This provider
The service provider's name, 405 additional funds served, 35 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
Cavu Consumer Partners, LLC moved 3 funds to this provider as custodian, from JPMorgan.
A new client relationship, first shown on this filing.
- Lost1 fund
Highbury Park LLC moved a fund from this provider to Bank of America as custodian.
A client that left; the filing names who replaced this provider.
- Won7 funds
Navitas Capital Management, LLC moved 7 funds to this provider as custodian, from Silicon Valley Bank.
A new client relationship, first shown on this filing.
- 7 / 1decisions won / lost
In the last 12 months advisers moved 54 funds to this provider (7 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 |
|---|---|---|---|---|---|
| Horsley Bridge International V, L.P. | Horsley Bridge Partners LLC | Custodian | 2009 | $3.0B | Form ADV Jun 17, 2026 reports.adviserinfo.sec.gov |
| Horsley Bridge Xii Venture, L.P. | Horsley Bridge Partners LLC | Custodian | 2018 | $2.9B | Form ADV Jun 17, 2026 reports.adviserinfo.sec.gov |
| Horsley Bridge Xi Venture, L.P. | Horsley Bridge Partners LLC | Custodian | 2015 | $2.9B | Form ADV Jun 17, 2026 reports.adviserinfo.sec.gov |
- Horsley Bridge Partners LLC31 funds, $19B reported gross assets
- CRV, LLC6 funds, $2.7B reported gross assets
- Third Rock Ventures, LLC.6 funds, $1.9B reported gross assets
- Mar 31, 2026Won Custodian: this provider replaced JPMorgan at OBS Investors LP and 2 more of the same manager’s funds · Cavu Consumer Partners, LLCForm ADV, previous Jun 17, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Lost Custodian: Bank of America replaced JPMorgan, this provider at CH Investors Partners LLC · Highbury Park LLCForm ADV, previous Apr 24, 2025 reports.adviserinfo.sec.gov
- Mar 30, 2026Won Custodian: JPMorgan, this provider replaced Silicon Valley Bank at Navitas Capital II, L.P. and 6 more of the same manager’s funds · Navitas Capital Management, LLCForm ADV, previous Mar 21, 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 custodian on 408 venture funds, 0.8% of the venture funds with a custodian on record. Won 29 and lost 1 adviser decisions from 2024 to 2026: a net gain of 28.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 202 | 33 |
| Multi-stage venture firm | 102 | 10 |
| Seed fund manager | 45 | 2 |
| Not classified | 38 | 7 |
| Micro VC | 10 | 7 |
| Private equity with venture activity | 6 | 4 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 229 | 42 |
| $25M to $100M | 83 | 41 |
| $100M to $500M | 81 | 37 |
| $500M and over | 15 | 4 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 177 | 24 |
| New York | 54 | 14 |
| Utah | 41 | 3 |
| Massachusetts | 12 | 4 |
| Georgia | 2 | 1 |
| Nevada | 2 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 7 (54) | 1 (1) | 1 in, 0 out |
| 2025 | 20 (113) | 0 (0) | 1 in, 0 out |
| 2024 | 2 (3) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 11 | 1 |
| Multi-stage venture firm | 9 | 0 |
| Not classified | 4 | 0 |
| Candidate | 2 | 0 |
| Seed fund manager | 2 | 0 |
| Micro VC | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 6 | 1 |
| $25M to $100M | 6 | 0 |
| $100M to $500M | 15 | 0 |
| $500M and over | 2 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 13 | 0 |
| New York | 5 | 0 |
| Utah | 2 | 0 |
| Connecticut | 1 | 0 |
| Massachusetts | 1 | 0 |
Loses most often to
- Bank of America1 decision, 1 fund
Wins most often from
- First Republic Bank16 decisions, 92 funds
- JPMorgan6 decisions, 55 funds
- Silicon Valley Bank5 decisions, 12 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. By acquisition (a succession, never counted as won or lost): 2 in (6 funds), 0 out (0 funds).
The managers to call are listed by name for a reader with the venture graph. See the custodian opportunity list
- First named
- May 11, 2020
- Latest filing
- Aug 25, 2026
- LEI
- DRMSV1Q0EKMEXLAU1P80
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.