Partners Capital is a leading Outsourced Investment Office managing over $51bn of assets and acting for distinguished endowments and foundations, senior investment professionals and prominent families across the globe. Apex Group previously supported the launch of Partners Capital’s Asia-focused fund with fund administration and management company services in 2022.
FundRock will provide ManCo services for Partners Capital’s flagship fund, having supported the fund’s recent re-domiciliation to Luxembourg alongside Partners Capital teams from project design through to final execution.
FundRock is one of the largest ManCos in Europe, overseeing more than 1,200 funds with a total of €229 billion in assets under management, serviced by more than 500 experts in 12 key jurisdictions globally.
FundRock enables clients to streamline their operations in a cost-effective manner by offering third-party ManCo and, complemented by a wide range of fund administration, depositary and custody services delivered through parent company Apex Group. This is the latest in a series of high profile ManCo mandate wins for FundRock.
Jean-Daniel Zandona, Regional Head, Business Development at Apex Group comments: “We are proud of our recent and ongoing work to support Partners Capital’s investment operations. Partners Capital’s flagship fund, will now be fully available to qualified investors in Europe and beyond. The relationship that we are building with Partners Capital across their global business is testament to the success of our single-source solution, offered globally and delivered by exceptional local teams.”
Romain Denis, Managing Director, FundRock further comments: “This latest mandate win for FundRock in Luxembourg follows a wider trend of funds seeking to partner with established third-party management companies to efficiently access European investors. We look forward to continuing our work with Partners Capital, offering significant substance and technology to deliver efficiencies and support their requirements.”
Toby Seth, Partner & Global CFO for Partners Capital adds: “We carefully reviewed our options to further boost the distribution reach of our flagship fund with moving the fund to Luxembourg quickly and efficiently as the best way to do so. Both Apex Group and FundRock teams have provided phenomenal support to guide and de-risk the migration of the fund which we executed in record time.”
FundRock Management Company is a leading independent UCITS management company and AIFM investment fund manager headquartered in Luxembourg. It is a subsidiary of Apex Group. As of March 31, 2023, more than 500 employees of the companies under the FundRock brand* oversaw more than 1,200 funds with a total of €229 billion in assets under management in 12 countries. (* including FundRock, FundRock LIS and FundRock LRI).
About Partners Capital
Founded in 2001, Partners Capital is an Outsourced Investment Office acting for distinguished endowments and foundations, senior investment professionals and prominent families across the globe. With $51B in assets under management, the firm constructs customised investment portfolios for its clients tapping into its deep network of partnerships with what we consider exceptional asset managers across all major asset classes. The firm employs more than 300 people across its seven offices located in Boston, New York, London, San Francisco, Paris, Singapore and Hong Kong.
Disclaimer: Past performance is not indicative of future returns, your capital is at risk and you may not get back the full amount invested
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