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Viteos, founded in 2003, provides customized straight?through?processing and integrates post?trade operations for the investment management industry in the United States, Europe and Asia. It is a leader in shadow?accounting services and offers a full range of middle? and back?office outsourcing through its 500+ employees and straight?through?processing technology. Viteos has been growing its client base which now includes some of the world largest alternative managers who face numerous challenges in today's complicated operating environment. As alternative managers consider the stakes for sustained growth, outsourced shadow?accounting as an extension of in?house operations provides access to capabilities that are critical to investment operations.

Said Thomas Uger, Partner and Head of Business Services at PPC: "Viteos is the leading provider of outsourced middleoffice and shadow accounting services to hedge funds and other alternative asset managers. We are very pleased to partner with the Viteos management team and support further investment in technology and human resources, allowing the company to deliver even more value to investment managers."

Said, Randall Winn, CEO, FiveW Capital: "As part of our investment, we assembled a group of strategic co?investors including a series of principals of alternative asset managers, and alternative allocators who understand Viteos' value proposition and track record of stellar client service. This group intends to assist Viteos in sustaining its growth and bring its capabilities to more clients."

Said Shankar Iyer, CEO, Viteos: "The backing of PPC and strategic investor FiveW Capital, their seasoned principals, investors and longstanding relationships, will complement our organic growth and launch us into the next chapter of Viteos' story. We will have more resources to expand and develop our offerings for other investment managers." Said Chitra Baskar, COO, Viteos: "The array of assets we built over 14 years – our conscientious skilled employees, impeccable reputation, and innovative technology, has provided significant value as proven by our growing roster of top tier clients. We want to assure our marketplace position and will continue to invest in and lever these assets as we elevate awareness of our offering under the PPC umbrella."

Credit Suisse acted as financial advisor to Viteos.