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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Former SEC-registered adviser

F•••••••• C•• A•••••••• L••

Former SEC-registered adviserNew York, New YorkCRD 324201SEC 801-127069websiteIAPD
Latest filing Mar 13, 2025
First filing on the tape Nov 18, 2022 · 10 filings
SEC status approved since Dec 19, 2022
RAUM
$278M
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
26
18 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
2
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$278M as of Mar 13, 2025
Mar 31, 2023$1.0B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 13, 2025
Mar 31, 20230 then
Employees (5.A)26 as of Mar 13, 2025
Mar 31, 202325 then
Private funds2 as of Mar 13, 2025
Mar 31, 20231 then
RAUM -47% over the last fiscal yearIARs 0 to 0offices 7 to 5
Practice profile
derived from the filing of Mar 13, 2025; 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
$139MderivedRAUM 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
unknownderived6 offices incl. principal (1.F.5)
RAUM growth, one year
-47%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
$278M, 2 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
  • 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$278M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$278M for 2 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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      F•••••••• C•• C••••• L••Private Equity Fund$314M9Mar 24, 2023
      F•••••••• O••••••••• L••Private Equity Fund$212M4Dec 23, 2021
      Owners and control persons
      Schedule A and B, latest filing
      • B•••• P••••• · Partnercontrol
        since 11/2022 · owns less than 5%
      • S•••••••• R•••••• N•• · Chief Financial Officercontrol
        since 09/2023 · owns less than 5%
      • S••••• C••••••••• D••••• · Founding Partnercontrol
        since 11/2022 · owns less than 5%
      • K•••• K••••••• N•• · Membercontrol
        since 07/2012 · owns 75% or more of A•••••••• C•••••• P••••••• L••
      • S••••• C••••••••• D••••• · Membercontrol
        since 02/2023 · owns 75% or more of F•••••••• C•• G•• L••
      • C••••• W•••• S• · Chief Compliance Officer
        since 11/2024 · owns less than 5%
      Entity owners
      • F•••••••• C•• M•••••••• L• · Manger / Member
        direct · owns 50% to 75%
      • P••• F••• I• L•• · Member
        direct · owns 50% to 75%
      • A•••••••• C•••••• H••••••• L•• · Member
        indirect · owns 75% or more of P••• F•••• L••
      • A•••••••• C•••••• P••••••• L•• · Member
        indirect · owns 75% or more of A•••••••• C•••••• H••••••• L••
      • F•••••••• C•• G•• L•• · General Partner
        indirect · owns F of F•••••••• C•• M•••••••• L•
      • P••• F•••• L•• · Member
        indirect · owns 75% or more of P••• F••• I• L••
      Related persons
      Schedule D 7.A
      • A•••••••• C•••••• M•••••••••
        investment adviserpooled vehicle sponsornRAUM $8.3B
      • F•••••••• A••••••• P••••••• I•• L••
        investment adviserpooled vehicle sponsorn
      • F•••••••• A••••••• S••• I••• L••
        investment adviserpooled vehicle sponsorn
      • F•••••••• A••••••• S••• I•• L••
        investment adviserpooled vehicle sponsorn
      • F•••••••• A••••••••• P••••••• I•• L••
        pooled vehicle sponsorn
      • F•••••••• A••••••••• S••• I•• L••
        pooled vehicle sponsorn
      • F•••••••• C•••••• P••••••• S••• I••• L••
        pooled vehicle sponsorn
      • F•••••••• O••••••••• A•••••••• L••
        investment adviserpooled vehicle sponsorn
      • F•••••••• O••••••••• A••••••••• L••
        pooled vehicle sponsorn
      • M•••••• C•••••• A••••••• S••• I•• L••
        investment adviserpooled vehicle sponsorn
      • M•••••• C•••••• A••••••• S•••• L••
        investment adviserpooled vehicle sponsorn
      • M•••••• C•••••• P••••••• S••• I•• L••
        pooled vehicle sponsorn
      • M•••••• C•••••• P••••••• S•••• L••
        pooled vehicle sponsorn
      • M•••••• C•••••• P••••••• U• L••
        investment advisern
      Offices
      Schedule D 1.F, the 25 largest
      • Dallas, TX2 employees
      • Coconut Grove, FL1 employees
      • Little Rock, AR1 employees
      • London, United Kingdom1 employees
      • Nashville, TN1 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 20 to 18
        Nov 21, 2024 to Mar 13, 2025
      • Assets in custody · $526M to $278M
