Leading growth stage venture capital firm outsources fund administration to drive operational efficiencies
WEST ORANGE, NJ (January 24, 2018)—PEF Services, a leading fund administrator for Alternative Investment Managers, today announced that G Squared, a leading growth venture capital firm focused on investing in the world’s leading venture backed companies, has selected PEF Services to support the growing demands of their fund administration accounting, regulatory, and investor reporting requirements.
G Squared partners with world-class entrepreneurs tackling big problems by investing in businesses throughout their life cycle as performance is strong, a fundamentally different approach than a classical early-, mid-, or late-stage venture capital firm.
“PEF has an excellent reputation in the market for providing clients with exceptional service supported by deep industry knowledge and a robust technology platform,” commented Luis Rivera, Chief Financial Officer of G Squared. “We selected PEF Services to help support the launch and management of our new fund, enabling us to focus on expanding strategic, high-value initiatives like deal sourcing, portfolio management, and fundraising.”
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 ongoing commitment and investment in providing best-in-class technologies and a full spectrum of services enables us to meet and exceed client expectations,” said Hank Boggio, Chief Revenue Officer of PEF Services. ”We’re delighted to welcome G Squared to our family of clients to help them manage their fund, achieve greater efficiencies, provide superior service to their investors and scale their operations.”
About G Squared
G Squared was founded on the fundamental belief that venture backed companies were staying private longer. As a result, firms would need both transitional capital, helping to provide liquidity to early shareholders, ex-employees, current employees, etc., and primary capital to continue their growth trajectory. Today, G Squared focuses on investing in companies that are or have the potential to be the global leaders in six megatrends (Cloud Computing and Big Data, Marketplaces, Mobility 2.0, New Age Media, Social Mobile, and Sustainability). For more information, please visit www.gsquared.com.
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 test.pefservices.com.