Apex Group is going to provide its full suite of fund services to Frontera Capital Group (Frontera), an Abu Dhabi (UAE), UK and US global frontier markets fixed income investment firm.
As part of this, Apex will provide Frontera with fund management, administration, custody and corporate services.
The new partnership will enable Frontera to focus on its core competencies of deal origination, structuring and investing as Apex’s single-source solution has a unified point of contact across all aspects and operational demands of the fund.
Frontera is currently raising $400 million for their new Luxembourg fund from European institutional investors with final close expected towards the end of Q1 2021.
The fund aims at delivering superior risk-adjusted returns by leveraging its unique experience in sourcing and structuring frontier market debt.
David Rhydderch, global head of financial solutions at Apex Group, commented: “Frontera plays a key role in providing international investors with access to, and understanding of, frontier markets. As they raise their new fund, we are excited to provide the range of solutions required to support their fund operations.”
Rhydderch continued: “This is further evidence of our single-source offering presenting a compelling solution for investors looking to achieve efficiency and seamless integration throughout the value chain.”
Vicente Pons, managing director and shareholder at Frontera Capital, said: “Having all our fund services needs met by one provider with all solutions available under one roof will allow us to focus on the job at hand: raising capital, structuring and deploying it in target frontier markets.”
“Following their appointment, the Apex team has demonstrated exceptional expertise, international capabilities and a deep understanding of our strategy as well as the opportunities and challenges facing our business,” Pons added.
