This provider
The service provider's name, 71 additional funds served, 99 provider changes
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- Lost2 funds
Learn Capital moved 2 funds from this provider to Carta as administrator.
A client that left; the filing names who replaced this provider.
- Lost7 funds
Genoa Ventures, LLC moved 7 funds from this provider to Standish Management as administrator.
A client that left; the filing names who replaced this provider.
- 0 / 12decisions won / lost
In the last 12 months advisers moved 0 funds to this provider (0 decisions) and 91 away (12 decisions).
One adviser moving many vehicles on one filing is counted as one decision.
DerivedForm ADV and Form D filings, consecutive filings compared - Lost22 funds
Learn Capital moved 22 funds from this provider to Standish Management as administrator.
A client that left; the filing names who replaced this provider.
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 |
|---|---|---|---|---|---|
| Archer Venture Capital II, LP | Archer Venture Capital Management LLC | Administrator | 2017 | $77.5M | Form ADV Feb 6, 2020 sec.gov |
| Acies Investments Fund I, L.P. | Acies Investments Management, LLC | Administrator | unknown | $46.8M | Form ADV Feb 6, 2026 reports.adviserinfo.sec.gov |
| Structure X Capital, L.P. | Structure X Capital Management, LLC | Administrator | unknown | $36.1M | Form ADV Apr 5, 2021 sec.gov |
- Archer Venture Capital Management LLC2 funds, $78.5M reported gross assets
- Frontier3 funds, $58.3M reported gross assets
- Structure X Capital Management, LLC2 funds, $51.9M reported gross assets
- Apr 1, 2026Lost Administrator: Standish Management replaced this provider at Learn Capital Special Opportunities Fund Xxxii, L.P. and 21 more of the same manager’s funds · Learn CapitalForm ADV, previous Mar 31, 2025 reports.adviserinfo.sec.gov
- Apr 1, 2026Lost Administrator: Carta replaced this provider at Learn Capital Special Opportunities Fund Ix, L.P. and 1 more of the same manager’s funds · Learn CapitalForm ADV, previous Mar 31, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Lost Administrator: Standish Management replaced this provider at Genoa Opportunity Spv V, LLC and 6 more of the same manager’s funds · Genoa Ventures, LLCForm ADV, previous Apr 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 administrator on 74 venture funds, 0.2% of the venture funds with an administrator on record. Won 5 and lost 61 adviser decisions from 2024 to 2026: a net loss of 56.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 38 | 14 |
| Multi-stage venture firm | 13 | 4 |
| Micro VC | 11 | 11 |
| Private equity with venture activity | 4 | 2 |
| Not classified | 3 | 1 |
| Seed fund manager | 3 | 3 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 65 | 32 |
| $25M to $100M | 9 | 9 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 28 | 16 |
| New York | 6 | 1 |
| Texas | 6 | 2 |
| Colorado | 5 | 1 |
| Nevada | 4 | 1 |
| Michigan | 1 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 12 (91) | none |
| 2025 | 1 (2) | 38 (112) | none |
| 2024 | 4 (6) | 11 (95) | none |
| 2023 | 5 (7) | 5 (14) | none |
| 2022 | 2 (2) | 7 (22) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 1 | 27 |
| Multi-stage venture firm | 2 | 12 |
| Micro VC | 1 | 8 |
| Private equity with venture activity | 0 | 3 |
| Venture studio | 1 | 2 |
| Candidate | 0 | 2 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 3 | 11 |
| $25M to $100M | 1 | 32 |
| $100M to $500M | 1 | 17 |
| $500M and over | 0 | 1 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 1 | 19 |
| New York | 0 | 5 |
| Colorado | 1 | 2 |
| Utah | 0 | 3 |
| Washington | 1 | 2 |
| Massachusetts | 0 | 2 |
Loses most often to
- Standish Management48 decisions, 210 funds
- Carta3 decisions, 17 funds
- Apex Group2 decisions, 21 funds
Wins most often from
- Standish Management2 decisions, 3 funds
- ADURO ADVISORS, LLC1 decision, 2 funds
- name-martinbrusco1 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. 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
- Mar 30, 2016
- Latest filing
- Mar 25, 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.