Apex acquires Mainspring
Apex Group has acquired fund administration and accountancy firm Mainspring.
Founded in 2010, Mainspring services small and medium-sized fund managers and became an FCA-authorised custodian in 2013. It provides accounting and administration for VC fund managers with LP funds and a custody business for managed account investments such as EIS funds.
The acquisition sees Apex’s offering expand to international private markets custody and the administration of separately managed accounts and VC funds.