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PEF Services Expands Its Operations and IT Teams

WEST ORANGE, N.J., Nov. 06, 2015 (GLOBE NEWSWIRE) -- PEF Services LLC, the leading fund administrator for private capital funds, welcomes Lawrence Townes to its Reporting and Compliance team and Dennis DiGuglielmo and Lauren Bhende to its Information Technology team.

Lawrence Townes recently joined PEF Services as a Senior Accountant. PEF Services’ reporting and compliance team tracks fund information for the purpose of reporting to investors. Townes brings over five years of experience in alternative investment fund administration within the private equity industry. Prior to joining PEF Services, Townes was a Senior Accountant at Citi Private Equity Fund Services and State Street Alternative Investment Services. Townes holds a BS of Science in Accounting from Ramapo College of New Jersey and is attending Rutgers Business School to obtain an MBA in Finance.

“We’re happy to welcome Larry to the PEF Services team,” said Anne Anquillare, co-founder and CEO, PEF Services. “PEF Services is always looking to add top quality talent to our team and have been quite successful at it the past few years because of our reputation in the industry. Having great colleagues is one of the reasons why we were selected as one of the ‘Best Places to Work in New Jersey’ last year.”

In addition, Dennis DiGuglielmo and Lauren Bhende join PEF Services as Quality Assurance Analysts in its Information Technology group. The IT group is responsible for the continuous development of the firm’s Investor Library application, its secure investor communications portal, and PEFOnline, its portfolio company securities monitoring and reporting system.

DiGuglielmo joins PEF Services from All Things Media where he was a Sr. QA Analyst. He brings several years of experience in quality assurance testing, training and mentoring to his new roll. DiGuglielmo holds a BA Degree from Thomas Edison State College and has a Quality Assurance Training Certification.

Bhende joins the Quality Assurance team from Innovest Sytems, LLC where she was a Quality Assurance Analyst for seven years. Bhende holds a BA in Communications from the University of Rhode Island.

“Private equity is constantly changing which means our software is always being upgraded,” noted Joe Campbell, Chief Technology Officer. “Our Quality Assurance group tests changes to the software prior to release to ensure users will benefit from the upgrade. It is a very important function, and Dennis and Lauren provide us with some depth.”

Headshots are available upon request.

About PEF Services LLC
Founded in 2002 by experienced managers of private capital funds, PEF Services LLC is the leading fund administrator for private capital funds, providing high - quality, cost – effective fund administration solutions for venture, buyout, debt, mezzanine, distressed, real estate, SBIC and fund of funds.

Megan Keohane Buchanan Public Relations 610.228.0404

Source:PEF Services LLC