Apex Group Ltd., a global financial services provider, received a minority investment of undisclosed amount.
TA Associates made the investment, which aims to reinforce Apex’s strength as a financial services provider to investors, financial institutions and corporates.
Founded in Bermuda in 2003 by CEO Peter Hughes, Apex Group is a global financial services provider to asset managers, financial institutions, family offices and corporates. The firm offers a single-source solution through a broad range of products including fund services, digital banking, depositary, custody, super ManCo services, compliance solutions, corporate services, and an ESG Ratings and Advisory service for private companies.
The Group’s solution is delivered by 4,500 employees across 47 offices worldwide. Following an investment from Genstar in 2017, the Group has grown both organically and via strategic acquisition, increasing its assets under administration from $80bn, to $1.1 trillion in assets serviced across administration, custody, depositary and under management.