Letter from Rey and Custodio
This year we are celebrating the 10 year anniversary of AltaReturn. It has been an incredible journey and we could not have done it without the best team, clients and partners in the business. For this we are truly grateful.
Ten years ago, we realized that GPs did not have access to the proper technology to power their firms. In fact, there wasn’t even a general ledger available to maintain proper fund accounting. (We have since fixed this!) Data was spread out across multiple applications, Excel was the default CRM, and deal teams spent hours and days to understand how their portfolio companies and assets were performing. We knew that establishing a “single source of truth” and eliminating redundant data and inefficient processes was how both the back and front office was going to move forward. Today, accounting, investor relations, deal teams and family office professionals can all work together and make sure their own investors are as well served as possible.
From a single laptop, it’s been incredible to see AltaReturn grow into a global firm, with over 10 offices around the world and hundreds of billions of dollars being managed on our platform. Most importantly, though, its been the incredibly hard work, experience and dedication of our employees that has allowed AltaReturn to grow to where it is now. It simply couldn’t have happened without the support of this amazing team.
Lastly, our deepest gratitude goes out to our clients for without you there would not be an AltaReturn! Both large firms and small, across the private equity, venture and real estate industries, we are always pleased to see the productivity gains fund managers achieve in using AltaReturn.
Looking ahead, we are going to keep doing what we always do – listen to our clients (and soon to be clients!), listen to our employees and listen to our partners – because that’s how you make great software. We are excited about the next 10 years and look forward to continuing to support the industry with only the best technology available.
With our deepest gratitude,
Rey and Custodio