Compliance Risk Concepts: Empowering Financial Institutions with Strategic Investment

In today's rapidly changing regulatory landscape, compliance and risk management have become critical priorities for financial services companies. With new regulations and increased government oversight, organizations need expert guidance to navigate these challenges successfully.

Compliance Risk Concepts (CRC), a leading provider of senior-level compliance advisory services, has received a significant investment from MidOcean Partners, a premier middle-market private equity firm. This strategic partnership aims to strengthen CRC's position as a valued compliance partner to the financial services industry and support the continued growth of its unique brand of business-focused compliance and risk management advisory services.

The compliance and risk management industry has undergone significant evolution in recent years. Amid regulatory changes and rule modifications, clients are seeking expertise coupled with exceptional service, which has become increasingly scarce due to consolidation in the outsourced compliance space.

CRC has thrived in this competitive environment by delivering expert-driven advice and strategy to its clients. The firm serves a diverse range of financial organizations, including broker-dealers, investment advisers, fintech and digital asset firms, banks, and credit unions. By maintaining a team of over 50 senior compliance professionals, CRC ensures that it can provide guidance, insight, and day-to-day execution support to meet the evolving needs of the financial services market.

The partnership with MidOcean Partners comes at a time when there is a surge in demand for outsourced compliance solutions. Many organizations are outsourcing their compliance and legal work to address talent shortages and manage the increasingly complex requirements of regulatory compliance. According to industry reports, an estimated 59% of investment adviser firms outsource some or all of their compliance and legal work. CRC and MidOcean Partners recognize this opportunity for further growth and are well-positioned to address this demand.

By combining MidOcean Partners' investment and industry expertise with CRC's deep knowledge of compliance and risk management, this partnership aims to fill the void left by the consolidation of boutique players in the industry. CRC's 'in-the-seat' approach to compliance and risk management support, coupled with MidOcean Partners' backing, will enable CRC to extend its reach and provide exceptional compliance solutions to businesses seeking to balance regulatory compliance with commercial success.

Mitch Avnet, the founder of CRC, emphasizes the importance of this partnership in meeting clients' needs and driving commercial outcomes while remaining regulatorily compliant. Avnet and his team are fully invested in helping clients navigate the complex regulatory environment without sacrificing the necessary infrastructure and control environment. The support from MidOcean Partners will enable CRC to amplify its impact and expand its services within the industry.

Elias Dokas, Managing Director at MidOcean Partners, sees incredible upside for CRC to become the go-to compliance partner for businesses seeking comprehensive compliance solutions. The consolidation happening in the industry has created a significant opportunity for CRC to fill the void and support businesses in meeting their compliance needs while making informed business decisions.

Compliance Risk Concepts is a team of senior compliance consultants and executives who provide top-tier compliance advisory services to clients. Their expertise helps organizations establish, maintain, and enhance effective compliance operational risk management programs. With a tailored approach, CRC empowers its clients to succeed in today's challenging regulatory and economic environment. To learn more about CRC, please visit their website at https://compliance-risk.com/.

Re-Sourcing Group is the parent company of CRC, offering staffing, consulting, and direct hire services specializing in finance & accounting, legal & compliance, and information technology. With a portfolio of premium brands, including CRC, Re-Sourcing Group focuses on building direct relationships with clients to better understand their needs. For more information, please visit their website at https://www.myresourcing.com/.

MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. The firm, established in 2003, targets high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit, launched in 2009, manages a range of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts. To learn more about MidOcean Partners, please visit their website at https://www.midoceanpartners.com/.

As the compliance and risk management landscape continues to evolve, organizations need trusted partners like CRC to navigate the regulatory complexities. With the strategic investment from MidOcean Partners, CRC is well-positioned to provide exceptional compliance solutions and support financial services companies in achieving their business objectives while remaining compliant.