CSC, the provider of business, legal, tax, and digital brand services, has acquired PEF Services, a provider of technology-enabled fund administration services.
PEF provides its services to private capital firms and their investors, including private equity, private debt, venture capital and US-based small business investment companies (SBICs).
The acquisition of PEF accelerates CSC’s fund services growth plans in the US, adding expertise and a robust technology platform to its solutions.
The deal underscores CSC’s commitment to the growing private capital fund administration market and builds on the company’s other recent expansion efforts in the US, Europe, and Asia.
As part of the move, Anne Anquillare, chief executive officer and president of PEF, will join CSC as the head of CSC US fund services.
Meanwhile, Beth Manzi, chief operating officer of PEF, joins CSC to lead US operations for fund administration.
Oleg Yablonovskiy, managing director of CSC US fund services, will move into a strategic role to drive synergies between the businesses.
John Hebert, executive vice president of CSC, says: “We’re very excited to welcome Anne Anquillare and the entire PEF team to CSC. Their deep expertise in fund administration complements our existing capabilities, while their commitment to service excellence aligns well with our company culture.”
Anquillare comments: “CSC already has tremendous resources supporting private capital firms on a global scale and we will be a natural extension of those services.”
“In turn, CSC recognised PEF’s reputation for having one of the most skilled and respected teams in the industry, leading-edge portal technology, and thought leadership in private capital. Both firms share a commitment in supporting private capital firms with excellent customer service, innovative technology, and investing in our people,” she adds.
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