Category: Customer Stories

Ian Ippolito, Founder & CEO of Private Investor Club talks about his group of over 6,000 investors that provides a better way for investors to find good deals, leverages a deep network of due diligence expertise, and brings significant benefits to investment sponsors for win-win outcomes.

Ian Ippolito, Founder & CEO of Private Investor Club talks about what life was like before Verivend.

“Before Verivend life was pretty uncomfortable.”

“I was spending a lot of time, resources, and people on manual processes that were taking away from the rest of my business.”

Ian Ippolito, Founder & CEO of Private Investor Club talks about the easy onboarding process with Verivend.

“The onboarding process for Verivend was really simple.”

“It’s pretty much just start going.”

“The documentation is all online and very simple.”

Ian Ippolito, Founder & CEO of Private Investor Club talks about how he describes Verivend.

“Venmo for private equity firms and all investment funds.”

“It handles all the things that an investment fund manager needs and it has all the infrastructure to make that easier.”

Ian Ippolito, Founder & CEO of Private Investor Club talks about capital calls were handled before Verivend.

“Before Verivend capital calls were ugly.”

“It was very difficult to reconcile and time-consuming.”

“It’s error-prone and it’s a very stressful process to send money over wires and not know what’s happening to it.”

Ian Ippolito, Founder & CEO of Private Investor Club talks about how distribution payments were handled before Verivend.

“Distributions before Verivend were painful, even more painful than capital calls.”

“The echo effects of a single quarterly distribution would last a very long time.”

Ian Ippolito, Founder & CEO of Private Investor Club talks about how much time he and his team have saved with Verivend.

“On a single fund, we’ve saved many man-days, and when you multiply that, we’ve saved many man-months.”

“All the manual reconciliation and repeated processes are very time-consuming and Verivend just takes that all away.”

Ian Ippolito, Founder & CEO of Private Investor Club talks about how Verivend has seamlessly integrated into his fund administration.

“It’s been very easy to integrate into my fund administrator.”

“It’s a pretty easy product to use.”

“Verivend has been very good working with my fund administrator and being available, and the hand-holding is really nice.”

Ian Ippolito, Founder & CEO of Private Investor Club talks about the feedback he’s received from his investors about Verivend.

“My investors love Verivend.”

“The first experience went great for us and great for our investors.”

“They have control over their information that they didn’t have before, and they always know where their payments are.”

“My investors said ‘Please tell me this is not just an interim product and it can be supported long-term.’ and it was a happy story for all.”

Justin Reich, Managing Partner at Lorraine Capital, talks about how deals are closed faster and without surprises with Verivend.

“Verivend has dramatically improved the speed at which we’re able to collect capital from our Limited Partners.”

“The worry that we’re going to have a surprise at the last minute has been eliminated.”

“Verivend has made a huge difference in our ability to focus on our value proposition of buying companies and closing deals.”