Star Mountain Capital selects PEF Services for fund administration
PEF Services LLC (PEF), a specialist fund administrator for alternative investment managers, has been selected to provide fund administration services to Star Mountain Capital, LLC (Star Mountain).
PEF’s deep experience with SBIC fund administration, its services team, leading-edge fund accounting platform, and PEF’s investor portal, ViewPoint, will support Star Mountain. With nearly USD2 billion in AUM and over 45 full-time people supported by 35+ additional senior advisor and operating partners, Star Mountain is a 100 per cent employee-owned specialised investment firm focused exclusively on the US lower middle-market by investing debt and equity directly into established operating companies, making strategic investments into fund managers and purchasing secondary fund (LP interests) and assets.
The firm has completed over 100 direct debt and equity investments since inception. “Star Mountain has been a long supporter of the successful SBIC program, a public-private partnership managed by the SBA helping to bring strategic financing to small and medium-sized businesses. We are honored to provide additional strategic capital to growing US lower middle-market companies,” says Brett Hickey, Founder & CEO of Star Mountain.
“PEF’s reputation in the market for its SBIC expertise, providing exceptional service to clients and their targeted technology platform are all factors in our selection process. Partnering with PEF Services will enable us to gain operational efficiencies that allow us to focus on the strategic growth of our business,” says Christopher Gimbert, Chief Financial Officer of Star Mountain.
PEF Services is nationally recognized as one of the top private capital fund administrators supporting multiple fund types and investments including SBICs, real estate, buyout, venture, debt, co-investment, SPVs, and fund of funds. PEF’s services include fund accounting, financial reporting, administration and compliance, capital management, AML/KYC investor services, treasury services, consulting, and coordinated fulfillment of all investor deliverables.
“As a highly sophisticated investment manager, we are delighted that Star Mountain has chosen to outsource their SBIC fund administration to PEF,” says Anne Anquillare, CFA, CEO and President, PEF Services LLC. “We look forward to supporting their endeavors to achieve greater efficiencies while focusing on strategic initiatives.”