This provider
The service provider's name, 142 additional funds served, 17 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
- Won3 funds
Sapphire Ventures, LLC moved 3 funds to this provider as administrator, from Gen II Fund Services.
A new client relationship, first shown on this filing.
- Won2 funds
Otro Capital moved 2 funds to this provider as administrator, from IQ-EQ.
A new client relationship, first shown on this filing.
- 2 / 0decisions won / lost
In the last 12 months advisers moved 5 funds to this provider (2 decisions) and 0 away (0 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 |
|---|---|---|---|---|---|
| Sapphire Ventures Fund V, L.P. | Sapphire Ventures, LLC | Administrator | 2021 | $1.1B | Form ADV Jul 30, 2026 reports.adviserinfo.sec.gov |
| Sapphire Ventures Fund IV, L.P. | Sapphire Ventures, LLC | Administrator | 2019 | $1.1B | Form ADV Jul 30, 2026 reports.adviserinfo.sec.gov |
| SAP Hana Real Time Fund, L.P. | Sapphire Ventures, LLC | Administrator | unknown | $996M | Form ADV Jul 30, 2026 reports.adviserinfo.sec.gov |
- Sapphire Ventures, LLC21 funds, $6.2B reported gross assets
- Fifth Wall Asset Management, LLC19 funds, $1.5B reported gross assets
- Catalio Capital Management, LP25 funds, $1.1B reported gross assets
- Mar 31, 2026Won Administrator: this provider replaced Gen II Fund Services 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 30, 2026Won Administrator: this provider replaced IQ-EQ at Forest Intermediate Holdings 1, LP and 1 more of the same manager’s funds · Otro CapitalForm ADV, previous Jan 26, 2026 reports.adviserinfo.sec.gov
- Mar 31, 2025Won Administrator: this provider replaced GREENOUGH CONSULTING GROUP at SAP Hana Real Time Fund, L.P. and 2 more of the same manager’s funds · Sapphire Ventures, LLCForm ADV, previous Mar 29, 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 142 venture funds, 0.3% of the venture funds with an administrator on record. Won 6 and lost 1 adviser decisions from 2024 to 2026: a net gain of 5.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 90 | 4 |
| Institutional venture firm | 21 | 4 |
| Not classified | 15 | 5 |
| Private equity with venture activity | 10 | 6 |
| Candidate | 3 | 2 |
| Corporate venture | 2 | 2 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 69 | 13 |
| $25M to $100M | 32 | 14 |
| $100M to $500M | 27 | 12 |
| $500M and over | 15 | 7 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 62 | 5 |
| New York | 31 | 6 |
| Texas | 21 | 1 |
| North Carolina | 2 | 1 |
| Florida | 1 | 1 |
| Utah | 1 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 2 (5) | 0 (0) | none |
| 2025 | 1 (3) | 1 (2) | none |
| 2024 | 3 (4) | 0 (0) | none |
| 2023 | 3 (18) | 3 (5) | none |
| 2022 | 1 (7) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Multi-stage venture firm | 4 | 0 |
| Candidate | 1 | 0 |
| Institutional venture firm | 0 | 1 |
| Not classified | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| $25M to $100M | 1 | 1 |
| $100M to $500M | 2 | 0 |
| $500M and over | 3 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| Texas | 4 | 0 |
| California | 1 | 0 |
Loses most often to
- NAV CONSULTING, INC.1 decision, 2 funds
Wins most often from
- GREENOUGH CONSULTING GROUP2 decisions, 4 funds
- Gen II Fund Services1 decision, 3 funds
- Standish Management1 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
- Mar 30, 2012
- Latest filing
- Aug 14, 2026
- CRD
- 10690
- SEC file number
- 8-27897
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.