Apex Group (Apex) has partnered with fintech company Inveniam Capital Partners (Inveniam) to provide valuation as a service (VaaS) to clients globally.
VaaS aims to expedite the process of real estate, private equity, infrastructure, and private credit asset valuation.
Through the partnership, Inveniam and Apex Group will use Inveniam’s patented blockchain technology and the Inveniam.io data operating system to deliver digitally credentialed and private asset data.
Invariam.io extracts relevant data from underlying documents and reformats it, giving third-party valuation providers real-time access.
The programme creates a fully auditable data trail of users’ activity, without asset owners being required to give up control of their own data.
Patrick O’Meara, CEO of Inveniam, says: “Public markets thrive because of trusted infrastructure and wide access to information for investors. Our technology and our strategic partnership with Apex Group will allow us to revolutionise the private markets by bringing a new level of trusted information, price discovery, and transparency to private markets. We are setting a new global standard for trusted private market data.”
Georges Archibald, chief innovation officer and regional head of North America at Apex, comments: “As allocations to private asset classes continue to grow, trusted data is essential to being able to transact in private market assets. Using data that is verified on blockchain, through our innovative partnership with Inveniam, will create efficiencies and deliver benefits for the US$3 trillion of client assets we service.”
