This provider
The service provider's name, 206 additional funds served, 102 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
Rising Tide Fund Managers, LLC moved a fund from this provider to Bank of America as custodian.
A client that left; the filing names who replaced this provider.
- 0 / 1decisions won / lost
In the last 12 months advisers moved 0 funds to this provider (0 decisions) and 1 away (1 decision).
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 |
|---|---|---|---|---|---|
| Balderton Capital V, L.P. | Balderton Capital | Custodian | 2013 | $3.5B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Perceptive Xontogeny Venture Fund II, LP | Perceptive Advisors | Custodian | 2018 | $500M | Form ADV Jul 13, 2026 reports.adviserinfo.sec.gov |
| Felicis Ventures V, L.P. | Felicis Ventures | Custodian | 2016 | $431M | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
- Balderton Capital4 funds, $3.7B reported gross assets
- Perceptive Advisors2 funds, $714M reported gross assets
- Liquid 2 Ventures, LLC10 funds, $700M reported gross assets
- Mar 31, 2026Lost Custodian: Bank of America replaced this provider at Rising Tide Seed 2016, L.P. · Rising Tide Fund Managers, LLCForm ADV, previous Mar 27, 2025 reports.adviserinfo.sec.gov
- Mar 27, 2026Rename Custodian: Silicon Valley Bank replaced this provider at HCG Flex Coinvest C LLC and 1 more of the same manager’s funds · HCG Fund Management LPForm ADV, previous Jan 29, 2026 reports.adviserinfo.sec.gov
- Mar 31, 2025Rename Custodian: Silicon Valley Bank replaced this provider at OWL Ventures Partnership Holdings II, LLC and 16 more of the same manager’s funds · OWL VenturesForm ADV, previous Mar 27, 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 custodian on 209 venture funds, 0.4% of the venture funds with a custodian on record. Won 5 and lost 26 adviser decisions from 2024 to 2026: a net loss of 21.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 113 | 19 |
| Syndicate platform | 25 | 3 |
| Not classified | 23 | 6 |
| Multi-stage venture firm | 19 | 6 |
| Micro VC | 11 | 7 |
| Private equity with venture activity | 8 | 3 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 159 | 37 |
| $25M to $100M | 25 | 18 |
| $100M to $500M | 23 | 15 |
| $500M and over | 2 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 58 | 11 |
| New York | 41 | 7 |
| Virginia | 36 | 2 |
| Texas | 5 | 1 |
| Florida | 4 | 1 |
| Delaware | 3 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 1 (1) | none |
| 2025 | 1 (1) | 8 (29) | 0 in, 2 out |
| 2024 | 4 (9) | 17 (61) | none |
| 2023 | 14 (57) | 6 (121) | none |
| 2022 | 1 (2) | 3 (5) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 3 | 18 |
| Not classified | 2 | 4 |
| Micro VC | 1 | 1 |
| Multi-stage venture firm | 0 | 2 |
| Private equity with venture activity | 0 | 1 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 2 | 9 |
| $25M to $100M | 4 | 8 |
| $100M to $500M | 0 | 7 |
| $500M and over | 0 | 2 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 1 | 9 |
| Washington | 0 | 4 |
| New York | 0 | 2 |
| Pennsylvania | 1 | 0 |
| Utah | 0 | 1 |
| Virginia | 0 | 1 |
Loses most often to
- First Citizens Bank14 decisions, 68 funds
- Bank of America7 decisions, 19 funds
- Carta4 decisions, 4 funds
Wins most often from
- Silicon Valley Bank3 decisions, 14 funds
- JPMorgan1 decision, 1 fund
- First Republic Bank1 decision, 1 fund
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. By acquisition (a succession, never counted as won or lost): 0 in (0 funds), 2 out (10 funds).
The managers to call are listed by name for a reader with the venture graph. See the custodian opportunity list
- First named
- Aug 25, 2016
- Latest filing
- Aug 27, 2026
- LEI
- 25490041Y3ITG7RD6H37, 2549006SX2APS6OJMQ40, 5493000YTI7GNGKKZX79, 5493003VJXZ5JXT95762, 5493003VJXZ5JXT9S762, SI7YQSVPFZBSQ878IC17
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 custodian to or away from this provider in the last 12 months?
A provider can be followed from its named record.