This provider
The service provider's name, 14 additional funds served
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 365 days.
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 |
|---|---|---|---|---|---|
| Blackhorn Ventures Industrial Impact Fund II, LP | Blackhorn Ventures Management II, LLC | Custodian | 2022 | $104M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| Blackhorn Ventures Industrial Impact Fund, LP | Blackhorn Ventures Management, LLC | Custodian | unknown | $79.2M | Form ADV Aug 7, 2026 reports.adviserinfo.sec.gov |
| Montezuma Fund IV LP | Pathstone | Administrator | 2018 | $70.9M | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
- Pathstone8 funds, $459M reported gross assets
- Blackhorn Ventures Management II, LLC4 funds, $122M reported gross assets
- Blackhorn Ventures Management, LLC3 funds, $113M reported gross assets
- Mar 31, 2025Won Custodian: this provider replaced First Republic Bank at Blackhorn Select, LP and 2 more of the same manager’s funds · Blackhorn Ventures Management, LLCForm ADV, previous Mar 28, 2024 reports.adviserinfo.sec.gov
- Mar 27, 2024Won Administrator: this provider replaced ALPS ALTERNATIVE INVESTMENT SERVICES at Montezuma Fund LP and 5 more of the same manager’s funds · PathstoneForm ADV, previous Jan 23, 2024 sec.gov
- Apr 25, 2023Won Administrator: this provider replaced ALPS ALTERNATIVE INVESTMENT SERVICES at Montezuma Fund VII, LP · PathstoneForm ADV, previous Mar 21, 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 9 venture funds, 0.0% of the venture funds with an administrator on record. Won 2 and lost 0 adviser decisions from 2024 to 2026: a net gain of 2.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Not classified | 9 | 2 |
| Multi-stage venture firm | 7 | 2 |
| Micro VC | 1 | 1 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 5 | 3 |
| $25M to $100M | 10 | 2 |
| $100M to $500M | 2 | 2 |
By manager state
| Funds | Managers | |
|---|---|---|
| Colorado | 7 | 2 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2025 | 1 (3) | 0 (0) | none |
| 2024 | 1 (6) | 0 (0) | none |
| 2023 | 1 (1) | 0 (0) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Multi-stage venture firm | 1 | 0 |
| Not classified | 1 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| $25M to $100M | 2 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| Colorado | 1 | 0 |
Loses most often to
No adviser moved a fund from this provider in the last three years.
Wins most often from
- ALPS ALTERNATIVE INVESTMENT SERVICES1 decision, 6 funds
- First Republic Bank1 decision, 3 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 30, 2016
- Latest filing
- Aug 7, 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.