Australia’s Yarra Capital Management picks Apex for custody services
22 February 2023 Australia
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Yarra Capital Management has selected Apex to support its Yarra Private Capital Discovery Fund.
Apex Group will provide the fund with fund administration, transfer agency and custody services.
The Yarra Private Capital Discovery Fund provides investors with access to a portfolio of holdings in high growth potential, unlisted companies that have an intention to go public, or conduct a sales process within a three-year timeframe.
Yarra Capital Management is one of Australia’s largest independently owned, active fund managers, offering investors access to equities, value equities, fixed income and multi-asset products.
The appointment follows Apex Group’s continued growth in Australia and New Zealand, with acquisitions of Mainstream Group and MMC.
Tom O’Neill, head of client relationship management for Australia at Apex Group, comments: “In Australia and globally, there has been a substantial increase in the number of fast-growing, profitable unlisted companies raising late-stage equity prior to listing on public markets.”
David Acton, portfolio manager of the Yarra Private Capital Discovery Fund, adds: “We are well positioned to invest in high-quality private businesses that require patient capital to help achieve their growth ambitions at a crucial stage in their development.
“We are delighted to appoint Apex Group, whose single-source solution delivers significant cost and resource efficiency – allowing us to focus on researching, identifying and investing in this exciting, high growth segment of the market.”
Apex Group will provide the fund with fund administration, transfer agency and custody services.
The Yarra Private Capital Discovery Fund provides investors with access to a portfolio of holdings in high growth potential, unlisted companies that have an intention to go public, or conduct a sales process within a three-year timeframe.
Yarra Capital Management is one of Australia’s largest independently owned, active fund managers, offering investors access to equities, value equities, fixed income and multi-asset products.
The appointment follows Apex Group’s continued growth in Australia and New Zealand, with acquisitions of Mainstream Group and MMC.
Tom O’Neill, head of client relationship management for Australia at Apex Group, comments: “In Australia and globally, there has been a substantial increase in the number of fast-growing, profitable unlisted companies raising late-stage equity prior to listing on public markets.”
David Acton, portfolio manager of the Yarra Private Capital Discovery Fund, adds: “We are well positioned to invest in high-quality private businesses that require patient capital to help achieve their growth ambitions at a crucial stage in their development.
“We are delighted to appoint Apex Group, whose single-source solution delivers significant cost and resource efficiency – allowing us to focus on researching, identifying and investing in this exciting, high growth segment of the market.”
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