WEST ORANGE, NJ (January 10, 2018)—PEF Services, a leading fund administrator for Alternative Investment Managers, today announced the successful completion of its annual Service Organization Control (SOC) 1 Type 2 examination, in accordance with the American Institute of Certified Public Accountants (AICPA) attestation standards.
The examination is a comprehensive review of a service organization’s controls and tests of their operating effectiveness.
“PEF is pleased to announce that we have successfully completed our 7th annual SOC 1 Type 2 examination,” said Beth Manzi, chief operating officer of PEF Services LLC. “The completion of this examination exemplifies our ongoing commitment to maintain operational excellence.”
“Achieving SOC 1 Type 2 compliance demonstrates that PEF Services has the appropriate practices and controls in place to meet the highest industry standards for security, reliability, and accuracy of data in delivering our fund administration services,” said Anne Anquillare, chief executive officer and president of PEF Services LLC. “The needs and security of our clients and their investors remain our highest priority.”
For more information, visit our website at www.pefservices.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 https://www.pefservices.com/.