Apex Group to provide fund administration services to Chinese VC fund

The deal marks the second mandate win for Apex in the last month.


By Chris Lemmon

Financial services provider Apex Group has been appointed to provide fund administration and corporate services to Starlight Capital, a Chinese venture capital firm.

Starlight Capital was founded last year by Tao Tang, who is the co-founder of Eastern Bell Capital. The firm targets the B2B enterprises services market, within the digital economy at an angle of early-stage opportunities. Four months after being established, Starlight successfully raised its first RMB fund, and is currently raising its first USD fund.

Through the agreement, Apex will provide Starlight with access to the eFront software solution which is designed to enhance efficiency and reporting transparency.

Amber Lo, head of business development, North Asia at Apex Group, said: “The appointment demonstrates the flexibility of the Apex model and our comprehensive range of services which deliver seamless support for funds throughout all stages of their fundraising and investment lifecycle.

“Apex’s services will allow Starlight to focus on their core purpose: raising and investing capital in early-stage opportunities to grow China’s digital economy and generate returns for their investors.”

Tao Tang, managing partner at Starlight Capital, added: “Apex’s single-source solution presents a compelling offering – allowing us to efficiently access all the fund and corporate services we require, through one service provider relationship. We have so far been impressed with the high quality of Apex’s services as well as the notable experience and responsiveness of the team. We look forward to continuing to work together on future funds and vehicles.”

The deal marks the second mandate win for Apex Group in the last month, after the firm was appointed by NEOR Crypto Volatility Fund (NEOR) to provide fund administration and transfer agency services.

NEOR is a long/short quantitative algo crypto vol trading fund with strategies based on artificial intelligence.