This provider
The service provider's name, 1,597 additional funds served, 118 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
- 4 / 11decisions won / lost
In the last 12 months advisers moved 14 funds to this provider (4 decisions) and 85 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 - Lost29 funds
TOP Tier Capital Partners, LLC moved 29 funds from this provider to PwC as auditor.
A client that left; the filing names who replaced this provider.
- Won10 funds
Tishman Speyer Properties, L.P. moved 10 funds to this provider as auditor, from KPMG.
A new client relationship, first shown on this filing.
- Lost30 funds
Industry Ventures, L.L.C. moved 30 funds from this provider to PwC as auditor.
A client that left; the filing names who replaced this provider.
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 |
|---|---|---|---|---|---|
| Insight Venture Partners Ix, L.P. | Insight Venture Partners | Auditor | 2014 | $6.5B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Insight Partners Xi, L.P. | Insight Venture Partners | Auditor | 2017 | $6.5B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Insight Partners Xii, L.P. | Insight Venture Partners | Auditor | 2022 | $5.9B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
- Accel Management Co. Inc.89 funds, $39B reported gross assets
- Insight Venture Partners5 funds, $21B reported gross assets
- Khosla Ventures, LLC22 funds, $16B reported gross assets
- Mar 31, 2026Lost Auditor: PwC replaced this provider at TOP Tier Venture Capital Ix-C, L.P. and 28 more of the same manager’s funds · TOP Tier Capital Partners, LLCForm ADV, previous Jan 27, 2026 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Auditor: this provider replaced KPMG at Tishman Speyer U.S. Growth & Income Fund, L.P. and 9 more of the same manager’s funds · Tishman Speyer Properties, L.P.Form ADV, previous Mar 31, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Lost Auditor: PwC replaced this provider at IV Lonestar, L.P. and 29 more of the same manager’s funds · Industry Ventures, L.L.C.Form ADV, previous Jan 29, 2026 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 auditor on 1,600 venture funds, 8.0% of the venture funds with an auditor on record. Won 31 and lost 35 adviser decisions from 2024 to 2026: a net loss of 4.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 523 | 49 |
| Institutional venture firm | 382 | 108 |
| Not classified | 348 | 52 |
| Private equity with venture activity | 109 | 24 |
| Candidate | 78 | 28 |
| Micro VC | 59 | 27 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 610 | 194 |
| $25M to $100M | 372 | 162 |
| $100M to $500M | 424 | 162 |
| $500M and over | 194 | 69 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 464 | 52 |
| New York | 107 | 28 |
| Massachusetts | 66 | 13 |
| Utah | 63 | 8 |
| Texas | 38 | 8 |
| Connecticut | 31 | 3 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 4 (14) | 10 (84) | none |
| 2025 | 15 (51) | 10 (19) | none |
| 2024 | 12 (99) | 15 (52) | none |
| 2023 | 8 (44) | 16 (40) | none |
| 2022 | 7 (19) | 8 (14) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Multi-stage venture firm | 8 | 13 |
| Institutional venture firm | 9 | 9 |
| Not classified | 4 | 11 |
| Corporate venture | 2 | 1 |
| Private equity with venture activity | 2 | 1 |
| Candidate | 0 | 2 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 3 | 7 |
| $25M to $100M | 4 | 8 |
| $100M to $500M | 15 | 21 |
| $500M and over | 9 | 3 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 9 | 10 |
| Utah | 0 | 3 |
| Texas | 0 | 2 |
| Virginia | 1 | 1 |
| Florida | 1 | 0 |
| Georgia | 0 | 1 |
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 auditor opportunity list
- First named
- Jan 27, 2012
- Latest filing
- Aug 31, 2026
- PCAOB firm id
- 1247, 1251, 1263, 1366, 1367, 1396, 1408, 1409, 1411, 1433
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 auditor to or away from this provider in the last 12 months?
A provider can be followed from its named record.