        Nov 21, 2024 to Mar 13, 2025
      • Employees · 30 to 26
        Nov 21, 2024 to Mar 13, 2025
      • Financial planning clients · 0 to 0
        Nov 21, 2024 to Mar 13, 2025
      • Discretionary RAUM · $526M to $278M
        Nov 21, 2024 to Mar 13, 2025
      • Pooled vehicle RAUM · $526M to $278M
        Nov 21, 2024 to Mar 13, 2025
      • RAUM · $526M to $278M
        Nov 21, 2024 to Mar 13, 2025
      • Other offices · 7 to 5
        Mar 25, 2024 to Aug 23, 2024
      • Assets in custody · $377M to $526M
        Sep 19, 2023 to Mar 25, 2024
      • Employees · 29 to 30
        Sep 19, 2023 to Mar 25, 2024
      • Other offices · 6 to 7
        Sep 19, 2023 to Mar 25, 2024
      • Discretionary RAUM · $377M to $526M
        Sep 19, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $377M to $526M
        Sep 19, 2023 to Mar 25, 2024
      • RAUM · $377M to $526M
        Sep 19, 2023 to Mar 25, 2024
      • Accounts · 1 to 2
        Jun 23, 2023 to Sep 19, 2023
      • Pooled vehicle clients · 1 to 2
        Jun 23, 2023 to Sep 19, 2023
      • Assets in custody · $383M to $377M
        Jun 23, 2023 to Sep 19, 2023
      • Employees · 28 to 29
        Jun 23, 2023 to Sep 19, 2023
      • Discretionary RAUM · $1.0B to $377M
        Jun 23, 2023 to Sep 19, 2023
      • Pooled vehicle RAUM · $1.0B to $377M
        Jun 23, 2023 to Sep 19, 2023
      • RAUM · $1.0B to $377M
        Jun 23, 2023 to Sep 19, 2023
      • Advisory employees · 19 to 20
        Mar 31, 2023 to Jun 23, 2023
      • Assets in custody · $83.3M to $383M
        Mar 31, 2023 to Jun 23, 2023
      • Employees · 25 to 28
        Mar 31, 2023 to Jun 23, 2023
      • Private funds · 1 to 2
        Mar 31, 2023 to Jun 23, 2023
      • Accounts · 0 to 1
        Jan 23, 2023 to Mar 24, 2023
      • Pooled vehicle clients · unset to 1.0
        Jan 23, 2023 to Mar 24, 2023
      • Assets in custody · unset to 83333333.0
        Jan 23, 2023 to Mar 24, 2023
      • Custody of client assets · false to true
        Jan 23, 2023 to Mar 24, 2023
      • Employees · 21 to 25
        Jan 23, 2023 to Mar 24, 2023
      • Other offices · 5 to 6
        Jan 23, 2023 to Mar 24, 2023
      • Private funds · unset to 1
        Jan 23, 2023 to Mar 24, 2023
      • Discretionary RAUM · $0 to $1.0B
        Jan 23, 2023 to Mar 24, 2023
      • Pooled vehicle RAUM · unset to 1000000000.0
        Jan 23, 2023 to Mar 24, 2023
      • RAUM · $0 to $1.0B
        Jan 23, 2023 to Mar 24, 2023
      • Related adviser · false to true
        Jan 23, 2023 to Mar 24, 2023
      Signals
      11 dated events
      • F•••••••• C•• A•••••••• L•• no longer on the SEC adviser roster (last listed 2025-12-20, RAUM $277.8M)
        Jan 2, 2026 · Left the SEC roster · derived
      • F•••••••• C•• A•••••••• L•• reported RAUM $277.8M, down 47% from $526.2M (2024-11-21 to 2025-03-13)
        Mar 13, 2025 · RAUM change · derived
      • M•••• I••••••• P••••••• H•••• (Chief Compliance Officer / General Counsel) no longer on Schedule A of F•••••••• C•• A•••••••• L•• (listed 2024-08-23, absent 2024-11-21)
        Nov 21, 2024 · Control person left · inference
      • F•••••••• C•• A•••••••• L•• reported RAUM $526.2M, up 40% from $377.1M (2023-09-19 to 2024-03-25)
        Mar 25, 2024 · RAUM change · derived
      • F•••••••• C•• A•••••••• L•• reported RAUM $377.1M, down 62% from $1.0B (2023-06-23 to 2023-09-19)
        Sep 19, 2023 · RAUM change · derived
      • Nmn Rowena Sardelli (Chief Financial Officer) appeared on Schedule A of F•••••••• C•• A•••••••• L••
        Sep 19, 2023 · Control person joined · fact
      • M•••••• K•••• H••••••• (Vp, Finance) no longer on Schedule A of F•••••••• C•• A•••••••• L•• (listed 2023-06-23, absent 2023-09-19)
        Sep 19, 2023 · Control person left · inference
      • P••••• B••• (Partner) appeared on Schedule A of F•••••••• C•• A•••••••• L••
        Mar 24, 2023 · Control person joined · fact
      • Nmn Kenneth King (Member) appeared on Schedule A of F•••••••• C•• A•••••••• L••
        Mar 24, 2023 · Control person joined · fact
      • M•••• I••••••• P••••••• H•••• (Chief Compliance Officer / General Counsel) appeared on Schedule A of F•••••••• C•• A•••••••• L••
        Jan 23, 2023 · Control person joined · fact
      • F•••••••• C•• A•••••••• L•• filed its initial SEC registration (Form ADV)
        Nov 18, 2022 · 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