BCP Sign Fund Administration Agreement with Apex

As part of the recent acquisition of four High Street buildings in a prime Dublin 2 location by BCP and Meyer Bergman, BCP announced the successful launch of two new funds with global independent administrator Apex Fund Services; The Kells Investment Fund I and Kells Investment Fund II. The BCP acquisition was in partnership with Meyer Bergman and is valued in excess of EUR€100 million.

BCP, one of the leading independently owned investment managers in the Irish market, boasts over EUR€2 billion in assets under management and has an exceptionally strong track record in commercial property. Apex Fund Services is one of the world’s largest independent administrators, with local offices in both Dublin and Cork, and a total AuA of $45bn USD.

John Calvert, CEO of BCP, said, “BCP has chosen to partner with Apex to deliver our fund administration requirements as they demonstrate an exceptional knowledge and capability of service in the private equity and property funds space in particular. They combined commerciality with strong technical support and compliance knowledge. We required an expert administrator that could deliver a cost effective solution for our 3 existing funds, with further funds planned. Having completed the required infrastructure, Apex continues to work closely and effectively with our internal operations and administration teams”.

John Bohan, Managing Director for Apex EMEA and Apex Ireland, said, “We are delighted to be able to provide BCP with the specific solution they require to support this important part of their investment portfolio. We have a great deal of experience administering regulated funds, both liquid and illiquid, and can add true value to support the already robust internal infrastructure at BCP. Apex is committed to delivering relationship based service and unrivalled experienced resource to our clients and will support BCP’s real estate investments locally, via our Dublin office.”

For more details, please contact either Rosie Guest rosie@apexfunds.co.uk or Adrian Missen amissen@bcp.ie

About BCP Asset Management

Over the last 50 years, BCP Asset Management has established itself as a specialist independently owned investment group with over €2 billion of assets now under management. BCP takes a prudent and conservative approach to investment management, which has helped the business grow counter-cyclically especially in recent years. BCP’s core expertise revolves around Multi-Asset, Absolute Return, Commercial Property, Equity and Fixed Income investments. BCP was awarded the prestigious title of ‘Property Manager of the Year’ for 2014 and 2015 at the Irish Pensions Awards, ahead of all the insurance companies and other property investment managers in the market. www.bcp.ie

About Apex Fund Services

Apex Fund Services, established in Bermuda in 2003, is one of the world’s largest specialist fund administration and middle office solutions providers. Apex has continually improved and evolved its product suite by surrounding these core administrative services with additional products spanning the full value chain; from information delivery and regulatory products to capital introduction services. The globally distributed service model is delivered by over 600 staff across 23 full service centres and an additional 10 sales offices. Apex now administers the investments of some of the largest funds and institutional investors in the world. www.theapexgroup.com