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Parc Capital Investments Receives Final AFSL from ASIC in 27 days

Sophie Grace recently assisted Parc Capital Investments Pty Ltd (“Parc Capital”) to obtain an Australian Financial Services Licence (“AFSL”) to operate wholesale funds. The AFSL application was lodged with ASIC in July 2021 and approved in a very efficient 27 days.

Parc Capital are investors in privately-owned emerging growth businesses and specialise in venture capital. The grant of their AFSL has enabled Parc Capital to commence accepting clients into their fund.

Dov Herdan, the Chief Investment Officer of Parc Capital, provided Sophie Grace with some kind words about his experience working with our team.

“We were impressed by the professionalism of the Sophie Grace team, who were very proactive in driving the submission. The result was that Parc Capital received its AFSL in record time, and 3-6 months before we expected”.

Mr Herdan also commented on how he found the Sophie Grace team “very knowledgeable and willing to assist”. Lastly, Mr Herdan stated that “Parc will definitely continue to use Sophie Grace for future amendments, compliance, and training. We would not hesitate to recommend to others”.

The Sophie Grace team look forward to continuing to work with Parc Capital to maintain their AFSL moving forward and attending to their compliance matters.

If you would like to know more about Parc Capital, please contact Sophie Grace directly for an introduction.

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