Access Private Capital, the private equity arm of Berkeley Capital
Partners, announced today the closing of the latest investment from its
private lending fund. Access Private Capital provided a $1.1 million
facility to fund the continued growth of Atlanta-based Vital4, a cloud
software company that offers a globally accessible data search and due
Vital4’s compliance technology solutions are driven by Artificial
Intelligence and Machine Learning to deliver the most accurate data
protecting against financial crimes, terrorism, bribery and corruption.
Vital4 is the first solution in the world to approach due diligence and
background screening supporting Anti-Money Laundering, Know Your
Customer (AML/KYC), FCPA (Foreign Corrupt Practices Act), UK Bribery
Act, FCRA (Fair Credit Reporting Act) and Healthcare sanctions and
licensing compliance. Organizations across the globe use the Vital4
platform as a solution that mitigates risk across their enterprise.
“From the beginning, we were very impressed with Vital4’s positioning in
the due diligence market. Their use of AI-driven automation and product
knowledge offer a clear growth trajectory from an already impressive
base of business,” said Tony Palazzo, President of Access Private
Capital. “This ended up being more than a business transaction. It was a
chance for our fund and its investors to be a part of something we
believe will be a true disruptor in this industry.”
Kristin Stafford, Vital4’s Co-founder and CEO, commented, “Access
Private Capital was the right partner at the right time to help
facilitate our next phase of growth. The firm was able to jump in, learn
our business, see the opportunity and move quickly to tailor an ideal
financing solution. The structure was a refreshing alternative to other
avenues we explored.”
ABOUT ACCESS PRIVATE CAPITAL
Access Private Capital is the private equity arm of Berkeley Capital
Partners, a Registered Investment Advisory firm located in Atlanta,
Georgia with more than $550 million1 assets under management.
Currently, Access Private Capital oversees more than $30 million in
private equity investments, including its own private lending fund
launched in April of 2018. Central to Access Private Capital’s mission
is a commitment to expanding access to quality private market investment
opportunities by offering lower costs and smaller minimums than those
found at most private equity firms.
Vital4 provides global screening solutions to help organizations
maintain regulatory compliance and mitigate third party risk. As a cloud
software platform made fast and powerful by proprietary machine learning
technology, Vital4 was developed to bring the agility of SaaS services
to enterprise compliance regimes and eliminate slow update cycles,
shallow source pools and the human error risks of manual legacy
Vital4 was built with four fundamental concepts in mind: compliance,
accuracy, global insight and value.
1As of May 1, 2019.