Essential Fund Services International, LLC (“EFSI”) is an independently owned SOC 1 compliant full service fund administration firm providing clients with a comprehensive suite of fund administration services. EFSI offers a cost effective solution to all types of U.S. domestic and offshore fund structures and investment strategies. The center of EFSI’s service incorporates resilient technology and accomplished staff, providing clients a tailor-made service with exhaustive transparency.
EFSI provides accounting, reporting and administrative services to the private investment community, including hedge funds, funds of funds, private equity funds, family offices, and separately managed accounts. EFSI’s services allow the investment manager to focus more closely on the investment process knowing that critical administrative functions, normally beyond the investment manager's expertise, are in the hands of skilled, accomplished and seasoned professionals. EFSI differentiates itself by providing clients with a high quality “hands-on” approach as compared to a "one size fits all" solution.
EFSI, whose members have over 75 years of financial services experience including more than 40 years in fund administration, provides services to alternative investment managers and their investors. EFSI with its affiliated partner Essential Fund Services, LLC (“EFS”) administers more than $3 billion of client assets across 75 reporting entities.
A critical factor separating EFSI from other fund administrators is our in-depth knowledge of the alternative investment industry and our commitment to fully understand a fund’s structure and investment strategy while ensuring the governing fund documents properly reflect fund economics prior to the commencement of operations. EFSI partners with each client, guiding them throughout the fund lifecycle to address the complexities and challenges of their business.
Joseph A. Levato
Prior to establishing Essential Fund Services International, LLC ("EFSI"), Mr. Levato spent 7 years with Advanced Fund Administration where he served as Director and Head of North America Operations & Chief Financial Officer, responsible for establishing and building out AFA's United States fund administration operation. In addition to his former Operational and Financial roles at AFA, Mr. Levato oversaw and directed the firm's Business Development during his last 5 years, significantly increasing its client base, resulting in a 300% increase in annual revenues. Mr. Levato also led the due diligence and integration efforts of a successful 2015 growth through acquisition strategy.
Mr. Levato is currently a managing member at Pycnocline, LLC, a consulting firm and private merchant bank serving as the Private Equity acquisition arm of its London affiliate Halocline Private.
Earlier in his career, Mr. Levato spent 5 years serving as Global Chief Financial Officer at Citi Hedge Fund and Private Equity Fund Services (formerly BISYS Alternative Investment Services), with financial responsibility for North America, Europe, Asia, and Caribbean operations. At the time, BISYS maintained $350 Billion in AUA, and Mr. Levato also served as a member of the BISYS Executive Management Committee.
Before joining BISYS in 2005, Joseph was Vice President of Planning & Analysis at Marsh McLennan. Here he specialized in strategic planning and analysis for the Marsh Insurance Brokerage business. Joseph also spent 10 years with Revlon Cosmetics as Vice President and Group Controller.
Joseph Levato graduated from Miami University, Oxford, Ohio in 1988 with B.S. degrees in Accounting and Finance, and received his MBA in Corporate Finance from Fordham University in 1996. We are fortunate to lean on Mr. Levato’s experience and process oriented approach to fund and business administration as we serve our clients globally with a suite of products and services that truly set us apart from other administrators.
Anthony D. Mascia
Mr. Mascia is a co-founder and partner of Essential Fund Services International, LLC ("EFSI") and oversees EFSI's business development and marketing. Anthony began his professional career as a trader and member of the New York Board of Trade in 1999. As a member of the New York Board of Trade (NYBOT) & Intercontinental Exchange (ICE); he co-founded a NFA regulated brokerage business that consisted of national and international clientele, being responsible for developing a division specializing in food and fiber commodities on the NYBOT exchange until it went fully electronic in 2008. He is credited with growing revenues for his division by more than 250% annualized in the first 3 years, continuing to grow the business at more than 30% a year thereafter. Mr. Mascia developed a reputation for effective risk management strategies, the formulation of market positioning strategies, as well as communicating incisive market commentary to clients and providing consistent and valued advisory services.
After leaving the floor in 2008, Anthony went on to build a guaranteed independent brokerage firm focused on investing in alternative strategies through an affiliation with MF Global until 2011. Since 2008, Mr. Mascia has raised more than $100 million in assets for Managed Futures.
