This provider
The service provider's name, 509 additional funds served, 58 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
- Lost3 funds
Cerracap, LLC moved 3 funds from this provider to ZIVEAI INC as administrator.
A client that left; the filing names who replaced this provider.
- Won4 funds
Crcm L.P. moved 4 funds to this provider as administrator, from HC GLOBAL FUND SERVICES, LLC.
A new client relationship, first shown on this filing.
- Won2 funds
Readout Capital, LP moved 2 funds to this provider as administrator, from STONE COAST FUND SERVICES.
A new client relationship, first shown on this filing.
- 10 / 2decisions won / lost
In the last 12 months advisers moved 37 funds to this provider (10 decisions) and 4 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 |
|---|---|---|---|---|---|
| Silverarc Capital Alpha Fund II, L.P. | Silverarc Capital Management, LLC | Administrator | 2019 | $881M | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| Electric Capital Frontier Fund II, LP | Electric Capital Partners, LLC | Administrator | 2021 | $849M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Electric Capital Venture Fund II, LP | Electric Capital Partners, LLC | Administrator | 2022 | $336M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
- Electric Capital Partners, LLC18 funds, $1.7B reported gross assets
- Silverarc Capital Management, LLC3 funds, $935M reported gross assets
- Galaxy Digital Capital Management LP8 funds, $905M reported gross assets
- Apr 1, 2026Lost Administrator: ZIVEAI INC replaced this provider at Cerracap One LP and 2 more of the same manager’s funds · Cerracap, LLCForm ADV, previous Mar 27, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Administrator: this provider replaced HC GLOBAL FUND SERVICES, LLC 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 STONE COAST FUND SERVICES at ROC Holdings Spv II and 1 more of the same manager’s funds · Readout Capital, LPForm ADV, previous Dec 18, 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 512 venture funds, 1.1% of the venture funds with an administrator on record. Won 35 and lost 6 adviser decisions from 2024 to 2026: a net gain of 29.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 130 | 19 |
| Syndicate platform | 110 | 2 |
| Not classified | 70 | 9 |
| Private equity with venture activity | 61 | 14 |
| Multi-stage venture firm | 44 | 8 |
| Micro VC | 39 | 16 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 409 | 75 |
| $25M to $100M | 77 | 43 |
| $100M to $500M | 24 | 14 |
| $500M and over | 2 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| New York | 214 | 18 |
| Massachusetts | 66 | 3 |
| California | 55 | 13 |
| Texas | 21 | 6 |
| Utah | 12 | 2 |
| Nevada | 8 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 8 (14) | 2 (4) | none |
| 2025 | 14 (55) | 3 (17) | none |
| 2024 | 13 (145) | 1 (2) | none |
| 2023 | 5 (9) | 0 (0) | none |
| 2022 | 3 (16) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 6 | 3 |
| Private equity with venture activity | 7 | 1 |
| Corporate venture | 4 | 2 |
| Micro VC | 4 | 0 |
| Multi-stage venture firm | 4 | 0 |
| Candidate | 3 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 13 | 3 |
| $25M to $100M | 14 | 0 |
| $100M to $500M | 6 | 3 |
| $500M and over | 2 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 8 | 3 |
| New York | 9 | 1 |
| Texas | 2 | 2 |
| Georgia | 3 | 0 |
| Florida | 1 | 0 |
| Massachusetts | 1 | 0 |
Loses most often to
- FIGURE TECHNOLOGIES, INC.2 decisions, 2 funds
- HHM CPAS LLC1 decision, 13 funds
- ZIVEAI INC1 decision, 3 funds
Wins most often from
- Carta10 decisions, 29 funds
- MG STOVER & CO.4 decisions, 7 funds
- SS&C3 decisions, 28 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
- Feb 15, 2012
- Latest filing
- Aug 18, 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.