Andrew Hennessy, Managing Partner at Ilion Capital Partners talks about the feedback he’s received from his investors about Verivend.
Category: Customer Stories
Private Investor Club Introduction
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.
Private Investor Club – What was life like before Verivend?
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.”
Private Investor Club – How easy was the onboarding process?
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.”
Private Investor Club – How would you describe Verivend?
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.”
Private Investor Club – How did you handle capital calls before Verivend?
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.”
Private Investor Club – How did you handle distribution payments before Verivend?
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.”
Private Investor Club – How much time have you saved with Verivend?
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.”
Private Investor Club – How has Verivend integrated into your fund administration?
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.”
Private Investor Club – What feedback have you received from your investors about Verivend?
Ian Ippolito, Founder & CEO of Private Investor Club talks about the feedback he’s received from his investors about Verivend.