This provider
The service provider's name, 10 additional funds served, 2 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
- Won2 funds
Transformation Capital moved 2 funds to this provider as administrator, from LEVERPOINT MANAGEMENT, LLC.
A new client relationship, first shown on this filing.
- 1 / 0decisions won / lost
In the last 12 months advisers moved 2 funds to this provider (1 decision) and 0 away (0 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 |
|---|---|---|---|---|---|
| Transformation Capital Fund II, L.P. | Transformation Capital | Administrator | 2019 | $847M | Form ADV Mar 20, 2026 reports.adviserinfo.sec.gov |
| Transformation Capital Fund III, L.P. | Transformation Capital | Administrator | 2022 | $543M | Form ADV Mar 20, 2026 reports.adviserinfo.sec.gov |
| Transformation Fund I L.P. | Transformation Capital | Administrator | unknown | $342M | Form ADV Mar 20, 2026 reports.adviserinfo.sec.gov |
- Transformation Capital10 funds, $2.3B reported gross assets
- Borealis Ventures3 funds, $63.5M reported gross assets
- Oct 28, 2025Won Administrator: this provider replaced LEVERPOINT MANAGEMENT, LLC at Transformation Capital Fund II, L.P. and 1 more of the same manager’s funds · Transformation CapitalForm ADV, previous Feb 24, 2025 reports.adviserinfo.sec.gov
- Mar 29, 2024Rename Administrator: name-ultimusleverpointprivatefundsolutions replaced this provider at Razor's Edge Fund II, LP and 1 more of the same manager’s funds · Razor's Edge Ventures II, LLCForm ADV, previous Mar 31, 2023 sec.gov
- Mar 27, 2024Lost Administrator: Carta replaced this provider at The Social Entrepreneurs' Fund III LP · Maycomb Ventures, LLCForm ADV, previous Mar 11, 2023 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 13 venture funds, 0.0% of the venture funds with an administrator on record. Won 1 and lost 1 adviser decisions from 2024 to 2026: even.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Multi-stage venture firm | 10 | 1 |
| Institutional venture firm | 3 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 5 | 2 |
| $25M to $100M | 1 | 1 |
| $100M to $500M | 4 | 1 |
| $500M and over | 3 | 1 |
By manager state
| Funds | Managers | |
|---|---|---|
| Massachusetts | 10 | 1 |
| New Hampshire | 3 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2025 | 1 (2) | 0 (0) | none |
| 2024 | 0 (0) | 1 (1) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Micro VC | 0 | 1 |
| Multi-stage venture firm | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| $25M to $100M | 0 | 1 |
| $500M and over | 1 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| Massachusetts | 1 | 0 |
| New York | 0 | 1 |
Loses most often to
- Carta1 decision, 1 fund
Wins most often from
- LEVERPOINT MANAGEMENT, LLC1 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
- Mar 31, 2021
- Latest filing
- Mar 30, 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.