Arch Surpasses $100 Billion in Platform Assets, Expands Team and Product Capabilities to Meet Growing Demand
25 Julio 2024 - 8:07AM
Business Wire
Private investment admin platform experiences
strong momentum, adds key leadership role and product enhancements
to drive smarter financial decisions across private markets
investing
Arch, a digital admin platform modernizing private
investment operations and investor communications, today announced
it has passed more than $100 billion in private markets assets on
the platform. To keep up with the rapidly growing universe of
alternative investments, Arch has more than doubled its headcount,
adding a key new hire to lead sales and partnerships. In addition,
Arch added several product enhancements to support investors and
advisors in their quest for higher returns and the diversification
of private markets. These strategic moves emphasize Arch’s
commitment to building the digital infrastructure required for
seamless private markets investing, delivering on its plans for
expansion and product development following its recent $20
million Series A funding.
Arch currently serves thousands of families and institutions
across more than 270 clients, including single- and multi-family
offices, private investment firms, institutional allocators, banks
and wealth managers. Notably, Arch also works with four of the
world’s largest investment banks. Its client- and advisor-facing
platform automates the manual work traditionally associated with
investing in and managing alternative investments, providing a
superior digital client experience. By aggregating data and
documents, Arch offers unparalleled insights into a diverse array
of private investments.
“After six years of investing in our clients and product, the
demand we’re experiencing for Arch is exciting, with potential new
clients reaching out to us daily,” said Ryan Eisenman,
co-founder and CEO at Arch. “As the industry comes to
understand the role private markets can play in enhancing portfolio
outcomes, digital client experiences are needed to minimize the
work and complexity of alternative investments like private equity.
We built Arch to help our clients streamline operations and
efficiently manage private markets investments. Since then, we’ve
gone one step further, introducing new solutions to provide unique
data-driven insights that empower our clients and their advisors to
make smarter financial decisions.”
Following the recent launch of next-generation digital
tools, which includes artificial intelligence (AI) summaries,
financial visualization and EIN Tax Validation, Arch is bolstering
its product set with a focus on bringing institutional quality
tools and insights to family offices, investment advisors and bank
wealth management teams. Most recently, the team has introduced
Portfolio Look-throughs, a new feature that presents each fund’s
underlying portfolio in an aggregated view. Look-throughs enable
advisors and investors to demystify underlying holdings with simple
visualizations of their direct and indirect exposures to portfolio
companies. For example, clients can see how much Stripe or SpaceX
they hold, both directly and through funds. This enables easy
comparisons of company valuations across different managers, all in
one consolidated snapshot.
EPIQ Capital Group became a client after its founder and
CEO, Chad Boeding, used the software personally. According
to Boeding, “Working with complex families and institutional
clients who have robust private investment portfolios requires a
high-touch level of service with streamlined and sophisticated
reporting solutions. Arch understands this and has created a
product that drives efficiencies and simplifies our operations and
reporting, enabling us to focus on investing and advising our
clients."
As part of its continued growth and expansion, Arch has added a
fresh pool of talent to its team, which now numbers nearly 100
employees, including veteran sales leader Zach Smith as head
of sales. Smith is responsible for overseeing all new revenue,
partnerships and sales operations. Prior to Arch, Smith was a
global sales leader in cybersecurity at CrowdStrike, scaling
revenue for six years through the company’s initial public
offering. Smith also spent six years as a regional sales lead with
Check Point Software Technologies. With Smith on board, Arch can
further expand its reach and strengthen its market position as the
leading digital platform for modernizing private investment
management.
Further, Arch recently opened a new office at 225 Park Avenue
South, formerly The New York Times building. The new
40,000-square-foot headquarters will enable the company to continue
its team expansion, and will serve as a client center for more
client-led product development, a focus for the company.
“We have been incredibly impressed by Ryan and team's deep
understanding of their end customer," concluded Croom
Beatty, partner at Menlo Ventures, which led
Arch's Series A Round. "Several of our own LPs are customers of
Arch and consistently rave about how impactful Arch is for them to
manage their alternative investments, both streamlining previously
manual, tedious workflows while also providing data and insights to
make better investment decisions. The team is solving an incredibly
complex problem and providing the core data piping and scaffolding
across the wealth and asset management industries."
For more information about partnering with Arch, or to receive a
demo, please email hello@arch.co.
About Arch
Arch is a leading digital admin platform designed to modernize
private investment operations and investor communications for
institutions, single and multi-family offices, wealth management
firms, accounting firms, and banks. With Arch, investors are able
to manage their investments in one place by connecting with the
back office for each private investment, receiving all documents
and communications in a secure, aggregated platform. Arch's
automated system collects K-1s, manages cash flows, and provides
reporting-ready data. The platform collects tax documents across
every investment, organizing critical information and delivering
these documents automatically to accountants and tax advisors.
Visit arch.co for more information. Follow Arch on Twitter
(@gotk1s) and LinkedIn for more information.
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