BCP Asset Management and Apex Fund Services have signed a partnership agreement for fund administration services.
As part of the recent acquisition of four High Street buildings in a prime Dublin 2 location by BCP and Meyer Bergman, BCP has launched two new funds with global independent administrator Apex Fund Services: The Kells Investment Fund I and Kells Investment Fund II.
The BCP acquisition was in partnership with Meyer Bergman and is valued in excess of EUR100 million.
BCP, an independently owned investment manager in the Irish market, has over EUR2 billion in assets under management. Apex Fund Services is one of the world’s largest independent administrators, with local offices in both Dublin and Cork, and a total AuA of USD45 billion.
John Calvert, CEO of BCP, says: “BCP has chosen to partner with Apex to deliver our fund administration requirements as they demonstrate an exceptional knowledge and capability of service in the private equity and property funds space in particular. They combined commerciality with strong technical support and compliance knowledge. We required an expert administrator that could deliver a cost effective solution for our three existing funds, with further funds planned. Having completed the required infrastructure, Apex continues to work closely and effectively with our internal operations and administration teams.”
John Bohan, managing director for Apex EMEA and Apex Ireland, says: “We are delighted to be able to provide BCP with the specific solution they require to support this important part of their investment portfolio. We have a great deal of experience administering regulated funds, both liquid and illiquid, and can add true value to support the already robust internal infrastructure at BCP. Apex is committed to delivering relationship based service and unrivalled experienced resource to our clients and will support BCP’s real estate investments locally, via our Dublin office.”
