Asset Management Fund Services News

0

Dubai-based Morphosis Venture Capital (Morphosis) has selected Apex Group (Apex) to provide fund administration, corporate secretarial and tax reporting services to its Alicorn India Fund 1 LP.

Morphosis invests in early-stage tech startups, with the US$100m Alicorn India Fund 1 LP focused on Indian ESG, B2B and SaaS.

The deployment of venture capital in the UAE has increased by 93% since 2020. Dubai is in the center of the interest of managers, thanks to the direct access it offers to emerging markets in the MENA region, to pools of global capital and startups, says Apex.

This partnership follows Apex’s recent mandates with Aliph Capital, Blue Collective and Participant Capital Advisors.

Amit Zutshi, founder of Morphosus, said: “We are delighted to partner with Apex Group for the administration of our India fund. Their one-source solution has stood out for us because it allows us to access all the fund administration, corporate secretarial and tax reporting services we need through one convenient relationship. Apex Group’s cross-border presence and knowledge will serve us well as we scale up our investments.

Glyn Gibbs, Business Development Manager for the MENA region at Apex, comments: “The company
The capital ecosystem in the UAE continues to strengthen, with Dubai regulators providing a cost-effective venue for the launches of new venture capital funds from the region. We look forward to supporting Morphosis’ entrepreneurial team with solutions that deliver operational, resource and cost efficiency, allowing them to focus on raising and investing capital.

Share.

About Author

Comments are closed.