Streamlining of Alternative Investments

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Investors in private markets pay the fees, yet they often get the worst experience. They are demanding the streamlining of alternative investments. In this episode of Wealth Actually, I talk with Ryan Eisenman, co-founder and CEO of Arch, about why it can take thousands of clicks to manage a single fund position and what better data means for advisors, family offices and the families they serve.

Alternative investments are moving well beyond the institutional world. Private equity, private credit, hedge funds and venture capital now show up in high-net-worth and even retail portfolios. The paperwork has not kept up. K-1s, capital calls, investor letters and valuations still sit in dozens of portals and PDFs.

Ryan explains how Arch gathers those documents, turns them into structured data and gives investors a single view of commitments, cash flows, performance and exposure. We also cover the rules he sees good allocators follow, the gap in after-tax analysis, PPLI, valuation lag, estate-planning valuations and the next friction point Arch wants to remove: the subscription document.

Key takeaways

  • The LP pays, so the LP should come first. Ryan’s starting point is simple: the limited partner pays the fees across private markets, so the invesotr”s needs should dictate the infrastructure..
  • Three allocation rules. Don’t lose money, avoid adverse selection, and diversify. Ask why an opportunity reached you and source deals actively rather than waiting for whoever knocks on the door.
  • Commitment-based assets break traditional reporting. Most performance systems were designed for stocks and bonds. Unfunded commitments, call pacing, redemption windows and wire instructions need their own data layer.
  • Holistic advice depends on seeing held-away assets. Advisors cannot give complete advice or plan well if they cannot see the private investments a client made elsewhere.
  • AI is already doing practical work. Arch summarizes long investor letters, captures manager-reported IRR and lets clients query their own portfolio data.
  • After-tax thinking is still underdeveloped in alts. Investors rarely know whether a fund will generate QSBS-eligible gains or how a manager’s trading style affects their after-tax return.
  • PPLI and trusts are a reporting gap. Policies holding insurance-dedicated funds create similar tracking burdens for trustees, trust companies and advisors.
  • Permissioned access helps the whole advisory team. Clients can share all or part of their data with auditors, tax accountants, valuation firms and estate planners.
  • The next frontier is the subscription document. Arch is testing a tool to automate subscription paperwork as it pushes toward a one-click experience in private markets.

Episode timestamps

00:00 Preview: why advisors need to see held-away assets
00:17 Introduction and disclaimer
01:26 Who pays the fees? The problem Arch set out to solve
02:37 Lessons from large allocators for newer alternative investors
04:02 What Arch does: documents, data and dashboards
05:13 Cash management: commitments, capital calls and distributions
06:50 How RIAs, multifamily offices and banks use Arch
08:00 Working across custodians, fund administrators and portals
09:03 AI insights, IRR and investor-letter summaries
10:18 Who sees the data, and adding third-party context
11:31 Power users versus weekly digest readers
13:24 Educating the new wave of alternative investors
14:53 After-tax returns, tax-aware funds and QSBS
16:01 PPLI, insurance-dedicated funds and trustee reporting
18:12 Helping advisory firms scale as alts grow
19:36 Manager selection, partnerships and data protection
21:06 Scale: $620 billion on the platform and new data partners
22:43 Valuation lag and secondary-market marks
23:34 Estate-planning valuations and permissioned access
24:32 What’s next: automating the subscription document
25:41 Where to find Arch and closing

Notable quotes

“Usually when you pay for something, you get a good experience. Private markets is such where people pay for investments and pay all the fees and get an awful experience.” — Ryan Eisenman

“There should be a one-click way to manage alternative investments and not the 5,500 clicks that it takes today to manage a single fund position over its 10-year life.” — Ryan Eisenman

“It’s hard to avoid the bad and prioritize the good if you don’t know which is good and which is bad.” — Ryan Eisenman

“Yes, the GP often hires the fund admin, but the LP pays the GP.” — Ryan Eisenman

About Ryan Eisenman

Ryan Eisenman is the co-founder and CEO of Arch, a technology platform for managing private market investments. He co-founded Arch in 2018 to address the fragmented, manual work of private investing, and the platform now centralizes K-1 collection, capital calls, distributions, documents and performance reporting. Before Arch, he worked at Deloitte and Techstars, among other firms. He earned his bachelor’s degree in Human and Organizational Development from Vanderbilt University. (Orion’s Standard Deviations guest profile)

About Arch: Arch announced a $52 million Series B led by Oak HC/FT in September 2025. In July 2026, it reported $539 billion in private market assets on its platform, and by late September 2026 it said it served more than 650 allocators with more than $600 billion in assets. (Business Wire, September 2025; Business Wire, July 2026; InvestmentNews, September 2026)

Interesting links

Frequently asked questions

What does Arch do?

