Australian crypto asset investment firm Apollo Capital has partnered with fund manager Pilgrim Partners Asia (PPA) to expand into Singapore.

As part of the tie-up, PPA will include Apollo’s funds in its offerings.

The move is expected to help the firm to tap the increasing demand for crypto offering among institutional and private investors across the Asian region.

Apollo’s flagship fund, which was launched in 2018, is said to offer investors exposure to a multi strategy fund.

The Opportunities Fund, which was rolled out last year by the firm, is a market neutral fund looking to capitalise on the inefficiencies within crypto markets.

Apollo managing director and co-founder Tim Johnston said that Asia is an important market for the firm.

“We are excited about helping clients get exposure to crypto assets and illustrating how digital assets can play a small but important role in investors’ portfolios.

“With enormous upside potential and low correlation to traditional assets, there is a very strong argument for a small allocation to crypto assets, and we think a fund structure is the best way to obtain that exposure.”

Commenting on the partnership, Pilgrim Partners Asia chief executive Albert Ee said: “Pilgrim Partners Asia is delighted to work with Apollo on opportunities in new asset classes. We see this as instrumental in our push to develop new solutions for family offices as well as fund-of-funds in the private wealth and corporate treasury space.”

Apollo has appointed Cici Lu to lead its expansion in Asia and manage its partnership with PPA.

Lu has more than 10 years of experience in global markets trading across London, Singapore, Sydney, and Toronto.