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Apex Group Ltd. ("Apex" or "the Group"), a global financial services provider, has been appointed by Perennial Partners to provide fund administration services to Perennial Private Ventures Fund ("The Fund"). This mandate win follows a series of successful acquisitions for Apex in the region, including Australia-based Mainstream Group, and New-Zealand-based MMC.
Perennial Private Ventures Fund is targeting a raise of AUS$200m to invest in high growth private businesses, providing "patient" capital in the years before a potential liquidity event. The Fund has secured cornerstone investment and attracted further interest from private wholesale investors, family offices and superannuation funds.
The launch of the Fund follows the success of Perennial's...
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