This provider
The service provider's name, 702 additional funds served, 144 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
Saluda Grade Ventures LLC moved a fund from this provider to Carta as administrator.
A client that left; the filing names who replaced this provider.
- Lost2 funds
Vivo Capital, LLC moved 2 funds from this provider to Citco as administrator.
A client that left; the filing names who replaced this provider.
- 0 / 7decisions won / lost
In the last 12 months advisers moved 0 funds to this provider (0 decisions) and 26 away (7 decisions).
One adviser moving many vehicles on one filing is counted as one decision.
DerivedForm ADV and Form D filings, consecutive filings compared - Lost11 funds
Volta Energy Technologies, LLC moved 11 funds from this provider to Carta as administrator.
A client that left; the filing names who replaced this provider.
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 |
|---|---|---|---|---|---|
| Altimeter Growth Partners Fund VI, L.P. | Altimeter Capital Management, LP | Administrator | 2021 | $3.4B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Shunwei China Internet Opportunity Fund II, L.P. | Momentum Capital Partners Alpha Advisor Limited | Administrator | unknown | $1.6B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| Pine Brook Capital Partners II LP | Pine Brook | Administrator | 2012 | $1.3B | Form ADV May 29, 2026 reports.adviserinfo.sec.gov |
- Altimeter Capital Management, LP27 funds, $6.4B reported gross assets
- Firstmark Capital, LLC33 funds, $5.0B reported gross assets
- Momentum Capital Partners Fund IV Advisor Limited6 funds, $4.4B reported gross assets
- May 27, 2026Lost Administrator: Carta replaced this provider at Saluda Grade Alternative Lending and Fintech Growth Fund II LP · Saluda Grade Ventures LLCForm ADV, previous Mar 30, 2026 reports.adviserinfo.sec.gov
- Mar 31, 2026Lost Administrator: Carta replaced this provider at Volta Energy Storage Fund II, LP and 10 more of the same manager’s funds · Volta Energy Technologies, LLCForm ADV, previous Mar 19, 2026 reports.adviserinfo.sec.gov
- Mar 31, 2026Lost Administrator: Citco replaced this provider at Vivo Opportunity Fund Holdings, L.P. and 1 more of the same manager’s funds · Vivo Capital, LLCForm ADV, previous Mar 31, 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 697 venture funds, 1.5% of the venture funds with an administrator on record. Won 6 and lost 27 adviser decisions from 2024 to 2026: a net loss of 21.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 182 | 18 |
| Not classified | 159 | 43 |
| Institutional venture firm | 140 | 33 |
| Private equity with venture activity | 80 | 14 |
| Candidate | 40 | 17 |
| Accelerator | 38 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 346 | 98 |
| $25M to $100M | 154 | 80 |
| $100M to $500M | 159 | 71 |
| $500M and over | 46 | 23 |
By manager state
| Funds | Managers | |
|---|---|---|
| New York | 161 | 27 |
| California | 104 | 23 |
| Connecticut | 37 | 3 |
| Massachusetts | 34 | 3 |
| Florida | 18 | 5 |
| Colorado | 17 | 5 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 7 (26) | none |
| 2025 | 2 (4) | 5 (21) | none |
| 2024 | 4 (26) | 15 (85) | none |
| 2023 | 10 (61) | 11 (24) | none |
| 2022 | 5 (9) | 5 (8) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 0 | 9 |
| Multi-stage venture firm | 2 | 5 |
| Not classified | 3 | 2 |
| Candidate | 0 | 3 |
| Private equity with venture activity | 1 | 2 |
| Corporate venture | 0 | 2 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 1 | 3 |
| $25M to $100M | 2 | 6 |
| $100M to $500M | 2 | 14 |
| $500M and over | 1 | 4 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 2 | 6 |
| New York | 0 | 7 |
| Colorado | 0 | 3 |
| Illinois | 0 | 2 |
| Virginia | 0 | 2 |
| Georgia | 0 | 1 |
Loses most often to
- Carta5 decisions, 28 funds
- NAV CONSULTING, INC.3 decisions, 28 funds
- MERITAGE ACCOUNTING GROUP3 decisions, 10 funds
Wins most often from
- ADURO ADVISORS, LLC1 decision, 20 funds
- GP FUND SOLUTIONS, LLC1 decision, 3 funds
- CORNERSTONE FUND SERVICES1 decision, 3 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 3, 2012
- Latest filing
- Aug 31, 2026
- LEI
- 222100T37JIWHYSRRR28
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.