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

First Trust Capital Management L.P.

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 317825SEC 801-122924websiteIAPD
Latest filing Aug 19, 2026
First filing on the tape Nov 23, 2021 · 13 filings
SEC status approved since Jan 3, 2022
RAUM
$13B
reported, Item 5.F
Discretionary
92%
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
62
24 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
15
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$13B as of Aug 19, 2026
Mar 31, 2022$2.7B then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Aug 19, 2026
Mar 31, 20221 then
Employees (5.A)62 as of Aug 19, 2026
Mar 31, 202227 then
Private funds15 as of Aug 19, 2026
Mar 31, 20228 then
RAUM +54% over the last fiscal year+34% a year over threeIARs 2 to 1
Practice profile
derived from the filing of Aug 19, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$13BderivedRAUM 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
$316MderivedRAUM over accounts (5.F.2.f)
Discretionary
92%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
62.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+50%derivedbetween the last two annual amendments
Advisor growth, one year
-50%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisersreportedItem 5.G
Custody
$3.9B, 15 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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
  • Investment companies$7.7B61%
  • Pooled investment vehicles$4.9B39%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
40reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$3.9B for 15 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=1.0derived
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
      25 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Ft Private Investment Platform I LLCPrivate Equity Fund$921M1,495Mar 31, 2022
      Ft Alternative Platform I LLCHedge Fund$332M445Mar 31, 2022
      Ft Real Estate Platform I LLCReal Estate Fund$237M484Mar 27, 2020
      Ft Private Investment Platform I LLC - Private Equityno longer reportedPrivate Equity Fund$224M474Feb 22, 2019
      Vcm Core Opportunities Fund LLC - Private Equityno longer reportedPrivate Equity Fund$153M240Mar 31, 2017
      Ft Offshore I LPHedge Fund$140M216Mar 31, 2022
      Vcm Core Opportunities Fund LLCPrivate Equity Fund$123M394Mar 31, 2022
      Ft Private Investment Platform I LLC - Real Estateno longer reportedPrivate Equity Fund$122M214Feb 22, 2019
      Ft Alternative Platform I LLC - Multi-Strategyno longer reportedHedge Fund$92.9M164Mar 29, 2018
      Ft Alternative Platform I LLC - Long/Shortno longer reportedHedge Fund$90.1M200Mar 31, 2017
      Destiny Alternative Fund II LLCOther Private Fund$71.7M58Nov 23, 2021
      Ft Alternative Platform I LLC - Creditno longer reportedHedge Fund$63.9M158Mar 31, 2017
      Ft Alternative Platform I LLC - Arbitrageno longer reportedHedge Fund$33.3M106Mar 31, 2017
      Destiny Alternative Fund I LLCno longer reportedHedge Fund$31.0M95Oct 27, 2020
      Vcm Core Opportunities Fund LLC - Real Estateno longer reportedPrivate Equity Fund$19.1M70Mar 31, 2017
      Ft Alternative Platform I LLC - Mortgagesno longer reportedHedge Fund$13.8M10Mar 31, 2017
      Highland Capital Management Institutional Fund II LLCHedge Fund$11.3M11Feb 16, 2016
