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
F••••• S••• C•••••• U• L•
Latest filing Mar 27, 2026
First filing on the tape Jul 15, 2024 · 11 filings
SEC status approved since Aug 29, 2024
RAUM
$3.7B
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
3
2 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$3.7B as of Mar 27, 2026
Mar 27, 2025$2.4B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 27, 20250 then
Employees (5.A)3 as of Mar 27, 2026
Mar 27, 20253 then
Private funds3 as of Mar 27, 2026
Mar 27, 20252 then
RAUM +54% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 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
- $525MderivedRAUM 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
- +54%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
- Custody
- $3.7B, 7 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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$3.7B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 7reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $3.7B for 7 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
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| F••••• S••• L••• S•••• L•• | Hedge Fund | $1.1B | 88 | Sep 24, 2018 |
| F••••• S••• D•••••••• L•• | Hedge Fund | $42.4M | 13 | Mar 20, 2019 |
Owners and control persons
Schedule A and B, latest filing
- M••••••••• A••••• N•••• · Ceo, Limited Partnercontrolsince 07/2024 · owns less than 5%
- M••••••••• A••••• N•••• · Indirect Ownercontrolsince 07/2024 · owns 75% or more of L• N••• C•••••• L••
- D••••• T••••• · Cco, Cfosince 07/2024 · owns less than 5%
Entity owners
- F••••• S••• C•••••• L• · Ownerdirect · owns 75% or more
- F•• ••• L•• · General Partnerdirect · owns less than 5%
- L• N••• C•••••• L•• · Limited Partnersindirect · owns 25% to 50% of F••••• S••• C•••••• L•
- L• P•••• P••••••• L•• · Limited Partnersindirect · owns 25% to 50% of F••••• S••• C•••••• L•
- L• P•••• T•••• · Indirect Ownerindirect · owns 75% or more of L• P•••• P••••••• L••
- S•••• D••••• T•••• C•••••• L•• · Trusteeindirect · owns F of L• P•••• T••••
Related persons
Schedule D 7.A
- F••••• S••• C•••••• L•pooled vehicle sponsorn
- F•• ••• L••pooled vehicle sponsorn
- L• N••• C•••••• L••pooled vehicle sponsorn
- L• P•••• P••••••• L••pooled vehicle sponsorn
- T••••••••• C•••••• G•••••• D• R••••••• L•••investment advisern
- Z••••••• 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
- private fund count surgeChange between filings · filing Mar 27, 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 2026-03-27; the peer median change was 0.0% (1022 comparable advisers, 93.0th percentile of changes)peers: asset managers, $1B to $5B (1,022) · 93% percentile
What changed
consecutive filings, newest first
- Accounts · 6 to 7Sep 4, 2025 to Mar 27, 2026
- Pooled vehicle clients · 6 to 7Sep 4, 2025 to Mar 27, 2026
- Assets in custody · $0 to $3.7BSep 4, 2025 to Mar 27, 2026
- Private funds · 2 to 3Sep 4, 2025 to Mar 27, 2026
- Discretionary RAUM · $2.4B to $3.7BSep 4, 2025 to Mar 27, 2026
- Pooled vehicle RAUM · $2.4B to $3.7BSep 4, 2025 to Mar 27, 2026
- RAUM · $2.4B to $3.7BSep 4, 2025 to Mar 27, 2026
- Assets in custody · unset to 0.0Nov 5, 2024 to Mar 27, 2025
- Custody of client assets · false to trueNov 5, 2024 to Mar 27, 2025
- Financial planning clients · unset to Nov 5, 2024 to Mar 27, 2025
- Discretionary RAUM · $1.5B to $2.4BNov 5, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $1.5B to $2.4BNov 5, 2024 to Mar 27, 2025
- RAUM · $1.5B to $2.4BNov 5, 2024 to Mar 27, 2025
- HQ city · unset to BOCA RATONOct 11, 2024 to Nov 5, 2024
- HQ state · unset to FLOct 11, 2024 to Nov 5, 2024
- HQ city · NEW YORK to unsetAug 27, 2024 to Aug 28, 2024
- HQ state · NY to unsetAug 27, 2024 to Aug 28, 2024
- Related adviser · false to trueAug 28, 2024 to Aug 28, 2024
Signals
3 dated events
- F••••• S••• C•••••• U• L• reported RAUM $3.7B, up 54% from $2.4B (2025-09-04 to 2026-03-27)Mar 27, 2026 · RAUM change · derived
- F••••• S••• C•••••• U• L• reported RAUM $2.4B, up 57% from $1.5B (2024-11-05 to 2025-03-27)Mar 27, 2025 · RAUM change · derived
- F••••• S••• C•••••• U• L• filed its initial SEC registration (Form ADV)Jul 15, 2024 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/fourth-sail-capital/mycompanyreportedpublic record, Form ADV, Sep 19, 2026
- Website
- f•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 646-355-2764reportedpublic record, Form ADV, Mar 27, 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