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

C•••••••

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 326828SEC 801-132086websiteIAPD
Legal name C••••••• C•••••• M••••••••• L••
Latest filing Mar 30, 2026
First filing on the tape May 9, 2023 · 5 filings
SEC status approved since Mar 4, 2025
RAUM
$1.4B
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
14
12 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
7
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$1.4B as of Mar 30, 2026
Jan 31, 2025$547M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Jan 31, 20250 then
Employees (5.A)14 as of Mar 30, 2026
Jan 31, 202514 then
Private funds7 as of Mar 30, 2026
Jan 31, 20255 then
RAUM +149% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
$136MderivedRAUM 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
+149%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 vehicles, otherreportedItem 5.G
Custody
yesreportedItem 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
  • buys or sells securities as principal to or from clients (8.A.2)
  • 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)
  • 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 hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.4B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
10reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 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
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      C••••••• F••• I• L•Private Equity Fund$71.8M35Oct 6, 2023
      C••••••• C•••• C•••••••• L•Private Equity Fund$38.0M27Oct 6, 2023
      C••••••• F••• I•• L•Private Equity Fund$11.2M6Oct 6, 2023
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••••• D•••••• J•••• · Chief Compliance Officer, Chief Financial Officercontrol
        since 04/2023 · owns less than 5%
      • H••••• T••••••• K••••••• · Founder, Managing Partnercontrol
        since 03/2022 · owns less than 5%
      • H•••••• L••••• B•••••• · Co-Founder, President, Chief Operating Officercontrol
        since 03/2022 · owns less than 5%
      • H••••• T••••••• K••••••• · Membercontrol
        since 03/2022 · owns 75% or more of C••••••• U••••••• G•• L••
      • H••••• T••••••• K••••••• · Limited Partnercontrol
        since 03/2022 · owns 75% or more of C••••••• H•••••• L•
      Entity owners
      • C••••••• H•••••• L• · Sole Member
        direct · owns 75% or more
      • C••••••• U••••••• G•• L•• · General Partner
        indirect · owns F of C••••••• H•••••• L•
      Related persons
      Schedule D 7.A
      • C••••••• G• I• L•
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM up 50 %Change between filings · filing Mar 30, 2026
        RAUM (Item 5.F) moved from $547,052,589 to $1,359,925,253 (+149.0%) between the annual amendments of 2025-01-31 and 2026-03-30; the peer median change was +11.0% (1368 comparable advisers, 97.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,368) · 97% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 6 to 10
        Jun 5, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 5 to 10
        Jun 5, 2025 to Mar 30, 2026
      • Private funds · 5 to 7
        Jun 5, 2025 to Mar 30, 2026
      • Discretionary RAUM · $596M to $1.4B
        Jun 5, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $596M to $1.4B
        Jun 5, 2025 to Mar 30, 2026
      • RAUM · $596M to $1.4B
        Jun 5, 2025 to Mar 30, 2026
      • Financial planning clients · unset to
        Jan 31, 2025 to Jun 5, 2025
      • Discretionary RAUM · $547M to $596M
        Jan 31, 2025 to Jun 5, 2025
      • Pooled vehicle RAUM · $547M to $596M
        Jan 31, 2025 to Jun 5, 2025
      • RAUM · $547M to $596M
        Jan 31, 2025 to Jun 5, 2025
      • Accounts · unset to 6.0
        May 9, 2023 to Jan 31, 2025
      • Pooled vehicle clients · unset to 5.0
        May 9, 2023 to Jan 31, 2025
      • Assets in custody · unset to 0.0
        May 9, 2023 to Jan 31, 2025
      • Custody of client assets · false to true
        May 9, 2023 to Jan 31, 2025
      • Other offices · 0 to 1
        May 9, 2023 to Jan 31, 2025
      • Private funds · unset to 5
        May 9, 2023 to Jan 31, 2025
      • Discretionary RAUM · unset to 547052589.0
        May 9, 2023 to Jan 31, 2025
      • Non-discretionary RAUM · unset to 0.0
        May 9, 2023 to Jan 31, 2025
      • Pooled vehicle RAUM · unset to 547052589.0
        May 9, 2023 to Jan 31, 2025
      • RAUM · unset to 547052589.0
        May 9, 2023 to Jan 31, 2025
      • Business name · C••••••• C•••••• M••••••••• L•• to C•••••••
        May 9, 2023 to May 9, 2023
      Signals
      4 dated events
      • Citation reported RAUM $1.4B, up 128% from $595.9M (2025-06-05 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • C••••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        May 9, 2023 · First SEC registration · fact
      • Patrick Dan Baginski (Chief Compliance Officer, Chief Financial Officer) no longer on Schedule A of Citation (listed 2023-05-09, absent 2023-05-09)
        May 9, 2023 · Control person left · inference
      • James Daniel Baginski (Chief Compliance Officer, Chief Financial Officer) appeared on Schedule A of Citation
        May 9, 2023 · Control person joined · fact
      Across DFX
      shared identifiers only, never a name match
      • Citation · Independent Sponsors
        shared crd · capital_provider
      • Citation · Private Equity
        shared crd · organization
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/citationcapitalreportedpublic record, Form ADV, Sep 18, 2026
      Website
      citation.capitalreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      469-607-0253reportedpublic record, Form ADV, Mar 30, 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