This provider
The service provider's name, 2,723 additional funds served, 132 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
- 10 / 12decisions won / lost
In the last 12 months advisers moved 79 funds to this provider (10 decisions) and 40 away (12 decisions).
One adviser moving many vehicles on one filing is counted as one decision.
DerivedForm ADV and Form D filings, consecutive filings compared - Won29 funds
TOP Tier Capital Partners, LLC moved 29 funds to this provider as auditor, from EY.
A new client relationship, first shown on this filing.
- Lost15 funds
Highland Capital Partners moved 15 funds from this provider to RSM as auditor.
A client that left; the filing names who replaced this provider.
- Won30 funds
Industry Ventures, L.L.C. moved 30 funds to this provider as auditor, from EY.
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 |
|---|---|---|---|---|---|
| Sequoia Capital Fund, L.P. | Sequoia Capital Operations, LLC | Auditor | 2022 | $27B | Form ADV Jul 17, 2026 reports.adviserinfo.sec.gov |
| Sequoia Capital Global Growth Fund III - Endurance Partners, L.P. | Sequoia Capital Operations, LLC | Auditor | 2018 | $15B | Form ADV Jul 17, 2026 reports.adviserinfo.sec.gov |
| Draper Fisher Jurvetson Fund Ix, L.P. | Draper Fisher Jurvetson | Auditor | unknown | $11B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
- Sequoia Capital Operations, LLC71 funds, $80B reported gross assets
- Andreessen Horowitz63 funds, $53B reported gross assets
- General Catalyst61 funds, $46B reported gross assets
- Mar 31, 2026Won Auditor: this provider replaced EY 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, 2026Lost Auditor: RSM replaced this provider at Highland Capital Partners 9 Limited Partnership and 14 more of the same manager’s funds · Highland Capital PartnersForm ADV, previous Mar 28, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Auditor: this provider replaced EY 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 2,726 venture funds, 13.6% of the venture funds with an auditor on record. Won 36 and lost 46 adviser decisions from 2024 to 2026: a net loss of 10.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 953 | 160 |
| Multi-stage venture firm | 830 | 59 |
| Not classified | 496 | 63 |
| Private equity with venture activity | 161 | 21 |
| Micro VC | 68 | 44 |
| Candidate | 67 | 14 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 1,165 | 249 |
| $25M to $100M | 526 | 209 |
| $100M to $500M | 651 | 221 |
| $500M and over | 384 | 96 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 556 | 77 |
| Massachusetts | 300 | 26 |
| New York | 164 | 21 |
| Virginia | 65 | 5 |
| Texas | 31 | 10 |
| Florida | 20 | 8 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 9 (76) | 12 (40) | none |
| 2025 | 14 (55) | 16 (49) | none |
| 2024 | 13 (35) | 18 (106) | none |
| 2023 | 14 (27) | 9 (35) | none |
| 2022 | 15 (40) | 17 (44) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 5 | 19 |
| Not classified | 15 | 8 |
| Multi-stage venture firm | 9 | 8 |
| Private equity with venture activity | 3 | 2 |
| Corporate venture | 1 | 2 |
| Micro VC | 0 | 3 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 6 | 4 |
| $25M to $100M | 6 | 9 |
| $100M to $500M | 14 | 23 |
| $500M and over | 10 | 10 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 10 | 9 |
| New York | 0 | 5 |
| Massachusetts | 0 | 3 |
| Maryland | 1 | 1 |
| Florida | 0 | 1 |
| Georgia | 1 | 0 |
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
- Feb 3, 2012
- Latest filing
- Aug 31, 2026
- PCAOB firm id
- 105693, 1081, 1093, 1128, 118, 1258, 1266, 1275, 1306, 1309
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.