Fri, Aug 6, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

CSC Global acquires private capital fund administrator PEF

Tuesday, June 08, 2021

Laxman Pai, Opalesque Asia:

CSC Global Financial Markets, provider of specialized administration services to alternative asset managers across a range of fund strategies, has acquired private capital fund administrator PEF Services.

A press release from the New Jersey-based PEF, which is one of the leading boutique firms serving the private capital firms and their investors, including private equity, private debt, venture capital, and small business investment companies (SBICs), said that terms of the deal, which closed May 28, are not being disclosed.

"This strategic acquisition accelerates CSC's fund services growth plans in the U.S., adding expertise and a technology platform. The deal underscores CSC's commitment to the growing private capital fund administration market and builds upon CSC's other recent expansion efforts in the U.S., Europe, and Asia," said the press release.

PEF was founded in 2002 to support the unique compliance and reporting needs of SBICs. As federally licensed entities, these alternative investment vehicles have requirements that other service firms struggle to meet. "PEF's success in managing these intricate requirements allowed it to expand easily to include all types of illiquid alternative asset firms, especially those with customized needs, which aligns nicely with CSC's passion for complex structures," said the release.

PEF's understanding of the complexities and customer needs in the illiquid alternative asset class has result......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. New Launches: Apollo investors look past Black-Epstein tie to back impact fund, Leeds Equity closes in on $1.25bn for its seventh buyout fund, Schroders Capital surpasses $389m for its fifth European infrastructure senior debt fund, Neuberger Berman closes NB Private Equity Impact Fund at nearly $280m, HSBC AM launches fintech venture capital strategy, Slate rounds up close to $600m for first credit fund, Trifecta Capital raises $130m for close of VC fund, Lumira Ventures closes on $255m of new capital to build transformative healthcare companies[more]

    Apollo investors look past Black-Epstein tie to back impact fund From Bloomberg: The backlash against Apollo Global Management Inc. over Leon Black's ties with sex offender Jeffrey Epstein is waning, with investors lining up to entrust the firm to manage investments dedicated to social

  2. Investing: Tiger Global: The technology investor ruffling Silicon Valley feathers, Addepar raised $150m from hedge fund D1[more]

    Tiger Global: The technology investor ruffling Silicon Valley feathers From FT: For the first 15 years of running Tiger Global Management, Chase Coleman wore a suit every day in the hopes that investors would look past his inexperience. Today, his firm faces a different kind of reputat

  3. SPACs: SPAC IPOs show time is money with speedier deal chases, Pershing Square Tontine has almost no risk left after its merger imploded, Lending platform Kredivo to go public via $2.5bn SPAC merger, SPAC-on-SPAC deal falls apart, and so does Immunovant's stock, Grab loss narrows on food delivery ahead of U.S. SPAC merger[more]

    SPAC IPOs show time is money with speedier deal chases From Bloomberg: SPAC bosses are finding they have to speed up their deal hunt if they want to attract investors these days. About half the blank-check companies that filed for U.S. listings since the start of June are giving th

  4. Goldman's China hedge fund clients had second-worst month ever, Tiger Global almost breaks even in July despite China stock rout, Hedge fund Alphadyne loses $1.5bn in rates short squeeze[more]

    Goldman's China hedge fund clients had second-worst month ever From Bloomberg: Goldman Sachs Group Inc.'s hedge fund clients focused on Chinese stocks recorded their second-worst monthly loss ever in July, according to client data compiled by the bank. Fundamental long-short m

  5. SPACs: As SPAC creators get rich, how incentives are shared remains murky, Singapore's fintech firm FinAccel to list in U.S. via $2.5bn SPAC deal, Grab partially delivers the goods ahead of SPAC, Cohen SPAC to merge with business services firm Pico[more]

    As SPAC creators get rich, how incentives are shared remains murky From WSJ: Many investment executives who back special-purpose acquisition companies are scoring big paydays as more deals get completed. Some of their clients are missing out. The divergence results from the varying m