This provider
The service provider's name, 106 additional funds served, 8 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
- Won2 funds
Scout Vc, LLC moved 2 funds to this provider as administrator, from VMS FUND ADMINISTRATION.
A new client relationship, first shown on this filing.
- Won3 funds
Scout Vc, LLC moved 3 funds to this provider as administrator, from BARRIER CREST.
A new client relationship, first shown on this filing.
- Won4 funds
Tullis Health Investors moved 4 funds to this provider as administrator, from BARRIER CREST.
A new client relationship, first shown on this filing.
- 5 / 0decisions won / lost
In the last 12 months advisers moved 15 funds to this provider (5 decisions) 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 |
|---|---|---|---|---|---|
| Industry Ventures Secondary X, L.P. | Industry Ventures, L.L.C. | Administrator | 2023 | $1.5B | Form ADV May 22, 2026 reports.adviserinfo.sec.gov |
| Industry Ventures Secondary Ix, L.P. | Industry Ventures, L.L.C. | Administrator | 2020 | $1.1B | Form ADV May 22, 2026 reports.adviserinfo.sec.gov |
| Wing Two, L.P. | Wing Venture Partners | Administrator | 2016 | $742M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
- Industry Ventures, L.L.C.32 funds, $7.1B reported gross assets
- OWL Ventures17 funds, $2.5B reported gross assets
- Wing Venture Partners13 funds, $2.4B reported gross assets
- Mar 31, 2026Won Administrator: this provider replaced VMS FUND ADMINISTRATION at Scout Ventures Fund IV LP and 1 more of the same manager’s funds · Scout Vc, LLCForm ADV, previous Mar 24, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Administrator: this provider replaced BARRIER CREST at BHV Entrepreneurship Fund II, L.P. and 2 more of the same manager’s funds · Scout Vc, LLCForm ADV, previous Mar 24, 2025 reports.adviserinfo.sec.gov
- Mar 30, 2026Won Administrator: this provider replaced BARRIER CREST at Tullis-Dickerson Capital Focus III, L.P. and 3 more of the same manager’s funds · Tullis Health InvestorsForm ADV, previous Mar 27, 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 109 venture funds, 0.2% of the venture funds with an administrator on record. Won 5 and lost 0 adviser decisions from 2024 to 2026: a net gain of 5.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Candidate | 32 | 1 |
| Institutional venture firm | 32 | 7 |
| Multi-stage venture firm | 32 | 3 |
| Not classified | 7 | 1 |
| Private equity with venture activity | 6 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 42 | 10 |
| $25M to $100M | 32 | 11 |
| $100M to $500M | 27 | 6 |
| $500M and over | 8 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 83 | 7 |
| Utah | 6 | 1 |
| Texas | 5 | 1 |
| Florida | 4 | 1 |
| District of Columbia | 3 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 5 (15) | 0 (0) | none |
| 2023 | 2 (5) | 0 (0) | none |
| 2022 | 1 (3) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 4 | 0 |
| Multi-stage venture firm | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| $25M to $100M | 3 | 0 |
| $100M to $500M | 2 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| Texas | 2 | 0 |
| California | 1 | 0 |
| Florida | 1 | 0 |
Loses most often to
No adviser moved a fund from this provider in the last three years.
Wins most often from
- BARRIER CREST4 decisions, 13 funds
- VMS FUND ADMINISTRATION1 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
- Jun 29, 2019
- Latest filing
- Aug 21, 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.