Bermuda-based Apex Group Ltd has supported long-standing client Integral Group, a Tokyo-based private equity group, in the successful raising of Integral Fund IV, which held its final closing at its hard cap of JPY123.8 billion.

Apex, the global financial services provider established in Bermuda in 2003, said it has been appointed to provide fund administration and regulatory services to Integral’s Fund IV Cayman LP, further strengthening the Group’s long-standing relationship with Integral that dates back to 2014.

The Group said its fund administration services ensure the delivery of timely, accurate and independent portfolio accounting, fund and investor reporting underpinned by a range of “best in class” technologies.

Integral’s partnership with Apex provides access to FIS™’ Investran offering a solution for performing key functions such as managing complex fund structures and supporting multiple sets of books while automating calculations and complex functions, the company said.

Integral Fund IV is the fourth buy-out fund raised by Integral Group and will continue to primarily invest in buy-out opportunities in Japanese mid-market segments.

Apex said the fund was substantially oversubscribed and received strong support from new and existing investors, including Japanese and international banks, insurance companies, pension funds, endowments, and other institutional investors.

Apex said its clients based in APAC benefit from a connected network of nine local offices in the region, with service delivered by 900 employees.