Apex Group’s Fund Services chosen for new LatAm Venture Capital Fund

en

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announces its appointment by Latin Leap to provide fund services to its venture capital fund.

<< Back
07/06/2023 |
  • Alex Contreras (002)

    Alex Contreras, SVP, Business Development at Apex Group

Latin Leap is a Venture Capital Studio seeking to contribute to the Latin American economy through technology investments in regional early-stagestart-ups and to soft-land purpose-driven technology companies in Latin America. It expects to invest USD$25m in around 15 startups over the next three years. It will mainly focus its investments on the AI-enabled, fintech, healthtech, edtech, proptech, and mobility tech sectors in Mexico, Colombia, Peru, and Chile.

Latin Leap has appointed Apex Group to provide a full suite of Fund Administration Solutions which will be delivered via Apex Group’s established Uruguay office, led by Agustin Mariatti.

Fund Administration is at the core of Apex Group’s single-source solution, delivering timely, accurate and independent services, underpinned by market leading technology platforms. According to a recent Total Economic Impact (TEI) report by Forrester Consulting, clients of Apex Group’s single-source solution achieve, on average, cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.

This appointment continues Apex Group’s growth momentum in Latin America, following the acquisitions of BRL Trust Investimentos and BRL DVTM, Brazil’s leading fund administrator and custodian and of MAF, the fund administration business of the Brazil-based Banco Modal.

Alex Contreras, SVP, Business Development at Apex Group comments: “The launch of Latin Leap’s VC fund is a welcome development against the wider backdrop of macroeconomic uncertainty slowing flows of capital to early-stage businesses. We are pleased to support Latin Leap, whose investment thesis focuses on investment in purpose-driven tech scale-ups that have a long-term positive impact on society, aligns with our own desire to provide positive change in the financial services industry. This latest appointment is testament to Apex Group’s ability to deliver unrivalled services and client experience, on a global scale, underpinned by leading technologies and experienced local teams.”

Stefan Krautwald, Managing Partner of Latin Leap adds: “We are delighted to partner with Apex Group as we launch our new Latin America focused early stage VC fund. We have been impressed by Apex Group’s ability to deliver reliable fund administration services across all our key jurisdictions with multilingual, expert local teams. As history has shown us, periods of market dislocation create opportunities for enterprising start-ups which seek capital to fund their growth; Apex Group’s fund administration services and single-source solution will enable us to scale our operations as we expand.”

Back to top  | << Back

Communiqués liés

Peter Hughes

Apex Group completes acquisition of MJ Hudson

Successfully closes acquisition of business units in Ireland, Luxembourg and Cha...

Apex
Stephen-Geddes
21/09/2023 Personnalités

Stephen Geddes to lead Apex Group in the UK

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial servic...

Apex
Apex logo 150x150 (002)
21/08/2023

Sadu Capital’s VC fund picks Apex Group services

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial servic...

Apex
Nicholas-Bradford-300x300 (002)
07/08/2023

Apex Group supports launch of new Australian investment mana...

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial servic...

Apex
Qasir Bashir (002)
02/08/2023 Personnalités

Apex Group appoints Qasir Bashir as Denmark Country Head

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial servic...

Apex
Peter Hughes

Apex Group to expand Japan presence with AXESS Accounting Of...

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial servic...

Apex

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more