Foundation Source Acquires Pacific Foundation Services

Foundation Source Acquires PG Calc

February 1, 2024

Cloud & SaaS

Foundation Source, the nation’s largest provider of cloud-based SaaS and foundation management services, has acquired PG Calc, a planned-giving software and services provider based in Cambridge, Massachusetts. The deal, completed on February 1, 2024, expands Foundation Source's charitable giving product suite and adds planned-giving administration, software, consulting and marketing capabilities.

Foundation Source Acquires Giving Place from Give (a TIFIN Company)

April 21, 2025

Cloud & SaaS

Foundation Source, the Fairfield, Connecticut-based provider of philanthropic technology and services, has acquired Giving Place, a family-office giving platform, from Give (a TIFIN Company). The deal, completed April 21, 2025, expands Foundation Source’s SaaS capabilities for private foundations and family offices; terms were not disclosed.

GTCR Acquires Foundation Source from Incline Equity Partners

September 13, 2023

Wealth Management

GTCR, a Chicago-based private equity firm, has acquired Foundation Source, the nation’s largest provider of foundation management services, from Incline Equity Partners. GTCR is partnering with wealth-technology veteran Joseph Mrak III as CEO and has committed capital to invest in technology enhancements, acquisitions and organic growth to expand Foundation Source’s product offerings and channel partnerships.

Apex Group Acquires Pacific Fund Systems from Pollen Street

January 11, 2023

Financial Services

Apex Group has acquired Pacific Fund Systems (PFS), the provider of the PFS‑PAXUS fund accounting and administration platform, from Pollen Street Capital. The deal represents Pollen Street’s first exit from its flagship Fund IV and gives Apex additional technology and fund administration capabilities to enhance its global services offering.

PCF Insurance Services Acquires 1 Source Business Solutions

September 29, 2022

Professional Services

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, has acquired 1 Source Business Solutions, a Salt Lake City-based professional employer organization (PEO) that provides payroll, benefits administration, HR compliance, and workers' compensation services. The acquisition expands PCF's service offering for its agency partners and enables deeper client relationships by adding complementary HR and payroll capabilities.

Pollen Street Capital Invests in Pacific Fund Systems

December 18, 2020

Software

Pollen Street (PSC Fund IV) has made its first Fund IV investment in Pacific Fund Systems (PFS), the developer of the PFS‑PAXUS fund administration software platform. Pollen Street will join the founding shareholders and work with management to support PFS's next phase of growth, investing in product capability and business development (including expansion into markets such as the US).