Private fund service providers

Top administrators

#	Firm	Private funds	Hedge	PE	VC	Real estate
1	Belltower Fund Group, LTD	18,665	0	233	18,428	0
2	SS&C	5,223	1,997	2,277	298	215
3	Citco	3,663	1,511	1,388	40	135
4	SEI	2,742	1,031	1,068	59	91
5	Gen II Fund Services	2,690	29	2,083	85	113
6	Carta	2,644	35	318	2,203	4
7	State Street	2,573	550	816	30	176
8	Apex Group	2,426	295	1,451	323	93
9	Standish Management	2,426	28	974	1,236	96
10	Aduro Advisors	1,961	0	100	1,825	1
11	U.S. Bank	1,717	445	199	12	11
12	NAV Consulting (NAV Fund Services)	1,517	636	414	179	73
13	Alter Domus	1,482	105	810	189	139
14	BNY	1,480	557	148	0	30
15	Northern Trust	1,297	619	264	13	51

All 588 administrators →

Top auditors

#	Firm	Private funds	Hedge	PE	VC	Real estate
1	PwC (PricewaterhouseCoopers)	13,342	3,276	5,563	1,420	866
2	EY (Ernst & Young)	12,163	3,384	5,862	733	1,110
3	Deloitte	9,553	1,821	4,745	692	977
4	KPMG	9,224	2,046	4,236	964	648
5	RSM	3,153	481	1,665	607	164
6	BDO	2,501	280	978	1,091	55
7	Frank, Rimerman + Co.	1,866	6	258	1,567	3
8	Grant Thornton	1,819	317	1,076	145	93
9	CohnReznick	1,429	220	581	112	273
10	EisnerAmper	1,323	351	700	155	33
11	Weaver	793	94	372	202	60
12	Plante Moran	648	13	349	132	94
13	Baker Tilly	617	122	212	92	89
14	Spicer Jeffries	596	295	107	76	24
15	Withum	544	109	173	208	31

All 247 auditors →

Top prime brokers

#	Firm	Private funds	Hedge	PE	VC	Real estate
1	Goldman Sachs	2,447	2,255	140	14	5
2	Morgan Stanley	2,397	1,917	179	232	1
3	J.P. Morgan	2,031	1,759	137	75	2
4	Bank of America / Merrill	1,204	823	120	222	3
5	UBS	690	634	25	25	0
6	Interactive Brokers	620	558	29	4	2
7	Barclays	508	484	22	0	0
8	Citi	504	466	26	2	3
9	Jefferies	407	349	32	7	0
10	BNP Paribas	396	366	18	0	0
11	Wells Fargo	396	318	53	12	9
12	Fidelity	365	336	12	4	3
13	BTIG	344	286	41	2	4
14	Pershing	332	266	14	5	1
15	Deutsche Bank	179	163	11	1	2

All 173 prime brokers →

Top custodians

#	Firm	Private funds	Hedge	PE	VC	Real estate
1	Belltower Fund Group, LTD	18,475	0	81	18,394	0
2	J.P. Morgan	12,794	2,270	6,621	2,073	1,091
3	Bank of America / Merrill	8,815	1,694	4,141	1,776	818
4	Silicon Valley Bank	7,239	141	2,889	3,820	123
5	First Republic Bank	6,684	629	3,134	2,021	448
6	BNY	5,631	2,692	1,258	128	140
7	Citi	4,013	829	1,823	203	410
8	State Street	3,647	1,242	899	11	40
9	Morgan Stanley	3,476	1,709	622	988	38
10	U.S. Bank	3,232	791	581	38	160
11	Northern Trust	3,080	1,492	821	112	100
12	Wells Fargo	2,868	762	1,145	182	512
13	Goldman Sachs	2,850	2,185	441	103	63
14	First Citizens Bank	2,553	29	1,057	1,328	81
15	Fidelity	1,380	448	520	102	71

All 842 custodians →

Top marketers and placement agents

#	Firm	Private funds	Hedge	PE	VC	Real estate
1	AL Advisors Management Inc	18,436	0	66	18,370	0
2	Goldman Sachs	1,102	118	268	9	20
3	EquityBee	700	0	697	3	0
4	J.P. Morgan	641	148	176	40	53
5	Morgan Stanley	520	183	156	6	48
6	UBS	486	131	182	13	27
7	Credit Suisse	294	22	211	1	5
8	Bank of America / Merrill	249	96	49	0	9
9	Evercore	240	17	180	0	26
10	Wellington Funds Distributors Inc.	188	88	28	0	0
11	Citi	182	25	25	1	7
12	Lazard	180	8	146	5	20
13	Jefferies	161	44	46	5	7
14	Raymond James	161	41	39	5	26
15	iCapital	161	14	27	0	6

All 775 marketers and placement agents →

From SEC filings, not verified. Counts are the number of private funds whose adviser names the firm in that role on Form ADV (Schedule D, Section 7.B.(1)), in the SEC's public Form ADV data through filings made by Dec 26, 2024. A fund can name several firms in the same role. Names are grouped automatically (spelling variants and, for the largest firms, their affiliated entities), which can be incomplete. Rankings count funds only; they do not reflect quality, assets served or fees, and are not a recommendation. Corrections: hello@altmountain.com.