The 2026 Guide to Fund Migrations
A comprehensive framework to help you evaluate whether migration makes sense for your fund and what to expect from a professional transition process.
Dec 17, 2025 — 3 min read
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When it comes to fund administration, many venture capital firms assume that switching providers is too disruptive to consider. However, staying with an underperforming administrator has its own costs that compound over time.
What earns LP confidence and operational leverage is responsive service, audit-ready infrastructure, and a fund operations partner that scales with your firm. As institutional LP expectations continue to rise, even well-established fund managers face evolving operational demands that their current administrator may not be equipped to handle.
Each time AngelList talks to venture capital firms about a migration, we hear the same set of questions:
- How do I know if migration is worth it?
- What does a seamless migration actually look like?
- How do I avoid mistakes that could impact LP relationships?
Most fund managers tolerate inadequate service quality far longer than they should. By the time operational issues start affecting LP confidence or fundraising timelines, they're already behind. To get ahead, we set out to create a structured framework that helps fund operators make informed migration decisions with confidence.
The 2026 Guide to Fund Migrations: How Venture Firms Decide to Migrate Admins and What to Expect is a new resource that consolidates best practices from successful fund migrations and features insights from the people who know this process best, including experienced fund CFOs and administration operators.
Evaluating the Decision Systematically
This guide comes at a time when the bar for fund operations is getting higher. Institutional LPs are consolidating their capital and seeking long-term partnerships with fund managers who demonstrate operational excellence consistently, not just during fundraising periods.
In today's operating environment, fund managers can't afford to ignore service quality issues. They need to systematically evaluate whether current problems justify migration, understand exactly what a professional migration process entails, and ensure their next administrator can actually handle increasing complexity. From service quality indicators and migration timelines to administrator evaluation checklists and seamless transition standards, this guide helps demystify the migration decision and execution process.
