Apex Group Ltd (“Apex Group”), a global financial services provider with over $3.5 trillion in assets serviced, is pleased to support the Resonance Housing Pathways Fund with depositary services.
The Resonance Housing Pathways Fund is the first-ever Reserved Investor Fund (RIF). Melville Rodrigues, our Head of Real Estate Advisory, has had a lead role in the design and advocacy through the UK Parliamentary process of the RIF legislation.
Resonance is one of the UK's leading social impact investors. To date its homelessness property funds have provided homes for about 4,000 adults and children across the UK who were experiencing or at risk of homelessness. Resonance Housing Pathways Fund has secured ÂŁ118m from investors, and targets to raise ÂŁ700m by the end of 2030.
Apex Group’s appointment as depositary underscores our role as a trusted partner to managers considering RIF launches.
Simon Chisholm, Chief Investment Officer at Resonance, said:
“The launch of the Resonance Housing Pathways Fund marks an important milestone for both social impact investing and the UK funds market. As the first Reserved Investor Fund, it was important that we partnered with an organisation that understands the regulatory framework and governance requirements of this innovative structure. Apex Group's expertise and involvement in the development of the RIF regime made them a good fit to support the fund as depositary as we work to grow our impact across communities throughout the UK.”
Melville Rodrigues, Head of Real Estate Advisory at Apex Group, added:
“RIFs are opening the door to a new generation of UK funds that combine regulatory oversight with clear social outcomes. Our work with the Resonance Housing Pathways Fund reinforces Apex Group’s ability to support innovative fund structures and the managers driving them.”
Newsroom
Marion Janic I Head of Media Relations
About Apex Group
Apex Group is dedicated to driving positive change in financial services while supporting the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the industry through its investment in innovation and talent.
Today, Apex Group sets the pace in fund and asset servicing and stands out for its unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.
Apex Group leads the industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support, as well as digital and AI solutions. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands.
The Apex Foundation, a not-for-profit entity, is the Group’s passionate commitment to empower sustainable change.
