We built the firm we wished existed when we ran funds ourselves.

In 2017 fund administration was treated as a volume business. Large funds got senior attention. Everyone else got a template, a junior associate and a spreadsheet.

A fund does not get simpler because it is smaller. A $30M Fund I still has capital accounts to keep, an audit to pass, a waterfall to model, LPs to answer and a tax authority with opinions. The work is the same work – only the number of zeroes changes.

So we built a firm that applies one standard to every fund – and then built the software that makes holding that standard economical at every size.

Automating the mechanical work – reconciliation, allocations, statements, LP reporting – is what makes senior attention affordable for a first-time manager and scalable for a platform running six vintages at once. That software became ORCA, a company in its own right, serving funds we do not administer.

Our clients run from debut vehicles to multi-fund platforms, across venture capital and private equity, in Israel, the United States and Europe. The service they receive is the same service. That was always the point.