Vitruvian Partners has made a significant strategic growth investment in Aduro Advisors, a fund administrator for venture capital and private equity firms. Aduro, headquartered in Denver, CO, has over $120 billion in assets under administration and has grown AUA by over 150% since 2020. Aduro’s leadership and PPC Enterprises will retain significant investments. Vitruvian aims to support Aduro's long-term growth, with plans to expand services and technology offerings in the alternative asset industry.

DENVER & PRINCETON, N.J.--(BUSINESS WIRE)--Aduro Advisors, LLC (Aduro), a leading fund administration firm that uses best-in-class proprietary technology to provide services to venture capital and private equity firms, announced today that it has acquired VMS Fund Administration (VMS), a venture capital and private equity fund administrator based in Princeton, NJ. Since its founding in 2000, VMS has built a reputation as a thoughtful, client-focused fund administrator providing accounting, reporting, and fund operation services to a collection of the industry’s top venture firms. The partnership, effective July 1, 2022, is part of a strategic initiative to broaden Aduro’s client portfolio, expand the company’s team of industry experts, and strengthen its East Coast presence. As part of this combination, Dominick Turiano, Founder and Managing Partner, and Joe Pruscino, Partner, of VMS, will become Partners at Aduro. This strategic partnership solidifies Aduro’s position as one of the premier venture capital and private equity fund administrators in North America. At closing, the Aduro platform will support over 500 unique venture capital and private equity fund managers