Vitruvian Partners: Significant Strategic Growth Investment In Aduro Advisors

By Amit Chowdhry • Jun 4, 2024

Aduro Advisors, a leading fund administrator to venture capital and private equity firms, announced it has secured a strategic growth investment from Vitruvian Partners (a leading global growth-focused investment firm). And Aduro’s leadership team and existing shareholder PPC Enterprises will retain a significant investment in Aduro going forward.

Launched in 2012 and based in Denver, Colorado, Aduro Advisors has over $120 billion of assets under administration (AUA). Due in large part to its unique offering, Aduro has grown significantly, increasing AUA by over 150% since 2020.

Vitruvian focused on investment opportunities in the fund administration subsector, given its attractive characteristics and structural growth drivers of alternative asset managers. And through this transaction, Vitruvian will support Aduro’s long-term strategic growth, working in close partnership with Aduro’s leadership team and PPC.

Jefferies served as Aduro’s financial advisor, and Covington & Burling served as its legal counsel. Kirkland & Ellis served as Vitruvian’s legal counsel. The terms of the transaction are not disclosed.


“This is an exciting opportunity to accelerate the expansion of Aduro’s service and technology offerings to best serve the alternative asset industry. The Vitruvian team brings a wealth of experience and will provide strategic guidance and capital to support Aduro’s continued growth and development.”

– Braughm Ricke, Founder and CEO of Aduro

“Vitruvian’s investment in Aduro builds on our significant track record in fund administration services. Together with PPC, we will provide significant capital and capabilities to support and further accelerate the growth and acquisition aspirations of Aduro. We are excited about partnering with Braughm and the broader Aduro team.”

– Luuk Remmen, Partner at Vitruvian Partners

“The Aduro team successfully executed an aggressive growth plan while strengthening the Company’s operational and technological capabilities and providing excellent service to Aduro’s venture capital and private equity clients. We are thrilled to retain a meaningful equity stake alongside the Aduro management team, and we welcome Vitruvian, who we believe will be a very additive partner for the next stage of growth.”

– Thomas Uger and Kashyap Shah of PPC