This provider
The service provider's name, 214 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
- Lost3 funds
Sapphire Ventures, LLC moved 3 funds from this provider to SEI as administrator.
A client that left; the filing names who replaced this provider.
- Lost1 fund
Smith Point Capital, LLC moved a fund from this provider to Juniper Square as administrator.
A client that left; the filing names who replaced this provider.
- 0 / 2decisions won / lost
In the last 12 months advisers moved 0 funds to this provider (0 decisions) and 4 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 |
|---|---|---|---|---|---|
| Bain Capital Venture Fund 2022, L.P. | Bain Capital Ventures, LP | Administrator | 2022 | $1.9B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| The Evolution Technology Fund III, L.P. | Evolution Equity Partners | Administrator | 2022 | $1.4B | Form ADV Jul 31, 2026 reports.adviserinfo.sec.gov |
| Dawn Capital V Scsp | Dawn Capital LLP | Administrator | 2022 | $922M | Form ADV Jun 24, 2026 reports.adviserinfo.sec.gov |
- Dawn Capital LLP8 funds, $2.0B reported gross assets
- Bain Capital Ventures, LP2 funds, $1.9B reported gross assets
- Franklin Park17 funds, $1.6B reported gross assets
- Mar 31, 2026Lost Administrator: SEI replaced this provider at Sapphire Opportunity Fund II, L.P. and 2 more of the same manager’s funds · Sapphire Ventures, LLCForm ADV, previous Mar 31, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Lost Administrator: Juniper Square replaced this provider at Smith Point Capital Fund I, L.P. · Smith Point Capital, LLCForm ADV, previous Mar 28, 2025 reports.adviserinfo.sec.gov
- Jul 1, 2025Won Administrator: this provider replaced LANGHAM HALL, MAINSPRING FUND SERVICES LIMITED at Dawn Capital Opportunities Fund III Scsp and 2 more of the same manager’s funds · Dawn Capital LLPForm ADV, previous Jun 10, 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 216 venture funds, 0.5% of the venture funds with an administrator on record. Won 5 and lost 4 adviser decisions from 2024 to 2026: a net gain of 1.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Not classified | 108 | 19 |
| Private equity with venture activity | 29 | 5 |
| Institutional venture firm | 27 | 11 |
| Multi-stage venture firm | 27 | 5 |
| Corporate venture | 7 | 3 |
| Growth investor | 6 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 69 | 30 |
| $25M to $100M | 50 | 25 |
| $100M to $500M | 74 | 29 |
| $500M and over | 24 | 15 |
By manager state
| Funds | Managers | |
|---|---|---|
| New York | 28 | 12 |
| California | 21 | 6 |
| Pennsylvania | 17 | 1 |
| District of Columbia | 12 | 4 |
| Texas | 8 | 1 |
| Maryland | 6 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 2 (4) | none |
| 2025 | 3 (7) | 1 (8) | none |
| 2024 | 2 (3) | 1 (1) | none |
| 2023 | 3 (7) | 1 (1) | none |
| 2022 | 0 (0) | 2 (4) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Multi-stage venture firm | 2 | 1 |
| Not classified | 2 | 1 |
| Candidate | 0 | 1 |
| Corporate venture | 1 | 0 |
| Institutional venture firm | 0 | 1 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 0 | 1 |
| $25M to $100M | 1 | 0 |
| $100M to $500M | 2 | 3 |
| $500M and over | 2 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 0 | 2 |
| Texas | 0 | 1 |
Loses most often to
- NAV FUND SERVICES1 decision, 8 funds
- SEI1 decision, 3 funds
- IQ-EQ1 decision, 1 fund
Wins most often from
- MAINSPRING FUND SERVICES LIMITED2 decisions, 6 funds
- LANGHAM HALL1 decision, 3 funds
- PEF SERVICES LLC1 decision, 2 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
- Feb 13, 2012
- Latest filing
- Aug 31, 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.