Apex buys BEST
Apex Group has expanded its presence in India via the acquisition of India-based service provider, BEST Alternative Advisory Services.
BEST provides fund services for both closed and open-ended funds including private equity, fund of funds, hedge funds, managed accounts and mutual funds.
The acquisition will add $30bn of assets under administration to Apex, as well as an additional 35 employees based in Mumbai.
Profile:
Categories: NewsFundraising & fund structuringDomicilesOutsourcingFund administrationRegs & ComplianceDomicile
More from The Drawdown
18 April 2024
HNWI hurdling
The UK may have reversed its changes to the HNWI regime but the conversation seems far from over
18 April 2024
Apex acquires South African ManCo
Acquisition of IP Management Company is continuation of growing Apex’s ManCo offering
18 April 2024
Ocorian launches ESG reporting tool
The SFDR and SDR reporting tool is powered by technology from Treety
17 April 2024
Carlyle appoints tax leadership
The firm’s own Clare Copeland (left) takes up the mantle of chief tax officer as Shannon Stafford (right) is appointed chair of tax
17 April 2024
Debevoise appoints funds partner
Goodwin’s Shawn D’Aguiar makes the switch after seven years
16 April 2024
Chronograph launches Chrono AI
The tool will assists LPs with portfolio monitoring and analysis