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
L••••••••• F••••••
Legal name F•••••• V•••••••• L••
Latest filing Mar 17, 2026
First filing on the tape Aug 29, 2022 · 7 filings
SEC status approved since Sep 29, 2022
RAUM
$433M
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
8
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$433M as of Mar 17, 2026
Mar 20, 2023$265M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 17, 2026
Mar 20, 20230 then
Employees (5.A)8 as of Mar 17, 2026
Mar 20, 20235 then
Private funds4 as of Mar 17, 2026
Mar 20, 20231 then
RAUM -7.1% over the last fiscal year+18% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 17, 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
- $86.5MderivedRAUM 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
- -7.1%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
- 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)
- 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$433M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 5reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- 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
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| L••••••••• F•••••• F••• I• L• | Venture Capital Fund | $81.5M | 100 | Aug 29, 2022 |
Owners and control persons
Schedule A and B, latest filing
- F••••••• B•••••••• · General Partnercontrolsince 04/2022 · owns less than 5%
- H•••••••• S••••• · Managing Partner And Ccocontrolsince 01/2022 · owns 50% to 75%
- E•••••• B••••• F•••••• · Managing Membercontrolsince 08/2005 · owns 25% to 50% of L••••••••• V•••••• P•••••••
- M•••••• R•••• B•••• · Managing Membercontrolsince 08/2005 · owns 25% to 50% of L••••••••• V•••••• P•••••••
- N•••• P••••• Y••••••• · Managing Membercontrolsince 08/2005 · owns 25% to 50% of L••••••••• V•••••• P•••••••
Entity owners
- L••••••••• V•••••• P••••••• · Ownerdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- L••••••••• F•••••• F••• I• G•• L••pooled vehicle sponsory
- L••••••••• V•••••• P•••••••investment adviseryRAUM $50B
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Mar 17, 2026custody of client assets (Item 9.A): yes on the filing of 2025-05-12, no on the filing of 2026-03-17peers: asset managers, $100M to $500M (1,567)
What changed
consecutive filings, newest first
- Accounts · 4 to 5May 12, 2025 to Mar 17, 2026
- Pooled vehicle clients · 4 to 5May 12, 2025 to Mar 17, 2026
- Assets in custody · 0.0 to unsetMay 12, 2025 to Mar 17, 2026
- Custody of client assets · true to falseMay 12, 2025 to Mar 17, 2026
- Employees · 7 to 8May 12, 2025 to Mar 17, 2026
- Private funds · 3 to 4May 12, 2025 to Mar 17, 2026
- Discretionary RAUM · $466M to $433MMay 12, 2025 to Mar 17, 2026
- Pooled vehicle RAUM · $466M to $433MMay 12, 2025 to Mar 17, 2026
- RAUM · $466M to $433MMay 12, 2025 to Mar 17, 2026
- Financial planning clients · unset to Mar 21, 2025 to May 12, 2025
- Accounts · 2 to 4Mar 18, 2024 to Mar 21, 2025
- Pooled vehicle clients · 2 to 4Mar 18, 2024 to Mar 21, 2025
- Private funds · 1 to 3Mar 18, 2024 to Mar 21, 2025
- Discretionary RAUM · $289M to $466MMar 18, 2024 to Mar 21, 2025
- Pooled vehicle RAUM · $289M to $466MMar 18, 2024 to Mar 21, 2025
- RAUM · $289M to $466MMar 18, 2024 to Mar 21, 2025
- Advisory employees · 4 to 6Apr 25, 2023 to Mar 18, 2024
- Employees · 5 to 7Apr 25, 2023 to Mar 18, 2024
- Discretionary RAUM · $265M to $289MApr 25, 2023 to Mar 18, 2024
- Pooled vehicle RAUM · $265M to $289MApr 25, 2023 to Mar 18, 2024
- RAUM · $265M to $289MApr 25, 2023 to Mar 18, 2024
- Advisory employees · 3 to 4Aug 29, 2022 to Mar 20, 2023
- Business name · F•••••• V•••••••• L•• to L••••••••• F••••••Aug 29, 2022 to Mar 20, 2023
- Employees · 3 to 5Aug 29, 2022 to Mar 20, 2023
- HQ city · MENLO PARK to PALO ALTOAug 29, 2022 to Mar 20, 2023
- Discretionary RAUM · $177M to $265MAug 29, 2022 to Mar 20, 2023
- Pooled vehicle RAUM · $177M to $265MAug 29, 2022 to Mar 20, 2023
- RAUM · $177M to $265MAug 29, 2022 to Mar 20, 2023
Signals
2 dated events
- L••••••••• F•••••• reported RAUM $465.7M, up 61% from $288.9M (2024-03-18 to 2025-03-21)Mar 21, 2025 · RAUM change · derived
- F•••••• V•••••••• L•• filed its initial SEC registration (Form ADV)Aug 29, 2022 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- L••••••••• F•••••• · Independent Sponsorsshared crd · capital_provider
- L••••••••• F•••••• · Private Equityshared crd · organization
- L••••••••• F•••••• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/factionvc/aboutreportedpublic record, Form ADV, Sep 18, 2026
- Website
- faction.vcreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 408-239-9940reportedpublic record, Form ADV, Mar 17, 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