Octopus Investments Australia appoints Apex for fund administration
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Octopus Investments Australia appoints Apex for fund administration 24 June 2022Australia Reporter: Jenna Lomax
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Apex Group has been appointed by Octopus Investments Australia (Octopus Australia) to provide fund administration services to its fund structures focused on renewables investment.
Octopus Australia is building a portfolio of renewable energy assets that will help Australia lower its carbon emissions and meet its renewable energy targets while delivering sustainable, long-term returns for investors.
Octopus Group is one of the largest owners of renewable energy projects in Australia and Europe, owning 260 assets on behalf of wholesale and institutional investors.
Since launch, Octopus Australia has already seen sizable growth of their team, portfolio and the launch of innovative partnerships.
Within the Octopus portfolio is Australia’s largest solar plant, the 333MW facility in Darlington Point, New South Wales.
Apex will also provide Octopus Australia with investor onboarding, share registry and tax services for new fund structures dedicated to investing in renewable energy in Australia.
Andrea Gallenca, head of private market sales - Australia at Apex Group, comments: “Our robust and scalable technologies and fund administration services will allow the Octopus Australia team to focus on facilitating the deployment of capital towards projects which benefit not only their investors, but our planet, now and in the future.”
Campbell Ross, head of finance and operations - Octopus Australia, says: “Apex has demonstrated exceptional quality of service, underpinned by flexible and adaptable technology systems and platforms, which crucially, can meet our fund administration needs as they evolve as we continue to grow our portfolio. We look forward to working closely with the knowledgeable Apex team in Australia.”
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