This provider
The service provider's name, 53 additional funds served, 4 provider changes
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- Won7 funds
Goat Rodeo Capital Advisors, LLC moved 7 funds to this provider as administrator, from ADURO ADVISORS, LLC.
A new client relationship, first shown on this filing.
- 1 / 1decisions won / lost
In the last 12 months advisers moved 7 funds to this provider (1 decision) and 21 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 - Lost21 funds
Drive Capital LLC moved 21 funds from this provider to ZEDRA 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 |
|---|---|---|---|---|---|
| Fusion Fund IV, L.P. | Fusion Fund Silicon Valley LLC | Administrator | unknown | $189M | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| Fusion Fund II, L.P. | Fusion Fund Silicon Valley LLC | Administrator | unknown | $145M | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| Fusion Fund III, L.P. | Fusion Fund Silicon Valley LLC | Administrator | 2022 | $94.4M | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
- Fusion Fund Silicon Valley LLC6 funds, $526M reported gross assets
- Mantis Capital Management, LLC5 funds, $221M reported gross assets
- Empactful Capital LLC2 funds, $63.2M reported gross assets
- May 14, 2026Lost Administrator: ZEDRA replaced this provider at Drive Capital Ignition Fund II LP and 20 more of the same manager’s funds · Drive Capital LLCForm ADV, previous Mar 27, 2026 reports.adviserinfo.sec.gov
- Apr 1, 2026Won Administrator: this provider replaced ADURO ADVISORS, LLC at Goat Rodeo Capital Fund II, LP and 6 more of the same manager’s funds · Goat Rodeo Capital Advisors, LLCForm ADV, previous Mar 7, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2024Won Administrator: this provider replaced ADURO ADVISORS, LLC at Mantis Capital Fund I, LP and 1 more of the same manager’s funds · Mantis Capital Management, LLCForm ADV, previous Mar 31, 2023 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 56 venture funds, 0.1% of the venture funds with an administrator on record. Won 3 and lost 1 adviser decisions from 2024 to 2026: a net gain of 2.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Corporate venture | 17 | 2 |
| Micro VC | 15 | 2 |
| Institutional venture firm | 13 | 3 |
| Not classified | 7 | 1 |
| Private equity with venture activity | 3 | 1 |
| Multi-stage venture firm | 1 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 45 | 9 |
| $25M to $100M | 8 | 3 |
| $100M to $500M | 3 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 24 | 3 |
| New York | 9 | 2 |
| Pennsylvania | 2 | 1 |
| Ohio | 1 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 1 (7) | 1 (21) | none |
| 2024 | 2 (5) | 0 (0) | none |
| 2022 | 3 (21) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 2 | 0 |
| Micro VC | 1 | 0 |
| Multi-stage venture firm | 0 | 1 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 2 | 0 |
| $25M to $100M | 1 | 0 |
| $500M and over | 0 | 1 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 2 | 0 |
| New York | 1 | 0 |
| Ohio | 0 | 1 |
Loses most often to
- ZEDRA1 decision, 21 funds
Wins most often from
- ADURO ADVISORS, LLC2 decisions, 9 funds
- name-stratafund1 decision, 3 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 24, 2022
- Latest filing
- Apr 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 administrator to or away from this provider in the last 12 months?
A provider can be followed from its named record.