BOSTON, April 25, 2024 – Ark, a leading provider of technology solutions tailored for the private capital markets, recently embarked on an agreement with Kranz Consulting to provide their software platform in support of the company’s venture capital fund administration service.
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.
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.
“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,” said Daryl Dobrenz, CEO at Kranz. “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 administration space.”
“We are excited to partner with Daryl and the entire Kranz team,” said Bill Ward, CEO of Ark. “This partnership is a testament to our commitment to innovation and our dedication to achieving measurable impact for our clients.”
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 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.
