Apex Fund Services has expanded its private equity services following regulatory approval to open an office in Guernsey.
Apex Guernsey will support fund managers in Latin America, Middle East and Asian emerging markets as their demand for private equity fund structures increases. It will provide fund set up, portfolio valuations, fund accounting, shareholder services, corporate secretarial services, directorships and listing sponsorship.
Over 40% of all Guernsey closed ended funds are private equity.
In addition, Apex has launched its open-ended Protected Cell Company (PCC) platform for fund managers located in established and emerging markets to launch new funds. The PCC platform forms part of the Guernsey offices capability to service private equity, property, alternative asset and structured fund vehicles to all of Apexs clients globally.
Apex Guernsey is located in St. Peter Port and will be managed by Stephen Cuddihee.
(JDC)