Anthony is currently a managing partner at Pycnocline, LLC, a consulting firm and private merchant bank serving as the Private Equity acquisition arm of its London affiliate Halocline Private. Additionally, Mr. Mascia also acts as Principal & Partner of a New York based commodity trading advisor, providing consulting services and assistance with discretionary investment and marketing strategies.
Anthony was born and raised in the Bronx and is a graduate of Fordham University. Anthony is an avid musician and winemaker. He currently resides in Westchester County with his wife and children.
Gerard M. Federici
Mr. Federici is the founder and Managing Member of Essential Fund Services LLC which he launched in April 2009. Gerard has over 20 years of experience in financial services, with an emphasis on outsourced accounting and administrative services for investment funds. Until March 2009, Gerard was a Managing Director at SS&C Technologies, Inc. (“SS&C”) which is currently the third largest fund administrator. He joined SS&C in 2006 on the sale of Cogent Management Inc. (“Cogent”). Gerard joined Cogent in May 1998 and became a shareholder in January 2000. While a shareholder of Cogent he was integral in the growth of and management of its employees administering the provision of services to over 250 diverse investment partnerships and similar pooled-investment vehicles. At the time of its sale to SS&C, Cogent administered in excess of $16 billion of assets, including a handful of funds managing in excess of a billion dollars of AUM.
Gerard consults with clients and their attorneys on the design and structure of their entities during the organizational stage and provides ongoing advice to management regarding many diverse fund and partnership accounting matters. Gerard manages administration for both domestic and offshore funds ranging from start-up funds to large fund complexes. He services a wide variety of strategies including long/short, fixed income, private equity, sector specific and geographic specific funds.
Prior to joining Cogent he worked at Ernst & Young, LLP in the financial services practice. Gerard is a 1992 graduate of Fordham University where he received a B.S in Accounting. He is a certified public accountant in New York State.
Michael J. Krieger
VP of Operations
Prior to joining Essential Fund Services International, LLC as Vice President of Operations, Michael spent 3 years with Advanced Fund Administration where he served as Fund Accounting Manager responsible for overseeing the portfolio accounting and fund administration for 40+ hedge fund and private equity fund clients, as well as supervise the annual fund audits to ensure compliance with GAAP reporting. Michael and his team provided full service administration solutions to a variety of fund structures, ensuring accurate, timely reporting to their clients. Prior to joining AFA, Michael spent 3 years with Bessemer Trust as a Senior Fund Accountant, where he maintained the books and records for 15 onshore and offshore hedge fund-of-funds.
Before joining Bessemer Trust in 2012, Michael spent 5 years as a Fund Accountant with J.P. Morgan Private Equity Fund Services and Citi Hedge Fund Services. Michael has gained great exposure to many alternative asset vehicle structures during his time in the industry.
Michael graduated from The Pennsylvania State University in 2008 with a B.S. degree in Finance.
Sandy C. Pereira
VP of Investor Services
Prior to joining Essential Fund Services International, LLC, Mrs. Pereira spent 3 years with Advanced Fund Administration where she served as an Investor Services Representative, responsible for handling and completing the daily tasks received directly from clients and or investors. These tasks included the processing and reviewing of all transactions, opening of bank accounts, reconciling bank accounts, completing all wires, and complying with Anti-Money Laundering rules and regulations. Mrs. Pereira also, ensured that NAV Statements reconciled before releasing them to clients and investors.
Prior to joining AFA, Mrs. Pereira spent 5 years with Citibank where she served as an Investor Services Representative and promoted to Senior Investor Services Representative, with the responsibility of overseeing the daily workflow and activity of her team members. This included the review of all checklists in place for all transactions, review of correct implementation of Anti-Money Laundering rules, and training staff members of new system roll outs.
Mrs. Pereira graduated from Kean University, Union, New Jersey in 2006 with B.S. degree in Business Administration and Finance.
Prior to joining Essential Fund Services International, LLC, Adrianne spent 16 years working for State Street Corporation in various fund accounting roles. She was responsible for the daily NAV preparations across numerous mutual funds prior to moving to Alternative Investments in 2015 where she worked on numerous hedge and private equity funds. Adrianne spent 2 years of her career at State Street migrating 200+ funds onto a new accounting platform and worked on parallel testing and transitioning as well as training.
Before joining State Street in 2001 Adrianne worked for Merrill Lynch in the trade support group.
Adrianne graduated from Caldwell University in 1999 with a B.S. degree in Accounting and later received an MBA with a concentration in Accounting in 2005 from Caldwell University.