This provider
The service provider's name, 405 additional funds served, 41 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
- Lost8 funds
FIN Capital moved 8 funds from this provider to IQ-EQ as administrator.
A client that left; the filing names who replaced this provider.
- Won3 funds
AV Capital Management, L.L.C. moved 3 funds to this provider as administrator, from LANGHAM HALL US LLC.
A new client relationship, first shown on this filing.
- 15 / 3decisions won / lost
In the last 12 months advisers moved 59 funds to this provider (15 decisions) and 14 away (3 decisions).
One adviser moving many vehicles on one filing is counted as one decision.
DerivedForm ADV and Form D filings, consecutive filings compared - Won14 funds
Castle Island Management, LLC moved 14 funds to this provider as administrator, from ADURO ADVISORS, LLC.
A new client relationship, first shown on this filing.
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 |
|---|---|---|---|---|---|
| Ribbit Capital III, LP | Ribbit Capital | Administrator | 2016 | $3.6B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| Ribbit Capital V, LP | Ribbit Capital | Administrator | 2019 | $2.4B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| Ribbit Capital IV, LP | Ribbit Capital | Administrator | 2017 | $2.1B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
- Ribbit Capital70 funds, $20B reported gross assets
- Energize Capital LLC26 funds, $1.4B reported gross assets
- SV Health Investors, LLC8 funds, $969M reported gross assets
- Aug 20, 2026Lost Administrator: IQ-EQ replaced this provider at FIN Capital Horizons Master Fund III, LP and 7 more of the same manager’s funds · FIN CapitalForm ADV, previous Jun 24, 2026 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Administrator: this provider replaced ADURO ADVISORS, LLC at Castle Island Ventures I-A, L.P. and 13 more of the same manager’s funds · Castle Island Management, LLCForm ADV, previous Mar 29, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Administrator: this provider replaced LANGHAM HALL US LLC at Tairbus Ventures Fund IV, L.P. and 2 more of the same manager’s funds · AV Capital Management, L.L.C.Form ADV, previous Apr 3, 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 408 venture funds, 0.9% of the venture funds with an administrator on record. Won 30 and lost 8 adviser decisions from 2024 to 2026: a net gain of 22.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 175 | 24 |
| Multi-stage venture firm | 149 | 9 |
| Not classified | 34 | 4 |
| Micro VC | 23 | 8 |
| Private equity with venture activity | 12 | 3 |
| Candidate | 6 | 3 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 241 | 34 |
| $25M to $100M | 95 | 35 |
| $100M to $500M | 61 | 31 |
| $500M and over | 11 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| Florida | 118 | 6 |
| California | 84 | 10 |
| Illinois | 35 | 4 |
| New York | 30 | 4 |
| Massachusetts | 24 | 2 |
| Minnesota | 12 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 15 (59) | 3 (14) | none |
| 2025 | 15 (78) | 1 (2) | none |
| 2024 | 0 (0) | 4 (11) | none |
| 2023 | 5 (66) | 0 (0) | none |
| 2022 | 1 (4) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 16 | 3 |
| Multi-stage venture firm | 6 | 0 |
| Private equity with venture activity | 1 | 2 |
| Candidate | 2 | 0 |
| Seed fund manager | 1 | 1 |
| Not classified | 2 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 0 | 2 |
| $25M to $100M | 8 | 1 |
| $100M to $500M | 20 | 5 |
| $500M and over | 2 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 2 | 4 |
| Florida | 5 | 0 |
| New York | 4 | 1 |
| Illinois | 3 | 0 |
| Massachusetts | 2 | 1 |
| Tennessee | 3 | 0 |
Loses most often to
- DKH SERVICES, LLC2 decisions, 7 funds
- ADURO ADVISORS, LLC2 decisions, 2 funds
- IQ-EQ1 decision, 8 funds
Wins most often from
- Carta6 decisions, 17 funds
- Apex Group4 decisions, 19 funds
- ADURO ADVISORS, LLC3 decisions, 29 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 31, 2022
- 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.