This provider
The service provider's name, 2 additional funds served
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 365 days.
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 |
|---|---|---|---|---|---|
| Spectrum 28 Capital I, L.P. | S28 Capital LLC | Administrator | 2015 | $434M | Form ADV Apr 3, 2026 reports.adviserinfo.sec.gov |
| SIP Global Tech Fund I, LP | SIP Capital | Administrator | unknown | $131M | Form ADV Apr 10, 2026 reports.adviserinfo.sec.gov |
| S28 Capital II, L.P. | S28 Capital LLC | Administrator | 2023 | $52.1M | Form ADV Apr 3, 2026 reports.adviserinfo.sec.gov |
Managers served
- S28 Capital LLC2 funds, $487M reported gross assets
- SIP Capital1 fund, $131M reported gross assets
- ION Pacific, Inc.2 funds, $50.2M reported gross assets
Change history
- Apr 3, 2026Succession Administrator: this provider replaced INTERTRUST FUND SERVICES (HONG KONG) LIMITED at Spectrum 28 Capital I, L.P. and 1 more of the same manager’s funds · S28 Capital LLCForm ADV, previous Mar 10, 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 administrator on 5 venture funds, 0.0% of the venture funds with an administrator on record. No adviser has switched to or away from this provider on the filings read.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 3 | 2 |
| Multi-stage venture firm | 2 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 1 | 1 |
| $25M to $100M | 2 | 2 |
| $100M to $500M | 2 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 4 | 2 |
| New Hampshire | 1 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 0 (0) | 1 in, 0 out |
Loses most often to
No adviser moved a fund from this provider in the last three years.
Wins most often from
No adviser moved a fund to this provider in the last three years.
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): 1 in (2 funds), 0 out (0 funds).
Who to call
The managers to call are listed by name for a reader with the venture graph. See the administrator opportunity list
Filing evidence
- First named
- Mar 28, 2025
- Latest filing
- Jul 17, 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 administrator to or away from this provider in the last 12 months?
A provider can be followed from its named record.