TLDR:
- Aduro Advisors, a fund administrator for VC and PE firms, received a strategic growth investment from Vitruvian Partners.
- Aduro has over $120 billion of assets under administration and has seen significant growth in recent years.
Aduro Advisors, a leading fund administrator for VC and PE firms, recently announced that it has secured a strategic growth investment from Vitruvian Partners, a global growth-focused investment firm. Established in 2012 and based in Denver, CO, Aduro Advisors currently manages over $120 billion of assets under administration (AUA) and has experienced substantial growth, with a more than 150% increase in AUA since 2020.
Vitruvian Partners decided to invest in Aduro Advisors due to the attractive characteristics of the fund administration subsector and the structural growth drivers of alternative asset managers. The terms of the deal between Aduro and Vitruvian were not disclosed, but it was stated that Aduro’s leadership team and existing shareholder PPC Enterprises will retain a significant investment in Aduro moving forward.
Both Jefferies and Covington & Burling served as advisors to Aduro, while Kirkland & Ellis provided legal counsel to Vitruvian in this transaction. The goal of the partnership between Aduro and Vitruvian is to support Aduro’s long-term strategic growth and accelerate the expansion of its service and technology offerings for the benefit of the alternative asset industry.
Key quotes from the parties involved in the deal emphasize the enthusiasm for the partnership and the potential for further growth and development. Overall, the investment from Vitruvian Partners is expected to help Aduro Advisors solidify its position in the market and continue expanding its services to meet the evolving needs of its clients.
