Ark Selected by Kranz to Enhance Fund Operations and Investor Reporting
Boston, MA – May 7, 2024 – Ark Private Equity Solutions (“Ark”), a leading provider of technology solutions tailored for the private capital markets, recently embarked on an agreement with Kranz Consulting (“Kranz”) to provide their software platform in support of the company’s venture capital fund administration service.
Under the agreement, Ark will integrate its fund operations and investor reporting solutions with Kranz’s service offerings. This integration promises to deliver state-of-the-art operational workflows, comprehensive investor reporting capabilities, and swift handling of calls and distributions to limited partners.
The partnership ensures streamlined administration, enhanced risk mitigation, and improved overall operational efficiency, enabling Kranz to further elevate the impactful services to their clients.
Kranz VC Fund Administration Practice Receives Industry Recognition, Sets the Stage for Future Growth and Success with Ark Solutions
Kranz is a leader in venture capital fund administration renowned for its commitment to excellence and dedicated service to startups and emerging growth companies. Kranz has recently been recognized with the Private Equity Wire’s 2023 US Emerging Manager Awards for the “Best Administrator – Venture” category.
This award underscores Kranz’s leadership role in the industry and its continuous effort to drive innovation through strategic partnerships.
Quote from Daryl Dobrenz, CEO at Kranz Consulting
“Combining deep industry expertise and exceptional client service with Ark’s robust, purpose-built technology brings together a best-in-class offering for our clients. Leveraging Ark’s proven technology platform and investor performance reporting capabilities, Kranz is positioned to continue forward as a pioneering force in the venture capital fund administration space.”
Daryl Dobrenz, CEO at Kranz Consulting
Quote from Bill Ward, CEO at Ark
“We are excited to partner with Daryl and the entire Kranz team. This partnership is a testament to our commitment to innovation and our dedication to achieving measurable impact for our clients.”
Bill Ward, CEO at Ark
This partnership is set to transform the landscape of venture capital fund administration, offering a seamless, integrated approach that empowers Kranz to deliver exceptional value and service to its clients.
About Ark
Ark is a leading cloud-based platform designed to optimize fund operations and automate investor reporting. Trusted by premier fund administrators and GP fund managers across the private capital markets, Ark currently supports over $125 billion in capital commitments, 70,000 end users, and 400 fund managers with SOC 2 Type II certification. Founded in Boston in 2017, our team leverages extensive experience in fund operations and financial technology to serve clients nationwide. For more information visit www.arkpes.com.
About Kranz Consulting, an Addison Group Company
Since 2000, Kranz’s Venture Capital Fund Administration practice has offered superior consulting and full back-office support to venture capital firms, crypto funds, and special purpose vehicle entities (SPVs). With 300+ career consultants nationwide, Kranz Consulting specializes in outsourced accounting, crypto accounting and digital assets, technical accounting, CFO advisory and strategic finance, NetSuite consulting, venture fund administration, stock administration, and transaction advisory services.