Partnership Accelerates Product Innovation and Continued Growth in Donor-Advised Fund Technology

Great Hill Partners (“Great Hill”), a private equity firm that invests in high-growth, disruptive companies, today announced a strategic growth investment in Ren, Inc. (“Ren” or the “Company”), the leading provider of donor-advised fund (DAF) technology and philanthropic solutions. The investment will enable Ren to accelerate its product roadmap, scale its operations, and further expand its reach across financial advisors, wealth management firms, and philanthropic institutions. Financial terms of the transaction were not disclosed.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251028702541/en/

Ren powers more than 150 DAF programs nationwide, supporting over $175 billion in charitable funding, representing roughly half of all U.S. donor-advised fund assets. Each year, Ren’s platform facilitates billions of dollars in charitable giving to hundreds of thousands of nonprofit organizations. With nearly 40 years of experience, Ren’s modern platform streamlines complex workflows, strengthens donor engagement, and delivers seamless integration across financial services and philanthropic channels.

“Ren has established itself as a clear market leader at the intersection of fintech and philanthropy,” said Nick Cayer, a Managing Director at Great Hill. “The convergence of wealth management and charitable giving represents a massive and rapidly growing opportunity for transformation. We believe Ren is uniquely positioned to lead this evolution with strategic vision, deep expertise, and best-in-class technology that powers many of the nation’s top DAF programs and administers hundreds of billions in assets. We’re excited to support the team through this next phase of growth.”

“Ren was founded on the idea that giving should be seamless, strategic, and central to people’s financial lives,” said Joe Fisher, CEO of Ren. “As donor-advised funds and other philanthropic vehicles become an increasingly vital part of wealth management, we see a tremendous opportunity – and responsibility – to modernize the charitable giving experience for everyone involved. Great Hill’s investment, combined with their deep expertise in scaling software-driven platforms, will help us shape the future of philanthropy and deliver even more value to donors, advisors, and institutions.”

Ren’s existing leadership team, including CEO Joe Fisher, will continue to lead the Company. Great Hill will partner closely with management and existing board members, to build on Ren’s momentum and advance its mission of making philanthropy more accessible, intelligent, and impactful.

In conjunction with this investment, Great Hill’s Nick Cayer, Matt Vettel, and Bob Anderson will join Ren’s existing board alongside current board members from Bain Capital, Valeas Capital, and Amy Danforth, former President of Fidelity Charitable.

"Since our initial investment, Ren has demonstrated extraordinary growth, consistently scaling its market leadership and innovating at the intersection of fintech, payments, and philanthropy,” said Scott Kirk, a Partner at Bain Capital Tech Opportunities. “We’re excited to build upon the Company’s strong momentum with Great Hill, delivering transformative technology that democratizes donor-advised funds and supports strategic giving at unprecedented scale."

Bain Capital’s Tech Opportunities team acquired a majority stake in Ren in 2023 and will remain a significant shareholder continuing to support the Company’s strategic vision and growth initiatives alongside Great Hill.

Great Hill was advised by Houlihan Lokey, who served as financial advisor, and Goodwin Procter LLP, who served as legal counsel.

About Ren, Inc.

Ren is a technology and services company focused on enabling charitable giving at scale. Ren supports donors of all gift sizes, financial advisors, financial institutions, and charities with scalable, modern giving infrastructure for donor-advised funds, charitable trusts, and more. Backed by nearly 40 years of experience, Ren’s platform supports donor workflows, tax and regulatory management, and program operations. Ren currently powers over 150 DAF programs, representing a significant share of U.S. charitable assets. For more, visit www.reninc.com.

About Great Hill Partners

Founded in 1998, Great Hill Partners is a private equity firm targeting investments of $100 million to $750 million in high-growth companies across the software, financial services, healthcare, consumer, and business services sectors. With offices in Boston and London, Great Hill has raised funds with over $19 billion in commitments and invested in more than 100 companies since 1998, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. Great Hill has been recognized for its industry leadership, ranking in the top five of HEC Paris-Dow Jones' Mid-Market and Large Buyout Performance Ranking lists consecutively for the four most recent years published (2021–2024). For more information, including a list of all Great Hill investments, please visit www.greathillpartners.com.

Disclaimer: Great Hill Partners did not provide any compensation to HEC Paris-Dow Jones to be considered for any of these rankings.

About Bain Capital

Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

View source version on businesswire.com: https://www.businesswire.com/news/home/20251028702541/en/