Arch collects documents from fund portals and managers on a client’s behalf, structures the data and presents it in a dashboard. Investors and advisors can see commitments, funded and unfunded amounts, performance, K-1s, capital-call alerts and underlying exposures in one place.

Who uses Arch?

Ryan says the largest client segment is investment advisors, including RIAs, multifamily offices and private banks. Arch also serves individual LPs, accountants and other allocators.

Why is reporting on private investments so difficult?

Private investments are commitment-based rather than share-based. Capital is called over time, distributions arrive irregularly, valuations lag and every fund reports a little differently. Most traditional reporting systems were built for stocks and bonds.

What rules should a newer alternative investor follow?

Ryan’s three rules: don’t lose money, avoid adverse selection by asking why the opportunity reached you, and diversify. He also recommends an intentional allocation plan and active deal sourcing.

How does Arch address valuation lag?

Arch adjusts the value shown on the platform for capital calls and distributions and is beginning to show underlying marks, including secondary-market pricing for some private companies, ahead of the next quarterly statement.

Can estate planners and valuation firms use Arch data?

Yes. Clients can permission all or part of their Arch data to third parties such as auditors, tax accountants, advisors and estate planners working on valuations.

Full transcript

This transcript is lightly edited for readability from the episode audio (26:17). Filler words and repeated starts have been removed without changing substance. It is not a certified verbatim record; please check the audio before quoting.

[00:00] Ryan Eisenman: We think that fundamentally, if you can’t see your clients’ other assets that they might have made away from you with another advisor or before they worked with you, then it’s really hard to give them true holistic advice and to help them understand which products to select or how to do planning.

[00:17] Frazer Rice: Welcome back to the Wealth Actually podcast, the show that features experts, entrepreneurs and commentators that will give you the right knowledge, planning and guidance so you can preserve your assets and enjoy your wealth. Learn more and subscribe today at WealthActually.com. This podcast is for educational and entertainment purposes. It is neither investment, legal nor tax advice. It does not represent the opinions of the employers or the host or guest.

[00:42] Frazer Rice: Welcome back. Alternative investments are the rage these days. There’s an insatiable demand for hedge funds, private credit, private equity, infrastructure and the like. Ryan Eisenman is the co-founder and CEO of Arch, which is a tool to help investors understand what they own and the different decisions around allocation. We’re going to find out what the future looks like in this space. Ryan, welcome aboard.

[01:06] Ryan Eisenman: Thanks, Frazer. Great to be here.

[01:07] Frazer Rice: Thrilled to have you on. For those of us who work in the high-net-worth and ultra-high-net-worth space, the idea of reporting and aggregating assets and getting a real fix on what people have, where it is, how it should be spent, how performance is running and all that, it seems like a never-ending cycle. With Arch, what was the problem that you guys were trying to solve?

[01:31] Ryan Eisenman: Yeah. So who pays all the fees in private markets, or in financial services in general? It’s the investors, the LPs. They pay all the fees. Usually when you pay for something, you get a good experience. Private markets is such where people pay for investments and pay all the fees and get an awful experience. So it’s kind of born out of a lot of that pain of the true LPs, their advisors, their accountants. They need to collect K-1s, to manage capital calls and to report on these assets. Frazer, have you been into any of the private equity type of portals, like an Intralinks or a SunGard data exchange? Have you been into those portals?

[02:09] Frazer Rice: The sad truth is yes, up to a point. And then I kind of shake my head and get the younger people to do it.

[02:17] Ryan Eisenman: Exactly. It’s an awful experience, and it’s one that is undeserving of the great asset managers and the LPs that invest in great asset managers. So our fundamental belief at Arch is there’s got to be a better way. There should be a one-click way to manage alternative investments and not the 5,500 clicks that it takes today to manage a single fund position over its 10-year life.

[02:37] Frazer Rice: So coming from your experience with asset allocation and the broader allocators and helping them understand what’s going on there: we’re in a world where the alternative space is becoming more and more democratized. It’s getting more into, let’s call it, the high-net-worth, the retail high-net-worth and below levels. What are the lessons that you’ve learned from the broader allocators that can help make that experience better for people who are either not writing $10 million checks to one fund, or the alternative space is actually kind of their first bite at the apple into this new world beyond stocks and bonds?

