Global financial provider Apex Group has announced the acquisition of FTS Tech, Inc., a move that reinforces its commitment to digital transformation in fund management.
The acquisition brings $17 billion in assets under administration to Apex Group and adds 15 new employees. Flow’s technology will be integrated into Apex’s suite of services, offering an all-in-one digital solution for market clients.
“This acquisition furthers our mission to drive innovation in the private markets,” said Peter Hughes, Founder and CEO of Apex Group. “We’re delivering a superior, digital-first experience and strengthening our leadership in fund services.”
Clients will gain a range of benefits including:
- End-to-end private markets infrastructure that streamlines investor onboarding, data management, entity administration and compliance.
- Enhanced efficiency and transparency through real-time insights, automation and improved reporting tools.
- Scalability for fund managers, offering a frictionless operating environment that allows GPs, LPs and platforms to scale faster with administrative burdens.
Founded in 2018, Flow provides infrastructure software that promotes transparency and communication among fund managers and stakeholders. The acquisition builds on the firms’ existing partnership, which launched Apex Ventures.
Brendan Marshall, Co-Founder and CEO of Flow said, “Joining Apex Group allows us to scale our vision faster and bring greater innovation to our clients.”
Flow’s clients will now gain access to Apex’s full range of services, including fund administration, ESG solutions, and capital markets support. Legal advisors included Goodwin for Flow and Kirkland & Ellis for Apex Group.
