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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......................

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