๐๐ป๐ด๐ฒ๐น๐๐ถ๐๐ ๐๐ฐ๐พ๐๐ถ๐ฟ๐ฒ๐ ๐๐ฟ๐ธ ๐๐ผ ๐๐๐ถ๐น๐ฑ ๐ฎ๐ป ๐๐ป๐ฑ-๐๐ผ-๐๐ป๐ฑ ๐ฃ๐ฟ๐ถ๐๐ฎ๐๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐๐ ๐ฃ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ
- 16 hours ago
- 1 min read
AngelList, a software platform building the financial system for private markets, has acquired Ark PES, a fund management software provider serving more than 500 general partners and fund administrators across venture capital and private equity. Ark supports more than $185 billion in assets. Terms of the transaction were not disclosed. AngelList CEO Avlok Kohli said the combination would enhance the company's AI capabilities and drive product development, while Ark CEO Bill Ward said joining AngelList would let his team accelerate its work building software that fits how fund administrators and managers operate.
The combined platform pairs Ark's fund accounting, LP reporting, and fundraising tools with AngelList's banking network, payments infrastructure, and cap table software. The companies plan to extend AI across fund accounting, investor reporting, and fundraising workflows to reduce manual work and improve accuracy. AngelList's banking network, which counts more than 150,000 accredited investors, is expected to clear capital calls, distributions, and subscriptions in minutes rather than days.
For advisors, platforms, and fund administrators, the deal reflects continued consolidation of the operational tooling behind private funds. It also connects to the WealthTech theme of rising interest in alternatives, where advisors increasingly seek differentiated access to private markets even as transparency, liquidity, and onboarding friction persist. By tightening the link between administration, banking, and reporting, the platform aims to make private-market operations more scalable.
