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•• M••••••••• H•••••• L•••

Asset manager (funds and pooled vehicles)Philadelphia, PennsylvaniaCRD 323438SEC 801-126821websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Oct 3, 2022 · 10 filings
SEC status approved since Nov 1, 2022
RAUM
$7.6B
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
116
51 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
19
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$7.6B as of Mar 31, 2026
Mar 29, 2023$4.6B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 29, 20230 then
Employees (5.A)116 as of Mar 31, 2026
Mar 29, 2023113 then
Private funds19 as of Mar 31, 2026
Mar 29, 202314 then
RAUM +7.4% over the last fiscal year+18% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
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
$398MderivedRAUM 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
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+7.4%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
$7.6B, 19 clientsreportedItem 9.A
Ownership
a PE fund or sponsor is a 25 percent or greater owner 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)
  • 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$7.6B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
19reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$7.6B for 19 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
      17 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      L•• E••••• P••••••• V• L•••Private Equity Fund$1.8B255Mar 30, 2018
      L•• E••••• P••••••• V•• L•••Private Equity Fund$1.3B358Mar 30, 2021
      L•• E••••• P••••••• V•••••••Private Equity Fund$651M188Mar 29, 2024
      L•• E••••• P••••••• I••••••••• V•• L•••Private Equity Fund$587M35Mar 30, 2021
      L•• E••••• P••••••• I•• L•••Private Equity Fund$569M149Mar 26, 2013
      L•• E••••• P••••••• I••••••••• V• L•••Private Equity Fund$268M11Mar 29, 2019
      L•• E••••• P••••••• I••••••••• V•••••••Private Equity Fund$251M22Mar 29, 2024
      L•• E••••• P••••••• P••••••• V• L•••Private Equity Fund$116M73Mar 30, 2018
      L•• V• S•••••• C••••••••• L•••Private Equity Fund$86.8M44Mar 29, 2019
      L•• V• S•••••• C•••••••• ••••Private Equity Fund$81.2M20Mar 30, 2021
      L•• E••••• P••••••• I••• L•••Private Equity Fund$51.4M201Feb 14, 2012
      L•• E••••• P••••••• V• C••••••••• L•••Private Equity Fund$38.9M2Mar 30, 2021
      L•• E••••• P••••••• V• C••••••••• L•••Private Equity Fund$32.2M2Mar 30, 2018
      L•• E••••• P••••••• P••••••• V•• L•••Private Equity Fund$25.6M45Mar 30, 2021
      L•• E••••• P••••••• P••••••• I•• L•••Private Equity Fund$25.0M74Mar 26, 2013
      L•• E••••• P••••••• P••••••• V•••••••Private Equity Fund$6.8M29Mar 29, 2024
      L•• E••••• P••••••• P••••••• I••• L•••Private Equity Fund$2.3M65Feb 14, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••• N•••• S••••• · Chief Financial Officercontrol
        since 09/2022 · owns less than 5%
      • L•••••• J•••••• D•••• · General Counselcontrol
        since 09/2022 · owns less than 5%
      • V•••••• M•••••••• W•••• · Chief Compliance Officercontrol
        since 09/2022 · owns less than 5%
      Entity owners
      • L•• W••••• G•• L•• · General Partner
        direct · owns less than 5%
      • L•• W•••••• L••• · Limited Partner
        direct · owns 75% or more
      • C•••••• O••••••• I• H••••••• •• I•• C••• · Limited Partner
        indirect · owns 75% or more of C•••••• O••••••• I• A••••••••• •• I•• L•
      • P••••••••• I• O••••••• S••• · Stockholder
        indirect · owns 75% or more of C•••••• O••••••• I• H••••••• •• I•• C•••
      • P• I• O••••••• A••••••• · General Partner
        indirect · owns F of C•••••• O••••••• I• A••••••••• •• I•• L•
