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Petra Funds Group Announces Strategic Investment from Charlesbank Capital Partners
The partnership will enable fund administrator Petra to optimize and scale its white-glove service and client offerings
NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) — Petra Funds Group (“Petra”), a leading fund administrator serving private investment firms, announced today that it has entered into a definitive agreement to receive a majority growth investment from Charlesbank Capital Partners. This strategic investment marks a significant milestone for Petra as it looks to enhance its service capabilities and expand its reach in the market.
With the support of Charlesbank Capital Partners, Petra will be able to leverage their expertise and resources to further optimize and scale their white-glove service and client offerings. This partnership will provide Petra with the necessary funding to invest in technology, talent, and infrastructure, ultimately allowing them to better serve their clients and meet the evolving needs of the industry.
Petra Funds Group has built a solid reputation for providing top-notch fund administration services to private investment firms. By partnering with Charlesbank Capital Partners, Petra is poised to take their business to the next level and solidify their position as a market leader in the industry.
How Will This Investment Impact Me?
As a client of Petra Funds Group, this investment from Charlesbank Capital Partners will likely result in a more streamlined and efficient service experience for you. With increased resources and capabilities, Petra will be able to enhance their offerings and provide you with even greater support and value.
How Will This Investment Impact the World?
The strategic investment from Charlesbank Capital Partners in Petra Funds Group will have a ripple effect on the industry as a whole. By helping Petra expand and optimize their services, this partnership will set new standards for excellence in fund administration and drive innovation in the financial services sector.
Conclusion
In conclusion, the partnership between Petra Funds Group and Charlesbank Capital Partners is a significant development that will not only benefit clients of Petra but also have a lasting impact on the financial services industry. With increased resources and capabilities, Petra is well-positioned to drive innovation, enhance service offerings, and set new standards for excellence in fund administration.
