Bermuda-based Apex Group Ltd, the global financial services provider, has been appointed to provide fund administration services to private equity firm Revelstoke Capital.

Apex said that Revelstoke is building industry-leading companies in healthcare and the health and wellness sectors.

It added that the company has a strong track record of partnering with entrepreneurs and management teams to drive growth through identifying unmet needs and bringing differentiated offerings to the market.

Based in Denver, Colorado, Revelstoke reports $3.8 billion in assets under management.

Apex said that its fund administration services are the foundation of its single-source solution and will ensure the delivery of timely, accurate and independent portfolio accounting, fund and investor reporting for Revelstoke’s funds.

Revelstoke will benefit from access to the range of market-leading technology platforms which underpin Apex’s offering. This technology will enable Revelstoke to perform key functions more efficiently, such as managing fund structures and supporting many reporting entities while automating calculations and complex functions.

Jason Meklinsky, head of business development, Americas, at Apex Group said: “We look forward to supporting Revelstoke by providing services which allow their team to focus on what they do best: build strong partnerships with entrepreneurs and management teams and grow their portfolio companies.

“Our team’s expertise and the range of services offered by our single-source solution will not only deliver greater efficiency, but the capability to scale and evolve with the business as it grows.”

Simon Bachleda, co-founder and managing partner of Revelstoke, added: “As Revelstoke continues to grow, it is important that we partner with the right outsourced service provider which can ensure we adhere to best-practice compliance and reporting standards, as well as meet our evolving requirements.

“We are confident that we have found the right partner in Apex, which offers the depth of product and experience to support us both now and in the future.”