This provider
The service provider's name, 707 additional funds served, 117 provider changes
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- Lost1 fund
Vesta Ventures Management, LLC moved a fund from this provider to Carta as administrator.
A client that left; the filing names who replaced this provider.
- Won3 funds
7ridge Limited moved 3 funds to this provider as administrator, from SANNE GROUP (GUERNSEY) LIMITED.
A new client relationship, first shown on this filing.
- Lost6 funds
Atlas Venture Life Science Advisors, LLC moved 6 funds from this provider to Standish Management as administrator.
A client that left; the filing names who replaced this provider.
- 8 / 11decisions won / lost
In the last 12 months advisers moved 32 funds to this provider (8 decisions) and 31 away (11 decisions).
One adviser moving many vehicles on one filing is counted as one decision.
DerivedForm ADV and Form D filings, consecutive filings compared
A fund is served when its adviser names this provider in the role on the fund’s latest Form ADV, or names it as a sales compensation recipient on a Form D. Gross assets are the adviser’s own figure on Form ADV; an implausible figure is left out rather than printed.
| Fund | Manager | Role | Vintage | Gross assets | Latest filing |
|---|---|---|---|---|---|
| Balderton Capital V, L.P. | Balderton Capital | Administrator | 2013 | $3.5B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Nalanda India Equity Fund Limited | Nalanda Capital Pte Ltd. | Administrator | 2020 | $3.2B | Form ADV Mar 11, 2026 reports.adviserinfo.sec.gov |
| Sequoia Capital India V Ltd | Peak Xv Partners Operations LLC | Administrator | unknown | $2.4B | Form ADV Jun 15, 2026 reports.adviserinfo.sec.gov |
- Balderton Capital24 funds, $8.5B reported gross assets
- Peak Xv Partners Operations LLC7 funds, $5.5B reported gross assets
- Nalanda Capital Pte Ltd.2 funds, $4.0B reported gross assets
- Aug 17, 2026Lost Administrator: Carta replaced this provider at Vesta Ventures Fund I, LP · Vesta Ventures Management, LLCForm ADV, previous Aug 13, 2026 reports.adviserinfo.sec.gov
- May 26, 2026Won Administrator: this provider replaced SANNE GROUP (GUERNSEY) LIMITED at 7ridge Investments 3 LP and 2 more of the same manager’s funds · 7ridge LimitedForm ADV, previous Jun 24, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Lost Administrator: Standish Management replaced this provider at Atlas Venture Fund Xiii, L.P. and 5 more of the same manager’s funds · Atlas Venture Life Science Advisors, LLCForm ADV, previous Apr 1, 2025 reports.adviserinfo.sec.gov
A decision is one manager’s filing that names a different provider in the role with none carried over. An acquisition is shown as a succession and never counted as won or lost; two names of one firm family are neither.
Named as administrator on 656 venture funds, 1.4% of the venture funds with an administrator on record. Won 31 and lost 21 adviser decisions from 2024 to 2026: a net gain of 10.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 250 | 62 |
| Multi-stage venture firm | 236 | 22 |
| Not classified | 78 | 18 |
| Private equity with venture activity | 60 | 11 |
| Candidate | 30 | 10 |
| Micro VC | 24 | 16 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 377 | 98 |
| $25M to $100M | 158 | 76 |
| $100M to $500M | 140 | 76 |
| $500M and over | 35 | 18 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 178 | 23 |
| New York | 75 | 16 |
| Massachusetts | 28 | 9 |
| Florida | 23 | 5 |
| Texas | 20 | 5 |
| Georgia | 16 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 8 (32) | 11 (31) | none |
| 2025 | 13 (49) | 7 (23) | none |
| 2024 | 10 (51) | 3 (22) | none |
| 2023 | 33 (96) | 4 (54) | none |
| 2022 | 29 (154) | 5 (7) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 15 | 9 |
| Multi-stage venture firm | 5 | 6 |
| Not classified | 7 | 1 |
| Private equity with venture activity | 2 | 2 |
| Candidate | 2 | 1 |
| Micro VC | 1 | 2 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 7 | 2 |
| $25M to $100M | 4 | 5 |
| $100M to $500M | 15 | 10 |
| $500M and over | 6 | 4 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 7 | 7 |
| New York | 5 | 2 |
| Massachusetts | 0 | 5 |
| Arkansas | 1 | 1 |
| Georgia | 1 | 1 |
| Texas | 2 | 0 |
Loses most often to
- Standish Management8 decisions, 36 funds
- Juniper Square4 decisions, 19 funds
- Carta4 decisions, 14 funds
Wins most often from
- MAINSPRING FUND SERVICES LIMITED5 decisions, 11 funds
- GREENOUGH CONSULTING GROUP3 decisions, 20 funds
- MOLA-ADMINISTRATION GMBH3 decisions, 14 funds
Decisions since 2023 for the breakdowns and the lists, five filing years for the table. One manager’s filing is one decision however many funds it moves. No change to or from this provider is recorded as an acquisition.
The managers to call are listed by name for a reader with the venture graph. See the administrator opportunity list
- First named
- Mar 28, 2012
- Latest filing
- Aug 25, 2026
- CRD
- 169090
- LEI
- 549300CX0YOWPNTQ2Z70
- SEC file number
- 8-23522, 8-69347
Sources: SEC Form ADV Schedule D (Section 7.B.(1) items 23 to 28) and Form D sales compensation recipients, each row linked to its filing above.
Ask: Which venture funds switched administrator to or away from this provider in the last 12 months?
A provider can be followed from its named record.