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Richard Change
Co-founder and CEO of PFA Solutions, a software company providing carry and compensation management for private equity firms. Successfully bootstrapped the company before its acquisition by Allvue Systems.
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Feb 21, 2025
• 1h 10min
#132: Bootstrapper Serving Private Equity Firms Acquired by PE-Backed Strategic – Richard Change
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Richard Change, co-founder and CEO of PFA Solutions, shares his inspiring journey of bootstrapping a software company that revolutionized carry and compensation management for private equity firms. He discusses the complexities of private equity integration post-acquisition and reflects on key operational changes. Richard emphasizes the shift from consulting to SaaS, illustrating how trust and credibility were crucial in navigating the private equity landscape. The conversation highlights the importance of strategic support beyond funding and the challenges of maintaining independence in a larger organization.
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