Apex Group Ltd has been appointed by Perennial Partners to provide fund administration services to the Perennial Private Ventures Fund.
Perennial Private Ventures Fund is targeting a raise of AUD200 million to invest in high growth private businesses, providing “patient” capital in the years before a potential liquidity event. The Fund has secured cornerstone investment and attracted further interest from private wholesale investors, family offices and superannuation funds.
The launch of the Fund follows the success of Perennial’s three existing private to public fund strategies – also administered by Apex Group – which have invested in over 80 private companies, a third of which have transitioned to IPO or private takeover in the last five years.
Read more: Private equity wire