      Ft Alternative Platform I LLC - Eventno longer reportedHedge Fund$10.5M43Mar 31, 2017
      Park Shore Multi Asset Strategy Fund LLCOther Private Fund$8.3M14Mar 28, 2024
      Ft Investments I LLCno longer reportedPrivate Equity Fund$3.7M1Mar 31, 2023
      Vcm Core Opportunities Fund LLC - Advisor Seriesno longer reportedPrivate Equity Fund$829,4165Mar 31, 2017
      Ft Vest Hedged Equity Enhanced Income Fund LLCHedge Fund$00Mar 28, 2024
      Aaron Wealth Private Access Fund LLCPrivate Equity Fund$00Nov 12, 2024
      Destiny Target Outcome Fund 2024-1 LLCHedge Fund$00Mar 28, 2024
      Cp Special Assets Fund LLCOther Private Fund$00Mar 28, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • D Marc Bassewitz · Chief Compliance Officer/General Counselcontrol
        since 11/2021 · owns less than 5%
      • Samual Chad Eisenberg · Chief Operating Officercontrol
        since 11/2021 · owns less than 5%
      • Yadira Guzman · Cfocontrol
        since 01/2022 · owns less than 5%
      • Dillon Michael Peck · Ceo/Co-Ciocontrol
        since 11/2021 · owns less than 5%
      • Thomas Reckley · Presidentcontrol
        since 10/2024 · owns less than 5%
      • Allen James Bowen · Shareholdercontrol
        since 10/2010 · owns 75% or more of Ajm Ventures LLC
      • Samual Chad Eisenberg · Membercontrol
        since 11/2021 · owns 25% to 50% of Ftcs Gp LLC
      • Dillon Michael Peck · Membercontrol
        since 11/2021 · owns 25% to 50% of Vft Holdings Gp LLC
      • Dillon Michael Peck · Limited Partnercontrol
        since 12/2022 · owns 25% to 50% of Vft Holdings LP
      • Dillon Michael Peck · Membercontrol
        since 11/2021 · owns 25% to 50% of Ftcs Gp LLC
      • Alan David Sternberg · Ownercontrol
        since 12/2011 · owns 75% or more of Aaj Ventures Inc
      • Alan David Sternberg · Managercontrol
        since 11/2021 · owns F of Vft Holdings Gp LLC
      Entity owners
      • First Trust Capital Solutions L.P. · Limited Partner
        direct · owns 75% or more
      • Ftcs Sub Gp LLC · General Partner
        direct · owns less than 5%
      • Aaj Ventures Inc · Member
        indirect · owns 25% to 50% of Vft Holdings Gp LLC
      • Aaj Ventures Inc · Limited Partner
        indirect · owns 25% to 50% of Vft Holdings LP
      • Ajm Ventures LLC · Shareholder
        indirect · owns 75% or more of The Charger Corporation
      • First Trust Capital Partners LLC · Limited Partner
        indirect · owns 25% to 50% of First Trust Capital Solutions L.P.
      • First Trust Capital Partners LLC · Member
        indirect · owns 50% to 75% of Ftcs Gp LLC
      • First Trust Capital Solutions L.P. · Member
        indirect · owns 75% or more of Ftcs Sub Gp LLC
      • Ftcs Gp LLC · Manager
        indirect · owns F of Ftcs Sub Gp LLC
      • Ftcs Gp LLC · General Partner
        indirect · owns F of First Trust Capital Solutions L.P.
      • Grace Partners Of Dupage L.P. · Shareholder
        indirect · owns 75% or more of First Trust Capital Partners LLC
      • The Charger Corporation · General Partner
        indirect · owns F of Grace Partners Of Dupage L.P.
      • Vft & Vcm Gp I LLC · General Partner
        indirect · owns F of Vft Holdings II LP
      • Vft Holdings Gp LLC · General Partner
        indirect · owns F of Vft Holdings LP
      • Vft Holdings II LP · Limited Partner
        indirect · owns 25% to 50% of First Trust Capital Solutions L.P.
