Apex gains new fund services mandate 01 September 2020London Reporter: Maddie Saghir
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Apex Group, a global financial services provider, has been appointed to provide fund administration and depositary services to the debut fund of Melior Equity Partners.
The mandate will also see Apex provide depositary services to Melior through subsidiary European Depositary Bank.
Melior was launched in early 2020 following the completion of a spin-out of the investment team from The Carlyle Group’s Irish activities.
The fund has recently held a first close for its Luxembourg domiciled debut fund.
Apex’s team will deliver a full suite of fund administration services to Melior including financial reporting, company secretary, investor communication, capital transactions and legal liaison.
Srikumar T. E., global head of fund solutions at Apex Group commented: “We are delighted to be working with Melior to provide administration services to their new fund. Successfully launching and raising a debut fund during the COVID-19 pandemic is extremely impressive and is testament to the experience of the founders and their investment approach. We look forward to supporting Melior’s team throughout their growth and to providing scalable fund administration services as they seek to build a leading investment firm.”
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