Petra Funds Group Launches Outsourced CFO Services

Author

Slice of Finance Team
12 Jun

Key Highlights:

  • Launch of Petra Outsourced Chief Financial Officer Services to support private equity and credit funds.

  • Erin Rathke joins as Managing Director to enhance CFO capabilities.

  • Services include CFO and operational fund personnel as well as advisory services.

  • Complementary to Petra’s Emerging Managers offering for institutional-grade operations support.

Source (Business Wire)

Notable Quotes

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“Firms face many hurdles when it comes to finding strong CFO candidates and filling other financial roles and our goal is to make this easier by providing private funds of all shapes and sizes – from startups to established players – with access to experienced, well-respected veteran CFOs and other financial professionals.”

Peter Haskopoulos, Co-Founder and Managing Partner at Petra
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“Given the growing needs of private funds, we believe this new offering is well-positioned to deliver on our mission to take care of the middle- and back-office for managers so they can concentrate on the work essential to scaling their businesses.”

Stephen Coats, Co-Founder and Managing Partner at Petra

Our Take:

The introduction of Petra Outsourced CFO Services marks a significant advancement for private equity and private credit funds seeking experienced financial leadership during critical growth phases. By leveraging Petra’s extensive industry expertise and bringing in seasoned professionals like Erin Rathke, Petra aims to fill a crucial gap in middle- and back-office operations. This initiative not only supports strong financial and operational strategies but also enhances relationships with limited partners, making it a strategic move for fund managers looking to streamline operations and focus on core activities such as fundraising and deal execution.