The Private Capital Industry Is Evolving

The complexity of distribution waterfalls can often deter Limited Partners (LPs) from engaging in the calculation process, but as Delphine Jones, solutions consultant executive at PEF Services explains, understanding the methods and arming yourself with a bit of...

By Beth Manzi, CPA, Chief Operating Officer, PEF Services, LLCThere are two basic methods into which private equity distribution waterfall schedules are classified: European or American. Typically, the European waterfall is preferred by Limited Partners (LPs), while...

By Beth Manzi, CPA, Chief Operating Officer, PEF Services, LLCA distribution waterfall defines the way the profit of a fund is distributed between the Limited Partners (LPs) and the General Partner (GP.) It also defines the distribution of carried interest to the GP...

By Beth Manzi, CPA, Chief Operating Officer, PEF Services, LLCInvesting is about returns, and, in private equity, how those returns are distributed to investors is dictated by the waterfall provisions of the Limited Partnership Agreement. Until recently, many...

By Hank Boggio, Senior Managing Director & Chief Revenue Officer of PEF Services LLC Outsourcing your fund administration services does not mean losing control or access to your data. Self-service portals can streamline and organize data for General Partner CFOs...

By Hank Boggio, Senior Managing Director & Chief Revenue Officer of PEF Services LLCIn the past decade, the opportunities for private debt have grown significantly. When banks changed their lending criteria after the 2008 financial crisis, it created a lending...

By Anne Anquillare, CFA,Chief Executive Officer & President, PEF Services LLCNewly developed universal reporting standards are promising to take private capital’s most urgent challenge—the lack of transparency—and solve it once and for all. Sound familiar? Will this...

By Anne Anquillare, CFA,Chief Executive Officer & President, PEF Services LLCWe have all heard it—the greatest challenge for the private capital markets—and the greatest opportunity—centers on providing investors access to real-time information to enable true...

By Hank Boggio, Senior Managing Director & Chief Revenue Officer of PEF Services LLC For CFOs who need to keep pace with the demands of regulators and investors, manage administrative costs, and carve out time for more strategic activities, outsourcing fund...