This provider
The service provider's name, 231 additional funds served, 18 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
TOP Tier Capital Partners, LLC moved a fund from this provider to Standish Management as administrator.
A client that left; the filing names who replaced this provider.
- Won2 funds
Vivo Capital, LLC moved 2 funds to this provider as administrator, from SS&C.
A new client relationship, first shown on this filing.
- Lost1 fund
Brown Advisory Investment Solutions Group LLC moved a fund from this provider to NAV CONSULTING, INC. as administrator.
A client that left; the filing names who replaced this provider.
- 1 / 2decisions won / lost
In the last 12 months advisers moved 2 funds to this provider (1 decision) and 2 away (2 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 |
|---|---|---|---|---|---|
| Vivo Opportunity Fund Holdings, L.P. | Vivo Capital, LLC | Administrator | 2023 | $2.0B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| LAV Fund VI, L.P. | LAV Investment Adviser Limited | Administrator | unknown | $1.5B | Form ADV Mar 23, 2026 reports.adviserinfo.sec.gov |
| EQT Ventures III (no.1) Scsp | EQT Fund Management S.A.R.L | Administrator | 2023 | $1.1B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
- EQT Fund Management S.A.R.L22 funds, $3.6B reported gross assets
- LAV Investment Adviser Limited2 funds, $2.2B reported gross assets
- Deviation Capital14 funds, $2.1B reported gross assets
- Mar 31, 2026Lost Administrator: Standish Management replaced this provider at TOP Tier European Venture Capital Fund Scsp · TOP Tier Capital Partners, LLCForm ADV, previous Jan 27, 2026 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Administrator: this provider replaced SS&C at Vivo Opportunity Fund Holdings, L.P. and 1 more of the same manager’s funds · Vivo Capital, LLCForm ADV, previous Mar 31, 2025 reports.adviserinfo.sec.gov
- Mar 30, 2026Lost Administrator: NAV CONSULTING, INC. replaced this provider at Brown Advisory Private Equity Partners IV (te), LLLP · Brown Advisory Investment Solutions Group LLCForm ADV, previous May 29, 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 233 venture funds, 0.5% of the venture funds with an administrator on record. Won 2 and lost 5 adviser decisions from 2024 to 2026: a net loss of 3.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Not classified | 152 | 13 |
| Private equity with venture activity | 36 | 5 |
| Multi-stage venture firm | 22 | 5 |
| Candidate | 11 | 4 |
| Institutional venture firm | 9 | 6 |
| Corporate venture | 2 | 2 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 72 | 21 |
| $25M to $100M | 53 | 15 |
| $100M to $500M | 58 | 17 |
| $500M and over | 51 | 18 |
By manager state
| Funds | Managers | |
|---|---|---|
| New York | 36 | 7 |
| California | 8 | 3 |
| Illinois | 2 | 1 |
| Massachusetts | 1 | 1 |
| Missouri | 1 | 1 |
| Tennessee | 1 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 1 (2) | 2 (2) | none |
| 2025 | 1 (1) | 2 (36) | none |
| 2024 | 0 (0) | 1 (1) | none |
| 2023 | 4 (12) | 2 (3) | none |
| 2022 | 1 (1) | 1 (1) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Not classified | 1 | 5 |
| Multi-stage venture firm | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 0 | 2 |
| $25M to $100M | 0 | 2 |
| $100M to $500M | 0 | 1 |
| $500M and over | 2 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 1 | 0 |
Loses most often to
- UMB BANK, N.A.2 decisions, 15 funds
- NAV FUND ADMINISTRATION GROUP1 decision, 22 funds
- Standish Management1 decision, 1 fund
Wins most often from
- SS&C1 decision, 2 funds
- MUFG ALTERNATIVE FUND SERVICES (CAYMAN) LIMITED1 decision, 1 fund
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
- Feb 14, 2012
- Latest filing
- Aug 28, 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.