 to Mar 31, 2023
      • Assets in custody · $336M to $301M
        Sep 28, 2022 to Mar 31, 2023
      • Employees · 8 to 9
        Sep 28, 2022 to Mar 31, 2023
      • Private funds · 9 to 10
        Sep 28, 2022 to Mar 31, 2023
      • Discretionary RAUM · $336M to $301M
        Sep 28, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $336M to $301M
        Sep 28, 2022 to Mar 31, 2023
      • RAUM · $336M to $301M
        Sep 28, 2022 to Mar 31, 2023
      • Accounts · 8 to 9
        Dec 16, 2021 to Mar 30, 2022
      • Pooled vehicle clients · 8 to 9
        Dec 16, 2021 to Mar 30, 2022
      • Assets in custody · $222M to $336M
        Dec 16, 2021 to Mar 30, 2022
      • Private funds · 7 to 9
        Dec 16, 2021 to Mar 30, 2022
      • Discretionary RAUM · $222M to $336M
        Dec 16, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $222M to $336M
        Dec 16, 2021 to Mar 30, 2022
      • RAUM · $222M to $336M
        Dec 16, 2021 to Mar 30, 2022
      Signals
      2 dated events
      • V••••• S•• V••••••• reported RAUM $336.2M, up 52% from $221.8M (2021-12-16 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • V••••• S•• V••••••• filed its initial SEC registration (Form ADV)
        Dec 16, 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/velvet-sea-venturesreportedpublic record, Form ADV, Sep 19, 2026
      Website
      v•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      248-594-4751reportedpublic record, Form ADV, Apr 9, 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