Petra Funds Group

Exchange-Traded Funds (ETFs) have long been valued for their transparency, liquidity, and low costs. Now, a new frontier is emerging: private credit ETFs. Innovators like Apollo and BondBloxx are making this traditionally illiquid asset class accessible to retail investors, offering daily liquidity, lower minimums, and greater transparency. While challenges like liquidity mismatches and regulatory caps remain, firms are deploying creative solutions to bridge the gaps. For fund administrators like Petra Funds Group, this trend creates opportunities to innovate with tools for compliance, liquidity management, and automation. In a recent article, our private credit experts, Kira S., Jacob Bastarache, MBA, and Adam Weiss, discuss this interesting development in the private credit space. Discover more by clicking here: https://lnkd.in/ebQHNi7a #PrivateCredit #ETFs #FundAdministration #PrivateFunds

Starting a new fund can be challenging. Our goal is to make your first fund feel like the fourth by giving your investors an experience they are familiar with. There is no substitute for experience. We have the expertise to guide you through the process—from setting up your fund vehicles to selecting the right service providers. We'll help streamline your operations, align your fund with ILPA best practices, and ensure compliance with SEC regulations. Learn more about how an experienced launch advisory provider can set you up for success here: https://lnkd.in/eXSch-3Q Contact a member of our team to learn more: https://lnkd.in/geA9Bt2G #fundadministration #privatecredit #privateequity #fundservices #launchadvisory

Private equity firms face unique challenges when preparing for their year-end audit due to complex fund and investment structures, compounded by limited partner reporting requirements and tax regulations. Whether this is your first audit or fifth, following best practices while preparing for the fund’s year-end audit can help minimize audit issues. Read our article that was featured in Private Funds CFO to discover three challenges that often arise with private equity audits and solutions to minimize friction: https://lnkd.in/eGckH2UY #PrivateFunds #Audit #PrivateEquity #FundAdministration

As we approach 2025, it is important to prepare for upcoming SEC regulatory and code of ethics rules compliance deadlines that impact registered investment advisers. Staying ahead of these requirements is critical to maintaining compliance and avoiding potential penalties. Here are key dates to add to your calendar: •Access Person Quarterly Transactions Reports – January 30, 2025 •Access Person Annual Holdings Reports – February 14, 2025 •Annual Form ADV – March 31, 2025 •Annual Form PF – April 30, 2025 Now is the time to review your processes, ensure your reporting is accurate, and address any gaps. If you’re looking for assistance with your regulatory compliance obligations, let’s connect. Learn more about our regulatory compliance services for private funds here: https://lnkd.in/gKZmXaYm #regulatorycompliance #SECcompliance #privateequity #privatecredit #fundadministration

This Thanksgiving, we pause to share our heartfelt gratitude to our clients and colleagues who have made this year one of growth and success.   We thank you for the privilege of working with great people and great companies. As we look ahead to 2025, we’re excited for what’s to come and grateful to have you alongside us for the journey. Wishing you a joyful, safe, and memorable Thanksgiving holiday! #thanksgiving

Managing Director and Head of Private Credit, Adam Weiss, spoke to April Joyner and Michael Bowen about the shift private credit managers are making as they increasingly seek out retail investors and how ETFs as an investment vehicle could help popularize the asset class for this investor base. Read the article published in LSEG here: https://lnkd.in/eJmddPYw #privatecredit #retailinvestors #fundadministration #ETFs

What sets the experience of working at Petra Funds Group apart? Lauren Ramkalawan, Fund Accounting Manager in Petra's New York office, shares how the complexity of private fund accounting sparked her interest in building a career in the industry. "No two funds are the same, which means there’s always a unique challenge or a new concept to keep me on my toes. I love that this role requires constant learning as it offers me continual growth and variety, which was what drew me to private fund accounting in the first place."   To learn more about Lauren, click the link below. #fundaccounting #fundadministration #employeespotlight #privatefundaccounting

On October 21, the SEC’s Division of Examinations announced its priorities for 2025, emphasizing a continued focus on policies, procedures, and disclosures for Registered Investment Advisers (RIAs). Other key examination areas include: 🔹 Cybersecurity practices to ensure the safeguarding of customer records and information. 🔹 The use of artificial intelligence throughout the adviser’s operations, investment management, trading, compliance, and/or for marketing processes. 🔹 Illiquid or hard to value assets, especially when valuation is used as a basis to calculate management and performance fees. 🔹 The shortening of the settlement cycle to T+1 and whether the RIA’s books and records are amended to be in compliance. 🔹 Compliance with rules relating to Marketing, Form PF, and other required filings. Click the following link to gain a better understanding of the SEC's examination priorities: https://lnkd.in/eP882G5Z Reach out to a member of our team to learn more about how Petra Funds Group supports private funds regulatory compliance programs. https://lnkd.in/gKZmXaYm #SEC #PrivateFunds #ExaminationPriorities #RegulatoryCompliance

Keeping pace with the quickly evolving ESG regulatory landscape has strained private fund managers. Deciphering regulations and how they affect your fund and portfolio companies takes expertise, a skill set that is difficult to find and retain internally.    Petra’s Outsourced ESG Director Services provides private funds with an experienced ESG professional on a fractional basis who can operate as an extension of the firm. The service is designed to complement a firm’s in-house sustainability program or develop one from scratch, offering end-to-end support with ESG strategy, diligence, value creation, portfolio monitoring, exit planning, and LP and regulatory reporting.   Learn more about Petra’s Outsourced ESG Director Services by reaching out to a member of our ESG Advisory team: Charlie Chipchase, Tamara Close, CFA or Hugh Simpson.   #esgadvisory #privatefunds #privateequity #esgreporting

The role of a CFO in private equity has transformed over the last two decades, expanding beyond traditional financial recordkeeping. Today’s CFOs are navigating increased complexity across funds, management companies, and portfolio companies. And while outsourcing fund middle- and back-office operations has become standard, the shift to outsource management company accounting is only now gaining momentum. Why Now? CFOs seek trusted partners with private equity expertise to streamline day-to-day tasks like record-keeping, reporting, and portfolio company expense allocation. A provider with a team that has in-house experience can track operating partners' time allocations accurately, ensure precise expense recording, and facilitate transparency with portfolio companies, enabling CFOs to focus on high-impact, strategic work. Read more about the evolving role of management company accounting in private funds in our recent article: https://lnkd.in/ehDDW2z8 Reach out to a member of our Business Development team to learn more about our servicing capabilities: bd@petrafundsgroup.com. #PrivateEquity #CFO #PrivateCredit #ManagementCompanyAccounting #PrivateFunds