This provider
The service provider's name, 5 provider changes
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- Lost1 fund
Surface Venture Management, LLC moved a fund from this provider to CHOICE FINANCIAL GROUP 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
Funds served
About this sectionA 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 |
|---|---|---|---|---|---|
| TWO Sigma Ventures II, LLC | Deviation Capital | Custodian | 2019 | $721M | Form ADV Jun 26, 2026 reports.adviserinfo.sec.gov |
| TWO Sigma Ventures III, LP | Deviation Capital | Custodian | 2018 | $645M | Form ADV Jun 26, 2026 reports.adviserinfo.sec.gov |
| Clarus Iv-A, L.P. | Clarus Ventures, LLC | Custodian | 2017 | not reported | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
Managers served
- Deviation Capital2 funds, $1.4B reported gross assets
- Clarus Ventures, LLC1 fund
Change history
- Mar 26, 2026Lost Custodian: CHOICE FINANCIAL GROUP replaced this provider at RTP Seed Ventures, LP · Surface Venture Management, LLCForm ADV, previous Apr 1, 2025 reports.adviserinfo.sec.gov
- Apr 1, 2025Lost Custodian: CITIZENS BANK replaced this provider at Surface Ventures III, L.P. and 2 more of the same manager’s funds · Surface Venture Management, LLCForm ADV, previous Mar 29, 2024 reports.adviserinfo.sec.gov
- May 1, 2024Won Custodian: Bank of America, this provider, STIFEL, NICOLAUS & COMPANY, INCORPORATED replaced First Republic Bank, UBS FINANCIAL SERVICES INC. at Clarus Iv-A, L.P. · Clarus Ventures, LLCForm ADV, previous Mar 28, 2024 sec.gov
Competitive position
About this sectionA 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 3 venture funds, 0.0% of the venture funds with a custodian on record. Won 1 and lost 3 adviser decisions from 2024 to 2026: a net loss of 2.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 2 | 1 |
| Corporate venture | 1 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| $100M to $500M | 1 | 1 |
| $500M and over | 2 | 1 |
By manager state
| Funds | Managers | |
|---|---|---|
| New York | 2 | 1 |
| Massachusetts | 1 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 1 (1) | none |
| 2025 | 0 (0) | 1 (3) | none |
| 2024 | 1 (1) | 1 (1) | none |
| 2023 | 2 (2) | 1 (1) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Corporate venture | 1 | 1 |
| Institutional venture firm | 0 | 2 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 0 | 1 |
| $25M to $100M | 0 | 1 |
| $500M and over | 1 | 1 |
Manager state
| Won | Lost | |
|---|---|---|
| Massachusetts | 1 | 1 |
| New York | 0 | 2 |
Loses most often to
- CITIZENS BANK1 decision, 3 funds
- CHOICE FINANCIAL GROUP1 decision, 1 fund
- UBS FINANCIAL SERVICES INC.1 decision, 1 fund
Wins most often from
- First Republic Bank1 decision, 1 fund
- UBS FINANCIAL SERVICES INC.1 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. No change to or from this provider is recorded as an acquisition.
Who to call
The managers to call are listed by name for a reader with the venture graph. See the custodian opportunity list
Filing evidence
- First named
- Mar 29, 2018
- Latest filing
- Jun 26, 2026
- LEI
- 8EWQ2UQKS07AKK8ANH81
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 and follow
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.