Ark Pioneers Innovative Solutions to Meet the
Needs of Private Capital Managers and Fund Administrators
BOSTON, April 16,
2024 /PRNewswire/ -- Ark is excited to announce
the introduction of its latest breakthrough in fund management
technology: a comprehensive fund accounting solution designed to
revolutionize the way private funds operate. Moving beyond the
traditional constraints of general ledger systems, Ark's new
platform is engineered to address the intricate demands of
partnership accounting, providing a seamless, integrated approach
to managing private fund operations and investor relations with
unparalleled precision and ease.
While off-the-shelf ledgers remain in wide use today because
they can handle the basics, their inability to cater to the nuanced
requirements of fund managers has led to reliance on cumbersome
spreadsheets and manual reconciliations. Ark's new fund accounting
capabilities transcend these limitations, combining ease of use
with sophisticated automation, enabling fund operations teams to
achieve the next level of efficiency.
Clients favor Ark's flexibility to easily handle data from third
party platforms and fit seamlessly into their existing technology
stack. While Ark will continue to support integrations with
third-party ledger technology, the introduction of arkGL
represents a significant milestone. Funds currently on other ledger
solutions now have a new alternative available, and one built
specifically to meet their unique accounting and investor reporting
requirements.
"With no implementation fees, fast and configurable setup, and
multi-manager engagement on a single screen, we are the most
dynamic and scalable operating platform for venture capital and
private equity managers," said Bill
Ward, CEO of Ark. "We distill best practices from top fund
services firms and GPs into a nimble and thoughtfully designed
product." Ark's commitment to innovation and excellence in fund
management is demonstrated through their pioneering fund accounting
solution, further elevating the operational capabilities of private
fund managers to new heights.
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
https://www.arkpes.com/fund-accounting/.
Contact: Chris Gale,
Chris@GaleStrategies.com
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SOURCE Ark PES