Parliament Capital Management (PCM) has selected PEF services for fund administration.
According to PEF, its fund administration services team and fund accounting platform will support PCM.
José Otero-Freiría, managing partner of Parliament Capital Management, explained: “PEF’s reputation for providing exceptional service to its clients, together with innovative technology solutions that will allow us to scale, were key drivers in our decision.”
“PEF Services’ extensive experience in working with debt funds will help us focus on expanding strategic, high-value initiatives like deal sourcing and asset management, among other areas,” Otero-Freiría added.
Hank Boggio, senior managing director and CRO of PEF Services, commented: “We are delighted that Parliament Capital Management chose to outsource fund administration to PEF and look forward to supporting their endeavors to achieve greater efficiencies while focusing on growth initiatives.”
PCM is a Puerto Rico-based, minority-owned investment advisory firm specialising in direct lending and private credit. PCM targets privately held, lower middle-market companies in underserved markets in Puerto Rico, the US Virgin Islands and the US.
