Apex appointed as fund administrator to Preservation Capital Partners

Fund administration is at the core of Apex’s offering, providing clients with timely, accurate and independent portfolio administration using innovative technology and highly qualified personnel with local expertise.

Preservation Capital, a specialist investor in the asset-light financial services sector, last month announced the closing of its debut fund, Preservation Capital Partners Fund I at its hard cap of £309 million ($400 million)

Apex’s fully integrated global fund administration system and high-speed, real-time processing enables the delivery of accurate financial information, multi-currency transaction processing and flexible valuation periods. Apex’s experienced team 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 comments: “We are pleased to announce that we have been appointed to provide administration services to Preservation Capital. 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 with partnering with Preservation Capital to provide our services and advice throughout the lifecycle of Fund I.”

Jatender Singh Aujla, Managing Partner and Founder of Preservation Capital Partners adds: “We chose to partner with Apex, due to their proven ability to deliver the highest levels of service at a competitive price point as an independent third party provider. 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.”

About Apex

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With 45 offices worldwide and 3,500 employees, Apex delivers an extensive range of services to asset managers, capital markets, 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 products in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.

Preservation Capital Partners

Preservation Capital Partners is a middle market private equity firm specializing in the financial services sector. We focus on partnering with market leading companies with proven and resilient business models that have demonstrated strong revenue growth.

We strive to deliver consistent and superior returns for investors and partners, through the application of our deep sector expertise, collaboration with best in class management teams, and hard work to generate superior value creation.

One of the central tenets of Preservation Capital Partners’ investment approach is to back outstanding incumbent management teams that have demonstrated an ability to outperform the market and can build durable growth businesses over an extended time horizon. Alignment of interests is central to this approach and as such management teams are typically significant shareholders in any business that we back.

We have a flexible investment mandate and can invest as both a minority and majority investor, with a minimum equity investment of £20m and maximum of £100m equity per investment.

Press contacts:

Head of Media Relations

Antonia Powell Antonia.powell@apexfs.com