This provider
The service provider's name, 10 additional funds served, 2 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.
Nothing material in the last 365 days.
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 |
|---|---|---|---|---|---|
| Futaleufu Partners IV LLC | Futaleufu Manager, LLC | Administrator | 2021 | $81.7M | Form ADV Mar 10, 2026 reports.adviserinfo.sec.gov |
| Futaleufu Partners III, LLC | Futaleufu Manager, LLC | Administrator | 2017 | $29.3M | Form ADV Mar 10, 2026 reports.adviserinfo.sec.gov |
| Unshackled Ventures Fund III, L.P. | Arpu Research Labs, LLC | Administrator | 2022 | $26.6M | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
- Futaleufu Manager, LLC3 funds, $116M reported gross assets
- Arpu Research Labs, LLC6 funds, $73.4M reported gross assets
- Montcalm Capital Management LLC2 funds, $3.8M reported gross assets
- Mar 3, 2026Rename Administrator: name-hcglobalfund replaced this provider at The K Fund III, LP · K Fund Capital Management, LLCone firm family on both sides (vc_provider_family_key)Form ADV, previous Mar 31, 2025 reports.adviserinfo.sec.gov
- Aug 26, 2025Lost Administrator: Juniper Square replaced this provider at Electric Feel Ventures Fund I LP and 1 more of the same manager’s funds · Electric Feel Ventures LLCForm ADV, previous Aug 28, 2024 reports.adviserinfo.sec.gov
- Mar 31, 2025Won Administrator: this provider replaced Carta at Unshackled Ventures Fund II, L.P. and 4 more of the same manager’s funds · Arpu Research Labs, LLCForm ADV, previous Mar 29, 2024 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 13 venture funds, 0.0% of the venture funds with an administrator on record. Won 2 and lost 1 adviser decisions from 2024 to 2026: a net gain of 1.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 6 | 1 |
| Micro VC | 4 | 2 |
| Accelerator | 3 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 10 | 4 |
| $25M to $100M | 3 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 10 | 3 |
| Wyoming | 3 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2025 | 2 (6) | 1 (2) | none |
| 2023 | 1 (3) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 2 | 1 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 1 | 0 |
| $25M to $100M | 1 | 1 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 2 | 0 |
| Florida | 0 | 1 |
Loses most often to
- Juniper Square1 decision, 2 funds
Wins most often from
- Carta1 decision, 5 funds
- name-cartainvetor1 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. 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
- Nov 5, 2019
- Latest filing
- Mar 30, 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.