OUR PRODUCTS & PROGRAMS
A proven, fund-level software package, designed specifically to tackle the intricate complexity of Fair Value calculation for IPEV/ASC 820 compliance.
VCM - Your IPEV/820 Partner
VCM Portfolio Fair Value is a proven, fund-level compliance software package, designed specifically to tackle the intricate complexity of IPEV/820 calculations. Our solution creates, in a timely and cost-effective manner, a clear, comprehensive audit trail to satisfy your auditor’s requirements. The solution includes:
Quarterly and annual calculations for the entire portfolio - OPM, Waterfall and CVM
Automated OPM output in MS Excel, displaying easy-to-follow logic
Deep granularity of all aspects of securities and their rights
Easy 4-step process: Build your cap tables; Input preferences and rights; add OPM variables (Enterprise value, volatility etc.); run and view output
Best in class, proprietary waterfall algorithm
VCM’s experienced team, as an expert resource for roll-out, cap table input and maintenance
Guiding our clients through the maze of
Fair Value compliance and LP fund management
VCM Investors: Streamline. Systematize. Automate.
Reach a whole new level of professional fund administration
The VCM Investors model is based on VCM’s over 20 years of experience working with dozens of VC firms. For the latest version (5), we’ve invested over two years completely rewriting VCM Investors from the ground up. In addition to incorporating new technology, we've improved and enhanced the workflows for elegant, efficient management of complex back-office tasks, for Commitments, Call Distributions, LP accounts, and our on-line LP data portal.
Why VCM? Our modules provide:
Adoption of best practices based on 20 years of experience
Single source for all data
Systemized work processes
Easy learning curve
Multiple users, through permissions, can use the system simultaneously
Automatic data backup
Data easily exported to MS Excel
Minimal IT requirements
Kevin Pearl, Founder and CEO
Kevin founded VCM in 1999, after writing an initial program to help his wife as the CFO of a $270m VC fund and then upgrading and selling that program to other VC and PE houses. Kevin has vast experience in VC/PE back-office workflow needs, as well an expertise in venture capital cap tables, waterfalls and fair value methodologies and calculations. Before VCM, from 1989 to 1999, Kevin was the founder and CEO of Pearl Anderson, a clothing manufacturer, producing women's and children's knits for the US retail market. Clients included Talbots, Macy's, GAP, Anne Klein, Liz Claiborne.
Tzvi Schmerhold, VP Technology
Tzvi has been at VCM since 2004. He has overall responsibility for the new VCM v5 for which he oversaw its designing, writing and implementation. Tzvi has over 20 years' experience in Business/Financial software development as well as a strong background in finance. Prior to VCM, he worked in several tech startups before which he was a CPA at Deloitte in New York. He holds a Bachelor of Science in accounting from Brooklyn College and qualified as a CPA in the US in 1989.
Yoni Schwartz, VP Professional Services
Yoni joined VCM in 2019 following an extensive career spanning more than two decades in financial analysis for both private and publicly traded companies. He developed expertise in company valuation working as an analyst and portfolio manager on Wall Street and as a corporate consultant at PwC. More recently he acted as the Senior Project Finance Modeler at Mada Energie and as Senior Business Manager at Persimio, a health-tech startup. Yoni holds an MBA in Finance from NYU and a CFA charter.