Leading private equity investment firm outsources fund administration
WEST ORANGE, NJ (February 27, 2018)—PEF Services, a leading fund administrator for Alternative Investment Managers, announced today the signing of a new client, Baum Capital Partners (“BCP”), a private investment firm that provides equity capital and strategic resources in support of dynamic companies in the lower middle market. PEF Services will provide operational and fund administration services to BCP supported by PEF’s experienced team, leading-edge fund accounting platform and investor portal.
Working in close partnership with entrepreneurs and managers, BCP invests in technology-enabled and service-based businesses with exceptional prospects for growth. Baum Capital Partners (www.baumpartners.com) focuses on opportunities in which a financial partner is being sought to solve a corporate or ownership need, including investments to support growth, facilitate ownership transitions or enable management-backed recapitalizations.
“BCP elected to outsource fund administration to allow us to focus more completely on our investment activities,” said Chris Hanson, Partner of Baum Capital Partners. “We selected PEF Services because of its knowledgeable client services team, robust technology platform, and strong reputation within the market.”
PEF Services is nationally recognized as one of the top boutique fund administrators and back-office specialists for both General Partners and Limited Partners in the alternative asset space. The firm’s services include partnership accounting, financial reporting, capital call and distribution processing, investor capital account maintenance, audit and tax return support, and coordinated fulfillment of all investor deliverables.
“PEF’s extensive fund administration experience together with our wide array of services and best-in-class technologies uniquely positions us to meet and exceed client expectations,” said Hank Boggio, Chief Revenue Officer of PEF Services. “We’re delighted to welcome Baum Capital Partners to our family of clients to help them achieve greater efficiencies, scale their operations and provide exceptional service to their investors.”
About PEF Services LLC
PEF Services provides high-value, high-touch Fund Administration solutions supported by senior professionals with extensive experience in alternative investments. PEF has a 15-year track record of delivering cost-effective solutions to Funds and General Partnerships, including Buyout, Venture, Real Estate, Special Purpose Vehicles, Mezzanine, Credit, SBIC and Fund of Funds. The firm’s LP Administration Solutions Group (LPAS) focuses solely on meeting the unique administration and data needs of limited partners investing in illiquid alternative assets. In partnering with PEF, firms increase operational efficiency, reduce and control operating costs, improve focus on core capabilities, and gain access to experts in private capital back office operations. For more information please visit www.pefservices.com.