This provider
The service provider's name, 66 additional funds served, 7 provider changes
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- Lost1 fund
ION Pacific, Inc. moved a fund from this provider to QUINTET PRIVATE BANK as custodian.
A client that left; the filing names who replaced this provider.
- 0 / 1decisions won / lost
In the last 12 months advisers moved 0 funds to this provider (0 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
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 |
|---|---|---|---|---|---|
| Vivo Opportunity Fund Holdings, L.P. | Vivo Capital, LLC | Custodian | 2023 | $2.0B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Vivo Capital Fund Ix, L.P. | Vivo Capital, LLC | Custodian | 2018 | $1.8B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Spectrum 28 Capital I, L.P. | S28 Capital LLC | Custodian | 2015 | $434M | Form ADV Apr 3, 2026 reports.adviserinfo.sec.gov |
- Vivo Capital, LLC5 funds, $4.0B reported gross assets
- BLC Advisors, Ltd.4 funds, $769M reported gross assets
- S28 Capital LLC2 funds, $487M reported gross assets
- Mar 31, 2026Lost Custodian: QUINTET PRIVATE BANK replaced BANC OF CALIFORNIA, this provider at ION Pacific Stonecutter III (luxembourg) Scsp · ION Pacific, Inc.Form ADV, previous Mar 28, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2025Won Custodian: this provider replaced Silicon Valley Bank at Blue Lake Capital Fund II, L.P. · BLC Advisors, Ltd.Form ADV, previous Mar 30, 2024 reports.adviserinfo.sec.gov
- Mar 28, 2025Won Custodian: BANC OF CALIFORNIA, this provider replaced Silicon Valley Bank, PACIFIC WESTERN BANK at ION Pacific Stonecutter II (cayman) LP · ION Pacific, Inc.Form ADV, previous Feb 14, 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 69 venture funds, 0.1% of the venture funds with a custodian on record. Won 4 and lost 3 adviser decisions from 2024 to 2026: a net gain of 1.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 43 | 4 |
| Institutional venture firm | 16 | 7 |
| Candidate | 7 | 1 |
| Not classified | 2 | 2 |
| Corporate venture | 1 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 42 | 8 |
| $25M to $100M | 12 | 8 |
| $100M to $500M | 13 | 9 |
| $500M and over | 2 | 1 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 38 | 6 |
| Massachusetts | 7 | 1 |
| Nevada | 7 | 1 |
| New York | 7 | 1 |
| Florida | 1 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 1 (1) | none |
| 2025 | 3 (3) | 2 (2) | 1 in, 0 out |
| 2024 | 1 (1) | 0 (0) | 1 in, 0 out |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Multi-stage venture firm | 3 | 3 |
| Institutional venture firm | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 0 | 1 |
| $25M to $100M | 0 | 1 |
| $100M to $500M | 4 | 1 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 3 | 3 |
Loses most often to
- PACIFIC WESTERN BANK2 decisions, 2 funds
- Silicon Valley Bank1 decision, 1 fund
- QUINTET PRIVATE BANK1 decision, 1 fund
Wins most often from
- Silicon Valley Bank3 decisions, 3 funds
- PACIFIC WESTERN BANK2 decisions, 2 funds
- Comerica1 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. By acquisition (a succession, never counted as won or lost): 2 in (2 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 4, 2015
- Latest filing
- Aug 20, 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.