A steadfast partnership
Our partnership with Cherry Ventures commenced with the administration of their Cherry II fund. From day one, we have been committed to providing exceptional fund administration services, ensuring that all aspects of the fund’s operations run smoothly. This dedication to quality and reliability led Cherry Ventures to entrust us with their subsequent fund, Cherry III, as well as several SPVs. Our consistent performance and unwavering commitment to excellence have been the cornerstone of this long-standing relationship.
Our role in managing these funds encompasses a wide range of responsibilities, including financial reporting, investor communications, regulatory compliance, and more. Over the years, we have consistently delivered high-quality services, ensuring that Cherry Ventures can focus on identifying and nurturing promising startups while we handle the intricacies of fund administration.
Exploring new avenues: the Cherry IV experience
As Cherry Ventures grew and launched their fourth fund, Cherry IV, they decided to explore new avenues for fund administration. While Mola-administration had a 10-year track record of providing fund administration services to private equity firms, venture capital, debt, special situations, and digital assets funds managing €3.5bn of assets, they were perceived as “too small” to handle the increased demands of Cherry Ventures’ growing portfolio.
Consequently, Cherry Ventures chose to partner with a competitor for the administration of Cherry IV. This decision marked a significant shift in our relationship, presenting us with a new challenge to prove our capabilities. During this period, we continued to manage Cherry II and Cherry III with the same level of excellence and dedication that had defined our partnership from the beginning.
Unfortunately, the experience with their new fund administration provider did not meet expectations. The quality of service fell short, leading to operational inefficiencies and concerns.
Reclaiming Cherry IV: testament to quality
Acknowledging our consistent performance and the value we brought to their other funds, Cherry Ventures decided to transfer the administration of Cherry IV to us. This decision was a testament to our unwavering commitment to excellence and the trust we had built over the years.
Today, we are proud to administer all of Cherry Ventures’ flagship funds. Our journey has been marked by mutual trust, resilience, and a shared commitment to excellence.
As we look to the future, we remain dedicated to supporting Cherry Ventures in their mission to drive innovation and growth in the venture capital landscape.
