Apex has been selected as fund administrator for Preservation Capital Partners, a specialist investor in asset-light financial services.
Last month, Preservation Capital announced the closing of its debut fund at the hard cap of £390 million.
Apex will deliver a full suite of fund administration services to Preservation Capital including financial reporting, company secretary, investor communication, capital transactions and legal liaison.
Srikumar T. E., global head of fund solutions at Apex Group, commented: “Successfully raising a debut fund during the COVID-19 pandemic is no mean feat, and is testament to the strength of Preservation Capital’s investment approach.”
“Our experienced fund administration team look forward to partnering with Preservation Capital to provide our services and advice throughout the lifecycle of Fund I.”
Jatender Singh Aujla, founder and managing partner of Preservation Capital Partners, added: “Apex’s help and support has been invaluable as we raised our debut fund and we look forward to working with the team for many years going forward.”
