VIAM is an established asset management group with over US$11 bn of AUM across multiple asset classes and key business centres in Hong Kong, Singapore, and South Korea.
Apex Group has been appointed to provide fund administration services to VIAM’s VI Asia Private Credit Fund LP, the firm’s private credit fund which provides financing solutions to Asian SMEs that are underserved by traditional financing channels and require capital to move to the next stage of growth and increased sustainable mode of operation going forward.
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. Apex Group’s Private Credit offering is seamlessly integrated with Fund Administration services and technology platforms, to deliver a cohesive end-to-end solution.
This appointment follows Apex Group’s continued expansion of its service offering for credit strategies, with the launch of the Apex Credit Data Lens. The Apex Credit Data Lens provides clients with unparalleled visibility of their portfolio as part of Apex Group’s complete credit services ecosystem, to ensure a seamless data flow through all aspects of the fund.
Jacob Fisher, Director, Strategic Client Group, APAC at Apex Group comments: “Allocations to private credit strategies in the APAC region have continued to grow as private credit has an important role to play by offering an alternative source of capital to companies seeking to fund post-Covid growth and expansion. Apex Group’s dedicated private credit specialists deployed via a global operating model, support clients with the technology and resources they need to raise and deploy capital as they successfully scale their operations.”
Sam Clothier, Executive Director, Business Development, VI Asset Management, further adds: “We are pleased to be working with Apex Group, a global fund services provider which shares our entrepreneurial values. We appointed Apex Group in recognition of their flexible and scalable fund administration services as well as their experience in providing fund administration services to evergreen private market funds. This was underpinned by their best-in-class technologies to help drive operational efficiencies and meet the ever-increasing informational demands of our fast-growing investment management business."
