WEST ORANGE, N.J., Feb. 16, 2017 /PRNewswire/ -- PEF Services, a leading fund administrator for Alternative Investment Managers, today announced that JMK Consumer Growth Partners has selected PEF Services to support their complex fund administration accounting, regulatory, and investor reporting requirements.
JMK Consumer Growth Partners makes growth capital investments in high-growth, branded consumer businesses which have annual revenues of at least $2 million and are seeking capital investments up to $10 million.
With a core team comprised of the founders, along with brand and investment analysts, JMK recognized the value in working with a third party fund administrator to supplement internal resources contending with increased investor demands and regulatory requirements. JMK selected PEF Services to support their strategic, complex, high-value initiatives, enhance compliance and transparency, and reduce operational costs.
"PEF's reputation in the market for providing superior service to clients was a key driver for us in making this selection," commented John M. Kenney, co-founder JMK Consumer Growth Partners. "Having experienced first-hand the value of leveraging a partner for fund administration, access to PEF's senior-level expertise and consultation will allow us to scale our business operations swiftly and smoothly."
PEF Services LLC, provides high-quality, cost effective fund administration solutions to funds and general partnerships including buyout, venture, mezzanine, distressed, real estate, and fund of funds. PEF's LP Administration Solutions Group (LPAS) addresses the unique administration and data needs of limited partners investing in illiquid alternative assets.
"PEF serves as an extension of our clients' back office by providing domain expertise, access to best-in-class technologies and a full spectrum of operations support," said Hank Boggio, Chief Revenue Officer of PEF Services. "We're delighted to welcome JMK to our family of clients to help them achieve greater efficiencies, confidently meet regulatory requirements and scale their operations."
About PEF Services LLC
PEF Services provides high-value, high-touch Fund Administration solutions supported by senior professionals with extensive experience in alternative investments. PEF has a 15-year track record of delivering cost-effective solutions to Funds and General Partnerships, including Buyout, Venture, Real Estate, Special Purpose Vehicles, Mezzanine, Credit, SBIC, and Fund of Funds. The firm's LP Administration Solutions Group (LPAS) focuses solely on meeting the unique administration and data needs of limited partners investing in illiquid alternative assets. In partnering with PEF, firms increase operational efficiency, reduce and control operating costs, improve focus on core capabilities, and gain access to experts in private capital back office operations. For more information please visit www.pefservices.com.
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SOURCE PEF Services