Allvue Systems, LLC, a firm focused on alternative investment solutions, has acquired PFA Solutions LLC, a provider of compensation and carried interest software solutions for firms across private equity, private debt and venture capital.
PFA’s product, FirmView, combined with Allvue’s platform, will now aim to help CFOs and finance teams streamline fund operations as well as accounting workflows.
The combined power of the platforms will now enable alternative investors to make better investment decisions and simplify operations.
The acquisition strengthens Allvue’s position as a software platform for alternative investments.
Allvue gains industry and tech expertise with the addition of PFA’s team.
Notably, PFA’s Co-founder and Managing Partner Richard Change has led PFA for over 12 years.
Before co-founding PFA Solutions, Richard was reportedly working as the Chief Application Architect at The Carlyle Group.
He reportedly has more than 20 years of tech experience, with expertise in the following areas: fund operations, performance management, carry, and co-investment in Private Capital markets.
According to Allvue’s 2025 GP Outlook Report, 88% of GPs flagged data and analytics as important, and 66% said “data, accuracy, consistency and aggregation were top challenges.”
By combining forces, Allvue and PFA are positioned to help firms “solve these key challenges.”
The company stated:
“Allvue and PFA share a unified vision of empowering our clients to concentrate on their core competency – investing. Achieving scalable growth in the areas of private equity, venture capital, and private debt is becoming increasingly challenging in today’s complex market landscape. By integrating advanced technology with extensive industry expertise, we deliver solutions that enable firms to optimize operational performance, enhance strategic decision-making, and seize new growth opportunities.”
The addition of PFA Solutions’ capabilities to Allvue’s alternative investment software platform delivers the tools to:
- Streamline Carried Interest and Compensation: Manage complex carry and compensation structures with greater efficiency and eliminate reliance on error-prone spreadsheets
- Optimize Compensation, Planning and Recommendations: Transform the compensation cycle by digitizing the review and approval process and automating compliance with compensation guidelines
With $7 trillion in client AUM tracked on Allvue’s platform, and $1 trillion in AUM tracked through PFA’s, the acquisition underscores the firms combined vision to “deliver solutions that drive value across the alternative investment ecosystem and signals Allvue’s commitment to innovation.”
Allvue continues to expand technical capabilities and invest in people, products, and processes to “support an expanding customer base.”
Allvue Systems’ acquisition of PFA marks a milestone in the evolution of its technology offerings and underscores its commitment to delivering solutions in the alternative investment industry.
By integrating PFA’s platform, Allvue is expanding its capabilities.
Janney Montgomery Scott, LLC was a buy side advisor on this transaction.
Established in 2019, Allvue Systems provides tech solutions for the alternatives market, empowering investment decisions with “modern software across multiple asset classes.”
Allvue is headquartered in Miami and it is reportedly backed by Vista Equity Partners.