Client Challenge – Lift-Out

Client Challenge – Lift-Out

A well-established fund manager with $7B AUM looking to reduce head count, enhance LP experience, provide an exceptional environment for current employees, and maximize retention.

The Solution

Petra partnered with client to Lift-Out fifteen back-office professionals with services including fund accounting, tax, valuations and data analytics.  Extensive analysis performed on benefit mapping, team dynamics and technology needs prior to execution and to ensure effective communication and minimal disruption for employees.

Key Results

• Consistency maintained for LPs; historical knowledge preserved
• Complete technology migration executed in 90 days
• Employees provided industry leading benefits and enhanced career paths
• Client reliance on Petra’s deep bench of resources when staffing needs arise
• Maximized retention
• Reduction of headcount and related IT costs