Apex has appointed Global Tax Recovery as its preferred partner to reclaim excess withholding tax on foreign dividends and interest for its fund‑servicing clients, including private markets managers across venture capital, private equity and hedge funds.
Withholding‑tax leakage can materially erode net returns, and reclaiming it remains one of the most effective—yet operationally complex —ways to lift investment alpha. Rules vary widely across jurisdictions and require specialist expertise to navigate.
Apex said Global Tax Recovery’s technical depth, operational efficiency and track record with major global financial institutions were key factors in its selection. The firm will become the preferred vendor for Apex clients, while FundRock—Apex’s UCITS ManCo and AIFM services provider—will work exclusively with Global Tax Recovery for all withholding‑tax recovery across its managed assets.
