Silicon Valley-based Institutional Venture Partners (IVP) has hired a controller, Christopher Esqueda, to work with chief financial officer Melanie Chladek.
Esqueda comes from asset management technology firm PS’Soft, where he was the controller. Before, he was the controller at BenefitPoint and business management software maker Liquid Software. He began his career as a senior accountant at Ernst & Young.
Esqueda will manage the audit and tax reporting responsibilities and handle all fund accounting. He will help to ensure that financial controls evolve to keep up with “ever increasing reporting standards”, the firm said in a statement.
The 28-year-old firm is building up its back office as its assets under management continue to grow. IVP currently has seven active funds under management currently and $2.2 billion of committed capital.
IVP also brought on an investor relations professional, Gina Bauman, to look after the needs of a growing and increasingly diverse investor base.