Report examines whether to outsource fund administration and offers a guide to evaluating options
WEST ORANGE, NJ (October 17, 2017)—PEF Services, a leading fund administrator for Alternative Investment Managers, today announced the release of a new white paper entitled “Fund Administration Outsourcing – A Guide to Evaluating the Options and Making the Right Decision.” In this more competitive and highly-regulated private capital industry, investment firms must not only deliver strong returns to attract and retain investors, but they must also demonstrate an ability to navigate fast-changing regulatory requirements and deliver exceptional levels of service and transparency to their investors
Drawing on PEF’s extensive fund administration expertise and findings from comprehensive surveys, this white paper highlights how more General Partners (GPs) are reexamining the question of whether to outsource their fund administration or keep it in house. It covers:
• Issues to consider during the decision making process
• A list of the top selection criteria to apply to the task
• A checklist for evaluating the service offering and capabilities of fund administrators
“Market turbulence, regulatory oversight, and fierce competition for investors have prompted a new generation of GPs and their CFOs to re-examine the back-office function and find ways to strengthen, streamline, and redeploy it more effectively,” said Anne Anquillare, CEO and President, PEF Services LLC. “As fund administration has become more resource intensive and specialized, outsourced fund administration has evolved from a small, niche industry to become a mainstream service category, not just for hedge funds, but for funds of every size and type.”
For CFOs faced with the need to simultaneously manage costs, meet investor demands, and assume a more strategic role in the firm’s operations, outsourcing fund administration is an option that can’t be overlooked.
“A firm’s decision to outsource fund administration is usually motivated by five key issues: firm growth, investor demands, back-office turnover, competition for investor funding, and fund complexity,” commented Hank Boggio, Chief Revenue Officer, PEF Services LLC. “Each of these issues can put new pressure on the back office, triggering the search for an outsourced solution.”
This paper is directed to those firms that are currently managing their back office in-house. This white paper is the second in a series in support of PEF’s commitment to deliver valuable thought leadership content. The first white paper entitled “Best Practices for Building Trust Around Fees and Expenses” focuses on building trust with investors through transparency on fees and expenses and was a follow up item for a webinar on the same topic.
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.