Ross Mechanic

cofounder/ceo @maybern_. prev EIR @humandotcapital, staff engineer @cadreRE. @penn grad.

[Battery Ventures @BatteryVentures]

Over the last two decades, alternative investments — private equity, venture capital and real estate — have grown from $1T to nearly $16T in AUM.

Along with that growth has come enormous operational complexity for fund accounting teams: more strategies, more fund structures and far more intricate rules for calculating performance, fees and distributions.

For years, Excel has been the backbone of this work but as funds scale, its limitations become clear. Spreadsheets multiply, errors compound and firms risk institutional knowledge walking out the door with each departing employee.

As Battery General Partner Marcus Ryu shared with The Wall Street Journal, it is “a very unusual situation… where you have a huge industry doing something of very high stakes, but essentially without really high-quality enterprise software.”

That gap is exactly what @maybern_ set out to close. Founded by @rossmechanic and Ashwin Raghu, Maybern is reimagining how private market funds operate by replacing spreadsheets with a single, auditable system that automates, verifies and explains every calculation from start to finish.

In just 18 months, Maybern has become a trusted partner to some of the largest funds in the alternatives space. We��re excited to lead the company’s $50M Series B and to support a team building the financial infrastructure private markets have long needed.

More on why we invested: https://t.co/a3DmFTX5Ti

More from Battery GP Marcus Ryu and Maybern CEO Ross Mechanic on the market opportunity via @WSJ: https://t.co/1f2oxbS6XX

[WSJ Private Equity @WSJPE]

Battery Ventures is leading a $50 million investment for Maybern in a deal that more than triples the fintech company’s valuation as it continues to benefit from explosive growth in private markets
https://t.co/0wnMiePpKt

[Ross Mechanic @rossmechanic]

@joshephraim I have never seen management fees deducted from carry? Do you see this in venture? Sure management fees reduce the net cash going through the waterfall, but I’ve never seen them actually offset carry.

[Ross Mechanic @rossmechanic]

@emily__man Next portco is wedding planning agent?

[Ross Mechanic @rossmechanic]

@emily__man Can attest (re: your definition of real DD)

[Jason Shuman @JasonrShuman]

NYC stealing talent left and right

#LongNYC

[MetaProp @MetaPropNYC]

We are thrilled to announce our latest investment in @maybern_ alongside @PrimaryVC, @Camber_Creek, @humancapital, and more.

As private funds grow more complex, Maybern empowers the office of the modern fund CFO by unifying financial and operational fund data in a single platform.

Last week they emerged from stealth, and the most sophisticated real estate investment funds will soon run on @maybern_.

Read more from @JeffKauflin in @Forbes: https://t.co/DHuHzIwIDS

#PropTech

[Emily Man @emily__man]

Excited to finally announce our investment in @maybern_ and partnership with @rossmechanic and Ashwin Raghu to build a true OS for the private markets...

[Ross Mechanic @rossmechanic]

RT @JeffKauflin: Private equity and private credit firms have amassed more than $10 trillion in capital, but they suffer from Byzantine, le…

[Ross Mechanic @rossmechanic]

@andrew__rea @humancapital is fantastic at this

[Ross Mechanic @rossmechanic]

@JD_DeYonker @williamrfry

[Ross Mechanic @rossmechanic]

@investing_law Let's chat. I'll send you a DM. The other tools described only do the portal work.

[Ross Mechanic @rossmechanic]

@jmwass Vibes

[Ross Mechanic @rossmechanic]

@clementmiao @stevegraham @zebulgar @foundersfund @samdblond Every meeting with @clementmiao feels like 100k of advice

[Ross Mechanic @rossmechanic]

@JustJake Those aren’t floats…

[Ross Mechanic @rossmechanic]

@rhunterh We should chat. Sounds like what we're building with a focus on commingled closed-end funds. Liquidity analysis gets pretty cool as well

[Ross Mechanic @rossmechanic]

@rhunterh The good old “split-stream carry” model. The book covers it - although not in great detail.

[Ross Mechanic @rossmechanic]

@rhunterh It’s really targeted at fund accountants/fund admins. It does a good job of laying out the different complexities you might see across waterfalls and how best to model them in Excel. You could write a book 3 times as long if you really wanted to really dive into the details.

[Ross Mechanic @rossmechanic]

@Levijameshere @rhunterh @Levijameshere I’ve read all of it. We’ve got a copy in the office. It’s got good breadth (touches on a lot of the waterfall complexity that exists out there), but doesn’t go as deep on the details. Happy to chat through it.