This provider
The service provider's name, 118 additional funds served, 4 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 |
|---|---|---|---|---|---|
| Battery Ventures Xiv, L.P. | Battery Management Corp. | Custodian | 2022 | $2.8B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| Battery Ventures Xii, L.P. | Battery Management Corp. | Custodian | 2018 | $1.1B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| Battery Ventures Xiii, L.P. | Battery Management Corp. | Custodian | 2020 | $951M | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
- Battery Management Corp.31 funds, $6.5B reported gross assets
- Fifth Wall Asset Management, LLC16 funds, $1.5B reported gross assets
- Atreides Management, LP26 funds, $1.4B reported gross assets
- Mar 31, 2025Won Administrator: this provider replaced MILLENNIUM TRUST COMPANY at CIS Venture Partners 2013 · Connors Investor Services IncForm ADV, previous Oct 22, 2024 reports.adviserinfo.sec.gov
- Mar 26, 2025Rename Custodian: ALLIED IRISH BANKS, P.L.C., BANK OF NEW YORK MELLON (LONDON BRANCH), this provider replaced ALLIED IRISH BANKS, P.L.C., BANK OF NEW YORK MELLON (LONDON BRANCH), MILLENNIUM TRUST COMPANY at HCG Finance Dac · HCG Fund Management LPForm ADV, previous Mar 27, 2024 reports.adviserinfo.sec.gov
- Mar 25, 2025Won Custodian: this provider replaced MILLENNIUM TRUST COMPANY at Militello Venture Partners II, LP and 1 more of the same manager’s funds · McasForm ADV, previous Mar 28, 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 custodian on 120 venture funds, 0.2% of the venture funds with a custodian on record. Won 6 and lost 0 adviser decisions from 2024 to 2026: a net gain of 6.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 48 | 3 |
| Private equity with venture activity | 37 | 4 |
| Institutional venture firm | 26 | 5 |
| Micro VC | 6 | 3 |
| Candidate | 4 | 2 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 65 | 16 |
| $25M to $100M | 24 | 8 |
| $100M to $500M | 21 | 5 |
| $500M and over | 11 | 5 |
By manager state
| Funds | Managers | |
|---|---|---|
| Massachusetts | 57 | 2 |
| California | 26 | 3 |
| New York | 12 | 5 |
| Texas | 10 | 1 |
| Missouri | 5 | 1 |
| Utah | 4 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2025 | 3 (4) | 0 (0) | none |
| 2024 | 3 (20) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Private equity with venture activity | 2 | 0 |
| Candidate | 1 | 0 |
| Institutional venture firm | 1 | 0 |
| Micro VC | 1 | 0 |
| Multi-stage venture firm | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 3 | 0 |
| $25M to $100M | 2 | 0 |
| $500M and over | 1 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| Massachusetts | 1 | 0 |
| Missouri | 1 | 0 |
| Pennsylvania | 1 | 0 |
| Utah | 1 | 0 |
| Virginia | 1 | 0 |
| Washington | 1 | 0 |
Loses most often to
No adviser moved a fund from this provider in the last three years.
Wins most often from
- MILLENNIUM TRUST COMPANY5 decisions, 23 funds
- TD BANK1 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 custodian opportunity list
- First named
- Mar 22, 2024
- Latest filing
- Aug 28, 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.