SAN FRANCISCO, CALIFORNIA, MARCH 7, 2023, Kranz Consulting, an Addison Group Company, has named Vidhi Kanoongo, its newest Practice Lead of Venture Capital Fund Administration, effective Monday, February 13, 2023. In her new role, Vidhi will be responsible for overseeing the day-to-day operations of the Venture Capital Fund Administration Practice at Kranz Consulting. She will work closely with clients to ensure their needs are being met and will be instrumental in developing new strategies to enhance the firm’s offerings.
Kranz Consulting, a full service finance and accounting firm, has successfully served over 1,000 start-ups and their Venture Capital investors, earning itself a reputation for turning entrepreneurial innovation into superior valuations. Kranz offers various strategic accounting and finance services with full back-office support to venture capital firms, crypto funds, and special purpose vehicle entities to help companies scale, expand, and evolve.
Vidhi brings her extensive knowledge of the valuation of privately-held investments, and a proven track record of excellence in client service and successful team development into her new role. Vidhi specializes in the accounting and audit needs of private equity funds, venture capital funds, fund of funds, and business development companies. She has served clients focusing on different investment strategies – equity, debt, crypto and fund of funds.
Prior to Kranz, Vidhi was an audit senior manager at Deloitte & Touche responsible for the planning and execution of audits for multiple asset management clients. She led the successful integration of Deloitte’s Asset Management practice based in India.
As part of this transition, the former Venture Capital Fund Administration Practice Lead, Tom Muscarella, will be stepping down from his role and reducing his hours. However, he will continue to stay with the company leading various Venture Capital client engagements, and contributing on special projects and strategic initiatives.
“We want to thank Tom for his 4+ years of service as the Venture Capital Fund Administration Practice Lead,” said Daryl Dobrenz, CEO of Kranz Consulting. “His contributions have been invaluable, and we are excited to have him continue to work with us moving forward.”
Vidhi Kanoongo, spoke of her promotion:
“I have always strived to provide exceptional client service and build a strong team. I joined Kranz over four years ago with the desire to continue on this journey that I began in Big 4 public accounting. I am honored to be named the Practice Leader for our Venture Capital Fund Administration team and thank our firm’s leadership team for giving me this opportunity and trusting me to succeed. Having worked in this industry for many years, I am excited to bring my expertise to lead our talented team. I look forward to working side-by-side with our clients to enhance our offerings and to develop new strategies that help them overcome challenges, remove barriers, look toward the future, and sustain success.”
Kranz naming a new Practice Lead highlights its commitment of additional resources towards the expansion of its Venture Capital partnerships, as well as its intention to remain the trusted third-party experts for the best solutions to complex challenges.
Quote from John Dollard, Senior Vice President:
“We are thrilled that Vidhi has been promoted to lead our Venture Capital Fund Administration practice. With her deep industry expertise and proven track record of success, we are confident that she will take our practice to new heights. Vidhi’s commitment to excellence and ability to cultivate strong client relationships makes her a perfect fit for this role.”
Quote from Daryl Dobrenz, Chief Executive Officer:
“Vidhi is a consummate professional with exceptional accounting, analytical, and leadership skills, and she has been a tremendous asset to Kranz during her over 4 year tenure with us. Vidhi has been focusing on managing and performing accounting functions and investor reporting for multiple venture capital funds, general partner entities, and management companies. In her role as Practice Lead, Venture Capital Fund Administration, Vidhi will have an even greater opportunity to expand the Practice and help our Kranz clients scale, thrive, and grow.”
About Kranz Consulting
For over 25 years, Kranz Consulting, an Addison Group Company, has advised and supported entrepreneurs and founders through the complexities of building high-growth businesses. With 300+ career consultants, we specialize in fractional outsourced accounting, CFO Advisory and strategic finance, technical accounting, NetSuite consulting, venture fund administration, and stock administration.