Apex Grows Private Equity Arm and Signs Pro-Invest

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PRO-INVEST GROUP SIGN FUND ADMINISTRATION AGREEMENT WITH APEX

May 16th, 2016: Australia: Pro-invest Group, specialist Private Equity Real Estate investment firm, today announces the signing of a fund administration agreement with global independent fund administrator, Apex Fund Services. The partnership will deliver Pro-invest Group with the specialist private equity real estate fund accounting, regulatory reporting and middle office support services required to provide the neccessary infrastructure and support investments.

Apex’s global presence and breath of service capabilities spanning the full value chain of a fund will ensure Pro-invest is supported by administrative resources that enable them to deliver cross-boarder services to their clients. With $300m (AUD) in committed capital, Pro-invest’s vision to provide tailored products to clients from Europe, the Middle East, Asia and North America will be reinforced by Apex’s local office presence and expertise in these regions.

Ronald Barrott, Chief Executive Officer, Pro-invest Group said, “Pro-invest Group recently reached a significant milestone through the opening of Australia’s first Holiday Inn Express hotel in March this year. At this important stage in our growth and success, it is essential that we work with an administrator who understands our business model but also more importantly our guiding principles of trust, integrity and commitment. Apex and Pro-invest have a shared vision in this area and Apex’s approach to service provision echoes our core values. As we look to capitalise on unique investment opportunities for our clients, we need flexible service providers who can evolve along with us. This partnership will allow us to confidently focus on our investment mission, whilst being operationally supported by qualified experts to achieve our growth goals.”

Srikumar TE, Managing Director at Apex Fund Services APAC, said: “We are delighted to be working with Pro-invest Group at this time. The flexible nature of Apex’s approach to service provision makes us ideally suited to administer a private equity and real estate fund of this nature. We are fully invested in supporting Pro-invest’s mandate to deliver tailor-made services and investment opportunities to clients. As an independent provider we have the ability to align our solutions and support services to robustly support real estate investments. Apex has experienced 35% growth in private equity and real estate clients over the past year, and we now host eight private equity and real estate centres of excellence across the group. We have built a focused and flexible solution to support Pro-invest with strong internal controls and experienced staff to ensure their commitment to achieving success is continually realised.”

 

For more details, please contact either [email protected] or Rosie Guest at [email protected].

 

Notes to editors

About Pro-invest Group

Pro-invest Group is a boutique investment firm specialised in Private Equity Real Estate and Real Estate asset management. Combining in-depth market insights, innovative investment products, the expertise of a seasoned management team and passion for investing, Pro-invest Group has the resources and experience to capitalise on opportunities and deliver results exceeding market returns. Whether in Australia, the Gulf Region or Europe, Pro-invest focuses on investment opportunities in market areas demanding special knowledge of operations, industry experience and access to an extensive network. www.proinvestgroup.com

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.

Click Here for more about Apex Private Equity and Real Estate Services.

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