Apex Group wins Octopus Investments Australia mandate
Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, today announces its appointment by Octopus Investments Australia (“Octopus Australia”) to provide services to its fund structures focussed on renewables investment.
Octopus Group is one of the largest owners of renewable energy projects in Australia and Europe, owning some 260 assets on behalf of wholesale and institutional investors. Octopus Australia is responsible for managing over AUD$1 billion of construction and operational assets.
Octopus Australia is building a portfolio of renewable energy assets that will help Australia lower its carbon emissions and meet its renewable energy targets while delivering sustainable, long-term returns for investors.
Since launch, Octopus Australia has already seen sizable growth of their team, portfolio and the launch of innovative partnerships. Within the Octopus portfolio is Australia’s largest solar plant, the 333MW facility in Darlington Point, NSW – enough to power 115,000 homes and Octopus recently partnered with the $10bn Clean Energy Finance Corp, to invest in renewables in Gippsland.
Apex will provide Octopus Australia with Fund Administration, Investor Onboarding, Share Registry and Tax Services for new fund structures dedicated to investing in renewable energy in Australia. These fund administration services sit at the core of Apex’s single source offering and are underpinned by the industry’s leading technology platforms.
This announcement follows a series of high profile strategic acquisitions for Apex in Australia and New Zealand, including Mainstream Group, MMC and IFAA, and strong organic growth momentum including appointments by Australian growth investor Perennial Partners and nature-based real assets investment manager New Forests.
Andrea Gallenca, Head of Private Market Sales – Australia at Apex Group comments: “As a carbon neutral business that has offset a lifetime of carbon emissions, Apex is the perfect fit to be supporting Octopus Australia as they invest in renewables. Our robust and scalable technologies and fund administration services will allow the Octopus Australia team to focus on facilitating the deployment of capital towards projects which benefit not only their investors, but our planet, now and in the future.”
Campbell Ross, Head of Finance and Operations -Octopus Australia further adds: “We believe there is a huge opportunity to unlock investment in renewables by building a bespoke portfolio of renewables assets to create better outcomes for our investors. Apex has demonstrated exceptional quality of service, underpinned by flexible and adaptable technology systems and platforms, which crucially, can meet our fund administration needs as they evolve as we continue to grow our portfolio. We look forward to working closely with the knowledgeable Apex team in Australia.”
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With 85 offices in 42 countries worldwide and 10,000 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.
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About Octopus Investments
Founded in 2000, Octopus Investments set out to be a financial services company with a difference, and one that put its customers first. A part of Octopus Group, today we manage more than £12.5 billion on behalf of over 63,000 investors and have over 750 employees.
Octopus Group is one of the largest owners of renewable energy projects in Australia and Europe, it owns some 260 assets, on behalf of wholesale and institutional investors. Domestically, Octopus Australia is responsible for managing over $1 billion, across construction and operational assets.