WEST ORANGE, NJ (July 12, 2017)—PEF Services, a leading fund administrator for Alternative Investment Managers, today announced the endorsement of the Institutional Limited Partners Association (ILPA) Reporting Template for reporting fees, expenses and carried interest.  ILPA’s fee transparency initiative establishes consistent standards for fee reporting and compliance among private equity investors, fund managers and their advisors.

PEF Services recognizes the need for transparency and standardization in reporting for General Partners (GP) who need to provide their Limited Partners (LP) with accurate and timely ILPA-compliant data, resulting in greater operational efficiency and a reduced amount of LP specific requests that are outside the standard reporting process. Additionally, PEF provides its LP clients with technology solutions and private equity-specific accounting, reporting and expertise needed to transform the additional data available with the use of ILPA templates into meaningful analytics and advanced reporting. PEF Services provides automation of both the production and processing of ILPA templates for GP and LP clients, respectively.

With more than 400 member institutions representing over US$1 trillion of invested capital, ILPA is the only global organization dedicated exclusively to advancing the interests of LPs and their beneficiaries through best-in-class education, research, advocacy and networking.

“By endorsing the ILPA Reporting Template, PEF Services is supporting the private equity industry’s movement to make reporting more transparent and more efficient,” said Jennifer Choi, Managing Director of Industry Affairs for ILPA. “We commend PEF Services for their commitment to a reporting process that better serves all parties within the PE ecosystem.”

“Investors and investment boards are more sophisticated, and demands for standardized, transparent compliance reporting are more onerous. Access to advanced analytics is critical to monitoring investments while gaining insights into better investment opportunities,” said Shay Caufield, Executive Vice President of PEF Services. “PEF helps our clients gain stronger control over their environment to improve transparency and standardization with access to best-in-class technologies and a full spectrum of senior-level expertise.”

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.

Press Contact
Laura Hills
VP, Marketing
PEF Services
212.203.4685 x180