Game-changing solutions to empower private fund CFOs - that's what we're building at Maybern. But don’t just take our word for it. Honored to have Mike W. from Primary Venture Partners share a CFO’s POV on why the Maybern platform is the future for private funds. Thanks for the shoutout and for being on this journey with us, Mike, Emily Man, and the Primary team!
Most CFOs are skeptical about new technology—there are many more promised solutions than actual ones. But I was truly impressed with what Ross Mechanic and Ashwin Raghu from Maybern demoed for me when Emily Man invested: Today the waterfall is typically done in excel, is error-prone, and often resides with the fund administrator. Funds regularly resort to shadow accounting to review and audit the output that the fund admin provides—not a very efficient process. It also positions fund teams as reactive, bogging them down in process. Maybern instead offers transparency with the ability to see how the waterfall works step-by-step. It is a game changer for all CFOs who spend countless hours doing the work their fund admin should be doing, putting them back into the driver’s seat and freeing up time to focus on strategic initiatives. I hope that waterfall calculations are just the beginning; the company is eyeing real-time visibility on key fund metrics, standardized reporting, and scenario modeling. Maybern’s focus on handling all this complexity positions it well to shake up the industry.