This provider
The service provider's name, 127 additional funds served, 9 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
- Won1 fund
Quiet Capital Management, LLC moved a fund to this provider as custodian, from Silicon Valley Bank.
A new client relationship, first shown on this filing.
- Won1 fund
22c Capital LLC moved a fund to this provider as custodian, from JPMorgan.
A new client relationship, first shown on this filing.
- 4 / 1decisions won / lost
In the last 12 months advisers moved 14 funds to this provider (4 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 - Won10 funds
3l Capital Management, LLC moved 10 funds to this provider as custodian, from JPMorgan.
A new client relationship, first shown on this filing.
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 |
|---|---|---|---|---|---|
| Lytton Partners 125.3 | Meritech Capital | Custodian | 2020 | $1.3B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Lytton Partners 125.4 | Meritech Capital | Custodian | 2022 | $1.1B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Lytton Partners 125.2 | Meritech Capital | Custodian | 2018 | $990M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
- Meritech Capital18 funds, $4.2B reported gross assets
- Quiet Capital Management, LLC31 funds, $1.0B reported gross assets
- Glynn Capital Management, LLC4 funds, $1.0B reported gross assets
- Mar 31, 2026Won Custodian: this provider replaced JPMorgan at 3l Gigem, LP and 9 more of the same manager’s funds · 3l Capital Management, LLCForm ADV, previous Oct 2, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Custodian: this provider replaced Silicon Valley Bank at Quiet Select Vl, LP · Quiet Capital Management, LLCForm ADV, previous Apr 25, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Custodian: this provider replaced JPMorgan at 22c Capital I, LP · 22c Capital LLCForm ADV, previous May 5, 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 130 venture funds, 0.3% of the venture funds with a custodian on record. Won 5 and lost 1 adviser decisions from 2024 to 2026: a net gain of 4.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 70 | 7 |
| Institutional venture firm | 44 | 10 |
| Private equity with venture activity | 6 | 2 |
| Corporate venture | 4 | 2 |
| Not classified | 3 | 1 |
| Candidate | 1 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 69 | 16 |
| $25M to $100M | 37 | 19 |
| $100M to $500M | 20 | 11 |
| $500M and over | 4 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 88 | 13 |
| Washington | 8 | 1 |
| Massachusetts | 7 | 2 |
| New York | 6 | 3 |
| Texas | 5 | 1 |
| Michigan | 1 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 4 (14) | 1 (1) | none |
| 2025 | 1 (3) | 0 (0) | 5 in, 0 out |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 1 | 1 |
| Multi-stage venture firm | 2 | 0 |
| Corporate venture | 1 | 0 |
| Not classified | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 0 | 1 |
| $25M to $100M | 1 | 0 |
| $100M to $500M | 4 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 2 | 0 |
| New York | 1 | 1 |
| Massachusetts | 1 | 0 |
Loses most often to
- JPMorgan1 decision, 1 fund
Wins most often from
- JPMorgan2 decisions, 11 funds
- First Republic Bank1 decision, 3 funds
- PNC1 decision, 2 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): 5 in (29 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
- Mar 27, 2024
- Latest filing
- Jul 31, 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 custodian to or away from this provider in the last 12 months?
A provider can be followed from its named record.