[03:15] Ryan Eisenman: Yeah. A couple of things stick out here. Rule number one: don’t lose money when you’re allocating capital. And then rule number two is avoid adverse selection. So really take a deep, introspective look at why is this opportunity available to me? Am I only seeing this opportunity because great investors passed, or other investors passed, and now someone is knocking on my door? And then I think diversification is always rule number three. So what does that lead to? It’s, I think, having a plan of how you want to allocate capital, being really intentional about it, and then selecting and sourcing deals in an active way if you are pursuing this type of investment, so that you aren’t just left with the people that find you, but you actively find great managers and great opportunities.

[04:02] Frazer Rice: So your solution, the problem it solves: are you helping the end investor see what they have in place better, or are they able, in a sense, to dig deeper into a different investment to pursue other analysis? Maybe take us through what you guys do in a nutshell.

[04:22] Ryan Eisenman: Yeah. What Arch does: we primarily help LPs directly, or their advisors and accountants. And this is generally folks that have dozens, hundreds or thousands of investments across private equity, hedge funds, real estate, venture capital. And those documents and the information on those investments is trapped in documents inside of portals.

Arch gets all the documents on our clients’ behalf, structures the data, and then gives our clients a nice, intuitive dashboard that allows them to see: What have I committed? How funded or unfunded am I? How are my investments performing? I can integrate this data with other systems, and I can see even exposure-level information, like how much SpaceX or Anthropic is in my portfolio. All the while, my K-1s are organized, I get alerts for capital calls, and key information is sent to me automatically every morning.

[05:13] Frazer Rice: So an interesting problem that I’ve seen with, let’s call it, large individual investors is this concept of cash management. What have I committed? What is coming back in the form of distributions or redemptions or anything like that? And how do you integrate with different systems that show the stocks, bonds, cash, et cetera, that someone has on their balance sheet, versus that scenario where you’ve got overall commitment, committed capital and money that’s come back?

[05:46] Ryan Eisenman: Yes. So most systems, we found, aren’t well set up to manage the commitment-based assets or alternative assets. Even some of the larger industry performance reporting systems really kind of think about things in terms of stocks and bonds, and things that are share-based or marketable assets. So we’ve worked with a lot of the bigger reporting providers to help them figure out how to take this type of data into their system to deliver a consolidated balance sheet.

And we think that there’s a lot of depth that’s often missed within the reporting or the GL solution. So what Arch does is we, of course, send data to these other systems that a family office might already leverage. But we bring the private market side of this to life, because there’s a lot of really important detail and data, like how fast capital is being called. When are they due? What are the wire instructions, and is there fraud in the wire instructions, which we can test for? What’s the redemption window for an investment? What’s the IRR? So we can capture this data at a very granular level and make it available to the end client.

[06:50] Frazer Rice: So for those people who are making decisions for clients, and I’m thinking maybe the RIA space or the big banks and so on who have wealth management situations, how do they deal with Arch in terms of being able to make the implementation of their advice for clients, let’s say, more efficient? And then a follow-up question to that is, is there a way for the portfolio manager asset allocators at that level to see what is happening and to make judgments accordingly?

[07:21] Ryan Eisenman: Yeah, absolutely. And this is a key point. Our biggest client segment is investment advisors, whether it’s RIAs, multifamily offices or private banks. And we work with a few of the largest banks in the country. And we think that fundamentally, if you can’t see your clients’ other assets that they might have made away from you with another advisor or before they worked with you, then it’s really hard to give them true holistic advice and to help them understand which products to select or how to do planning. So we think that this is a really important element of the advice business: being able to have more data so you can help your clients make better decisions across their portfolios.

[08:00] Frazer Rice: In a sense, you have the paperwork at the investment level. So somebody comes to a private equity firm, they sign the LP agreement, they are invested. The mechanics of investing in that fund kind of go through the institution that, I guess, is custodying that asset, although it’s really showing a line item on a piece of paper, but the cash is flowing through accordingly. How do you behave with the different custodians that are out there?

[08:30] Ryan Eisenman: Yeah. So we’re custodian-agnostic, fund-admin-agnostic, portal-agnostic. We’ll collect data from every type of fund, whether it’s custodied with a Morgan Stanley or JPMorgan or coming directly from the fund manager itself. And then a big part of what we do is not just take documents, structure them and turn them into data, but also really understand the format and some of the accounting treatment, and how each fund reports differently, so that you can get a standardized view of your investments.

