ADURO ADVISORS, LLC
2,560 additional funds served, 119 provider changes
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- Lost3 funds
DTX Vc LLC moved 3 funds from ADURO ADVISORS, LLC to Carta as administrator.
A client that left; the filing names who replaced this provider.
- Won2 funds
Deepwater Asset Management, LLC moved 2 funds to ADURO ADVISORS, LLC as administrator, from MG STOVER & CO..
A new client relationship, first shown on this filing.
- 9 / 16decisions won / lost
In the last 12 months advisers moved 44 funds to ADURO ADVISORS, LLC (9 decisions) and 76 away (16 decisions).
One adviser moving many vehicles on one filing is counted as one decision.
DerivedForm ADV and Form D filings, consecutive filings compared - Won10 funds
R7 Partners moved 10 funds to ADURO ADVISORS, LLC as administrator, from ELEMENT 78 PARTNERS, LLC.
A new client relationship, first shown on this filing.
Funds served
About this sectionA 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 |
|---|---|---|---|---|---|
| Openai Startup Fund I, L.P. | Openai Startup Fund Management, LLC | Administrator | unknown | $3.8B | Form ADV Mar 13, 2026 reports.adviserinfo.sec.gov |
| GGV Capital V L.P. | GGV Capital LLC | Administrator | 2014 | $2.2B | Form ADV Mar 30, 2026 reports.adviserinfo.sec.gov |
| A Capital Partners II, LP | A.capital Ventures | Administrator | unknown | $1.8B | Form ADV Mar 24, 2026 reports.adviserinfo.sec.gov |
Managers served
- GGV Capital LLC22 funds, $7.2B reported gross assets
- Future Ventures15 funds, $6.5B reported gross assets
- Craft Ventures Management LP71 funds, $6.2B reported gross assets
Change history
About this sectionA switch is a fund whose provider in a role on one filing shares no provider with the previous filing. When the new firm acquired the old one, or the same firm filed under a new name, the row says so and it is not counted as won or lost. The change happened between the two filing dates printed.
- Oct 26, 2026Lost Administrator: Carta replaced ADURO ADVISORS, LLC at DTX VC Fund I, L.P. and 2 more of the same manager’s funds · DTX Vc LLCForm ADV, previous Feb 18, 2026 reports.adviserinfo.sec.gov
- Sep 23, 2026Won Administrator: ADURO ADVISORS, LLC replaced ELEMENT 78 PARTNERS, LLC at R7 Partners Levitas, LLC and 9 more of the same manager’s funds · R7 PartnersForm ADV, previous Sep 23, 2026 reports.adviserinfo.sec.gov
- Aug 12, 2026Won Administrator: ADURO ADVISORS, LLC replaced MG STOVER & CO. 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
Competitive position
About this sectionA 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 2,563 venture funds, 5.4% of the venture funds with an administrator on record. Won 40 and lost 33 adviser decisions from 2024 to 2026: a net gain of 7.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 1,009 | 202 |
| Multi-stage venture firm | 999 | 80 |
| Micro VC | 171 | 83 |
| Seed fund manager | 151 | 29 |
| Corporate venture | 87 | 9 |
| Not classified | 42 | 4 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 1,494 | 301 |
| $25M to $100M | 618 | 305 |
| $100M to $500M | 404 | 179 |
| $500M and over | 47 | 25 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 934 | 148 |
| New York | 316 | 46 |
| Texas | 99 | 23 |
| Colorado | 68 | 5 |
| Florida | 65 | 10 |
| Massachusetts | 59 | 20 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 9 (44) | 16 (76) | 2 in, 0 out |
| 2025 | 13 (101) | 9 (39) | 4 in, 0 out |
| 2024 | 18 (63) | 8 (33) | 18 in, 0 out |
| 2023 | 9 (40) | 15 (134) | 60 in, 0 out |
| 2022 | 1 (2) | 19 (52) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 21 | 15 |
| Multi-stage venture firm | 7 | 6 |
| Seed fund manager | 3 | 5 |
| Micro VC | 2 | 5 |
| Not classified | 2 | 1 |
| Corporate venture | 2 | 0 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 6 | 5 |
| $25M to $100M | 17 | 12 |
| $100M to $500M | 16 | 16 |
| $500M and over | 1 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 11 | 14 |
| New York | 6 | 5 |
| Massachusetts | 2 | 2 |
| Maryland | 3 | 0 |
| Texas | 0 | 2 |
| Utah | 2 | 0 |
Loses most often to
- Carta9 decisions, 19 funds
- Juniper Square3 decisions, 29 funds
- VECTOR AIS, LLC3 decisions, 7 funds
Wins most often from
- Carta21 decisions, 66 funds
- SS&C2 decisions, 3 funds
- Juniper Square2 decisions, 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. By acquisition (a succession, never counted as won or lost): 84 in (370 funds), 0 out (0 funds).
Who to call
The managers to call are listed by name for a reader with the venture graph. See the administrator opportunity list
Filing evidence
- First named
- Mar 20, 2013
- Latest filing
- Oct 30, 2026
- Names as filed
- ADURO ADVISORS; ADURO ADVISORS LLC; ADURO ADVISORS, LLC; ADURO ADVISORS, LLC.; ADURO ADVISORS,LLC; ADURO ADVISORS.
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 and follow
Following hears every adviser decision that moves a venture fund to or away from ADURO ADVISORS, LLC, one item per decision, on your venture intelligence and in the weekly digest. Add fund activity at the funds it serves under Alerts.