Leading investment firm outsources fund administration to support fund operations and drive growth
WEST ORANGE, NJ (February 26, 2019)— PEF Services LLC (“PEF”), a leading fund administrator for alternative investment managers, today announced the release of a new client case study that highlights the success of First Capital Partners, a private investment firm, in using PEF’s fund administration services. PEF Services has provided fund administration services to First Capital Partners since 2011, supported by PEF’s experienced team and leading-edge fund accounting platform.
To download a copy of the study, click here: First Capital Partners Focuses on Strategy.
First Capital Partners, based in Omaha, provides junior capital solutions to privately owned companies in the lower middle market. After successfully investing as a wholly owned subsidiary of First National of Nebraska for five years and proving out its business model, First Capital Partners was ready to spin out and raise their first Small Business Investment Company (SBIC) fund in 2011. After launching its inaugural fund, the firm recognized that they needed outside expertise to guide them through the process of administering the fund as well as meeting the reporting requirements of the Small Business Administration (SBA).
“Working with PEF has allowed me to trust that I can hand over fund administration to someone who knows exactly what to do,” explained Andy Kemp, Managing Director of First Capital Partners. “They’re taking care of everything and delivering back to me comprehensive financial reports and SBA reporting, so I don’t have to worry about the day-to-day.”
PEF 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. PEF’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 supports our clients with a complete range of services, best-in-class technologies and industry expertise,” said Beth Manzi, Chief Operating Officer of PEF Services. “We are delighted to serve First Capital Partners as a client since joining PEF in 2011. We look forward to helping them to continue to achieve greater efficiencies while they focus on deal origination and investment management.”
This case study is one of ten published case studies highlighting client growth and success supported by PEF’s fund administration services.
About First Capital Partners
First Capital Partners provides junior capital solutions to privately-owned companies in the lower middle market. With more than 120 years of combined investing experience, the firm focuses on developing tailored solutions to the needs of its business partners. The firm’s investments range from providing mezzanine debt to investing both debt and equity (minority or majority) in support of management teams, private equity firms, independent sponsors and individual investors. First Capital Partners was founded in 2006 and has offices in Omaha and Chicago.
About PEF Services LLC
PEF Services is the new standard in providing high-value, high-touch Fund Administration services and technology solutions that elevate operational performance to drive and support sustainable growth. Supported by senior professionals with extensive experience in alternative investments, PEF has a 17-year track record of delivering cost-effective, best-in-class solutions to Funds and General Partnerships, including Buyout, Venture, Emerging Managers, Real Estate, Debt, Fund of Funds, Co-investment, SPVs and SBIC. Additionally, the firm’s LP Administration Solutions Group 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 test.pefservices.com.