CSC Global Financial Markets, which provides specialized administration services to alternative asset managers, has acquired private capital fund administrator PEF Services.
Terms of the deal, which closed May 28, are not being disclosed, PEF Services spokeswoman Laura Hills said in an email.
A joint news release Thursday said CSC acquired the fund administrator to accelerate its own fund-services growth plans in the U.S., and that the deal "underscores CSC's commitment to the growing private capital fund administration market."
Anne Anquillare, PEF Services' president and CEO, was named head of CSC U.S. fund services.
"As market requirements expanded, we searched for the perfect partner to enhance the exceptional fund administration services and technology solutions we provide," Ms. Anquillare said in the news release. "CSC already has tremendous resources supporting private capital firms on a global scale and we will be a natural extension of those services."