Apex appointed by Yarra for $100m fund

Oksana Patron

23 February 2023

Yarra Capital Management has appointed financial services provider, Apex Group, to support its $100 million Private Capital Discovery Fund.

Apex has been appointed to provide fund administration, transfer agency and custody services, for the closed-ended vehicle.

The company said the appointment followed Apex Group’s growth in Australia and New Zealand, which included an acquisition of Mainstream Group and MMC as well as new client wins including Capital prudential, Foord Asset Management, Octopus Investments Australia, Perennial Partners and New Forests.

The Yarra Private Capital Discovery Fund provides investors with access to a diversified portfolio of holdings in high growth potential, unlisted companies that have an intention to go public or conduct a sales process within a three-year time horizon.

According to Yarra, the fund benefits from the governance, research, investment and capital markets expertise of Yarra’s Australian equities investment team and leverage  the experience of its analysts, industry experts and board of advisors.

“With IPO markets effectively closed, and businesses staying private for longer, we are well positioned to invest in high-quality private businesses that require patient capital to help achieve their growth ambitions at a crucial stage in their development,” David Acton, portfolio manager of the Yarra Private Capital Discovery Fund, said.

“We are delighted to appoint Apex Group, whose single-source solution delivers significant cost and resource efficiency – allowing us to focus on researching, identifying and investing in this exciting, high growth segment of the market.”