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Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announced that it has been appointed by PAPE Fund Managers (Pty) Ltd (PFM), a division of PAPE Group (Pty) Ltd (“PAPE”), a boutique private equity fund manager to provide fund administration services. PFM acts on behalf of the PAPE Fund 3 Limited Liability Partnership comprising nine investor groups.
PAPEfunds, the private equity management division of PAPE Group, provides long-term equity risk capital into pedigreed South African mid-cap unlisted enterprises. PAPEfunds has been raising and managing funds since 2006; namely PAPE Fund 1 and Fund 2 and in early 2020 closed fundraising for PAPE Fund 3, a private equity limited liability partnership fund capitalized at ZAR1.03bn by...
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