CSC company PEF Services has been selected by RFE Investment Partners to provide fund administration services, as RFE looks to improve operational efficiency.
The mandate win marks PEF’s first since its acquisition by CSC.
The fund administrator’s fund accounting platform, and investor and accounting portal, ViewPoint, will support RFE.
RFE, which was founded in 1979, is a private equity investor with a long-standing history of partnering with small businesses.
Over the years, business owners that make up REF’s team have partnered with entrepreneurial management teams looking to grow their businesses in the lower middle market.
“PEF’s reputation in the market for its fund administration expertise, providing exceptional service to clients, and their purpose-built investor portal were all factors in our selection process,” said Don Juricic, managing director and chief financial officer of RFE.
“Partnering with PEF Services will enable us to gain operational efficiencies that allow us to focus on the strategic growth of our business.”
According to PEF, its fund administration services allow clients and their investors to increase operational efficiency while reducing risks, improve focus on core capabilities, and gain access to experts in private capital back-office operations.
In addition, PEF enables clients to use a technology platform that is designed for private capital funds and their investors.
Earlier this year, PEF Services was selected by Star Mountain Capital to provide SBIC fund administration services, making this the second mandate received by the fund administrator this year.
“As a private equity firm with a long-standing heritage and a time-tested strategy for growing small buyout businesses in partnership with management, we’re delighted that RFE has chosen to outsource their private equity and SBIC fund administration to PEF,” said Anne Anquillare, head of CSC US Fund Services.
“We look forward to supporting their endeavours to achieve greater efficiencies, enable scale, and provide a technology lift while focusing on strategic initiatives.”