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Apex Group appointed by leading Latin America asset manager

15 December 2021

Apex Group Ltd. (“Apex” or “the Group”), a global financial services provider, today announces that it has been appointed by Compass Group LLC, a leading independent Latin American asset manager, specialized in managing assets for institutional investors, family offices, and high-net worth individuals.

Founded in New York in 1995, Compass Group has a team of more than 300 professionals located in 9 different offices across Latin America managing, advising, and providing distribution services to more than USD$41bn in assets under management. 

Apex was appointed in recognition of its ability to provide a full suite of services across fund administration, corporate services and depositary to Compass Group’s funds, augmented by additional tailored solutions that meet Compass Group’s requirements across varying fund structures and strategies.

Launched in April 2021, Compass’ Latin American Private Credit Opportunities (“LAPCO”) is a closed-end fund that seeks to achieve attractive USD-denominated net returns, while generating consistent current income and prioritizing capital preservation within a Latin American private credit portfolio. Apex Group is supporting this strategy with a fully integrated Loan and Fund Administration solution, in addition to corporate services, depositary and banking.

Compass’ open-ended Latin American High Yield Fund seeks to maximize total return by identifying Latin American corporate debt that is mispriced relative to underlying value. In addition to above mentioned services, the fund will benefit from Apex’s custody services, delivered via the Group’s Luxembourg-based subsidiary, the European Depositary Bank (EDB).

Aman Bahel, Managing Director, Europe Head, Business Development, Apex Group comments: “The private and public debt asset classes in emerging markets continue to mature and attract inflows from European institutional investors. We are delighted to be appointed by Compass Group to act as a single-source provider of tailored solutions which meet the specific needs of their varied fund structures and investment strategies.”

Gerard Benares, Chief Operating Officer, Compass Group adds: “We appointed Apex due to their ability to deliver a wide range of services and underpinned by a robust and flexible technological infrastructure. We act as a bridge between Latin America and the deep pools of investor capital in Europe and the rest of the world, so it is critical for us to partner with a truly global institutional firm like Apex. We have been impressed by Apex’s international footprint and their ability to deliver solutions spanning the regulatory, operations, banking and technology needs of our funds.”

About Compass Group LLC

Compass Group LLC was founded in 1995 in New York as a Latin America-focused bottom-up, research-driven asset manager. Compass Group LLC became a SEC-Registered Investment Advisor in 2000. The Investment Manager has branch offices in New York, Argentina, and Chile, and affiliate offices in Peru, Colombia, Mexico, and Brazil (altogether, the “Firm”). The Firm has a diversified offering of Latin American investment strategies across both equities and credit.

Compass Group has been managing Latin American strategies since 1996. The first fund, Compass Income Fund, was launched in that year with a focus on Latin American debt, while the first LatAm Equity Strategy was launched in 2005. As a result of Compass Group’s extensive history of investing in the region, it has created a sizeable network and strong regional presence, resulting in unparalleled local intelligence. The Firm leverages this unique position by using its differentiated bottom-up investment analysis, which has demonstrated, and it believes will continue to demonstrate, reliable alpha generation through most investment cycles.

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