Apex wins fund admin and trustee mandate for crypto ETP
Apex has been mandated to provide trustee oversight services and back-office administration for the BTCE Bitcoin ETC.
Apex has been mandated to provide trustee oversight services and back-office administration for the BTCE Bitcoin ETC.
Start-up fund administrator to focus on private equity and venture capital out of the Channel Islands.
The launch of the service comes as the roles of the COO and CFO are increasingly becoming blurred with other functions within an investment manager.
Investment backing of fund administrator grows as Carlyle Group continues to put money into the fund services space.
The acquisition of MAF will add nearly $12 billion in assets under administration and custody, and increases its overall headcount in the Americas to 400 staff.
Depositary license extends Apex’s offering which also includes Luxembourg, the Channel Islands, Malta and Ireland.
The two hires follow a period of extensive growth in the corporate solutions space for Apex over the past year.
The partnership with Calypso will enhance Apex’s ability to provide independent middle and back-office services to clients.
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.
Preservation Capital will leverage Apex’s global fund administration platform and real-time processing for its debut private equity fund.