Adit Ventures is a venture capital investment firm with over 1,000 LPs, $500m in AuM, offices in California, Florida, and New York. Adit acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early employees and investors seeking liquidity.
Fund administration is at the core of Apex’s single-source solution, delivering timely, accurate and independent services, underpinned by market leading technology. Apex will provide Adit Ventures with access to PFS-PAXUS, a specialist accounting and administration application system designed specifically for the alternative fund administration industry. This robust and reliable platform will provide increased operational and cost efficiency, reduced risk of error and faster valuations.
The ILP is a regulated Irish fund structure, in the form of a common law partnership regulated by the Central Bank of Ireland. This structure is only available for alternative investment funds and as such they are particularly well-suited to private equity and real estate structures, allowing for the management of separate portfolios of assets under an ILP umbrella.
John Collins, Apex Group comments: “Ireland has a long-established and sophisticated fund services and administration ecosystem servicing over 40% of the world's alternative investment funds. The updating of the ILP was a significant development, enhancing Ireland's reputation as a full-service fund management and fund domiciliation hub. We look forward to delivering our robust fund administration services to Adit Ventures.”
Eric Munson, Founder & CIO, Adit Ventures further adds: “Ireland has always been a highly regarded jurisdiction by international investors, and we chose the ILP as an efficient structure which meets our specific requirements, as well as those of our investors. We are pleased to be working with Apex, who have impressed with their breadth of product offering, flexibility and experience in the VC market.”
Adit Ventures
Founded in 2014, Adit Ventures is a top quartile venture capital investment firm partnered with over one thousand LPs, $500MM in AUM, offices in California, Florida, and New York, and exits in Airbnb, Astrocast, Cytocom, DocSend, Lemonade, Lyft, Palantir, Forge, SharesPost, Robinhood, SoFi, Snapchat, and Spotify.
Adit’s ability to source and offer these exclusive opportunities to the firm’s investor-partners stems from the global network of relationships the team has developed over their 200+ years of combined investment experience. Adit invests selectively, via primary rounds or secondary transactions, in high growth secular themes such as AI/Big Data, Cloud, Cybersecurity, FinTech, EdTech, Internet of Things, and The Metaverse Ecosytem. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses that we believe will change the world and offer great returns.
Please go to www.aditventures.com or contact AditIR@adit.vc for additional information.
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 50 offices worldwide and 8,000 employees upon the close of announced acquisitions, Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.
Press contact:
Antonia Powell Antonia.powell@apexfs.com
