Lorraine Capital Introduction

Sam Russo, Partner & Managing Director at Lorraine Capital, talks about how Verivend provided their firm ways to be more efficient and provide their Limited Partners with the best experience possible.

“We’re always looking for ways to be more efficient in how we can process and fund our transactions and provide our investors and Limited Partners with the best experience possible.”

“Before Verivend, our process was very manual and painstaking that took a lot of internal manpower and time to complete.”

Lorraine Capital – How were you introduced to Verivend?

Sam Russo, Partner & Managing Director at Lorraine Capital, talks about how he was introduced to Verivend and the solutions it provides.

“There was great alignment with what we do and how we do it, and to create meaningful efficiencies for us and to provide a much better experience for our Limited Partners.”

Lorraine Capital – Before Verivend how did you send and receive capital?

Sam Russo, Partner & Managing Director at Lorraine Capital, talks about how his firm sent and received capital before using Verivend.

“Before Verivend, it was a very manual process.”

“Our first experiences with Verivend have been tremendous — there are significant time savings, a differentiated user experience for us, and it’s easy to use, simple, and very efficient.”

“Our investor partners have a much easier experience as well.”

“It really is so much simpler than what we did before.”

Lorraine Capital – When did you realize you made the right decision with Verivend?

Sam Russo, Partner & Managing Director at Lorraine Capital, talks about when they realized they made the right decision to use Verivend to move and manage their firm’s private capital.

“The first time we pushed distributions through the platform, we realized we made a good call.”

“We were able to see the acceptance from all of our LPs in real-time.”

“We spent less than an hour of time as opposed to two days of time.”

Lorraine Capital – How easy was the onboarding process?

Sam Russo, Partner & Managing Director at Lorraine Capital, talks about the ease of Verivend’s onboarding and education process.

“The onboarding and education process was effortless.”

“The application itself is very user-friendly, simple, and intuitive.”

“It’s really just point and click.”

Lorraine Capital – Have you received feedback from your investors or partners?

Sam Russo, Partner & Managing Director at Lorraine Capital, talks about the feedback received from their investors and partners after using Verivend.

“We’ve received excellent feedback from our investors and Limited Partners saying ‘this is way better than getting a handwritten check or having to exchange wire instructions.'”

“We already can’t envision going back to the old days of not using the platform.”

Lorraine Capital – How can Verivend help you next?

Sam Russo, Partner & Managing Director at Lorraine Capital, talks about how Verivend can help his firm next and how they can further leverage the platform.

“Increase our versatility to leverage Verivend to process every payment to operate our normal day-to-day business, which would add a lot of value.”

Lorraine Capital – What other industries can benefit from Verivend?

Sam Russo, Partner & Managing Director at Lorraine Capital, talks about other industries he believes will benefit from using Verivend.

“Any type of firm moving money or processing transactions.”

“The Independent Sponsor landscape of Private Equity is one that is ripe for Verivend to disrupt and provide a great experience to all the stakeholders in that industry.”