This provider
The service provider's name, 180 additional funds served, 92 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
- Lost1 fund
Lewis & Clark Partners, LLC moved a fund from this provider to BANC OF CALIFORNIA as custodian.
A client that left; the filing names who replaced this provider.
- Lost7 funds
BIP Capital Management Services, LLC moved 7 funds from this provider to BANC OF CALIFORNIA as custodian.
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 8 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 |
|---|---|---|---|---|---|
| NSV Investments I, L.P. | NSV Management LLC | Custodian | 2019 | $281M | Form ADV Aug 17, 2026 reports.adviserinfo.sec.gov |
| NSV Investments II, L.P. | NSV Management LLC | Custodian | 2019 | $124M | Form ADV Aug 17, 2026 reports.adviserinfo.sec.gov |
| Access Venture Partners III, LP | Access Venture Partners | Custodian | unknown | $62.9M | Form ADV Mar 31, 2025 reports.adviserinfo.sec.gov |
- NSV Management LLC133 funds, $675M reported gross assets
- Access Venture Partners3 funds, $116M reported gross assets
- Salt Fund Management LLC2 funds, $40.7M reported gross assets
- Mar 27, 2026Lost Custodian: BANC OF CALIFORNIA replaced Wells Fargo, this provider at Lewis & Clark Plant Sciences Fund I, LP · Lewis & Clark Partners, LLCForm ADV, previous Mar 28, 2025 reports.adviserinfo.sec.gov
- Mar 25, 2026Lost Custodian: BANC OF CALIFORNIA replaced INSPIRA FINANCIAL, this provider at BIP Capital Growth Fund III, Qp-Lp and 6 more of the same manager’s funds · BIP Capital Management Services, LLCForm ADV, previous Mar 28, 2025 reports.adviserinfo.sec.gov
- Mar 10, 2026Succession Custodian: BANC OF CALIFORNIA replaced this provider at ONE Way Syndicate 2019, LLC and 1 more of the same manager’s funds · ONE Way Ventures Management Pbc, Inc.Form ADV, previous Feb 11, 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 custodian on 183 venture funds, 0.4% of the venture funds with a custodian on record. Won 5 and lost 18 adviser decisions from 2024 to 2026: a net loss of 13.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 133 | 1 |
| Institutional venture firm | 22 | 8 |
| Micro VC | 11 | 6 |
| Not classified | 8 | 4 |
| Private equity with venture activity | 3 | 1 |
| Seed fund manager | 3 | 3 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 172 | 25 |
| $25M to $100M | 7 | 3 |
| $100M to $500M | 3 | 2 |
| $500M and over | 1 | 1 |
By manager state
| Funds | Managers | |
|---|---|---|
| Connecticut | 137 | 3 |
| New York | 7 | 2 |
| Virginia | 7 | 3 |
| California | 4 | 4 |
| Colorado | 3 | 1 |
| Georgia | 3 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 2 (8) | 0 in, 1 out |
| 2025 | 2 (2) | 5 (12) | 0 in, 17 out |
| 2024 | 3 (13) | 11 (14) | 1 in, 12 out |
| 2023 | 3 (11) | 3 (9) | 1 in, 0 out |
| 2022 | 1 (1) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 2 | 5 |
| Multi-stage venture firm | 2 | 3 |
| Private equity with venture activity | 1 | 4 |
| Not classified | 0 | 3 |
| Seed fund manager | 0 | 2 |
| Growth investor | 0 | 1 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 1 | 2 |
| $25M to $100M | 3 | 10 |
| $100M to $500M | 1 | 6 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 2 | 4 |
| Georgia | 1 | 5 |
| New York | 0 | 3 |
| Virginia | 2 | 0 |
| Massachusetts | 0 | 1 |
| Missouri | 0 | 1 |
Loses most often to
- BANC OF CALIFORNIA12 decisions, 26 funds
- name-firstsouthernnationalbank4 decisions, 4 funds
- JPMorgan3 decisions, 3 funds
Wins most often from
- BANC OF CALIFORNIA2 decisions, 2 funds
- EAST WEST BANK2 decisions, 2 funds
- Western Alliance / Bridge Bank1 decision, 10 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. By acquisition (a succession, never counted as won or lost): 2 in (8 funds), 30 out (116 funds).
The managers to call are listed by name for a reader with the venture graph. See the custodian opportunity list
- First named
- Apr 4, 2019
- Latest filing
- Aug 17, 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.