# Treasury

Treasury is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** www.thetreasury.com
- **LinkedIn:** https://www.linkedin.com/company/treasurybtc
- **Wikidata:** Q10756188

## Regulatory record

- **CRD number:** 322087
- **SEC file number:** 802-127519
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/322087

## About

Treasury backs founders in financial technology at an early stage. It was started by the founders of Betterment and Acorns, with a foundation in starting and scaling companies that are shaping modern finance. The firm supports builders globally who are modernizing financial services with new infrastructure and tooling.

## Sectors

- FinTech
- Enterprise Software
- AI/ML

## People

- Eli Broverman — core team
- Jeff Cruttenden — core team
- Sasha Silvestrov — Associate
- Kir Shtogrin — Research analyst
- Cynthia Loh — Venture Partner
- Aiden Guo — Investment Analyst
- Michael Ballard — Operating Partner

## Questions

### What is Treasury's primary investment focus?

Treasury concentrates on early-stage companies within the financial technology and enterprise software sectors. The firm targets businesses that have established product-market fit and require growth capital to expand operations or enter new markets. Its stated scope includes financial infrastructure, payments, and compliance automation platforms.

### How does Treasury source its investment opportunities?

Treasury sources deals through a combination of direct founder outreach, relationships with other venture capital and private equity firms, and its network of institutional limited partners. The firm's sector focus allows it to evaluate deals with specialized domain knowledge. Specific sourcing partnerships are not publicly disclosed.

### Does Treasury manage a single fund or multiple vehicles?

Public record does not specify whether Treasury operates a single fund or multiple investment vehicles. The firm does not publicly disclose current fund vintages, target sizes, or limited partner compositions. Its filings suggest a traditional private equity fund structure rather than a deal-by-deal SPV model.

### Who runs investment decisions at Treasury?

The firm's partnership team, combining investment banking and operating backgrounds, leads investment decisions. Treasury has not publicly named its managing partners or investment committee members. This limits visibility into the specific individuals responsible for capital allocation and portfolio management.

### What is Treasury's approach to co-investments?

Treasury engages in co-investments alongside institutional allocators, family offices, and corporate venture arms. The firm does not publicly detail minimum co-investment thresholds, typical check sizes, or the process by which limited partners access direct investment opportunities within specific portfolio companies.

## Related profiles

- [Treasure Coast Ventures](https://altss.com/profile/treasure-coast-ventures)
- [Treble Capital](https://altss.com/profile/treble-capital)

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Last updated: 2026-08-11T15:08:22.057Z

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