Apex Group wins Capital Prudential mandate
Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announces its appointment by Capital Prudential Manager Pty Ltd (“Capital Prudential”) to support the Capital Prudential Real Estate Master Trust.
Capital Prudential is a leading non-bank financial institution, offering attractive returns from pooled investment in diversified property developments delivered entirely as regular predictable income streams. Apex Group has been appointed to provide Fund Administration, Loan Administration and Compliance Services, to supplement Capital Prudential’s centralised risk management, treasury and settlements function to ensure that investors benefit from best-in-class risk management.
Fund administration is at the core of Apex’s single-source solution, delivering timely, accurate and independent services, underpinned by market leading technology platforms. According to a recent Total Economic Impact (TEI) report by Forrester Consulting, clients of Apex Group’s single-source solution achieve, on average, cost benefits of $5.39m, with a net present value of $2.75m over a three-year period. Apex Group’s Loan Administration offering is seamlessly integrated with Fund Administration services and technology platforms, to deliver cohesive end-to-end solution.
Alongside fund and loan administration support, Apex Group will also deliver tech-enabled compliance solutions to meet their operational and regulatory obligations. Apex Group’s Global Compliance Solutions team, which has recently expanded in Singapore, works closely with the Group’s Corporate Solutions experts to combine regulatory compliance with back office, bookkeeping and entity formation services, ensuring a seamless solution for clients, from licensing to full launch and ongoing support to businesses.
This appointment follows Apex Group’s continued growth in Australia and New Zealand, including the strategic acquisitions of Mainstream Group and MMC, and new client wins including Foord Asset Management, Octopus Investments Australia, Perennial Partners and New Forests.
Andrea Gallenca, Head of Private Market Sales, Australia at Apex Group comments: “We are excited to be working with Capital Prudential through the provision of locally delivered fund and loan administration as well as compliance services. Our integrated solutions will enable Capital Prudential’s experienced team to focus their attention on generating stable fixed income returns from diversified property development portfolios whilst maintaining a deep focus on capital preservation and risk management.”
Sam Moore, Managing Director, Capital Prudential Funds Management further adds: “We appointed Apex Group as their agile, global single-source solution delivers efficiency, tailored to our fund and loan administration, as well as compliance needs, through one convenient relationship. We look forward to working together deliver the highest levels of governance and operational efficiency, for the benefit of our investors.”
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and more than 10,000 employees upon the close of announced acquisitions, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
About Capital Prudential
Founded in 2019, Capital Prudential is a specialist fund management, asset management and advisory firm based in Adelaide, Australia.
Capital Prudential’s core focus is on creating investment opportunities in property development while providing a complete capital solution to a portfolio of partnered mid-scale property developers across residential, retail, commercial and industrial sectors in Australia.
Capital Prudential has a complementary advisory business, providing consulting services to banks, superannuation funds, financial institutions, government agencies, health insurers, aged care operators and Not- for-Profits. Advisory services have focused on Capital Structuring, Investment Strategies, Liquidity Management and Acquisitions.