This provider
The service provider's name, 24,695 additional funds served, 54 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
- Won4 funds
Angellist Advisors moved 4 funds to this provider as custodian, from Silicon Valley Bank.
A new client relationship, first shown on this filing.
- Won1 fund
BBQ Opportunity Ventures LLC moved a fund to this provider as custodian, from GRASSHOPPER BANK.
A new client relationship, first shown on this filing.
- Won1 fund
BBG Ventures Management LLC moved a fund to this provider as custodian, from First Republic Bank.
A new client relationship, first shown on this filing.
- 12 / 4decisions won / lost
In the last 12 months advisers moved 18 funds to this provider (12 decisions) and 7 away (4 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 |
|---|---|---|---|---|---|
| Naval Ravikant Angellist Fund V, LP | Angellist Advisors | Administrator | 2017 | $91.3M | Form ADV Jun 4, 2026 reports.adviserinfo.sec.gov |
| Naval Ravikant Angellist Fund V, LP | Angellist Advisors | Custodian | 2017 | $91.3M | Form ADV Jun 4, 2026 reports.adviserinfo.sec.gov |
| Wayfinder Ventures, LP | Wayfinder Ventures Management, L.L.C. | Administrator | unknown | $76.1M | Form ADV Mar 20, 2026 reports.adviserinfo.sec.gov |
- Angellist Advisors19,217 funds, $1.8B reported gross assets
- Shrug, LLC7 funds, $101M reported gross assets
- House Holdings Management, LLC14 funds, $98.2M reported gross assets
- Jun 4, 2026Won Custodian: this provider replaced Silicon Valley Bank at A-Crl-14-Fund, a Series of Ax-Flrs-Funds, LLC and 3 more of the same manager’s funds · Angellist AdvisorsForm ADV, previous Mar 30, 2026 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Custodian: this provider replaced GRASSHOPPER BANK at SPX 244, a Series of Sax Capital Series Fund III, LP · BBQ Opportunity Ventures LLCForm ADV, previous Mar 30, 2026 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Custodian: this provider replaced First Republic Bank at BBG Ventures Spv LLC · BBG Ventures Management LLCForm ADV, previous Mar 28, 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 24,511 venture funds, 51.9% of the venture funds with an administrator on record. Won 30 and lost 17 adviser decisions from 2024 to 2026: a net gain of 13.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Syndicate platform | 19,221 | 3 |
| Not classified | 4,996 | 1 |
| Institutional venture firm | 247 | 33 |
| Micro VC | 146 | 32 |
| Seed fund manager | 36 | 22 |
| Multi-stage venture firm | 28 | 8 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 24,587 | 102 |
| $25M to $100M | 104 | 28 |
| $100M to $500M | 7 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 19,267 | 11 |
| New York | 55 | 11 |
| Massachusetts | 20 | 3 |
| New Jersey | 14 | 1 |
| Florida | 9 | 4 |
| Texas | 4 | 2 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 9 (12) | 4 (7) | none |
| 2025 | 13 (38) | 5 (8) | none |
| 2024 | 8 (21) | 8 (16) | none |
| 2023 | 22 (2,121) | 3 (10) | none |
| 2022 | 8 (2,245) | 5 (7) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Syndicate platform | 14 | 11 |
| Not classified | 6 | 2 |
| Institutional venture firm | 4 | 3 |
| Micro VC | 4 | 1 |
| Corporate venture | 1 | 0 |
| Seed fund manager | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 29 | 14 |
| $25M to $100M | 1 | 3 |
Manager state
| Won | Lost | |
|---|---|---|
| Florida | 9 | 7 |
| California | 7 | 6 |
Loses most often to
- Silicon Valley Bank5 decisions, 14 funds
- REPUBLIC FUND ADMIN LLC4 decisions, 6 funds
- GRASSHOPPER BANK, NATIONAL ASSOCIATION3 decisions, 5 funds
Wins most often from
- Silicon Valley Bank10 decisions, 46 funds
- REPUBLIC FUND ADMIN LLC5 decisions, 7 funds
- GRASSHOPPER BANK, NATIONAL ASSOCIATION4 decisions, 6 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, 2019
- Latest filing
- Aug 21, 2026
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.