Blue Point Capital partners with PEF Services for fund administration
Latest news
Blue Point Capital partners with PEF Services for fund administration 15 February 2018New Jersey Reporter: Jenna Lomax
Image: Shutterstock
Blue Point Capital, a private equity firm, has partnered with PEF Services, a fund administrator.
PEF Services will provide fund administration services to Blue Point to scale operations and support the firm’s growth.
The partnership will assist Blue Point’s continuing focus on partnering with entrepreneurs and management teams to grow middle market firms.
PEF’s capabilities include partnership accounting, financial reporting, capital call and distribution processing, investor capital account maintenance, audit and tax return support and coordinated fulfillment of all investor deliverables.
The partnership comes after the recent closing of Blue Point’s fourth buyout fund.
Colleen Greenrod, chief financial officer of Blue Point Capital Partners, said: "Until now, we have managed our back office functions with internal resources. Supplementing our internal resources will help support our growth and trend toward greater transparency."
She added: "Blue Point selected PEF Services for its long-standing and experienced client services team, leading technology platform and ability to help us scale operations as we kick off our fourth fund."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 