This provider
The service provider's name, 131 additional funds served, 21 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
Fintop Capital moved a fund from this provider to HANOVER TECHNOLOGIES, INC. as administrator.
A client that left; the filing names who replaced this provider.
- 0 / 1decisions won / lost
In the last 12 months advisers moved 0 funds to this provider (0 decisions) and 1 away (1 decision).
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 |
|---|---|---|---|---|---|
| Dragonfly Ventures III, L.P. | Dragonfly Digital Management, LLC | Administrator | 2022 | $1.3B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Dragonfly Ventures IV, L.P. | Dragonfly Digital Management, LLC | Administrator | 2024 | $710M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| BCV Crypto Fund I, L.P. | Bain Capital Ventures, LP | Administrator | 2022 | $403M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
- Dragonfly Digital Management, LLC4 funds, $2.3B reported gross assets
- Bain Capital Ventures, LP4 funds, $748M reported gross assets
- Tenfore Holdings17 funds, $527M reported gross assets
- Mar 16, 2026Lost Administrator: HANOVER TECHNOLOGIES, INC. replaced this provider at JAM Fintop Frontier, LP · Fintop CapitalForm ADV, previous Mar 12, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2025Lost Administrator: NAV CONSULTING, INC. replaced this provider at Parafi Private Opportunities LLC - Series H and 7 more of the same manager’s funds · Parafi Capital LPForm ADV, previous Feb 20, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2025Won Administrator: this provider replaced Standish Management at Cervin Ventures Fund III Co-Invest Fund I, LP · Cervin Ventures Management, LLCForm ADV, previous Mar 31, 2024 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 134 venture funds, 0.3% of the venture funds with an administrator on record. Won 6 and lost 3 adviser decisions from 2024 to 2026: a net gain of 3.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 49 | 10 |
| Multi-stage venture firm | 31 | 6 |
| Micro VC | 24 | 9 |
| Corporate venture | 9 | 3 |
| Not classified | 7 | 1 |
| Private equity with venture activity | 6 | 2 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 100 | 28 |
| $25M to $100M | 19 | 14 |
| $100M to $500M | 13 | 6 |
| $500M and over | 2 | 1 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 49 | 8 |
| New York | 28 | 5 |
| Massachusetts | 6 | 3 |
| Missouri | 5 | 1 |
| Florida | 4 | 3 |
| Illinois | 4 | 2 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 1 (1) | none |
| 2025 | 1 (1) | 1 (8) | none |
| 2024 | 5 (7) | 1 (1) | none |
| 2023 | 13 (25) | 0 (0) | none |
| 2022 | 2 (3) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 0 | 2 |
| Multi-stage venture firm | 1 | 1 |
| Private equity with venture activity | 2 | 0 |
| Corporate venture | 1 | 0 |
| Micro VC | 1 | 0 |
| Not classified | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 5 | 0 |
| $100M to $500M | 0 | 3 |
| $500M and over | 1 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 2 | 0 |
| New York | 0 | 1 |
| Tennessee | 0 | 1 |
Loses most often to
- NAV CONSULTING, INC.1 decision, 8 funds
- HANOVER TECHNOLOGIES, INC.1 decision, 1 fund
- MG STOVER1 decision, 1 fund
Wins most often from
- Sudrania2 decisions, 4 funds
- Standish Management1 decision, 1 fund
- MG STOVER1 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
- Nov 30, 2022
- Latest filing
- Aug 14, 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.