[09:03] Frazer Rice: Yeah. And so as I hear that, I hear things like incredible sources of data at the client level and beyond, that you can look at and analyze. What is the state of the art as far as being able to drill into that to glean other insights? And I guess, who’s gleaning them?

[09:22] Ryan Eisenman: Yeah. So we’ve put essentially an LLM model inside of Arch recently to allow our clients to generate their own insights off of their investments. And then we are continually looking at what are some of the insights that we can bring to clients en masse that everyone will want. So IRR is a good example. IRR started as a custom attribute, but now it’s something that runs on every investment, and as managers report net IRR, it gets pulled into the platform.

So you can see the manager-reported IRR. And then summarizing investor letters is another version of that. We’re probably the first company to ever summarize an investor letter with AI and push it programmatically to clients. So now our clients get an email every day or week that gives them a summary of all the investor letters, because these letters are long and generally trapped in portals. So we want to free up this information and free up time so that clients can really understand what’s happening with the investments that they’ve made.

[10:18] Frazer Rice: So where does the information start and stop? And by that, I mean, what prevents someone like Renaissance Technologies from getting Arch and using you as a source of data to understand what’s happening at the different investments, at different funds, and to be able to glean something from that?

[10:39] Ryan Eisenman: Yeah, good question. So we only give people access to their own investments. And so this is a tool that is essentially your agent, or your tool for analytics on your portfolio. We are adding third-party information to augment your portfolio information, so we can pull round data and other financial data via a Preqin or other solutions like that, or secondary pricing data for the top 500 private companies.

And so we’re able to help you see your portfolio and contextualize it, also with news on your portfolio, which is a new offering that we’re launching soon. So if you own Stripe directly or through a fund, or you have SpaceX exposure, we can tell you the key things happening on those names, along with any other names or managers that you have in your portfolio, to help you contextualize your portfolio in the context of the world.

[11:31] Frazer Rice: So when you have an investment manager or allocator and they’re armed with that information, what percentage of them are using it well, in your opinion, meaning that they’re using the full operational power of this Death Star to do what they want to do with it? And whatever the percentage turns out to be, what is the education for the portfolio managers that aren’t using it yet?

[11:59] Ryan Eisenman: Yeah, we generally meet people where they are. And so we have some folks that are power users, that are using hotkeys as they go through our software, and Command-K to search across all their portfolio and finding all the mentions of specific things in their portfolio. Or we have people who love the platform, but what they do is they read their Arch Digest every week, and that is sufficient for them. And so whether you’re an everyday allocator or you’re the once-a-week browser, we can up-level folks from what they’re doing today and give them a type of engagement model that works for them.

[12:35] Frazer Rice: So the ones who are looking at it every day, maybe even every hour and so on, how complicated or how big an investment pool is that?

[12:45] Ryan Eisenman: Really depends. So it’s less based on complication, but maybe it’s based on activity. And then it also isn’t necessarily correlated with asset level. We have some folks that are writing smallish five- to six-figure checks into companies or funds and are just super, super active. And then there’s other folks that are writing seven- or eight-figure checks, or maybe even bigger, into similar funds and maybe are less active on the dashboards or less active in the information. And so you could have this whole matrix of level of depth and level of interest, and then portfolio complexity, which probably correlates, but not always.

[13:24] Frazer Rice: And so as we think about that democratization of alternative investments, the high-net-worth and lower investor who is getting more involved, they’re being educated on the benefits of private debt, private equity, hedge funds, et cetera, as, in theory, uncorrelated to traditional asset classes in their portfolio. How does Arch help that education process?

[13:51] Ryan Eisenman: Yeah, I think it’s really hard to make decisions if you don’t have good, standardized data. And so this is a big part of why we founded the company eight years ago. We were talking to investment advisors, family offices, clients working with investment advisors, and they didn’t know basic things like: What are all of my unfunded commitments to the private equity funds I’ve made?

Or what are my good-performing investments versus my poor-performing investments? And where did the good ones come from? Where did the bad ones come from? So it’s hard to avoid the bad and prioritize the good if you don’t know which is good and which is bad. It’s hard to match patterns across a portfolio. So that’s the core part of our mission. And we just believe that the road to getting there is to first build tools that save people time and give them structured data. And now we’re on this phase of continuing to automate more painful workflows and tasks for our clients and help them avoid fraud, while giving them more data and insights to empower better decisions.

[14:53] Frazer Rice: The world, at least in the RIA space and a lot of the advice around individual investors, is really gravitating toward tax and making good after-tax decisions. And that flows back to the investments, up to and including alternatives. Where does Arch fit in with that level of analysis?

