Aliph Capital picks Apex for fund administration 07 November 2022Abu Dhabi Reporter: Lucy Carter
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Aliph Capital (Aliph), the first female-led private equity firm in the Middle East, has appointed Apex Group (Apex) to provide fund administration services.
Using Apex’s global fund administration solution, Aliph will gain services including financial information provision and multi-currency transaction processing. Through the partnership, the company will be able to process assets across classes and regions.
Aliph specialises in mid-market private equity across the Gulf Cooperation Council region.
The appointment marks a continuation of Apex’s push for positive change in the societies in which it operates. According to recent Preqin research, women account for 20.9 per cent of the alternative assets industry, and only 12.9 per cent of senior roles.
Venki Subramanian, managing director for Abu Dhabi at Apex, says: “We are excited to be working with Aliph Capital to support their active participation in the regional diversification drive, supporting companies to thrive and sustain into the future through active ownership and tech enablement.
“Our purpose as a business is to drive positive change for a more sustainable, inclusive and socially responsible future and to be the partner of choice to help diverse investor groups and management teams achieve their potential.”
Huda Al Lawati, CEO of Aliph, adds: “We are pleased to be working with a partner that demonstrates values aligned with our own commitment to promoting diversity and inclusion in the financial services industry.
“[Apex’s] scalable business model provides the fund administration services we require, now and in the future, and we have been impressed with their local team’s experience, flexibility and responsiveness.”
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