Essential Fund Services International LLC Selects PFS-PAXUS

Essential Fund Services International LLC (“EFSI”), a New York based full service fund administration firm, is pleased to announce the selection of PFS-PAXUS for its third party fund administration business operations. Providing comprehensive and cost effective fund administration solutions, and the ability to focus on more complex oriented fund strategies for US and offshore hedge fund, private equity and real estate investment fund clients, EFSI with its affiliated partner Essential Fund Services LLC (“EFS”) administers approximately $4 Billion of client assets across 100 reporting entities. “We are excited about the direction in which the firm is headed, and are well positioned to leverage our industry experience to offer superior client service to the alternative investment community,” says Joseph A. Levato, Managing Partner of EFSI.  EFSI operates within a SOC I compliant environment, providing fund accounting, manager and investor reporting, marketing support, AML, compliance and administrative services to the private investment community, including hedge funds, funds of funds, private equity funds, family offices, and separately managed accounts. EFSI has partnered with PFS-PAXUS, a specialist alternative fund accounting and fund administration system. An established market-leading product, PFS-PAXUS offers a complete back-office fund accounting, portfolio valuation, fund pricing and transfer agency solution on a single, fully integrated system that provides clients with the straight-through-processing and complete transparency they require. A secure web-based portal, PFS- CONNECT, is utilized to deliver robust real-time reporting to investment managers and investors 24/7. Commenting upon the successful selection of PFS-PAXUS, Anthony D. Mascia, Managing Partner of EFSI added, “We are focused on growing our fund administration offering, and we believe having PFS-PAXUS as our core technology platform will allow us to drive growth in our business. The breadth of functionality, including online dealing, is very extensive and will put us in an ideal position to administer almost any fund structure that we might be presented with." Pacific Fund Systems (‘PFS’) is a leading provider of fund administration software via its award winning PFS- PAXUS application; a fully integrated share registry and fund accounting system, and PFS-CONNECT, its real- time web portal. PFS services more than 70 client sites across multiple global jurisdictions with in excess of US $400bn of assets managed on PFS-PAXUS. To learn more please visit: www.essentialfsi.com