This provider
The service provider's name, 59 additional funds served, 3 provider changes
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- Won7 funds
Operator Collective Management, L.L.C. moved 7 funds to this provider as administrator, from Carta.
A new client relationship, first shown on this filing.
- 1 / 0decisions won / lost
In the last 12 months advisers moved 7 funds to this provider (1 decision) 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 |
|---|---|---|---|---|---|
| Green Bay Ventures - Ds II, LLC | Green Bay Advisors, LLC | Administrator | 2018 | $938M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Green Bay Ventures Growth, LLC | Green Bay Advisors, LLC | Administrator | 2018 | $495M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Green Bay Ventures - Ds, LLC | Green Bay Advisors, LLC | Administrator | 2018 | $474M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
- Green Bay Advisors, LLC19 funds, $3.1B reported gross assets
- 1315 Capital3 funds, $690M reported gross assets
- Search Fund Accelerator, LLC8 funds, $356M reported gross assets
- Mar 31, 2026Won Administrator: this provider replaced Carta at Operator Collective Fund II, L.P. and 6 more of the same manager’s funds · Operator Collective Management, L.L.C.Form ADV, previous Mar 31, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2025Won Administrator: this provider replaced Carta at Refinery Ventures Fund II, LP and 1 more of the same manager’s funds · Refinery Ventures Management, LLCForm ADV, previous Mar 27, 2024 reports.adviserinfo.sec.gov
- Mar 28, 2025Lost Administrator: Carta replaced this provider at Datatribe Opportunities Fund, L.P. · Datatribe Opportunities Management, LLCForm ADV, previous Mar 28, 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 62 venture funds, 0.1% of the venture funds with an administrator on record. Won 3 and lost 1 adviser decisions from 2024 to 2026: a net gain of 2.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 19 | 4 |
| Multi-stage venture firm | 19 | 1 |
| Not classified | 8 | 2 |
| Accelerator | 8 | 1 |
| Candidate | 3 | 1 |
| Venture studio | 3 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 31 | 9 |
| $25M to $100M | 16 | 8 |
| $100M to $500M | 13 | 6 |
| $500M and over | 2 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 29 | 3 |
| Louisiana | 8 | 1 |
| Rhode Island | 5 | 1 |
| Delaware | 4 | 1 |
| Ohio | 3 | 1 |
| Pennsylvania | 3 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 1 (7) | 0 (0) | none |
| 2025 | 1 (2) | 1 (1) | none |
| 2024 | 1 (4) | 0 (0) | none |
| 2022 | 2 (11) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 3 | 1 |
Fund size
| Won | Lost | |
|---|---|---|
| $25M to $100M | 1 | 1 |
| $100M to $500M | 2 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 1 | 0 |
| Ohio | 1 | 0 |
| Rhode Island | 1 | 0 |
| Wyoming | 0 | 1 |
Loses most often to
- Carta1 decision, 1 fund
Wins most often from
- Carta2 decisions, 9 funds
- ULTIMUS LEVERPOINT PRIVATE FUND SOLUTIONS1 decision, 4 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
- Apr 7, 2021
- Latest filing
- Jun 12, 2026
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.