Apex buys Broadscope
March 22, 2019

Apex Group has announced the acquisition of Broadscope Fund Administrators LLC, a US-based private equity fund administrator.

It says the deal adds a further US$40 billion in assets under administration (AuA) to Apex's portfolio, taking it to a total of $650 billion globally, in addition to further strengthening its capabilities and presence in the US following the recent acquisition of Atlantic Fund Services.

Apex says the acquisition adds 74 employees from Broadscope's Boston and New Jersey offices and a robust fund administration business delivering solutions to North American private equity clients utilizing the AltaReturn technology platform: a platform Broadscope has used exclusively since 2011.

Broadscope's clients will benefit from gaining immediate access to Apex's global network of offices supported by 3,000 employees worldwide.

This is the latest in a series of acquisitions made by Apex over the past 18 months, transforming the group's position from a fund administrator to a global financial services provider. The addition of corporate services from Link Asset Services announced earlier in 2019 develops the group's offering in the wider financial services market and enables the delivery of a full global outsourcing solution.

Apex now has 260 employees across the Americas region, with offices in Atlanta, Bermuda, Boston, Cayman Islands, Charlotte, Chicago, Costa Mesa, New York, New Jersey, Portland, San Francisco, Toronto and Uruguay. 

Apex is a portfolio company of Genstar Capital. Terms of the agreement are not being disclosed.





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Apex Group has announced the acquisition of Broadscope Fund Administrators LLC, a US-based private equity fund administrator.

It says the deal adds a further US$40 billion in assets under administration (AuA) to Apex's portfolio, taking it to a total of $650 billion globally, in addition to further strengthening its capabilities and presence in the US following the recent acquisition of Atlantic Fund Services.

Apex says the acquisition adds 74 employees from Broadscope's Boston and New Jersey offices and a robust fund administration business delivering solutions to North American private equity clients utilizing the AltaReturn technology platform: a platform Broadscope has used exclusively since 2011.

Broadscope's clients will benefit from gaining immediate access to Apex's global network of offices supported by 3,000 employees worldwide.

This is the latest in a series of acquisitions made by Apex over the past 18 months, transforming the group's position from a fund administrator to a global financial services provider. The addition of corporate services from Link Asset Services announced earlier in 2019 develops the group's offering in the wider financial services market and enables the delivery of a full global outsourcing solution.

Apex now has 260 employees across the Americas region, with offices in Atlanta, Bermuda, Boston, Cayman Islands, Charlotte, Chicago, Costa Mesa, New York, New Jersey, Portland, San Francisco, Toronto and Uruguay. 

Apex is a portfolio company of Genstar Capital. Terms of the agreement are not being disclosed.



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