Ils utilisent Vasco : Teampact Ventures

Teampact Ventures Overview

Teampact Ventures is an investment company that brings together top athletes, entrepreneurs and investors to support companies driven by a mission that will contribute positively to the world of tomorrow.

The company focuses its activity on impact investments, particularly in the field of climate and health (including companies such as Alan, Murfy, Wandercraft). It supports these companies with tools and practices inspired by top-level sport.

Key challenges for Teampact Ventures

After making its first investments in deal-by-deal, Teampact is in the process of raising a first fund with a target size of €50M from professional and institutional investors. In this context, it must ensure the fluidity of its subscription process: from the presentation of the fund to its potential LPs, to the management of calls for funds, record keeping, and reporting.

Teampact must also ensure the transversality of the tools put in place to manage in a harmonized manner the club-deals it administers in addition to its fund.

Before using Vasco, the company had built internal tools on Excel/Airtable but quickly faced the limitations of these systems (limited perimeter, not centralized, insufficient security).

Gain operational efficiency

“When you raise a first-time-fund, you want to focus on presenting your investment thesis and the roadshow to potential LPs. Therefore, all the part related to the subscription itself — KYC, subscription, securities movements, calls for funds, etc. — must be as industrialized as possible.

We use Vasco to simplify all this dimension: once the interest of an investor is validated, the subscription is quick and smooth. We have a real-time vision of the progress of the lifting. Once the subscription is finalized, all the information is gathered in one place and accessible to all stakeholders: LPs, GPs, custodian, and CGP distributors.”

“Having an integral management platform for our value chain, which works with our club-deals as well as with our fund, allows us to simplify administration issues, improve the investor experience, and ensure that we have access to reliable and up-to-date data at all times.”

Manage club-deals and OPC in the same tool

“One of the particularities of our model is that we invest both in deal-by-deal and through our fund. This allows us to be agile and to seize rare opportunities for our investors. On the other hand, it complicates administration issues since we have to manage SAS, whose functioning is different from that of OPCs.

We chose Vasco for its multi-asset, multi-vehicle nature. We thus manage our SAS, regardless of the instruments issued, and hold our AGMs in a few clicks. And through the same tool, we have access to the administration of our fund. For our investors, the advantage is not the least: all their reports and exchanges with our teams are centralized in the same space.”

Ensuring data reliability

“An essential point in our business is the quality and accessibility of the data, whether it is a question of monitoring the outstanding amount, modeling performance, or calculating regulatory ratios; it is crucial to have reliable data at all times in order to be able to monitor your activity and make the right decisions.

The use of a digital tool makes it possible to rely on proven and unalterable calculation rules. By operating on spreadsheets, as powerful as they are, we realize that it is still necessary to check several times the formulas and source data that make it possible to arrive at a given result. Beyond the fact that it is very time-consuming, it is also a practice that can be a source of error.”