Apex has been mandated by New Forests, an existing client, to deliver fund services to its African Forestry Impact Platform. New Forests is an Australia-based investment manager of nature-based real assets and natural capital strategies, with AUD10bn (USD6.7bn) AuM across more than 1.2m hectares (2.9m acres). News Forests’ AFIP will continue to raise long term institutional capital to support the sustainability and development of Africa’s growing forestry sector, with the aim of raising USD500m in the next two to three years. Apex is supporting the platform’s Singapore-domiciled VCC structure, with fund administration services including the preparation of financial statements, NAV calculation and FATCA CRS services.
