Aduro Advisors (Aduro), a fund administration provider for venture capital and private equity firms, has acquired VMS Fund Administration (VMS), a venture capital and private equity fund administrator based in Princeton, New Jersey.
Aduro Advisors (Aduro), a fund administration provider for venture capital and private equity firms, has acquired VMS Fund Administration (VMS), a venture capital and private equity fund administrator based in Princeton, New Jersey.
VMS provides accounting, reporting, and fund operation services to a collection of the industry’s top venture firms.
The partnership, effective 1 July, 2022, is part of a strategic initiative to broaden Aduro’s client portfolio, expand the company’s team of industry experts, and strengthen its East Coast presence. As part of this combination, Dominick Turiano, Founder and Managing Partner, and Joe Pruscino, Partner, of VMS, will become Partners at Aduro.
This strategic partnership solidifies Aduro’s position as one of the premier venture capital and private equity fund administrators in North America. At closing, the Aduro platform will support over 500 unique venture capital and private equity fund managers.
This acquisition was financed by existing Aduro investor PPC Enterprises.
