PEF wins fund administration mandate from Boston-based real estate firm

Private capital specialist wins administration mandate from Blue Flag Partners.

By Jonathan Watkins

PEF Services has been selected to provide fund administration services to real estate firm Blue Flag Partners.

Blue Flag is a vertically integrated Boston-based real estate firm comprised of capital, development, and construction divisions; a convergence that now anchors over $300 million in luxury hospitality and residential projects.

Since 2015, Blue Flag has driven the acquisition and development of opportunities in high-barrier-to-entry markets among some of the most sought-after locations in the US.

“As Blue Flag continues to expand through strategic investments, fund administration has become more complex,” said F. Tyler Hardy, partner, Blue Flag Partners. “Our team is impressed with PEF’s reputation in the market for providing superior service to clients and their targeted technology platform. Partnering with PEF enables us to show our investors that we are using a leading administrator in the category. We have been really happy with the responsiveness and support of our PEF team.” 

Last year PEF Services was nominated for Global Custodian’s Fund Administration One to Watch award due to its increasing number of mandate wins and expansion.

The administrator offers private capital funding administration supporting multiple fund types and investments including real estate, buyout, venture, debt, co-investment, SPVs, SBICs and fund of funds.

“We are delighted that Blue Flag has chosen to outsource fund administration to PEF,” said Anne Anquillare, CFA, CEO and President, PEF Services. “We look forward to supporting their endeavours to efficiently grow their firm and providing best in class investor reporting and support.”