This provider
The service provider's name, 1 additional fund served
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- Lost1 fund
13capital LLC moved a fund from this provider to BRAIN as administrator.
A client that left; the filing names who replaced this provider.
- 0 / 2decisions won / lost
In the last 12 months advisers moved 0 funds to this provider (0 decisions) and 21 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
- Lost20 funds
Usca Asset Management LLC moved 20 funds from this provider to BRAIN as administrator.
A client that left; the filing names who replaced this provider.
Funds served
About this sectionA 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 |
|---|---|---|---|---|---|
| Usca Orthogon Segregated Portfolio | Usca Asset Management LLC | Administrator | 2022 | $1.5M | Form ADV Apr 24, 2026 reports.adviserinfo.sec.gov |
| Usca Escondido Fund II Segregated Portfolio | Usca Asset Management LLC | Administrator | 2023 | $970,871 | Form ADV Apr 24, 2026 reports.adviserinfo.sec.gov |
| Heila Co-Investment Venture Fund I Segregated Portfolio | Brainvest Wealth Management LLC | Administrator | 2023 | not reported | Form ADV Dec 18, 2023 sec.gov |
Managers served
- Usca Asset Management LLC2 funds, $2.5M reported gross assets
- Brainvest Wealth Management LLC2 funds
Change history
- Mar 30, 2026Lost Administrator: BRAIN replaced this provider at Usca Futurum Co-Investment Opportunities Fund Segregated Portfolio and 19 more of the same manager’s funds · Usca Asset Management LLCForm ADV, previous Mar 27, 2025 reports.adviserinfo.sec.gov
- Mar 10, 2026Lost Administrator: BRAIN replaced this provider at 13c Energy Transition Fund I · 13capital LLCForm ADV, previous Mar 28, 2025 reports.adviserinfo.sec.gov
Competitive position
About this sectionA 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 4 venture funds, 0.0% of the venture funds with an administrator on record. Won 0 and lost 2 adviser decisions from 2024 to 2026: a net loss of 2.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Not a venture organization | 2 | 1 |
| Multi-stage venture firm | 2 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 4 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| Florida | 2 | 1 |
| Texas | 2 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 2 (21) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Micro VC | 0 | 1 |
| Multi-stage venture firm | 0 | 1 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 0 | 1 |
| $25M to $100M | 0 | 1 |
Manager state
| Won | Lost | |
|---|---|---|
| Texas | 0 | 2 |
Loses most often to
- BRAIN2 decisions, 21 funds
Wins most often from
No adviser moved a fund to this provider in the last three years.
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.
Who to call
The managers to call are listed by name for a reader with the venture graph. See the administrator opportunity list
Filing evidence
- First named
- Mar 28, 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 and follow
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.