Petra Funds Group, an impartial non-public funds administrator, has appointed 20-year non-public 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 non-public markets companies.
Learn extra: Petra Funds launches outsourced ESG director service
Beczak, in his twenty years in non-public 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 different funding agency.
Previous to that he held a lot of senior finance roles together with Fund chief monetary officer for a number of methods within the international market methods phase at non-public 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 crew and have the utmost confidence that he’ll assist information our continued progress as Petra’s chief monetary workplace,” stated Stephen Coats and Peter Haskopoulos, co-founders and managing companions at Petra.
“With an intensive profession within the non-public funds trade, John brings deep monetary information, strategic management and a confirmed monitor report that shall be invaluable as we proceed to ship best-in-class fund administration to non-public fairness, non-public credit score and enterprise capital funds.”
Learn extra: Ex-Antares boss joins Petra Funds board
Beczak stated he’s becoming a member of at “a pivotal time within the fund administration trade”.
“I’ve been impressed with Petra’s differentiated method to fund administration, providing the premier answer to lots of the challenges I confronted because the chief monetary officer of a lot of non-public fairness funds throughout my profession,” he added.
“I’m wanting ahead to working with the gifted Petra crew to drive monetary operations and help the continued progress of the agency.”
Learn extra: Petra Funds launches outsourced ESG director service
