Making hedge funds easy to create and operate.
Repool is building modern backoffice infrastructure for hedge funds. US hedge funds account for $3.5T of assets but rely upon antiquated services and technology from fractured service providers, and there's an enormous opportunity to challenge longstanding incumbents and gain significant market share using technology to deliver superior client experience and internal workflow.
Founded in 2021, Repool is a YC S21 with over $6M in funding from top firms like Canaan, Matrix, and Uncorrelated, as well as angel investors including founders from unicorns like Brex, Jeeves, Mercury, Flexport, Outschool, Pilot, and Forge.
The team currently has 8 employees. This role will be in-person approximately 3 to 4 days a week in NYC.
We're hiring for an experienced professional with experience at an existing fund administration or fund services incumbent (Citco, State Street, Opus, NAV), or who has been part of an in-house fund admin practice group (Citadel, Millenium, etc internal admin) from either or both the accounting or business side to lead the GTM and partnerships initiatives of Repool, particularly with respect to fund administration, a new Repool product line.
You'll work closely with the founders to help us develop our fund admin platform strategically while acquiring new business from existing hedge funds; we're looking to bring on our first mid-sized advisers ($50-250m AUM) as clients and to build mutually beneficial channel/partnership relationships with other fund services players, and you'll spearhead those initiatives.
You'll represent Repool at events across the country and in New York City, run full cycle sales, foster long-term relationships with other fund services players and with funds, and help us build our reputation as a major fund administration player.
WHAT YOU'LL DO HERE
THE RIGHT CANDIDATE WILL HAVE:
Despite being an early stage startup, you'll find that we provide benefits better than most startups at our stage. We don't want joining early to mean critical concessions in security or your well being.
WHAT'S IMPORTANT TO US:
Repool is building modern hedge fund infrastructure. We make it extremely easy and fast to launch and operate hedge funds, like Carta/Angellist for hedge funds.
We're attacking the legacy fund services space, which is a multi-dozen-billion dollar industry, yet comprised almost entirely by antiquated, manual-workflow heavy incumbents with human-capital intensive workflow. There's an immense opportunity for disruption as a true first-mover (see Angellist's $4B valuation doing something very similar with venture) that's incredibly exciting, and investors agree - just two months after being founded, we raised $3.7M in our Seed round from top investors like Canaan, Matrix, and Global Founders Capital, with angel investors like the founders of Brex, Mercury, Jeeves, and Forge.
Repool is an extremely transparent company with a focus on making sure we provide a transformative career experience for our employees - regardless of our own growth trajectory. We care deeply about avoiding common startup pitfalls and building a strong, reasonable, and formidable culture that helps employees with their next step, whether that be in 2 years or 10 years, and whether that be as a manager or IC. We also think that we are - given the space we're in - taking on some truly novel fintech and regtech challenges that are intellectually interesting no matter where you sit in the org.
At Repool, you'll closely with two founders who have robust prior operating experience at extremely successful growth startups. Justin was a senior and early engineer at Brex, where he was known for being an exceptional project manager and particularly strong at solving complex regulatory challenges via engineering. Kevin was the Head of Revenue and employee #4 at Vitally, where he lead the team to a Series A from a16z.
Come join us! Or, at least, think about joining us :)