Apex appointed as fund administrator to Preservation Capital Partners
Apex Group (Apex), a global financial services provider, has been appointed to provide full fund administration services to Preservation Capital Partners (Preservation Capital).
Fund administration is at the core of Apex’s offering, providing clients with timely, accurate and independent portfolio administration using innovative technology and highly qualified personnel with local expertise.
Preservation Capital, a specialist investor in the asset-light financial services sector, last month announced the closing of its debut fund, Preservation Capital Partners Fund I at its hard cap of GBP309 million (USD400 million).
Apex’s fully integrated global fund administration system and high-speed, real-time processing enables the delivery of accurate financial information, multi-currency transaction processing and flexible valuation periods. Apex’s experienced team will deliver a full suite of fund administration services to Preservation Capital including financial reporting, company secretary, investor communication, capital transactions and legal liaison.
Srikumar T E, Global Head of Fund Solutions at Apex Group, says: “We are pleased to announce that we have been appointed to provide administration services to Preservation Capital. Successfully raising a debut fund during the Covid-19 pandemic is no mean feat and is testament to the strength of Preservation Capital’s investment approach. Our experienced fund administration team look forward with partnering with Preservation Capital to provide our services and advice throughout the lifecycle of Fund I.”
Jatender Singh Aujla, Managing Partner and Founder of Preservation Capital Partners, adds: “We chose to partner with Apex, due to their proven ability to deliver the highest levels of service at a competitive price point as an independent third party provider. Apex’s help and support has been invaluable as we raised our debut fund and we look forward to working with the team for many years going forward.”