The Verified Metrics story

Private markets still run on unverified numbers

Analyst reviewing financial statements
Valuation dashboard
New York skyline
Hong Kong skyline

Management decks summarize the ledger. Marks go stale between board meetings. Models get reviewed by reading the outputs, not the formulas. Everyone in the industry knows this, and everyone has learned to live with it, because checking everything used to take more people than any fund could spare.

We started Verified Metrics because that stopped being true. Software can now collect financials straight from ERPs and banks, recompute entire models cell by cell, and keep portfolio data live between quarters. What it can't do is exercise judgment, defend a mark to an auditor, or tell you which finding changes the deal. So we built a firm that does both: practitioners who have sat on the buy side, working on infrastructure we engineered ourselves.

Today PE, growth equity, and private credit firms use Verified Metrics to gather data, underwrite deals, mark portfolios, and produce LP reports for more than $30 billion of assets annually.

2,000+

Companies Verified

>90%

Client retention

>$30bn

Assets supported

Boardroom

How we work

The principles that govern how we scope engagements, staff them, and stand behind the findings.

Verified means verified.

We don't pass along a number we haven't tied to source. If it's in our report, it reconciles to a ledger, a bank statement, or a stated assumption you can challenge.

Independent, structurally.

No audit relationships to protect, no success fees on deals closing. We're paid for accurate findings, which is the only way findings stay accurate.

Senior work only.

The person on the kickoff call writes the report. Nothing is handed down to a pool and reassembled with a logo on it.

Deadlines are the job.

Audit fieldwork, IC dates, closings: this industry runs on dates that don't move. We scope to the date and staff to hit it.

Plain terms.

Findings ranked by what they're worth, written so a partner can act on them. No hedging, no 400-item appendix pretending to be analysis.

Clients keep the keys.

Models, data, and process documentation belong to you. We'd rather earn next year's engagement than make this year's impossible to leave.

The people who do the work

Verified Metrics was founded by people who have sat on the buy side, run credit desks, and built the infrastructure themselves. The person on the kickoff call is the person who does the work.

Ray Wyand

Ray Wyand

Founder & CEO

Seven years in Citi's Global Credit Trading desk in Hong Kong, analyst to vice president, structuring and syndicating credit for institutional investors, twice rated a top analyst in Citi Asia Markets. Ray runs VM on a credit-desk instinct: never trust a number you haven't tied back to source. King's College London (London).

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Victor Lang

Victor Lang

Founder and CRO

Sixteen years on the buy side and in the operator's chair. More than 40 company investments and 100-plus real-estate assets across the US and Asia, including businesses exited to NASDAQ- and HKEX-listed acquirers. Managing Partner at CV Ventures. Victor has sat on both sides of the diligence table, which is why VM is built around the questions investors actually ask. DePaul University (Chicago).

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Ricardo Mota

Ricardo Mota

Founder & CTO

An aerospace engineer turned software architect. He ran senior engineering at ExpressVPN before building VM's technology. Ricardo builds the infrastructure that lets senior practitioners examine every transaction instead of a sample: source-connected data, full-population analysis, audit-grade traceability. Instituto Superior Técnico (Lisbon). AWS Certified Solutions Architect, Professional.

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Ann Tang

Ann Tang, CPA, CFA

Head of Financial Analysis

A career in audit and valuation at a Big Four firm before Verified Metrics, where she leads the financial analysis behind every engagement. Ann does the modeling that turns source data into marks and reports investors can defend, with a focus on automating the valuation work behind private-market portfolios. Iowa State University (Ames, Iowa) and The Chinese University of Hong Kong (Hong Kong).

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