Caruso
AI-native fund administration software for private market fund managers, trusted by 900+ funds across real estate, private credit, and private equity.
Caruso liberates fund managers from expensive, clunky legacy systems by providing modern, user-friendly tools that drive growth and efficiency. The platform helps investment professionals delight investors, raise capital, streamline operations, and mitigate risk.
Why we invested
Private fund managers running real assets, from real estate to agriculture, have long been stuck with fragmented tech stacks: disconnected CRMs, manual registries, paper-based compliance, and no single source of truth. Caruso was built from the inside out, originally developed by founders Mark Hurley and Oliver Shaw to run their own fund at Jasper, which is why it fits the problem so precisely. In a $20T alternative assets market that is digitising fast, Caruso is positioned to become the operating system private fund managers can't run without.
- GD1 lead
- Vignesh Kumar
