Petra Funds Group, an impartial personal funds administrator, has appointed 20-year personal fairness veteran John Beczak because the agency’s chief monetary officer.
The transfer additional expands Petra’s management bench of executives with expertise at established personal markets companies.
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Beczak, in his 20 years in personal fairness, was most not too long ago chief monetary officer at Useful resource Capital Funds, the place he oversaw all fund monetary, accounting, reporting and operational features for the worldwide various funding agency.
Previous to that he held quite a few senior finance roles together with Fund chief monetary officer for a number of methods within the international market methods section at personal fairness agency Carlyle.
Beczak has additionally held finance, operations and accounting roles at The Olayan Group, Lehman Brothers and Credit score Suisse.
“We’re thrilled so as to add John to our group and have the utmost confidence that he’ll assist information our continued development as Petra’s chief monetary workplace,” mentioned Stephen Coats and Peter Haskopoulos, co-founders and managing companions at Petra.
“With an in depth profession within the personal funds business, John brings deep monetary information, strategic management and a confirmed observe document that shall be invaluable as we proceed to ship best-in-class fund administration to non-public fairness, personal credit score and enterprise capital funds.”
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Beczak mentioned he’s becoming a member of at “a pivotal time within the fund administration business”.
“I’ve been impressed with Petra’s differentiated strategy to fund administration, providing the premier resolution to lots of the challenges I confronted because the chief monetary officer of quite a few personal fairness funds throughout my profession,” he added.
“I’m trying ahead to working with the gifted Petra group to drive monetary operations and assist the continued development of the agency.”
Learn extra: Petra Funds launches outsourced ESG director service