      • Vft Holdings LP · Limited Partner
        indirect · owns 75% or more of Vft Holdings II LP
      • Vft Holdings LP · Member
        indirect · owns 75% or more of Vft & Vcm Gp I LLC
      Related persons
      Schedule D 7.A
      Advisers that list First Trust Capital Management L.P. as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Fort Wayne, IN1 employees
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $11B to $12B
        Mar 31, 2026 to Aug 19, 2026
      • Pooled vehicle RAUM · $4.6B to $4.9B
        Mar 31, 2026 to Aug 19, 2026
      • RAUM · $12B to $13B
        Mar 31, 2026 to Aug 19, 2026
      • Accounts · 56 to 40
        Sep 12, 2025 to Mar 31, 2026
      • Advisory employees · 20 to 24
        Sep 12, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 13 to 15
        Sep 12, 2025 to Mar 31, 2026
      • Assets in custody · $2.5B to $3.9B
        Sep 12, 2025 to Mar 31, 2026
      • Employees · 53 to 62
        Sep 12, 2025 to Mar 31, 2026
      • Insurance-licensed employees · 2 to 1
        Sep 12, 2025 to Mar 31, 2026
      • State-registered IARs · 2 to 1
        Sep 12, 2025 to Mar 31, 2026
      • Private funds · 13 to 15
        Sep 12, 2025 to Mar 31, 2026
      • Discretionary RAUM · $7.8B to $11B
        Sep 12, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $380M to $968M
        Sep 12, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $3.0B to $4.6B
        Sep 12, 2025 to Mar 31, 2026
      • RAUM · $8.2B to $12B
        Sep 12, 2025 to Mar 31, 2026
      • Accounts · 51 to 56
        Jan 31, 2025 to Mar 28, 2025
      • Advisory employees · 16 to 20
        Jan 31, 2025 to Mar 28, 2025
      • BD registered reps · 0 to 1
        Jan 31, 2025 to Mar 28, 2025
      • Pooled vehicle clients · 11 to 13
        Jan 31, 2025 to Mar 28, 2025
      • Assets in custody · $1.8B to $2.5B
        Jan 31, 2025 to Mar 28, 2025
      • Employees · 34 to 53
        Jan 31, 2025 to Mar 28, 2025
      • Insurance-licensed employees · 3 to 2
        Jan 31, 2025 to Mar 28, 2025
      • Financial planning clients · unset to
        Jan 31, 2025 to Mar 28, 2025
      • State-registered IARs · 3 to 2
        Jan 31, 2025 to Mar 28, 2025
      • Private funds · 12 to 13
        Jan 31, 2025 to Mar 28, 2025
      • Discretionary RAUM · $6.2B to $7.8B
        Jan 31, 2025 to Mar 28, 2025
      • Non-discretionary RAUM · $122M to $380M
        Jan 31, 2025 to Mar 28, 2025
      • Pooled vehicle RAUM · $2.3B to $3.0B
        Jan 31, 2025 to Mar 28, 2025
      • RAUM · $6.4B to $8.2B
        Jan 31, 2025 to Mar 28, 2025
      • Private funds · 11 to 12
        Jul 11, 2024 to Nov 12, 2024
      • Advisory employees · 15 to 16
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 9 to 11
        Mar 31, 2023 to Mar 28, 2024
      • Assets in custody · $1.6B to $1.8B
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 31 to 34
        Mar 31, 2023 to Mar 28, 2024
      • Insurance-licensed employees · 1 to 3
        Mar 31, 2023 to Mar 28, 2024
      • State-registered IARs · 1 to 3
        Mar 31, 2023 to Mar 28, 2024
      • Private funds · 8 to 11
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $5.1B to $6.2B
        Mar 31, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $111M to $122M
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $1.9B to $2.3B
        Mar 31, 2023 to Mar 28, 2024
      Signals
      8 dated events
      • First Trust Capital Management L.P. reported RAUM $12.3B, up 50% from $8.2B (2025-09-12 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • First Trust Capital Management L.P. reported RAUM $8.2B, up 29% from $6.4B (2025-01-31 to 2025-03-28)
        Mar 28, 2025 · RAUM change · derived
      • Thomas Reckley (President) appeared on Schedule A of First Trust Capital Management L.P.
        Nov 12, 2024 · Control person joined · fact
      • First Trust Capital Management L.P. reported RAUM $5.2B, up 90% from $2.7B (2022-09-15 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Yadira Guzman (Cfo) appeared on Schedule A of First Trust Capital Management L.P.
        Mar 31, 2023 · Control person joined · fact
      • First Trust Capital Management L.P. reported RAUM $2.7B, up 43% from $1.9B (2021-12-03 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • First Trust Capital Management L.P. filed its initial SEC registration (Form ADV)
        Nov 23, 2021 · First SEC registration · fact
      • First Trust Capital Management L.P. reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Nov 23, 2021 · Succession (Item 4) · 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/first-trust-capital-managementreportedpublic record, Form ADV, Sep 17, 2026
      Website
      FirstTrustCapital.comreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      773.828.6700reportedpublic record, Form ADV, Aug 19, 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

      First Trust Capital Management L.P. 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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