Apex to provide fund services to philanthropic model Greater Share
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Apex to provide fund services to philanthropic model Greater Share 25 May 2022UK Reporter: Jenna Lomax
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Apex Group has been selected to provide its services, on a pro-bono basis, to Greater Share, a newly established philanthropic investment model.
As part of the mandate, Apex will provide Greater Share with fund administration, transfer agency and banking services.
Established in March 2022, Greater Share was initiated to close the educational gaps for children globally, by harnessing the expertise of private equity funds and non-governmental organisations to transform early education in underserved communities across the world.
Apex’s subsidiaries European Depositary Bank, management company FundRock, and capital introduction platform Profilir will also provide services to the investment model.
Commenting on the mandate, Peter Hughes, founder and CEO of Apex Group, comments: “Education and social mobility are issues which impact every society and the scope for change is vast. We jumped at the opportunity to support Greater Share with our single-source solution, which offers all the services needed under one roof to allow Greater Share to focus on allocating capital and generating returns to drive equity and fund change through education.”
Paul Fletcher, chair of the board of Greater Share, adds: “Greater Share provides a unique opportunity for investors to impact the lives of children across the globe.
“Apex Group has long shown its commitment to driving positive change as a responsible corporate citizen, and their support will ensure we are able to efficiently deploy capital, report to our investors, and manage capital with the highest levels of compliance and transparency.”
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