This provider
The service provider's name, 243 additional funds served, 27 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
- Lost4 funds
Crcm L.P. moved 4 funds from this provider to NAV CONSULTING, INC. as administrator.
A client that left; the filing names who replaced this provider.
- Won2 funds
Dhody Investment Group moved 2 funds to this provider as administrator, from HY GLOBAL FUND SERVICES, LLC.
A new client relationship, first shown on this filing.
- Lost1 fund
Cadenza Ventures Management Company, LLC moved a fund from this provider to SPV HUB as administrator.
A client that left; the filing names who replaced this provider.
- 3 / 2decisions won / lost
In the last 12 months advisers moved 8 funds to this provider (3 decisions) and 5 away (2 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 |
|---|---|---|---|---|---|
| Healthquest Partners IV, L.P. | Healthquest Capital Management, L.P. | Administrator | 2022 | $682M | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| AV Ai Growth Fund LLC | Access Ventures | Administrator | unknown | $635M | Form ADV Jul 15, 2026 reports.adviserinfo.sec.gov |
| Basis Set Ventures I, L.P. | Basis Set Ventures, LLC | Administrator | unknown | $577M | Form ADV Mar 23, 2026 reports.adviserinfo.sec.gov |
- Healthquest Capital Management, L.P.9 funds, $1.6B reported gross assets
- FPV Management, LLC4 funds, $1.1B reported gross assets
- Access Ventures29 funds, $990M reported gross assets
- Mar 31, 2026Lost Administrator: NAV CONSULTING, INC. replaced this provider at Crcm Opportunity Fund IV, L.P. and 3 more of the same manager’s funds · Crcm L.P.Form ADV, previous Apr 30, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Administrator: this provider replaced HY GLOBAL FUND SERVICES, LLC at BIP II Path, LLC and 1 more of the same manager’s funds · Dhody Investment GroupForm ADV, previous Mar 31, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Lost Administrator: SPV HUB replaced this provider at Cadenza Ai Ventures Opportunities Fund, LP Series to · Cadenza Ventures Management Company, LLCForm ADV, previous Mar 31, 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 246 venture funds, 0.5% of the venture funds with an administrator on record. Won 6 and lost 8 adviser decisions from 2024 to 2026: a net loss of 2.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 98 | 8 |
| Institutional venture firm | 85 | 13 |
| Accelerator | 32 | 2 |
| Micro VC | 15 | 8 |
| Syndicate platform | 5 | 1 |
| Not classified | 5 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 183 | 30 |
| $25M to $100M | 46 | 21 |
| $100M to $500M | 12 | 9 |
| $500M and over | 5 | 4 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 55 | 19 |
| New York | 40 | 2 |
| Michigan | 39 | 1 |
| Wisconsin | 31 | 1 |
| Texas | 9 | 1 |
| Illinois | 7 | 2 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 3 (8) | 2 (5) | none |
| 2025 | 2 (4) | 3 (36) | none |
| 2024 | 1 (2) | 3 (4) | none |
| 2023 | 3 (7) | 1 (3) | none |
| 2022 | 2 (6) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Multi-stage venture firm | 3 | 3 |
| Institutional venture firm | 2 | 1 |
| Candidate | 0 | 1 |
| Micro VC | 1 | 0 |
| Private equity with venture activity | 0 | 1 |
| Seed fund manager | 0 | 1 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 2 | 2 |
| $25M to $100M | 0 | 3 |
| $100M to $500M | 4 | 3 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 2 | 4 |
| Utah | 2 | 0 |
| Colorado | 1 | 0 |
| Florida | 1 | 0 |
| New York | 0 | 1 |
Loses most often to
- NAV CONSULTING, INC.2 decisions, 6 funds
- VECTOR AIS, LLC2 decisions, 2 funds
- Juniper Square1 decision, 19 funds
Wins most often from
- ADURO ADVISORS, LLC1 decision, 4 funds
- Carta1 decision, 3 funds
- name-kranzconsultinganaddisongroup1 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
- Mar 31, 2014
- Latest filing
- Jul 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.