PFA Solutions
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
PFA Solutions was a Fairfax, Virginia fintech founded in 2013 by Richard Change (ex-Carlyle Group). It built FirmView, a SaaS platform for alternative investment firms (private equity, venture capital, private debt) covering carried-interest and compensation management, fund accounting and performance reporting. In June 2023 it took $2 million of non-dilutive funding from Cypress Growth Capital to accelerate growth.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
Richard Change co-founds PFA Solutions in Fairfax, Virginia; its flagship product is FirmView, a carried-interest and compensation management platform for private-market funds.
- Growth funding
PFA Solutions raises $2 million of non-dilutive capital from Cypress Growth Capital to expand FirmView and accelerate sales and marketing.
- Acquired by Allvue
Allvue Systems acquires PFA Solutions (announced via Business Wire); FirmView is combined with Allvue's alternative-investment platform and Richard Change's team joins Allvue.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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