This provider
The service provider's name, 488 additional funds served, 88 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
Innovative Private Wealth Management Inc. moved 2 funds to this provider as auditor, from GRASSI & CO..
A new client relationship, first shown on this filing.
- Won1 fund
Reign Ventures Management, LLC moved a fund to this provider as auditor, from WithumSmith+Brown.
A new client relationship, first shown on this filing.
- 6 / 8decisions won / lost
In the last 12 months advisers moved 36 funds to this provider (6 decisions) and 18 away (8 decisions).
One adviser moving many vehicles on one filing is counted as one decision.
DerivedForm ADV and Form D filings, consecutive filings compared - Won27 funds
Adit Ventures Management, LLC moved 27 funds to this provider as auditor, from CohnReznick.
A new client relationship, first shown on this filing.
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 |
|---|---|---|---|---|---|
| Troy Capital Partners Exploration Fund 2024, LP | Quid Capital Group Holdings, LLC | Auditor | 2024 | $2.9B | Form ADV Mar 31, 2026 reports.adviserinfo.sec.gov |
| 1789 Capital Fund I LP | 1789 Capital Management | Auditor | 2023 | $890M | Form ADV Aug 11, 2026 reports.adviserinfo.sec.gov |
| 14w Venture Partners L.P. | 14w Ventures GP LLC | Auditor | unknown | $477M | Form ADV Apr 1, 2026 reports.adviserinfo.sec.gov |
- Quid Capital Group Holdings, LLC7 funds, $3.5B reported gross assets
- 1789 Capital Management26 funds, $2.3B reported gross assets
- Compound Advisors, LLC5 funds, $702M reported gross assets
- Apr 1, 2026Won Auditor: this provider replaced GRASSI & CO. at Infra a Segregated Portfolio of Innovative Development Funds Spc Ltd and 1 more of the same manager’s funds · Innovative Private Wealth Management Inc.Form ADV, previous Mar 19, 2026 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Auditor: this provider replaced WithumSmith+Brown at Reign Ventures, L.P. · Reign Ventures Management, LLCForm ADV, previous Mar 27, 2025 reports.adviserinfo.sec.gov
- Mar 31, 2026Won Auditor: this provider replaced CohnReznick at Vista Holdings Spv Qp, LP and 26 more of the same manager’s funds · Adit Ventures Management, LLCForm ADV, previous May 14, 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 auditor on 491 venture funds, 2.5% of the venture funds with an auditor on record. Won 33 and lost 19 adviser decisions from 2024 to 2026: a net gain of 14.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Institutional venture firm | 150 | 57 |
| Multi-stage venture firm | 89 | 15 |
| Not classified | 59 | 17 |
| Micro VC | 53 | 32 |
| Private equity with venture activity | 45 | 8 |
| Growth investor | 29 | 3 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 299 | 103 |
| $25M to $100M | 141 | 88 |
| $100M to $500M | 48 | 33 |
| $500M and over | 3 | 3 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 102 | 37 |
| New York | 66 | 15 |
| Texas | 62 | 15 |
| Florida | 30 | 5 |
| Tennessee | 18 | 3 |
| Illinois | 11 | 5 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 6 (36) | 8 (18) | none |
| 2025 | 16 (36) | 6 (13) | none |
| 2024 | 11 (20) | 5 (9) | none |
| 2023 | 8 (15) | 6 (12) | none |
| 2022 | 2 (11) | 2 (4) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Institutional venture firm | 9 | 3 |
| Not classified | 6 | 6 |
| Multi-stage venture firm | 4 | 5 |
| Micro VC | 4 | 3 |
| Candidate | 3 | 0 |
| Angel fund or group | 1 | 1 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 8 | 7 |
| $25M to $100M | 13 | 8 |
| $100M to $500M | 11 | 5 |
| $500M and over | 1 | 0 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 7 | 5 |
| New York | 6 | 1 |
| Illinois | 3 | 0 |
| Tennessee | 1 | 1 |
| Arkansas | 1 | 0 |
| Colorado | 1 | 0 |
Loses most often to
- MNP LLP3 decisions, 4 funds
- CohnReznick2 decisions, 9 funds
- WHITLEY PENN, LLP2 decisions, 5 funds
Wins most often from
- Frank, Rimerman + Co.7 decisions, 20 funds
- KPMG3 decisions, 6 funds
- WithumSmith+Brown3 decisions, 5 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 auditor opportunity list
- First named
- Apr 1, 2013
- Latest filing
- Aug 27, 2026
- PCAOB firm id
- 410
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 auditor to or away from this provider in the last 12 months?
A provider can be followed from its named record.