Apex renews partnership with Federation Asset Management
21 May 2021 Australia
Image: Johnstocker/adobe.stock.com
Apex Group, a global financial services provider, has expanded its existing relationship with Federation Asset Management to provide fund administration, share registry and regulatory services to the Sustainable Australian Real Asset Trust (SARA).
SARA is the only pure-play energy-transition investment fund of its kind focused on the Australian market, according to Apex.
The fund will invest in renewable energy projects and developments, energy storage systems and other sustainable infrastructure projects and developments across Australia and New Zealand.
The SARA trust is targeting AUS $750 million in capital commitments and launched in December 2020 with signed anchor commitments of approximately 10 per cent of its target size.
This announcement follows the recent launch of subsidiary Throgmorton Australia which provides locally delivered tax compliance services in addition to accounting, HR, payroll, and company secretarial services to Australian clients.
Valerie Mantot-Groene, regional managing director APAC at Apex Group, comments: “By providing flexible and reliable fund administration solutions we will allow the Federation management team to focus on the job at hand: identifying and executing investment opportunities which will fuel the energy transition.”
Stephen Panizza, partner at Federation, affirms: “We have received the high level of responsive service we have come to expect from Apex, and have been particularly impressed by their local team who demonstrate extensive knowledge of the Australian regulatory requirements and closed ended structures and strategies.”
SARA is the only pure-play energy-transition investment fund of its kind focused on the Australian market, according to Apex.
The fund will invest in renewable energy projects and developments, energy storage systems and other sustainable infrastructure projects and developments across Australia and New Zealand.
The SARA trust is targeting AUS $750 million in capital commitments and launched in December 2020 with signed anchor commitments of approximately 10 per cent of its target size.
This announcement follows the recent launch of subsidiary Throgmorton Australia which provides locally delivered tax compliance services in addition to accounting, HR, payroll, and company secretarial services to Australian clients.
Valerie Mantot-Groene, regional managing director APAC at Apex Group, comments: “By providing flexible and reliable fund administration solutions we will allow the Federation management team to focus on the job at hand: identifying and executing investment opportunities which will fuel the energy transition.”
Stephen Panizza, partner at Federation, affirms: “We have received the high level of responsive service we have come to expect from Apex, and have been particularly impressed by their local team who demonstrate extensive knowledge of the Australian regulatory requirements and closed ended structures and strategies.”
← Previous fund services article
Universal-Investment boosts plans to become the leading European ManCo
Universal-Investment boosts plans to become the leading European ManCo
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
