VC10X - What VCs Should Look for in a Fund Administrator - Shalin Madan, Co-founder, Formidium

Feb 17, 2026

34:05

forum

Ask episode

view_agenda

Chapters

auto_awesome

Transcript

info_circle

Episode notes

What should VCs actually look for in a fund administration partner?

In this episode of VC10X, we sit down with Shalin Madan, Co-Founder of Formidium - a global fund administration platform supporting venture capital, private equity, hedge funds, and alternative asset managers with over $33B+ in assets under administration.

We go beyond the surface-level checklist and unpack what truly matters when selecting a fund administrator - especially for emerging managers.

⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com

Topics covered:

• The most overlooked due diligence question when choosing a fund admin

• Why business model sustainability matters more than branding

• How technology reflects internal discipline (and why “banning Excel” matters)

• The hidden costs of managing operations in-house

• Why durability is becoming more important than performance

• How LP scrutiny is evolving

• Why many funds and companies may not survive the next few years

Infrastructure is no longer back office — it’s strategy.

If you're building a fund designed to last 10+ years, this episode will change how you think about operations, risk, and long-term durability.