      • C•••••• O••••••• I• A••••••••• •• I•• L• · Limited Partner
        direct · owns 5% to 10%
      Related persons
      Schedule D 7.A
      • L•• C•••••• I••• L•••
        pooled vehicle sponsory
      • L•• C•••••• I•• L•••
        pooled vehicle sponsory
      • L•• C•••••• V• S•• L••
        pooled vehicle sponsory
      • L•• C•••••• V• L•••
        pooled vehicle sponsory
      • L•• C•••••• V• S•• L••
        pooled vehicle sponsory
      • L•• C•••••• V•• L•••
        pooled vehicle sponsory
      • L•• C•••••• V••• L•••
        pooled vehicle sponsory
      Advisers that list L•• M••••••••• H•••••• L••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Philadelphia, PA39 employees
      What changed
      consecutive filings, newest first
      • Accounts · 17 to 19
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 39 to 51
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 17 to 19
        Mar 31, 2025 to Mar 31, 2026
      • Assets in custody · $7.0B to $7.6B
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 93 to 116
        Mar 31, 2025 to Mar 31, 2026
      • Private funds · 17 to 19
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $7.0B to $7.6B
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $7.0B to $7.6B
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $7.0B to $7.6B
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 55 to 39
        Jan 6, 2025 to Mar 31, 2025
      • Assets in custody · $5.0B to $7.0B
        Jan 6, 2025 to Mar 31, 2025
      • Employees · 122 to 93
        Jan 6, 2025 to Mar 31, 2025
      • Financial planning clients · unset to
        Jan 6, 2025 to Mar 31, 2025
      • Discretionary RAUM · $5.9B to $7.0B
        Jan 6, 2025 to Mar 31, 2025
      • Pooled vehicle RAUM · $5.9B to $7.0B
        Jan 6, 2025 to Mar 31, 2025
      • RAUM · $5.9B to $7.0B
        Jan 6, 2025 to Mar 31, 2025
      • Accounts · 14 to 17
        Jan 25, 2024 to Mar 29, 2024
      • Advisory employees · 53 to 55
        Jan 25, 2024 to Mar 29, 2024
      • Pooled vehicle clients · 14 to 17
        Jan 25, 2024 to Mar 29, 2024
      • Assets in custody · $4.6B to $5.0B
        Jan 25, 2024 to Mar 29, 2024
      • Employees · 113 to 122
        Jan 25, 2024 to Mar 29, 2024
      • Private funds · 14 to 17
        Jan 25, 2024 to Mar 29, 2024
      • Discretionary RAUM · $4.6B to $5.9B
        Jan 25, 2024 to Mar 29, 2024
      • Pooled vehicle RAUM · $4.6B to $5.9B
        Jan 25, 2024 to Mar 29, 2024
      • RAUM · $4.6B to $5.9B
        Jan 25, 2024 to Mar 29, 2024
      • Advisory employees · 50 to 53
        Oct 3, 2022 to Mar 29, 2023
      • Assets in custody · $4.4B to $4.6B
        Oct 3, 2022 to Mar 29, 2023
      • Employees · 95 to 113
        Oct 3, 2022 to Mar 29, 2023
      • Discretionary RAUM · $4.4B to $4.6B
        Oct 3, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $4.4B to $4.6B
        Oct 3, 2022 to Mar 29, 2023
      • RAUM · $4.4B to $4.6B
        Oct 3, 2022 to Mar 29, 2023
      • Succession · true to false
        Oct 3, 2022 to Mar 29, 2023
      Signals
      3 dated events
      • L•• M••••••••• H•••••• L••• reported RAUM $5.9B, up 28% from $4.6B (2024-01-25 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • L•• M••••••••• H•••••• L••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Oct 3, 2022 · Succession (Item 4) · fact
      • L•• M••••••••• H•••••• L••• filed its initial SEC registration (Form ADV)
        Oct 3, 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/LLR-Partnersreportedpublic record, Form ADV, Sep 18, 2026
      Website
      LLRPARTNERS.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      215-717-2900reportedpublic 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