Apex Group wins fund admin mandate from real estate investor Valpre Capital

Apex to provide fund administration along with corporate and depositary solutions to the Valpre Capital Dublin Real Estate Fund.

By Joe Parsons

Apex Group has won a full fund administration mandate from London-based fund manager Valpre Capital. 

In addition to fund administration, Apex will also provide corporate and depositary solutions to the Valpre Capital Dublin Real Estate Fund, which has a target portfolio size of €150 million and will invest primarily in the Irish residential property sector.

These services include transfer agency, financial statements, regulatory reporting and AML services as well as depositary for the fund, delivered via the Apex and European Depositary Bank subsidiary.

“Apex presented a compelling single-source solution encompassing fund administration, corporate and depositary services, affording the flexibility required to meet both the fund’s current and future needs,” said Mazen Abou Chakra, founder & managing partner, Valpre Capital.

“We have already benefited from Apex’s multi-jurisdictional experience and have been impressed by the quality of the team’s communication and efficiency; we look forward to working together throughout the lifecycle of the fund.”

Over the past year, Apex has bolstered its real estate fund administration business through investment into new technologies and hiring several industry executives.

These included the recruitment of Michael Sheahan from Vistra as global head of real estate fund services, and Barry Hindmarch from BlackRock to the newly created role of head of real estate, UK & Ireland and Channel Islands.

Apex also partnered with investment and property management software vendor Yardi to deliver a new global real estate solution, and last month, Apex announced it would acquire Banco Modal’s Brazilian private equity and real estate fund administration business.

“We are delighted to announce Apex’s latest appointment by Valpre Capital who will benefit from our single-source solution providing fund administration, depositary and custody services. Valpre Capital value both our global reach and experienced local teams and we will provide them with the support they require to continue to as one of the most innovative investors in the Irish real estate market,” said John Bohan, co-founder and country head business development (Ireland), Apex Group.