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
N••• M••••••••• A•••••••• L••
Latest filing Apr 21, 2026
First filing on the tape Jan 17, 2023 · 11 filings
SEC status approved since Nov 30, 2023
RAUM
$353M
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
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$353M as of Apr 21, 2026
Mar 22, 2024$286M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 21, 2026
Mar 22, 20240 then
Employees (5.A)5 as of Apr 21, 2026
Mar 22, 20245 then
Private funds3 as of Apr 21, 2026
Mar 22, 20242 then
RAUM +2.3% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Apr 21, 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
- $118MderivedRAUM 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
- +2.3%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
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$353M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 3reported
- 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=true 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
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| N••• I•••••••• I•• L• | Private Equity Fund | $216M | 116 | Mar 22, 2024 |
| N••• I••••••••• L•• | Private Equity Fund | $85.7M | 27 | Mar 22, 2024 |
Owners and control persons
Schedule A and B, latest filing
- F••••••••• A•••• H••••• · Partnercontrolsince 12/2022 · owns 50% to 75%
- G•••••••• G••••••• M•••••• · Partner And Chief Compliance Officercontrolsince 12/2022 · owns 50% to 75%
Related persons
Schedule D 7.A
- N••• A••••••••• I•• L•pooled vehicle sponsory
- N••• A••••••••• L•pooled vehicle sponsory
- N••• C••••••••• L•••pooled vehicle sponsory
- N••• I• G•• L••bankpooled vehicle sponsory
- N••• I• G•• L••bankpooled vehicle sponsory
- N••• I••••••••• A••••••••• L•••pooled vehicle sponsory
- N••• I•••••••• F•••••• L••pooled vehicle sponsory
- N••• I•••••••• H•••••••• L•••pooled vehicle sponsory
- N••• I•••••••• I• ••••• L••pooled vehicle sponsory
- N••• I•••••••• U•••• L••pooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- private fund count surgeChange between filings · filing Apr 21, 2026private funds (Schedule D 7.B.1) moved from 2.0 to 3.0 (+50.0%) between the annual amendments of 2025-03-27 and 2026-04-21; the peer median change was 0.0% (734 comparable advisers, 95.0th percentile of changes)peers: asset managers, $100M to $500M (734) · 95% percentile
What changed
consecutive filings, newest first
- Accounts · 2 to 3Aug 19, 2025 to Mar 26, 2026
- Pooled vehicle clients · 2 to 3Aug 19, 2025 to Mar 26, 2026
- Private funds · 2 to 3Aug 19, 2025 to Mar 26, 2026
- Discretionary RAUM · $345M to $353MAug 19, 2025 to Mar 26, 2026
- Pooled vehicle RAUM · $345M to $353MAug 19, 2025 to Mar 26, 2026
- RAUM · $345M to $353MAug 19, 2025 to Mar 26, 2026
- Financial planning clients · unset to Mar 27, 2025 to Jun 3, 2025
- Discretionary RAUM · $372M to $345MAug 6, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $372M to $345MAug 6, 2024 to Mar 27, 2025
- RAUM · $372M to $345MAug 6, 2024 to Mar 27, 2025
- Discretionary RAUM · $286M to $372MMar 22, 2024 to Apr 29, 2024
- Pooled vehicle RAUM · $286M to $372MMar 22, 2024 to Apr 29, 2024
- RAUM · $286M to $372MMar 22, 2024 to Apr 29, 2024
- Accounts · unset to 2.0Oct 31, 2023 to Mar 22, 2024
- Advisory employees · 2 to 5Oct 31, 2023 to Mar 22, 2024
- Pooled vehicle clients · unset to 2.0Oct 31, 2023 to Mar 22, 2024
- Employees · 2 to 5Oct 31, 2023 to Mar 22, 2024
- HQ city · unset to NEW YORKOct 31, 2023 to Mar 22, 2024
- HQ state · unset to NYOct 31, 2023 to Mar 22, 2024
- Private funds · unset to 2Oct 31, 2023 to Mar 22, 2024
- Discretionary RAUM · unset to 286396000.0Oct 31, 2023 to Mar 22, 2024
- Non-discretionary RAUM · unset to 0.0Oct 31, 2023 to Mar 22, 2024
- Pooled vehicle RAUM · unset to 286396000.0Oct 31, 2023 to Mar 22, 2024
- RAUM · unset to 286396000.0Oct 31, 2023 to Mar 22, 2024
- Related bank · false to trueOct 31, 2023 to Mar 22, 2024
Signals
1 dated events
- N••• M••••••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Jan 17, 2023 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- N••• M••••••••• A•••••••• L•• · Independent Sponsorsshared crd · capital_provider
- N••• M••••••••• A•••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/next-investorsreportedpublic record, Form ADV, Sep 19, 2026
- Website
- n•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 917-602-0500reportedpublic record, Form ADV, Apr 21, 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