Carta

From the streets of San Francisco to the pages of The Wall Street Journal, The New Standard in Fund Administration is here. And we’re over the moon about it all 🤸♂️ Our team’s been out celebrating The New Standard campaign around the city 📷 Here’s to redefining the role of the Fund CFO and setting the bar higher for private fund management 👏

✨ Building Connections for Women in Private Equity ✨ We had the pleasure of hosting an afternoon lunch for women in private equity across the Bay Area. Over great food at Cotogna, attendees from nine PE firms joined Carta CMO Nicole Baer and our PE team to share experiences, build community, and discuss the future of the industry. Senior Policy Counsel Holli Heiles Pandol offered insight into how the 2024 elections may impact private markets, bringing years of Capitol Hill and SEC experience to the table. Private equity deserves fresh approaches to traditional challenges, and Carta is here to help streamline and bring transparency to the field. We're proud to build opportunities and connections for women in PE—helping the industry grow stronger together.

Don’t let it spook you, but employee ownership at PE-backed companies is creeping along more slowly these days. From 2019 to 2022, the number of new employee stakeholders rose each year. Things changed in 2023 and H1 2024, however, after a significant deceleration in private equity deal volume. Fewer companies getting acquired by PE has meant that fewer new equity grants have been issued by PE-backed companies. The number of new employee stakeholders in 2023 was 17,494—a 35% decrease in comparison to 2019. Despite the slow down in growth, more stakeholders than ever are receiving ownership interests from PE-backed businesses on Carta. As of Q2 2024, over 382,000 stakeholders across Carta’s 2,700-plus PE-backed businesses had received ownership interests of some kind. This figure has effectively doubled in the four years since Q2 2020 as a result of both Carta’s growing market share and a rise in the issuance of interests. So, while PE-backed companies are creating more employee owners, it’s at a much slower rate than before. For more, check out our recent report on private equity ownership trends. Link in comments. #EmployeeOwnership #PrivateEquity #PEtrends #CartaData

Tech Week Tales: From Sun Salutations to Startup Celebrations 🌞🚀 Last week, we went from sunrise stretches to sunset celebrations across SF and LA Tech Weeks! Here’s how we kept the innovation (and conversations) flowing: 🗓️ SF Tech Week Highlights:   🍽️ Fueling innovation at our Deel x Carta CFO Breakfast with TECH WEEK by a16z — where founders and financiers swapped more than just coffee tips.   🧘♀️ Wellness Wind Down with JourneyOne Ventures & Helene Servillon 🇵🇭 — Namaste meets innovate with yoga, cold plunges, and serious chill vibes.   🍻 VCFamilia Hispanic Heritage Month Happy Hour with BLCK VC — where the only thing smoother than the drinks were the conversations about representation in tech! 🗓️ LA Tech Week Highlights:   🍳 Female Founders + Funders Breakfast with Orrick, Herrington & Sutcliffe LLP, Brydge Club & The Artemis Fund — because when trailblazing women gather, disruption is always on the menu.   🍽️ Private GP + LP Dinner in Malibu with Reitler Law — sharing ocean views, strategy, and stories with industry heavyweights.   🎉 Mantis VC & Lightspeed Venture Partners Closeout Event — wrapping up the week with a bang, with great food, even better company, and an unforgettable group photo! 📸 We laughed, we learned, and we leveled up. Can’t wait to see where the next Tech Week takes us! #SFTechWeek #LATechWeek #CartaCommunity #Founders #VC

As we approach 2025, companies are facing leaner operations, slower hiring, and declining equity packages compared to previous years. How can organizations stay competitive in this changing landscape and continue to attract top talent? Join Josh Steinfeld, compensation expert at Carta, and industry leader Darcy Mackay, SVP of People at Rippling on Wednesday, October 30 at 10am PT / 1pm ET as they dive into all things compensation. Josh and Darcy will cover the outlook for hiring, effective planning strategies, key changes in compensation, and how to best leverage market data. Register now to get ahead in your compensation planning for 2025 -> https://lnkd.in/gPpWXRTa

At Carta, developing a deliberate hiring playbook has been essential to scaling our team while staying true to our values. With a structured framework in place, we make sure every new hire is aligned with our mission, even as we grow quickly. It’s not just about finding talent—it’s about creating long-term success. Our playbook ensures consistency across the board, helping us stay efficient and focused while building teams that truly fit our culture. Want to build your own hiring playbook? Hear more from Henry Ward on the Ashby #OfferAccepted podcast with host Shannon Ogborn. Link in comments. #LifeatCarta #Hiring #Recruitment

🔍 Dive into the world of private equity with our latest article on PE fund structures! 🏦 Written in collaboration with leading private funds attorneys Kristine M. Koren and Sarah Borden from Weil, Gotshal & Manges LLP, explore how limited partnerships form the backbone of PE firms, the roles of general and limited partners, and the legal and tax implications of these arrangements. Gain insight into how PE funds are structured to efficiently acquire, manage, and divest company stakes, leveraging fund managers' expertise to maximize investor returns. Ready to enhance your understanding of private equity funds? Check it out! 📈 🔗 Read more https://lnkd.in/d7dhG7su #PrivateEquity #FundStructures #InvestmentManagement #PrivateEquityInsights

With the growing popularity of GP-led liquidity solutions presenting intriguing opportunities for venture capital firms, join partners John Kelley and Javad Mostofizadeh, and Peter Walker, Head of Insights at Carta, on October 29 for a discussion on the complexities of these liquidity solutions for VC firms seeking to manage out their vintage funds. Register: https://lw.link/u9tKDO

Meet Nathália Garcia, a enablement content specialist at Carta 🤝 When she’s not assisting Carta’s law firm partners with client requests, Nathália is reading anything she can get her hands on. Besides reading novels, Nathália has been putting together a collection of art, photography and architecture books which is why she’s been loving Carta’s book reimbursement policy. “‘Travels with Epicurus: A Journey to a Greek Island in Search of a Fulfilled Life’ by Daniel Klein is a book about a man who decides to discover the secrets of aging after a mundane visit to his dentist. I’d recommend this book to anyone who is seeking to find the beauty in life through the connections we make and not the material possessions we own. For me, this book put into perspective that in order to live a full life, we don’t need a lot and I hope others who read it will be able to resonate with this lesson, too.” Carta’s book reimbursement policy allows Cartans to consume books of all forms and topics, and fully reimburses their cost. 📚 #LifeAtCarta #BookClub #BookRecommendation

What exactly does a fund CFO do? Working in tandem with GPs, fund CFOs are responsible for just about everything outside of investing—and finding the right one is often crucial for success. Join Peter Walker (Head of Insights at Carta) and Marie D. (venture capital CFO Marie Drez) in the latest episode of The Data Minute as they cover: ➡ the specificities of the fund CFO role ➡ why emerging managers should be making room in their budgets for one ➡ how Carta’s Fund Formation product can help They’ll also dive into Marie’s own experiences, including important takeaways from the SVB crisis and why, in the world of AI, great CFOs are more important than ever. Listen now for more insights 🎧