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VIRIDIS Fund Solutions
VIRIDIS Fund Solutions was established in 2024 by a group of private-capital CFOs, fund accountants, and subject-matter experts to serve general partners...
VIRIDIS Fund Solutions
VIRIDIS Fund Solutions was established in 2024 by a group of private-capital CFOs, fund accountants, and subject-matter experts to serve general partners who have outgrown cookie-cutter administrators. The firm operates from Owings Mills, Maryland, working exclusively with private equity and venture capital sponsors. The firm’s service stack spans the full middle and back office: fund accounting, investor reporting, treasury and payment processing, management-company accounting, and the operational support required throughout a fund’s life cycle. For first-time managers, VIRIDIS bundles fund-administration delivery with vendor introductions and operational best practices. For established multi-vehicle sponsors, the firm layers its in-house former CFOs onto complex structures, including the growing volume of secondary funds. The firm’s own commentary notes that secondary market transaction volumes have exceeded $150 billion annually while dedicated secondary capital approaches $300 billion (per firm website, 2024). VIRIDIS’s team includes professionals profiled by name, such as Sarah Malomo, who embody the firm’s thesis that career private-fund finance staff can elevate an outsourced provider into something closer to a captive finance function. The Owings Mills headquarters anchors the firm’s US delivery, and while headcount and assets under administration are not publicly disclosed, the firm’s marketing positions it as an alternative to administrators whose service degrades as an LP base grows. As a new entrant, VIRIDIS’s structural difference lies in its deliberate origin story: it was built by in-house operations leaders who are selling their own former day-to-day responsibility — running the books and the waterfall — as a standalone service. This model targets sponsors who need administrator capacity that mirrors the institutional-grade discipline of a mid-market CFO’s office rather than a generic third-party processor.
General information
Firm type
Fund Administrator
Year founded
2024
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Owings Mills
Corporate office
Owings Mills, MD, United States
Principals
Sarah Malomo
Featured team member
Sector focus
Frequently asked questions
Who runs investment decisions at VIRIDIS Fund Solutions?
VIRIDIS Fund Solutions is a fund administrator, not an asset manager, so it makes no investment decisions. The firm provides non-discretionary middle- and back-office support — accounting, reporting, and operational services — to private equity and venture capital fund sponsors. The leadership team consists of former private-capital CFOs and fund accountants, but none are disclosed as investment committee members because the firm does not manage assets.
How does VIRIDIS Fund Solutions source new clients?
The firm targets private equity and venture capital sponsors who have outgrown their current administrator or are forming their first institutional vehicle. VIRIDIS’s client-origination strategy leans on the in-house CFO and controller networks its co-founders built during prior careers managing fund operations. Its website emphasizes a white-glove transition process for managers who view switching administrators as a last-resort disruption.
Does VIRIDIS serve first-time fund managers, or only established sponsors?
VIRIDIS publicly serves both. For first-time managers, the firm provides fund administration plus an operational advisory layer — vendor introductions, best-practice playbooks, and lifecycle support. For established managers running single- or multi-vehicle platforms, VIRIDIS deploys its former in-house CFO team to handle the full middle- and back-office stack on an outsourced basis.
What asset classes does VIRIDIS handle on the administrator side?
The firm’s website names private equity and venture capital as its two core fund-administration remits. It also highlights secondary funds as a growing segment where increasing operational complexity — driven by the expansion of GP-led and LP-led secondaries — is creating demand for specialized back-office support. No other asset classes are mentioned publicly.
Does VIRIDIS Fund Solutions hold client assets or provide custody?
No. As a fund administrator, VIRIDIS does not take custody of client assets or exercise discretion over investment decisions. The firm is responsible for fund accounting, capital call and distribution processing, financial reporting, and management-company accounting, but assets remain with the fund’s bank, custodian, or prime broker relationships selected by the GP.
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