Achievement confirms PEF’s ongoing commitment to security compliance & operational excellence
WEST ORANGE, NJ (January 22, 2019)—PEF Services (“PEF”), a leading fund administrator for alternative investment managers, today announced the successful completion of its eighth annual SSAE 18, System and Organization Controls (SOC) 1, Type 2 audit examination, in accordance with the American Institute of Certified Public Accountants (AICPA) attestation standards. PEF Services undergoes this comprehensive audit every year to insure that its practices and controls meet or exceed industry standards.
The examination is a comprehensive and in-depth review of a service organization’s controls and tests of their operating effectiveness. Companies that successfully complete an annual SOC 1 examination can demonstrate a substantially higher level of security assurance and operational visibility than those that have not completed the examination.
“The successful completion of our eighth SOC 1 Type 2 examination provides our clients with an additional level of confidence in the operational controls we employ to safeguard their data and provide them with accurate and timely reporting,” said Beth Manzi, Chief Operating Officer of PEF Services LLC. “Undergoing this rigorous audit demonstrates our ongoing commitment to maintain excellence at all levels of our fund administration operations.”
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.
“Clients are increasingly aware of the need for a service organization to meet the highest industry standards for security, reliability, and accuracy of data,” said Anne Anquillare, Chief Executive Officer and President of PEF Services LLC. “We are pleased to achieve this level of confidence in our systems and controls as the needs and security of our clients and their investors remain our highest priority.”
For more information, visit our website at test.pefservices.com.
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 https://www.pefservices.com/.