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June 4, 2021

CSC acquires fund administrator PEF Services

CSC has acquired fund administrator PEF SERVICES in a bid to enhance its services for private capital firms in the US.

The terms of the deal were not disclosed.

Founded in 2002, PEF Services offers technology-enabled fund administration services to private capital firms and their investors.

The acquisition is expected to support CSC’s fund services growth plans in the US. It will also provide CSC will access to PEF’s ViewPoint investor and general partner portal.

As agreed, PEF professionals will join CSC. PEF President and CEO Anne Anquillare will also join CSC and will lead its US Fund Services.

Anquillare said: “As market requirements expanded, we searched for the perfect partner to enhance the exceptional fund administration services and technology solutions we provide.

“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.”

CSC executive vice-president John Hebert said: “Their deep expertise in fund administration complements our existing capabilities, while their commitment to service excellence aligns well with our company culture.”

CSC offers specialised administration services to alternative asset managers across a range of fund strategies. In April, the company expanded its Fund Services footprint in Ireland.

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