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Are You “SBIC Worthy”?
by David Gerogosian and Allen Greenberg, PEF Services, LLC Competition for an SBIC license is at a high. The lure of cheap leverage that gooses investors' returns has put the SBA in a position where it can be more choosy in selecting fund managers – a prerogative that...
read moreThe Portal – A Fund’s Blue Suit
by Joseph Campbell, PEF Services and Mark Heil, PEF Services The fashion world will tell you that a staple of every business person’s wardrobe is a blue suit. With it, you are “dressed for success”. To impress an investor, you need to don your best: solid returns,...
read moreFour things you should tell your investors about your fund administrator… and one thing you shouldn’t!
by Mark Heil, PEF Services 1. “They are an expert on accounting and investor reporting for funds like ours.” Small and emerging funds need to be handled differently than large funds. Large funds have more resources and can spend time customizing. Small and...
read morePEF Services Empowers Private Investment Firm to Focus on Growth and Expansion
Cerca Group LLC was founded in 2009 by John Bingaman and Matthew Harney as a sector focused, stage-independent private investment firm. Cerca Group targets investments in business services, software and communications companies with enterprise values up to $50...
read moreAre you an investor or a GP of an “orphan” fund?
by Allen Greenberg, PEF Services An orphan fund is difficult to define – as Supreme Court Justice Potter Stewart said regarding obscenity, “I know it when I see it.” Well, the same is probably true of an orphan fund (also known as a zombie fund) – relatively small...
read moreWhen is the right time to consider fund administration outsourcing?
by Janice Schopper, PEF Services Fund managers may choose to outsource fund administration at any time, but the following indicators may help pinpoint a more urgent need: Investors demand transparency. Recent scandals cause investors to demand third party involvement...
read moreIRS Weighs In On Investor Privacy
by Beth Manzi, PEF Services In February 2012, the IRS issued a revenue procedure regarding the electronic delivery of Schedule K-1 and/or personal information and provides specific standards for an "effective delivery" of a K-1 schedule. These include prior...
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