[15:11] Ryan Eisenman: Yeah, great question. This is something that still most people don’t do at all, or do poorly. So it’s very hard to understand your after-tax return, or your expected after-tax return, with certain investment products. There are the AQRs of the world that have become the biggest hedge fund by offering tax-savvy solutions.

And so for those products, the tax benefit is marketed. But for other products, it’s hard to know: Is this venture fund going to primarily invest in QSBS securities, where I won’t pay taxes if I meet certain thresholds? Or is this a more actively traded hedge fund versus a long-only fund? And so I think tax is becoming a bigger theme, but I think it’s still fundamentally misunderstood by a lot of investors.

[16:01] Frazer Rice: To get in line with that after-tax notion, private placement life insurance is something that has come across my desk a lot more now, where people use that vehicle to invest in tax-inefficient assets, usually in the alternative space. One of the most frustrating things in my world is, as this is becoming more apparent, and life insurance generally is a bigger part of people’s, let’s call it, third-dimensional planning, it is very hard to have a dashboard that analyzes how effective these policies are, when the premiums are coming due, are they working well, all that stuff. Is there a plan at Arch to take on those types of investments and then be able to drill into how they are invested?

[16:48] Ryan Eisenman: Good question. I think there’s a lot more to do in that part of the industry in general. If you are doing PPLI, you’re probably investing in alternatives, and maybe it’s a specific insurance-dedicated fund. And so you, or someone, has a similar type of burden of tracking those positions, marking those positions, getting information to custodians or to the client themselves. So we think there’s a role to play for us there, and I think more to do in the future.

[17:20] Frazer Rice: I’ll go so far as to say we’re in the early innings of that becoming a popular structure, and as RIAs become more adept at managing the assets within insurance policies, it’s going to become a bigger issue. And then trust companies that are assisting trustees that own these policies, they’re going to need that information too, as they try to make these decisions. So that’s my not-so-subtle pitch that there might be something there for you to work on.

[17:49] Ryan Eisenman: Yeah, maybe it’s something for us to jam on after this, because I think there’s a lot we can learn from you on your perspective here.

[17:57] Frazer Rice: Well, thank you. But again, it’s early, and it’s something where the tax efficiency of these investments steers you toward ERISA account ownership or life insurance ownership, because you’re able to grow these assets and then ultimately dispose of them later in one way, shape or form. So to that end, as we get into that pervasive move of alts to more and more people, what are the challenges that you’re seeing with the advisor base in terms of being able to use your tools and to get that education process out?

[18:32] Ryan Eisenman: Yeah. Well, we’re talking to advisors often that a few years ago maybe had a few dozen alternative investments, and it wasn’t a big part of their book, and so it wasn’t a big burden. And now their clients are investing in more alts, they’re acquiring more clients, and sometimes these advisors are buying whole new books or new firms. Now they have hundreds or thousands of these positions.

And as they make new incremental investments, they’re having to dramatically scale the people side of their business, and it creates more complex organizations. So we’re able to oftentimes work with those firms and help them understand: okay, great, you can continue to scale. You also don’t have to get rid of any of your people, because your people are often stretched thin and have a lot of other things to do. But we can come in and provide the AWS equivalent for alts. So it’s the ability to buy capacity to scale within your current clients and add new clients without having to invest inefficiently. And so we’re often a great partner for firms that are looking to scale, to help them get scale in their practices.

[19:36] Frazer Rice: The information around different managers, I would think, would be really interesting for manager selection groups, either at the Cambridge-type consultants or for anybody who has to pick and choose between the different ways to implement these allocation decisions. Is there a world in which the information that you glean is used by those types of folks? Or is that something where you want to stay in your lane and provide the information in a particular form so as not to step on other feet?

[20:05] Ryan Eisenman: Yeah, I think there’s a lot of work to be done, but there’s a lot of work to be done in partnership with other firms. And so we might try to work with some of those firms to bring the insights that they’ve created or fought hard to bring to the industry to our clients, or bring some of our clients’ information or insights to those firms. And so I think it’s: what are the things that are good for everyone? At our core, we’re structured around supporting the end client, the LP. So we only want to do things that the LP wants to happen.

And then we think about all the different counterparties, whether it’s the OCIOs, the advisors, the asset managers themselves, and just making sure that we’re properly safeguarding all the information that folks give us. And we’re very strong on our data protection internally and how we think about and treat client data. So, so far, what we’ve done is bring in third-party information to augment what our clients are getting at Arch, to understand their data contextualized with a broader universe of data.

