The Private Capital Industry Is Evolving

What General Partners Need to Know  By Beth Manzi, Chief Operating Officer, PEF Services LLC Private equity is having another good year, but is too much of a good thing stressing your back-office?  Are your investor demands exceeding your firm’s back-office...

by Adam Gardiner, Director of Client Services, PEF Services LLC Effective December 13, 2017, SBA is increasing fees charged for licensing and examinations and adding an inflation adjustment. The fee increases will be phased in over a period of four years with the...

By Hank Boggio, Chief Revenue Officer of PEF Services LLC While few firms outside of the hedge fund market would have considered outsourcing fund administration twenty years ago, market requirements have since undergone a dramatic change.  As the private capital...

What You Need to Know by Beth Manzi, Chief Operating Officer, PEF Services LLC On October 20, 2017, SBA sent a letter detailing their exam priorities and a new notice requirement. Click here to read the SBIC Program Examination Priorities letter to SBIC Licensees For...

By David Gerogosian, Executive Vice President, PEF Services On August 18, 2017, SBA published revised final regulations on structuring investments through the use of holding companies (passive businesses).  The U.S. Small Business Administration (SBA) is withdrawing...

Understanding Risks & Aligning Interests By Shay Caufield, Executive Vice President, PEF Services The traditional funding mechanism for illiquid alternative asset funds includes the periodic drawdown of capital from investors. This amount is based on the...

Keep Calm and Carry On By Joe Campbell, CTO, PEF Services LLC Every business can experience a serious incident that can prevent it from continuing normal operations. In this day and age, no business is immune from external or internal threats that can compromise the...

Fostering Collaboration By Anne Anquillare, Chief Executive Officer and President of PEF Services LLC When GPs find themselves in a defensive position, they can't make the best decisions for the fund and their investors. And fee and expense allocation has become one...

How this impacts your fund by David Gerogosian, Executive Vice President, PEF Services On Thursday, June 22, 2017, SBA released for public comment, the long-awaited revisions to its Management Fee Policy.  This TechNote, once finalized, will impact all leveraged SBIC...