Apex Group Ltd. (“Apex”), a global financial services provider, announces today that it will provide its full suite of fund services to Frontera Capital Group Limited (“Frontera”), a well-established Abu Dhabi (UAE), UK and US global frontier markets fixed income investment firm.
Apex will provide Frontera with fund management (AIFM), administration, custody and corporate services. This new partnership will allow Frontera to benefit from Apex’s single-source solution, with a unified point of contact across all aspects and operational demands of the fund, enabling Frontera to focus on their core competencies of deal origination, structuring and investing.
Apex has a long-established presence in the European regulated market, providing an extensive range of locally delivered solutions across banking, depositary, custody, fund administration and corporate solutions. Frontera selected Apex due to their range of relevant solutions, depth of experience and reputation for providing a responsive, flexible and solution-oriented service.
Frontera is currently raising USD$400 million for their new Luxembourg fund from European institutional investors with final close expected towards the end of Q1 2021. The fund aims at delivering superior risk-adjusted returns by leveraging its unique experience in sourcing and structuring frontier market debt.
This news follows the announcement of Apex’s planned acquisition of FundRock. Upon completion of the transaction, Apex will reach close to $1 trillion in combined assets across administration, custody, depositary and under management, further solidifying its global position as one of the world’s largest financial service providers.
David Rhydderch, Global Head of Financial Solutions at Apex Group comments: “Frontera plays a key role in providing international investors with access to, and understanding of, frontier markets. As they raise their new fund, we are excited to provide the range of solutions required to support their fund operations. This is further evidence of our single-source offering presenting a compelling solution for investors looking to achieve efficiency and seamless integration throughout the value chain.”
Dr. Vicente Pons, Managing Director & Shareholder at Frontera Capital adds: “Having all our fund services needs met by one provider with all solutions available under one roof will allow us to focus on the job at hand: raising capital, structuring and deploying it in target frontier markets. Following their appointment, the Apex team has demonstrated exceptional expertise, international capabilities and a deep understanding of our strategy as well as the opportunities and challenges facing our business.”