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Apex Group continues relationship with Aizawa Asset Management for latest secondary fund

09 May 2022

Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, today announces the extension of its longstanding relationship with Aizawa Asset Management (“AAM”) to provide services to their new Cayman fund, Ariake Secondary Fund III LP (“ASF-III”).

Apex has been appointed to provide Fund Administration and Regulatory Services to ASF-III, having serviced AAM’s Ariake Secondary Fund I LP (“ASF-I”) and Ariake Secondary Fund II LP (“ASF-II”), since 2015.

AAM, one of Japan’s leading alternative investment management companies, completed the first closing of its third secondary strategy fund, ASF-III, on April 7, 2022, and has onboarded investors for its initial closing phase.

The Cayman Islands-domiciled ASF-III will, in accordance with its secondary strategy, acquire low liquidity assets such as fund LP interests to private equity funds as buy-out funds and venture capital funds, domiciled in and outside Japan, held with Japanese local investors, as well as unlisted company shares held with private equity funds. The partnership fund will co-invest along with top-tier Japanese private equity funds.

This announcement is the latest in a series of high profile appointments for Apex in the thriving Japanese alternative investment market, including Bee Alternatives Limited, an independent manager dedicated to secondary private equity investments and Integral Group, a Tokyo-based private equity group.

Yuko Shimizu, 清水優子, Business Development Director, Apex Group comments: “Secondary strategies are growing in popularity in the Japanese market as asset owners seek solutions for asset liquidation and more GPs and fund managers consider their exit strategies. This latest appointment is evidence of our ability to leverage our global experience from markets where these strategies are more mature, matched with local delivery and expertise.”

Shinobu Miyata, COO, Aizawa Asset Management further comments: “Our business relationship with Apex started in 2015, when we launched our first secondary fund domiciled in the Cayman Islands.  Apex is an experienced global administrator, and we have been impressed by the quality of their global team- from the hands-on administration team in Singapore, to the compliance team in Dublin and the knowledgeable Cayman Islands and US tax teams. Apex has demonstrated impressive follow-up through their Japanese relationship director, and the commitment and experience needed to provide excellent administrative support to our secondary fund business, and we look forward to continuing to work together.”

About Apex Group

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 50 offices worldwide and 9,000 employees upon the close of announced acquisitions, 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 services 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.

Press contact:

Antonia Powell Antonia.powell@apexfs.com 

About Aizawa Asset Management

With, “Striving to become the leading Japanese alternative asset management company” as its slogan, Aizawa Asset Management was established on Feb 1, 2021 as a result of a merger between a pioneer in Japanese hedge funds and a niche player in secondary strategies of Japanese private

assets. The company offers various alternative investment strategies, namely a Japanese equity long/short strategy, a value-up strategy, an insurance-linked strategy, an Asian trade finance strategy, and private equity secondary strategies to local and global investors.

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