Tuesday, October 1, 2024

Fund administrator hires veteran to drive progress

Petra Funds Group has employed Krista McCoy to assist develop the fund administrator’s consumer acquisition technique.

Petra Funds Group offers fund administration providers to non-public fairness and debt funds globally. The agency administers funds with greater than $180bn (£141.7bn) in belongings in whole.

McCoy beforehand labored at Ultimus LeverPoint Personal Fund Options for greater than 20 years, latterly as govt vp. In that function, she oversaw all enterprise improvement, advertising initiative and consumer relationships.

Learn extra: TPG in talks to purchase fund administrator Alter Domus

“Krista brings an in depth background in non-public fund administration and back-office operations that may enormously improve Petra’s strategy to outsourcing and lift-outs for personal fairness, “stated Stephen Coats, co-founder and managing accomplice.

Co-founder Peter Haskopoulos added: “The tempo of change throughout the non-public funds trade continues to speed up, necessitating the necessity to add experience to our group to proceed to offer distinctive consumer service and additional develop our providing to satisfy the wants of CFOs, buyers, and regulators. Krista’s expertise working throughout the non-public fund administration area can be invaluable as we proceed to construct upon our status as a trusted advisor to non-public fairness CFOs.”

Learn extra: Administrator Alter Domus extends non-public debt providing

Learn extra: New answer launches to enhance non-public investor onboarding


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