PPC Partner Thomas Uger said, “We are thrilled to play a role in this combination of well-respected fund administrators to venture capital and private equity firms. This acquisition was financed by existing Aduro investor PPC Enterprises. This combination will significantly strengthen our market position and orient Aduro for continued long-term growth,” said Braughm Ricke, Founder and CEO of Aduro. The VMS team shares our sense of commitment to their clients, deep industry experience and strong company culture. We are excited to have Dominick and his talented team join Aduro to continue to expand our presence on the East Coast. ![]() “VMS, with its long-standing client and industry relationships, has a stellar reputation of providing high quality service to its clients. The combination establishes a nationwide footprint of experienced professionals servicing the investment community,” said Dominick Turiano. Aduro has built a remarkable business focused on delivering the best outcome for their clients. We feel incredibly fortunate to partner with Aduro and their entrepreneurial team. “This feels like a natural fit as Aduro shares our core value of professional service. At closing, the Aduro platform will support over 500 unique venture capital and private equity fund managers. This strategic partnership solidifies Aduro’s position as one of the premier venture capital and private equity fund administrators in North America. As part of this combination, Dominick Turiano, Founder and Managing Partner, and Joe Pruscino, Partner, of VMS, will become Partners at Aduro. The partnership, effective July 1, 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. Since its founding in 2000, VMS has built a reputation as a thoughtful, client-focused fund administrator providing accounting, reporting, and fund operation services to a collection of the industry’s top venture firms. As a client of Barrier Crest you can be confident in knowing that I will always strive to provide you with the best service possible, to invest my time into building a successful relationship, and to share my technical knowledge and expertise in a way that will create an efficient and cohesive team between both of us.DENVER & PRINCETON, N.J.-( BUSINESS WIRE)-Aduro Advisors, LLC (Aduro), a leading fund administration firm that uses best-in-class proprietary technology to provide services to venture capital and private equity firms, announced today that it has acquired VMS Fund Administration (VMS), a venture capital and private equity fund administrator based in Princeton, NJ. What I am most proud of in my career is the relationships and trust that I have built with every one of my previous clients, many of which still carry on to this day. However, I have always believed that providing superb customer service is crucial to having a successful fund admin or consulting business. I've worked with them all.įrom my experience, I have learned that there is a delicate yet important balance between utilizing institutional grade technology, implementing industry best practices and procedures, adhering to industry regulations and reporting guidelines, while still being flexible enough to provide fund managers with the support and customization needed to satisfy their team and their investors. I've worked with fund managers both big and small, some with hundreds of millions in AUM and large institutional investors, and others who were raising their first fund with a handful of high-net worth individuals. I've stabilized and scaled a boutique firm like VMS Group, and was a key contributor at SS&C Inc. ![]() I have been fortunate enough to build a fund administration business from the ground up as a co‐founder of Mainstream Fund Services. I have also worked at one of the largest public global investment managers, Fortress Investment Group. I have spent most of my career working for a select group of very successful fund administrators in the US of varying sizes and strategies. My particular areas of expertise include maximizing fund accounting software capabilities, complex waterfall models, interpreting LPAs, and client service. I'm a seasoned professional in fund administration and fund accounting with 14 years of private equity and venture capital experience.
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