Apex Group appointed by Yarra Capital Management for AUD$100m fund
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Apex Group Ltd. , a global financial services provider, announced its appointment by Yarra Capital Management, to support the Yarra Private Capital Discovery Fund.
Yarra Capital Management is one of Australia’s largest independently owned, active fund managers, offering investors access to style-neutral equities, value equities, fixed income and multi-asset products.
The Yarra Private Capital Discovery Fund provides investors with access to a diversified portfolio of holdings in high growth potential, unlisted companies that have an intention to go public or conduct a sales process within a three-year time horizon.
The Fund benefits from the governance, research, investment and capital markets expertise of Yarra’s Australian equities investment team and leverages the experience of its analysts, industry experts and board of advisors.
Apex Group has been appointed to provide Fund Administration, Transfer Agency and Custody services, for the closed-ended vehicle.
Fund administration is at the core of Apex’s single-source solution, delivering timely, accurate and independent services, underpinned by market leading technology platforms. According to a recent Total Economic Impact (TEI) report by Forrester Consulting, clients of Apex Group’s single-source solution achieve, on average, cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.
This appointment follows Apex Group’s continued growth in Australia and New Zealand, including the strategic acquisitions of Mainstream Group and MMC, and new client wins including Capital Prudential, Foord Asset Management, Octopus Investments Australia, Perennial Partners and New Forests.
Tom O’Neill, Head of Client Relationship Management, Australia at Apex Group comments:
David Acton, Portfolio Manager of the Yarra Private Capital Discovery Fund further adds: