Petra

Year of Investment:

2023

Strategy

Flagship

Industry

Business Services

Headquarters

New York, NY

Status

Active

Website

https://www.petrafundsgroup.com/

Business

Petra Funds Group is a leading fund administrator for private investment firms, providing comprehensive fund administration and related middle and back-office services to private equity and private debt managers totaling more than $110 billion of AUM. Founded by executives with decades of experience in the private funds industry, the firm offers end-to-end technology-enabled fund administration, investor servicing, compliance, fund launch advisory, management company and ESG services. Petra delivers a differentiated, client-centric value proposition with white-glove service that has enabled the firm to gain market share and achieve consistent client satisfaction. The firm has 110+ employees across five offices in the US and Europe.

Charlesbank Investment

Charlesbank invested in Petra in November 2023, becoming the company’s first institutional investor. This was the result of a multi-year thematic search for a fund administration platform in the attractive private markets ecosystem. Our investment will enable Petra to accelerate its growth strategy, recruit and retain top industry talent, and scale its suite of services across the entire fund services value chain.

Co-Founder

Stephen Coats

Co-Founder

Peter Haskopoulos