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Apex to provide fund admin and AML service for new Sadu Capital VC fund

Sadu Capital (Sadu), a venture capital firm that invests in private tech start-ups through equity ownership, has appointed Apex Group to provide fund administration and AML solutions, for its latest fund, which is focused on early-stage startups in the Middle East & North Africa region (MENA).

Apex Group says its single-source solution, will support Sadu Capital’s Cayman domiciled fund with technology-enabled fund administration and AML officer services.

According to a 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.

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