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

S•• P•••••••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 325761SEC 801-127660websiteIAPD
Legal name S•• P••••••• L•
Latest filing Jul 8, 2026
First filing on the tape Mar 15, 2023 · 9 filings
SEC status approved since Apr 14, 2023
RAUM
$646M
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
2
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$646M as of Jul 8, 2026
Mar 25, 2024$783M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jul 8, 2026
Mar 25, 20240 then
Employees (5.A)5 as of Jul 8, 2026
Mar 25, 20246 then
Private funds2 as of Jul 8, 2026
Mar 25, 20241 then
RAUM -21% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Jul 8, 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
$323MderivedRAUM 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
-21%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, fixed fees, 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • 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 hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$646M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=3.0derived
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)
      FundTypeGross assetsOwnersFirst reported
      S•• C•• ••• L•Private Equity Fund$783M2Aug 11, 2023
      Owners and control persons
      Schedule A and B, latest filing
      • S•••••••• E•••• S••••• · Partnercontrol
        since 10/2020 · owns 25% to 50%
      • S••••••• J•••••• L••••• · Partnercontrol
        since 10/2020 · owns 25% to 50%
      • W••••• A••••••• F•••••••• · Partnercontrol
        since 10/2020 · owns 25% to 50%
      • S•••••••• E•••• S••••• · Membercontrol
        since 10/2021 · owns 25% to 50% of S•• A••••••• L••
      • S••••••• J•••••• L••••• · Membercontrol
        since 10/2021 · owns 25% to 50% of S•• A••••••• L••
      • W••••• A••••••• F•••••••• · Membercontrol
        since 10/2021 · owns 25% to 50% of S•• A••••••• L••
      • T•••••••• S••••• L••• · Chief Compliance Officer
        since 08/2024 · owns less than 5%
      Entity owners
      • S•• A••••••• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • affiliate changedChange between filings · filing Jul 8, 2026
        broker-dealer affiliate (Item 7.A.1): yes on the filing of 2026-03-30, no on the filing of 2026-07-08
        peers: asset managers, $500M to $1B (784)
      What changed
      consecutive filings, newest first
      • Related broker-dealer · true to false
        Mar 30, 2026 to Jul 8, 2026
      • Accounts · 1 to 2
        Mar 10, 2025 to Mar 30, 2026
      • Advisory employees · 6 to 5
        Mar 10, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 1 to 2
        Mar 10, 2025 to Mar 30, 2026
      • Employees · 6 to 5
        Mar 10, 2025 to Mar 30, 2026
      • Private funds · 1 to 2
        Mar 10, 2025 to Mar 30, 2026
      • Discretionary RAUM · $814M to $646M
        Mar 10, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $814M to $646M
        Mar 10, 2025 to Mar 30, 2026
      • RAUM · $814M to $646M
        Mar 10, 2025 to Mar 30, 2026
      • Financial planning clients · unset to
        Aug 23, 2024 to Mar 10, 2025
      • Discretionary RAUM · $783M to $814M
        Aug 23, 2024 to Mar 10, 2025
      • Pooled vehicle RAUM · $783M to $814M
        Aug 23, 2024 to Mar 10, 2025
      • RAUM · $783M to $814M
        Aug 23, 2024 to Mar 10, 2025
      • Advisory employees · 5 to 6
        Aug 11, 2023 to Mar 25, 2024
      • Employees · 5 to 6
        Aug 11, 2023 to Mar 25, 2024
      • Discretionary RAUM · $855M to $783M
        Aug 11, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $855M to $783M
        Aug 11, 2023 to Mar 25, 2024
      • RAUM · $855M to $783M
        Aug 11, 2023 to Mar 25, 2024
      • Accounts · unset to 1.0
        Apr 18, 2023 to Aug 11, 2023
      • Pooled vehicle clients · unset to 1.0
        Apr 18, 2023 to Aug 11, 2023
      • Private funds · unset to 1
        Apr 18, 2023 to Aug 11, 2023
      • Discretionary RAUM · unset to 854942439.0
        Apr 18, 2023 to Aug 11, 2023
      • Non-discretionary RAUM · unset to 0.0
        Apr 18, 2023 to Aug 11, 2023
      • Pooled vehicle RAUM · unset to 854942439.0
        Apr 18, 2023 to Aug 11, 2023
      • RAUM · unset to 854942439.0
        Apr 18, 2023 to Aug 11, 2023
      Signals
      1 dated events
      • S•• P••••••• filed its initial SEC registration (Form ADV)
        Mar 15, 2023 · 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
      Website
      s•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      212 838 8810reportedpublic record, Form ADV, Jul 8, 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