Apex Group Ltd, the global financial services provider based in Bermuda, has expanded its longstanding relationship with Aizawa Asset Management to provide services to their new Cayman fund, Ariake Secondary Fund III LP.

Apex has been appointed to provide fund administration and regulatory services to ASF-III, having serviced AAM’s Ariake Secondary Fund I LP and Ariake Secondary Fund II LP since 2015.

The company said this announcement was the latest in a series of high-profile appointments for Apex in the thriving Japanese alternative investment market, including Bee Alternatives Limited, an independent manager dedicated to secondary private equity investments and Integral Group, a Tokyo-based private equity group.

Yuko Shimizu, business development director, Apex Group, said: “Secondary strategies are growing in popularity in the Japanese market as asset owners seek solutions for asset liquidation and more GPs and fund managers consider their exit strategies. This latest appointment is evidence of our ability to leverage our global experience from markets where these strategies are more mature, matched with local delivery and expertise.”

Shinobu Miyata, COO, Aizawa Asset Management, added: “Apex is an experienced global administrator and we have been impressed by the quality of their global team – from the hands-on administration team in Singapore, to the compliance team in Dublin and the knowledgeable Cayman Islands and US tax teams.

“Apex has demonstrated impressive follow-up through their Japanese relationship director and the commitment and experience needed to provide excellent administrative support to our secondary fund business. We look forward to continuing to work together.”