Press Release: Vector Introduces Valence

Alternative Asset Industry Veterans Launch Proprietary, Cloud-Based Platform to Solve Long-Standing Fund Administration Challenges

San Francisco, Calif. – Vector, a modern fund administration services provider to closed-end alternative investment firms, today announced the launch of Valence, a proprietary, cloud-based platform designed to shift the way teams work and improve historical fund accounting processes.

As the alternative asset industry continues to grow and there is an increasing demand for real-time data, fund managers are plagued by inefficient and outdated tools for tracking financial performance metrics, assessing portfolio risk, and delivering timely communications.

Matt Wheeler, Vector’s founder and CEO, previously served as a director of a premier closed-end fund administrator, where he led teams managing investment strategies for some of the biggest names in the venture capital industry.

“Asset managers require a data-driven and technology-enabled solution to maintain a focus on their top priority: generating lasting returns for investors. We believe software made to replace accountants is flawed, so we set out to develop software that enhances the service-first model,” said Wheeler.

Through Valence, clients receive unparalleled access to data that enables top-tier decision making. The platform is designed specifically for private funds by those who have deep industry expertise and understand the complexities of these funds at the most granular level.

Valence’s key features include:

  • Investor Communications – An easy-to-navigate and intuitive investor portal that gives investors access to their documents and relevant information 24/7.
  • Portfolio Monitoring – Powerful tracking and reporting that allows clients to pivot data on industry standard and custom or proprietary attributes to provide unmatched attribute-level analyses, including performance metrics such as IRR and multiples.
  • Financial Reporting – A custom-designed, purpose-built and integrated general ledger, which generates meaningful reports with a few clicks.

“We designed Valence to eliminate burdensome, manual, Excel-based processes and reduce burnout and incidents of human error,” said Molly Yakubian, Vector’s chief operating officer. “Valence provides a single-source of truth and is intended to reduce friction between stakeholders and allow for nimble, yet complex reporting that has been difficult to accomplish using existing applications.”

About Vector

Vector is a different kind of fund administrator. Vector is committed to building the next generation of fund administration. We provide closed-end alternative investment firms with industry-leading technology, top-tier talent, innovative workflows, and a comprehensive suite of integrated fund services.

Our offerings include: fund accounting and reporting; capital calls and distributions; fund operational support; investor reporting and access to an LP portal; fund launch support; tax and audit process management; general partner support and anti-money laundering screening.

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Molly Yakubian

ceo & Managing Partner

Based in Boston, Molly has spent her career in the alternative investment industry, both as a consultant advising fund managers on regulatory compliance matters, and in business development roles working with managers to solve challenges related to compliance, technology, performance, ESG, cybersecurity and risk, and back office outsourcing. Molly graduated from the University of Massachusetts with a bachelor’s degree in finance and is a CAIA Level II candidate.

Having worked both in-house at a private equity shop, as well as in consultative roles with hundreds of managers across a wide spectrum of industry challenges, Molly developed a passion for problem-solving, a commitment to enablement, and ambition for creating synergies between fund managers and service providers.

When not working, Molly spends her time with her three young children, and their family rescue dog, Lani, whom she loves to take for trail runs.

Matthew Wheeler

Founder & CEO

Matt is an alternative investment industry veteran with a passion for helping others – whether it’s assisting fund managers operate their funds, investors track their investments, team members develop their careers or service providers expand their practice. Matt and his team are working hard to build an industry-leading technology solution that brings these parties together.

An Ontario, Canada native, Matt graduated from the University of Western Ontario with a degree in business. He went on to earn the CPA designation before spending time in the Cayman Islands auditing alternative investment funds. Prior to starting Vector AIS (Alternative Investment Services), Matt was a director in the San Francisco office of a premier closed-end fund administrator where he led teams administering various investment strategies, including some of the biggest names in the venture capital industry.

Matt is obsessed with efficiency and enjoys designing elegant solutions to complex problems. He is an adventure seeker who loves hitting the slopes and single-track bike trails. He’s also into adventure travel, including jungle hiking and street food tours. In his down time, he likes to cook or read a book. Matt is currently based out of San Francisco.