Article: Allvue to offer CFOs carry management following PFA deal

Marc Scheipe, Allvue’s Chief Executive Officer, recently spoke with journalist Tom Auchterlonie from Private Funds CFO to comment on the acquisition of PFA Solutions LLC by Allvue and how the firm’s compensation and carry capabilities, combined with Allvue’s best-in-class private capital markets solutions, will help drive efficiency for Chief Financial Officers at venture, private equity, and credit funds as well as help fund administrators to better support the general partners they serve.

“One of the needs we uncovered – particularly with more scaled private capital businesses – is this need which ends up being pretty complex for carry distribution,” Marc noted.

PFA’s primary product, FirmView, supports allocation, vesting, forecasting, and processing distributions with a customizable and automated platform. Scheipe said that FirmView was a welcome addition to the Allvue suite of products because the platform is customizable and automated. And he pointed to the track record of PFA co-founder Richard Change, a Carlyle alum who has led the company for a dozen years. “We started engaging in dialog and quickly we said, ‘look, we want to combine forces,’” Scheipe said.

The deal is notable in another respect: Scheipe said it’s Allvue’s first acquisition since the company was formed via the merger of Black Mountain Systems and AltaReturn. “We’ve been very, very selective,” he said about M&A. The deal is meant to be complementary for the companies, with no departures slated. “Richard and his team will be there,” Scheipe said. “There’s no planned mass cost reductions. That’s not what this is about. This is about accelerating growth, adding fuel to the engine so that it can go faster and further.” Allvue’s CEO noted that he wants each offering to be strong on its merits. “I very much believe and understand that each of the individual products and solutions need to stand on their own, so-called best of breed,” he said.

Read more about the acquisition, and how the combined power of PFA and Allvue’s solutions can help drive success for private capital markets firms. Check out the full article by Tom Auchterlonie on Private Funds CFO’s site.