Japan’s Aizawa Asset Management selects Apex for fund services
10 May 2022 Japan
Image: Chiyoda-ku, Japan
Japan-based Aizawa Asset Management (AAM) has selected Apex Group to provide fund administration and regulatory services to AAM’s new Cayman fund, Ariake Secondary Fund III LP (ASF-III).
Apex has serviced AAM’s Ariake Secondary Fund I LP and Ariake Secondary Fund II LP since 2015.
AAM completed the first closing of its third secondary strategy fund, ASF-III, in April 2022, and has onboarded investors for its initial closing phase.
The Cayman Islands-domiciled ASF-III will acquire low liquidity assets such as fund limited partner interests to private equity funds as buy-out funds and venture capital funds.
The funds are domiciled in and outside Japan and held with Japanese local investors.
The mandate is the latest in a series of partnerships for Apex with Japanese firms including the 2021 mandate with Bee Alternatives Limited, an independent manager dedicated to secondary private equity investments.
Yuko Shimizu, business development director at Apex Group, comments: “Secondary strategies are growing in popularity in the Japanese market as asset owners seek solutions for asset liquidation and more general partners and fund managers consider their exit strategies. This latest appointment is evidence of our ability to leverage our global experience from markets where these strategies are more mature, matched with local delivery and expertise.”
Shinobu Miyata, chief operating officer at Aizawa Asset Management, says: “Apex is an experienced global administrator, and we have been impressed by the quality of their global team. Apex has demonstrated impressive follow up through their Japanese relationship director, and the commitment and experience needed to provide excellent administrative support to our secondary fund business and we look forward to continuing to work together.”
Apex has serviced AAM’s Ariake Secondary Fund I LP and Ariake Secondary Fund II LP since 2015.
AAM completed the first closing of its third secondary strategy fund, ASF-III, in April 2022, and has onboarded investors for its initial closing phase.
The Cayman Islands-domiciled ASF-III will acquire low liquidity assets such as fund limited partner interests to private equity funds as buy-out funds and venture capital funds.
The funds are domiciled in and outside Japan and held with Japanese local investors.
The mandate is the latest in a series of partnerships for Apex with Japanese firms including the 2021 mandate with Bee Alternatives Limited, an independent manager dedicated to secondary private equity investments.
Yuko Shimizu, business development director at Apex Group, comments: “Secondary strategies are growing in popularity in the Japanese market as asset owners seek solutions for asset liquidation and more general partners and fund managers consider their exit strategies. This latest appointment is evidence of our ability to leverage our global experience from markets where these strategies are more mature, matched with local delivery and expertise.”
Shinobu Miyata, chief operating officer at Aizawa Asset Management, says: “Apex is an experienced global administrator, and we have been impressed by the quality of their global team. Apex has demonstrated impressive follow up through their Japanese relationship director, and the commitment and experience needed to provide excellent administrative support to our secondary fund business and we look forward to continuing to work together.”
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