OurCrowd enlists Apex to service Australian investors
Asset services provider Apex Group said it has been appointed by Israel-based OurCrowd, a global venture capital investment platform, to provide fund services and to help attract investors in Australia and New Zealand. Formed in 2013, OurCrowd is Israel’s most active venture capital firm, having deployed over 1.8 billion dollars in committed capital to date.
China’s Starlight picks Apex for fund services
Starlight Capital, a China-based venture capital group founded in 2021, has picked Apex Group to provide it with fund administration and corporate services, the companies announced on Monday.
Apex, active in the Luxembourg fund services ecosystem also with FundRock and LRI Invest, said it will service Starlight’s latest funds and provide it with its eFront software solution that will enhance efficiency and reporting transparency through a robust and scalable platform.
People: Mancos Apex, Universal-Investment strengthen teams
Two of Luxembourg’s biggest asset services companies, Apex and Universal-Investment, have recently strengthened their client services teams.
Crypto volatility fund NEOR takes Swiss-Cayman route
Apex Group said on Monday it has been appointed by the NEOR Crypto Volatility Fund Ltd to provide it with administration and transfer agency services. The fund, registered with the Cayman Islands Monetary Authority, will be managed by Switzerland-based Eagle Eye Finance Sàrl, supervised by Swiss financial regulator FINMA.
FundRock leads Premium Maritime Credit Fund
FundRock, a unit of Apex Group, said on Tuesday that it will serve as in-house manager of the Premium Maritime Credit Fund, a new Luxembourg-based fund that first closed in January after raising 110 million dollars from European institutions and family offices.
Raif becoming vehicle of choice for alternatives
An alternative investment vehicle that relatively swiftly established itself in Luxembourg continued to become more popular last year, an analysis of data filed with the country’s business register shows. If growth continues at the current pace, Luxembourg will be home to more than 2,000 such funds, known as Raifs, by the end of this year.
Fund administrators confront cybersecurity
Some businesses were driven to quickly put systems in place as the pandemic drove a sudden move to remote working. This has however meant that despite most businesses having a cybersecurity strategy in place, they haven’t had the time to understand everything that these new technologies can do, according to George Ralph, global managing director at RFA, a cybersecurity provider to the financial services sector.