[21:06] Frazer Rice: What are the big challenges that you’re facing, whether it’s cooperation amongst data providers, the ability to glean insights, computing power? What faces you on a daily basis that you wish were easier?

[21:21] Ryan Eisenman: Yeah. Well, one thing that was a challenge, and is starting to not be a challenge, is we’ve hit a level of scale where we’re actually getting folks who are proactively reaching out to us to give us better data and data feeds. So today we report on about $620 billion in alternative assets across our 700 clients. And they’re coming to us and saying, “Hey, we are XYZ, a fund admin or technology company or asset manager, and we noticed that a lot of our clients use Arch. Can we give you data and create a partnership between the companies?” And that’s something that we didn’t even really think was possible even 12 or 18 months ago.

We wouldn’t have thought that folks would want to go out of their way to make our lives easier. But it seems like there’s now enough of a movement around better cooperation, because of what I said at the top of the hour: who pays all the fees? The LP. And so we think it’s putting the customer at the center of the relationship and realizing that, yes, the GP often hires the fund admin, but the LP pays the GP. And so if we can make the LPs’ lives easier and remove friction, then private capital can really flourish, because more people can invest in private markets, and we can truly allow private markets to democratize and reach a bigger audience.

[22:43] Frazer Rice: One of the frustrations for people who are invested in alts can be the lag in valuation, which is really endemic to certain things. Maybe not for the power day-trader type of hedge fund, but for private equity, where you might get a valuation once a quarter or once a year. Is there anything that you guys do that helps speed that process up?

[23:06] Ryan Eisenman: Yes. We do incorporate capital calls and distributions into the value you see on the platform. So if you fund an investment, you can see that capital call, or what you funded, incorporated in the value. We also are starting to give people better visibility into the underlying marks. So if you have a portfolio of, say, growth equity names, and those names are being valued on secondary markets, we can help you understand what might have changed in the value of an investment ahead of getting a quarterly statement.

[23:34] Frazer Rice: One thing that really pops up in my world, certainly on the estate-planning front, is when you have outside valuations of certain entities that own underlying assets for estate-planning purposes that might be different from something that shows up on a traditional bank statement. Do you work with the valuation firms, or do they build pipes into what you’re creating so that they can provide a more efficient output for themselves?

[23:59] Ryan Eisenman: Yeah. Clients can permission their Arch data to their third parties. So say a client is doing an audit and they need to have an auditor access statements, or they’re collecting their tax documents and they need to add their tax accountant, or they’re doing valuation work. In all of those cases, or if you have an advisor you want to give access to, you can give them access to either your full platform or a subset of the information. So if you are trying to value a portfolio for estate-planning purposes, you could give that estate planner access to that part of your portfolio to use that information in their work.

[24:32] Frazer Rice: Cool. So as we wind out here, peer into your crystal ball. What is a big innovation, or a big challenge overcome, that you see Arch or the industry generally hitting in the near term that we can potentially look forward to? Obviously not holding you to it, because it is a crystal ball.

[24:51] Ryan Eisenman: Awesome. You can hold us to this one. So we talked briefly about the 5,500 clicks to manage an investment. That doesn’t include the subscription document and the pain points around the sub doc. So anytime you want to subscribe, or you want to buy a new alternative investment, you have to complete a subscription document. Some asset managers have created digital forms, but a lot haven’t.

So we can help the LP automate that process, whether their counterparties are digital or whether they’re still getting a PDF form. That’s a solution we’re building now that we’re launching in beta soon. We have a dozen or so clients that are already testing it. And so we’re really excited to reduce friction on that part of the platform, or that part of the investor experience, as we push toward a truly one-click experience in private markets.

[25:41] Frazer Rice: Really cool stuff. [Ryan; audio unclear], how do people find you? How do they find Arch, and any other information you want to put out there?

[25:48] Ryan Eisenman: Yes. So we are Arch.com. You can schedule time with us directly on our website, and we’re on LinkedIn, Twitter, et cetera. And I’m Ryan Eisenman, one of the co-founders, and excited to share more with folks soon.

[26:04] Frazer Rice: Terrific. Ryan, thanks for being on.

[26:06] Ryan Eisenman: Awesome. Thanks so much.

[26:09] Frazer Rice: This podcast is for educational and entertainment purposes. It is neither investment, legal or tax advice. It does not represent the opinions of the employers or the host or guest.

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