This provider
The service provider's name, 27 additional funds served, 34 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
- Lost2 funds
Deepwater Asset Management, LLC moved 2 funds from this provider to ADURO ADVISORS, LLC as administrator.
A client that left; the filing names who replaced this provider.
- Lost3 funds
Anagram Asset Management, LLC moved 3 funds from this provider to SECURITIZE FUND SERVICES, LLC as administrator.
A client that left; the filing names who replaced this provider.
- 0 / 14decisions won / lost
In the last 12 months advisers moved 0 funds to this provider (0 decisions) and 55 away (14 decisions).
One adviser moving many vehicles on one filing is counted as one decision.
DerivedForm ADV and Form D filings, consecutive filings compared - Lost11 funds
CMT Asset Management LLC moved 11 funds from this provider to SECURITIZE FUND SERVICES, LLC 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 |
|---|---|---|---|---|---|
| Cleveland Avenue Food and Beverage Fund II, LP | Cleveland Avenue Advisers, LLC | Administrator | unknown | $321M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| CA Tech Fund I, LP | Cleveland Avenue Advisers, LLC | Administrator | unknown | $126M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Ethereal Ventures Fund I L.P. | Ethereal Ventures Management Ltd. | Administrator | unknown | $92.3M | Form ADV Mar 23, 2026 reports.adviserinfo.sec.gov |
- Cleveland Avenue Advisers, LLC5 funds, $559M reported gross assets
- Ethereal Ventures Management Ltd.2 funds, $92.3M reported gross assets
- CMT Asset Management LLC2 funds, $2.1M reported gross assets
- Aug 12, 2026Lost Administrator: ADURO ADVISORS, LLC replaced this provider at Deepwater Spv II LP and 1 more of the same manager’s funds · Deepwater Asset Management, LLCForm ADV, previous Mar 20, 2026 reports.adviserinfo.sec.gov
- Apr 1, 2026Lost Administrator: SECURITIZE FUND SERVICES, LLC replaced this provider at Galileo Fund I, LP and 2 more of the same manager’s funds · Anagram Asset Management, LLCForm ADV, previous May 30, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Lost Administrator: SECURITIZE FUND SERVICES, LLC replaced this provider at CMT Digital Investments I LLC - Series 12 and 10 more of the same manager’s funds · CMT Asset Management LLCForm ADV, previous Oct 16, 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 30 venture funds, 0.1% of the venture funds with an administrator on record. Won 1 and lost 23 adviser decisions from 2024 to 2026: a net loss of 22.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 14 | 5 |
| Candidate | 8 | 4 |
| Growth investor | 3 | 1 |
| Institutional venture firm | 3 | 2 |
| Not classified | 2 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 19 | 10 |
| $25M to $100M | 8 | 6 |
| $100M to $500M | 3 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| Colorado | 9 | 4 |
| Illinois | 7 | 2 |
| New York | 6 | 2 |
| California | 2 | 1 |
| Minnesota | 1 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 14 (55) | none |
| 2025 | 0 (0) | 6 (10) | none |
| 2024 | 1 (2) | 3 (7) | none |
| 2023 | 2 (4) | 3 (5) | none |
| 2022 | 0 (0) | 2 (2) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 0 | 6 |
| Private equity with venture activity | 0 | 4 |
| Corporate venture | 1 | 2 |
| Multi-stage venture firm | 0 | 3 |
| Not classified | 0 | 3 |
| Micro VC | 0 | 2 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 0 | 3 |
| $25M to $100M | 0 | 7 |
| $100M to $500M | 1 | 11 |
| $500M and over | 0 | 2 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 1 | 5 |
| New York | 0 | 3 |
| Colorado | 0 | 2 |
| Florida | 0 | 2 |
| Iowa | 0 | 1 |
| Illinois | 0 | 1 |
Loses most often to
- SECURITIZE FUND SERVICES, LLC11 decisions, 45 funds
- NAV CONSULTING, INC.4 decisions, 7 funds
- SECURITIZE, INC.1 decision, 7 funds
Wins most often from
- NAV CONSULTING, INC.1 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
- Aug 26, 2013
- Latest filing
- Mar 31, 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.