Simpson Thacher is representing funds managed by Charlesbank Capital Partners (“Charlesbank”) in connection with their majority growth investment in Petra Funds Group (“Petra”), a leading fund administrator serving private investment firms. The Petra founders and management team will remain significant shareholders alongside Charlesbank.
Founded in 2021, Petra offers comprehensive fund administration and related middle and back-office services to private equity and private debt managers totaling more than $110 billion of assets under administration.
The Simpson Thacher team includes Marni Lerner, Ben Schaye, Beini Chen, Christopher Flynn and Minaal Wickremesinghe (M&A); David Rubinsky, Linda Barrett and Sara Mazurek (Executive Compensation and Employee Benefits); Sophie Staples, Preston Irace and Mohanad Salaimi (Tax); Marisa Geiger and Rachelle Broida (Intellectual Property); Brian Steinhardt, Dorothy Hector and Nicolle Heagney (Credit); Krista McManus and Timothy Gallagher (Real Estate); Steve DeLott (Insurance); Leah Malone, Emily Holland and Courtney Kobren (ESG); and Karen Kazmerzak, Kelly Karapetyan and Jamie Logie (Antitrust).