Apex wins Australian agri fund admin mandate

agricultural commoditiesAustralian fund manager Laguna Bay has awarded a fund administration mandate to fund services provider Apex Group. Laguna Bay is an investment platform specialising in agriculture and fund. Its Laguna Bay Fund 2 is hoping to raise A$1 billion (US$671 million) to be invested in food and agriculture across Australia and New Zealand. Apex has been active in the region with both acquisitions and mandates. Earlier in September, it bought Implemented Investment Holdings, the parent company of Implemented Investment Solutions (IIS) and InvestNow. In May, it completed its purchase of New Zealand-based administrator MMC, following the acquisition of Australian administrator Mainstream In October 2021. © 2022 funds global asia

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