VI Asset Management (VIAM) has appointed Apex Group to provide fund administration services to its inaugural evergreen Asia Private Credit Fund.
VIAM is an asset management group with multiple asset classes and key business centres in Hong Kong, Singapore, and South Korea.
It provides financing solutions to Asian small- and medium-sized businesses that are underserved by traditional financing channels and require capital to move to the next stage of growth and operation.
Apex Group’s private credit offering is integrated with its fund administration services and technology platforms.
This appointment follows Apex Group’s continued expansion of its service offering for credit strategies, with the launch of the Apex Credit Data Lens.
The service provides clients with visibility of their portfolio as part of Apex Group’s credit services ecosystem, to ensure data flow through all aspects of the fund.
Jacob Fisher, director, strategic client group for APAC at Apex Group, comments: “Allocations to private credit strategies in the APAC region have continued to grow as private credit has an important role to play by offering an alternative source of capital to companies seeking to fund post-COVID-19 growth and expansion.”
Sam Clothier, executive director of business development at VIAM, adds: “We appointed Apex Group in recognition of their flexible and scalable fund administration services as well as their experience in providing fund administration services to evergreen private market funds.”
