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Apex Group appointed by Federation Asset Management for Sustainable Australian Real Asset Trust

19 May 2021

Apex Group Ltd. (“Apex”), a global financial services provider, announced that it has expanded its existing relationship with Federation Asset Management (“Federation”) to administer the Sustainable Australian Real Asset Trust (“SARA”), the only pure-play energy-transition investment fund of its kind focused on the Australian market.

Apex has been mandated by Federation to provide Fund Administration, Share Registry & Regulatory Services (Australian Tax & FATCA/CRS reporting) to the Fund. These services are underpinned and delivered via market leading technology platforms including eFront.

SARA will invest in renewable energy projects & developments, energy storage systems and other sustainable infrastructure projects & developments across Australia and New Zealand. The SARA trust is targeting AUS$750m in capital commitments and launched in December 2020 with signed anchor commitments of approximately 10% (at market exchange rates) of its target size.

This announcement follows the recent launch of subsidiary Throgmorton Australia Pty Ltd. a registered Tax Agent & ASIC agent, providing locally delivered tax compliance services in addition to accounting, HR, payroll, and company secretarial services to Australian clients.

Valerie Mantot-Groene, Regional Managing Director - APAC at Apex Group comments: “There is an exciting growth opportunity in the Australian renewables sector as the transition to a low carbon economy gets underway. We are delighted to partner with longstanding Apex client, Federation, to support their innovative role in driving that transition. By providing flexible and reliable fund administration solutions, we will allow the Federation management team to focus on the job at hand: identifying and executing investment opportunities which will fuel the energy transition.”

Stephen Panizza, Partner at Federation adds: “We are pleased to expand our relationship with Apex for Fund Administration, Share Registry & Regulatory Services for our SARA fund. Apex share our commitment to driving capital towards assets which will effect real environmental change. We have received the high level of responsive service we have come to expect from Apex, and have been particularly impressed by their local team who demonstrate extensive knowledge of the Australian regulatory requirements & closed ended structures and strategies.”

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