Preferred Return (Acquired by Carta)

Preferred Return, Inc. was a service provider offering fund administration, accounting, and reporting services tailored for venture capital and private equity funds. Founded to simplify the complex back-office operations for investment managers, the company established itself as a trusted partner in the private market ecosystem. In 2017, Preferred Return was acquired by Carta (formerly eShares), a leading equity management and ownership platform. The acquisition allowed Carta to expand its services beyond capitalization table management and 409A valuations to include a comprehensive fund administration solution, creating an integrated platform for companies, investors, and fund managers. Today, the services and expertise of Preferred Return are a core part of Carta's Fund Administration business.