This provider
The service provider's name, 4 additional funds served
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- Won1 fund
CNL Fund Advisors II, LLC moved a fund to this provider as custodian, from VALLEY NATIONAL BANK.
A new client relationship, first shown on this filing.
- 1 / 0decisions won / lost
In the last 12 months advisers moved 1 fund 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
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 |
|---|---|---|---|---|---|
| Deepwork Fund III, LP | Deepwork Capital, LLC | Custodian | 2024 | $37.5M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| CNL Strategic Venture Partners, LLC | CNL Fund Advisors II, LLC | Custodian | unknown | $19.9M | Form ADV Jun 30, 2026 reports.adviserinfo.sec.gov |
| FAN Investors Fund II, LP | Deepwork Capital, LLC | Custodian | 2018 | $16.2M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
Managers served
- Deepwork Capital, LLC6 funds, $69.1M reported gross assets
- CNL Fund Advisors II, LLC1 fund, $19.9M reported gross assets
Change history
- Mar 24, 2026Won Custodian: this provider replaced VALLEY NATIONAL BANK at CNL Strategic Venture Partners, LLC · CNL Fund Advisors II, LLCForm ADV, previous Apr 17, 2025 reports.adviserinfo.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 7 venture funds, 0.0% of the venture funds with a custodian on record. Won 1 and lost 0 adviser decisions from 2024 to 2026: a net gain of 1.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 6 | 1 |
| Micro VC | 1 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 6 | 2 |
| $25M to $100M | 1 | 1 |
By manager state
| Funds | Managers | |
|---|---|---|
| Florida | 7 | 2 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 1 (1) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Micro VC | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| $25M to $100M | 1 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| Florida | 1 | 0 |
Loses most often to
No adviser moved a fund from this provider in the last three years.
Wins most often from
- VALLEY NATIONAL 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. 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
- May 7, 2021
- Latest filing
- Jun 30, 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 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.