Partners Capital, an OCIO managing over $51 billion in assets, appointed FundRock Management Company to support the firm’s re-domiciliation to Luxembourg alongside Partners Capital teams from project design through to final execution.
The Apex Group‘s FundRock is a European third-party UCITS management company and alternative investment fund manager (AIFM).
“We carefully reviewed our options to further boost the distribution reach of our flagship fund with moving the fund to Luxembourg quickly and efficiently as the best way to do so,” said Toby Seth, partner and global CFO at Partners Capital. “Both Apex Group and FundRock teams have provided phenomenal support to guide and de-risk the migration of the fund which we executed in record time.”
“We are proud of our recent and ongoing work to support Partners Capital’s investment operations. Partners Capital’s flagship fund, will now be fully available to qualified investors in Europe and beyond,” said Jean-Daniel Zandona, regional head, business development at Apex Group. “The relationship that we are building with Partners Capital across their global business is testament to the success of our single-source solution, offered globally and delivered by exceptional local teams.”
Partners Capital works for endowments and foundations, senior investment professionals and prominent families across the world. Apex had supported the launch of Partners Capital’s Asia-focused fund with fund administration and management company services in 2022. FundRock already works with more than 1,200 funds with €229 billion ($245 billion) in AUM.
