Apex has been appointed as administrator for NewVest’s inaugural Private Equity 50 Index Fund. U.S.-based NewVest is an institutional, tech-enabled platform of index funds designed to provide investors with diversified, passive exposure to private markets in the same way that ETFs and index funds provide passive exposure to public markets. Apex will provide fund administration, transfer agency and fund of fund middle office services. Apex will deliver these solutions in conjunction with Inveniam.io’s patented blockchain technology, and the Inveniam.io data operating system, to manage and create higher functioning capital account data for NewVest’s portfolio fund commitments. Inveniam is a U.S.-based fintech which has developed Inveniam.io, a data operating system for delivering access, transparency, and trust in the value and performance of private market assets and funds.
