This provider
The service provider's name, 369 additional funds served, 3 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
- Won1 fund
BBQ Opportunity Ventures LLC moved a fund to this provider as custodian, from Silicon Valley Bank.
A new client relationship, first shown on this filing.
- Won2 funds
Haystack Management Company, LLC moved 2 funds to this provider as custodian, from First Citizens Bank.
A new client relationship, first shown on this filing.
- 3 / 0decisions won / lost
In the last 12 months advisers moved 105 funds to this provider (3 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 - Won102 funds
SAX Capital LLC moved 102 funds to this provider as custodian, from Silicon Valley Bank.
A new client relationship, first shown on this filing.
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 |
|---|---|---|---|---|---|
| Gigafund 0.14, LP | Gigafund | Custodian | 2021 | $4.2B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| Gigafund 0.8, LP | Gigafund | Custodian | 2020 | $2.8B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| Gigafund 0.1, LP | Gigafund | Custodian | 2017 | $2.1B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
- Gigafund21 funds, $14B reported gross assets
- Allocate Management Company, LLC104 funds, $1.0B reported gross assets
- NSV Management LLC19 funds, $657M reported gross assets
- Mar 30, 2026Won Custodian: this provider replaced Silicon Valley Bank at OMN 133, a Series of Sax Capital Series Fund III, LP and 101 more of the same manager’s funds · SAX Capital LLCForm ADV, previous Mar 31, 2025 reports.adviserinfo.sec.gov
- Mar 30, 2026Won Custodian: this provider replaced Silicon Valley Bank at SPX 244, a Series of Sax Capital Series Fund III, LP · BBQ Opportunity Ventures LLCForm ADV, previous Mar 31, 2025 reports.adviserinfo.sec.gov
- Mar 13, 2026Won Custodian: this provider replaced First Citizens Bank at HMC Needles II, LP and 1 more of the same manager’s funds · Haystack Management Company, LLCForm ADV, previous Feb 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 custodian on 372 venture funds, 0.8% of the venture funds with a custodian on record. Won 7 and lost 4 adviser decisions from 2024 to 2026: a net gain of 3.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Not classified | 162 | 2 |
| Multi-stage venture firm | 124 | 3 |
| Institutional venture firm | 46 | 9 |
| Seed fund manager | 25 | 6 |
| Micro VC | 9 | 5 |
| Angel fund or group | 2 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 324 | 29 |
| $25M to $100M | 33 | 8 |
| $100M to $500M | 7 | 3 |
| $500M and over | 8 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 119 | 7 |
| Connecticut | 19 | 1 |
| New York | 8 | 4 |
| Pennsylvania | 6 | 1 |
| Missouri | 3 | 2 |
| Colorado | 2 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 4 (106) | 3 (3) | none |
| 2025 | 1 (1) | 1 (1) | none |
| 2024 | 2 (4) | 0 (0) | none |
| 2023 | 0 (0) | 1 (1) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Not classified | 3 | 3 |
| Institutional venture firm | 2 | 1 |
| Multi-stage venture firm | 1 | 0 |
| Syndicate platform | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 4 | 4 |
| $25M to $100M | 3 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 4 | 1 |
Loses most often to
- Belltower Fund Group (AngelList)4 decisions, 4 funds
Wins most often from
- Silicon Valley Bank3 decisions, 106 funds
- Belltower Fund Group (AngelList)2 decisions, 2 funds
- First Citizens Bank1 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 custodian opportunity list
- First named
- Sep 10, 2020
- Latest filing
- Aug 24, 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.