Apex has been appointed by PAPE Fund Managers (Pty) Ltd (PFM), a division of PAPE Group (Pty) Ltd, a South Africa-based private equity fund manager, to provide fund administration services. PFM acts on behalf of the PAPE Fund 3 Limited Liability Partnership comprised of nine investor groups. Apex will provide fund administration services to Fund 3, including fund accounting, investor/LP servicing, cash management and regulatory reporting solutions.