Apex secures administration mandate win from Carlyle Group spin-off fund Melior 

Melior Equity Partners was spun out of the investment team from The Carlyle Group’s Irish activities and has selected Apex for fund admin and depositary services. 

By Jonathan Watkins

Apex Group has announced its second private equity mandate win in the space of a week after Melior Equity Partners selected the firm to provide fund administration and depositary services to its debut fund. 

Melior was launched in early 2020 following the completion of a spin-out of the investment team from The Carlyle Group’s Irish activities.  

The fund has recently held a first close for its Luxembourg domiciled debut fund.  

The deal follows the announcement last week that Apex had been appointed the fund administrator for UK private equity fund Preservation Capital Partners. 

For Melior, Apex will provide financial reporting, company secretary, investor communication, capital transactions and legal liaison. 

“We are delighted to be working with Melior to provide administration services to their new fund,” said Srikumar T. E., global head of fund solutions at Apex Group. 

Successfully launching and raising a debut fund during the COVID-19 pandemic is extremely impressive and is testament to the experience of the founders and their investment approach. We look forward to supporting Melior’s team throughout their growth and to providing scalable fund administration services as they seek to build a leading investment firm.” 

Apex has also been active through the summer, despite the global pandemic, with new launches including a new environmental, social and governance (ESG) ratings and scoring platform for the private markets. 

Meanwhile in Global Custodian’s latest Private Equity Administration survey, Apex Group both improved on its score from 2019, while also outperforming the market average with particularly high scores in client service and technology.   

The full survey results will be released on the week beginning 7 September.