WEST ORANGE, N.J., Nov. 13, 2018 /PRNewswire/ -- PEF Services LLC ("PEF"), a leading fund administrator for alternative investment managers, today announced that Conexus Partners, a private equity firm focused exclusively on timber, agricultural and ranch land opportunities in the US with high potential for capital appreciation, has selected PEF Services to outsource fund administration. PEF will provide fund administration services to Conexus Partners through PEF's experienced team and leading-edge fund accounting platform.
Conexus Partners was founded on the fundamental belief that opportunistic agricultural, ranch and timberland purchases would exist over the next decades. The driving factors affecting valuations are demographics, the aging population of farmers and ranchers, commodity price cycles, estate planning, the transfer of wealth from generation to generation and the shift of rural populations to the urban areas.
"We were looking for an experienced fund administration partner with an outstanding reputation for providing exceptional and responsive service to its clients, together with innovative technology solutions," said Joe Mazon, Founder and Managing Partner of Conexus Partners. "We selected PEF Services to help us support the operational management of our new investment platform enabling us to scale as we focus on strategic, high-value initiatives like deal sourcing, fundraising, and investment management."
PEF is nationally recognized as one of the top boutique fund administrators and back-office specialists for both General Partners and Limited Partners in the alternative asset space. PEF's services 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.
"We are very excited to welcome Conexus Partners to our family of clients," said Hank Boggio, Chief Revenue Officer of PEF. "Our experienced team, proven processes, and high-touch responsive service model uniquely positions PEF as a strategic partner to support Conexus Partners as they focus on the strategic initiatives that will drive growth."
About Conexus Partners
Conexus Partners is a private equity firm focused exclusively on timber, agricultural and ranch land opportunities in the United States with high potential for capital appreciation. Conexus Partners looks to address the liquidity void in mid-market ($2.5 million to $25 million) transactions where disciplined, expedient underwriting is advantageous. Repositioning the investment to a higher and better use can drive valuations with a focus on conservation easements, carbon credits, mitigation banking, non-production lease income and recreational use. Conexus Partners has also formed a strategic partnership with United Country Real Estate, the largest seller of lifestyle, land and country properties. Utilizing their technology and services allows Conexus Partners to access a global network of sellers and buyers. For more information visit https://www.conexusfunds.com/.
About PEF Services LLC
PEF 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.
Press Contact
Laura Hills
VP, Marketing
PEF Services
212.203.4685 x180
[email protected]
SOURCE PEF Services
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