Overview of Transaction

• On June 8, 2017, Addepar announced it has raised $140 million in Series D financing co-led by Harald McPike, the founder of QuantRes, along with Valor Equity Partners and 8VC
• Headquartered in Mountain View, CA, Addepar is a leading provider of portfolio management and reporting software and services that seeks to become the infrastructure that will connect all aspects of global finance
• Harald McPike is the founder of QuantRes, a quantitative trading firm, and a global private investor with a focus on the financial and technology sectors
• Valor Equity Partners is an operational growth investment firm that does both minority and majority investments in high growth companies at various stages of development
• 8VC is a venture capital firm that makes seed to later stage investments with a focus on the technology industry

Significance of Transaction

• The financing capitalizes on Addepar's unprecedented growth — from $300 billion to over $650 billion assets on platform in less than 18 months — as top wealth managers embraced Addepar's category-defining client reporting software
• With the new capital, Addepar will continue investing significantly in R&D, expanding its product, platform and tech-enabled services to unlock more value for its clients while also serving a wider range of wealth and asset management firms

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to Addepar
• Transaction demonstrates FT Partners' continued leadership position as the “advisor of choice” to the highest quality FinTech companies as well as its deep domain expertise and experience in the WealthTech space