Apex Closes $40 Million Debt Investment
08 August 2016
August 08, 2016: Bermuda: Apex Fund Services today announced that it has closed a $40 million credit facility with a global credit investment firm.
Peter Hughes, Founder & Chief Executive Officer, Apex Fund Services, said:
“The completion of this investment further strengthens Apex’s ability to continue its expansion on a global scale. I am delighted that a well established investment firm recognizes an opportunity in the business and has confidence investing in our brand and supporting us in our future development. This investment helps further solidify the Apex Group’s position as one of the world’s leading independent fund administrator as we continue to increase our global market share, both organically and through our acquisition strategy”.
Apex Fund Services was represented by Macquarie Capital and Deloitte & Touche as financial advisors and Debevoise & Plimpton LLP as legal advisors whilst Highbridge Principal Strategies, LLC was represented by Ropes & Gray.
Notes to editors:
About Highbridge Principal Strategies
Highbridge Principal Strategies (“HPS”) is a global private investment firm that invests across the capital structure in the public and private capital markets. HPS diversified investment platform includes investments in private equity, mezzanine debt, senior secured leveraged loans, high yield bonds and structured credit products with approximately $24 billion of assets under management. HPS has offices in London, New York, Chicago, Houston and Toronto.
About Apex Fund Services
Apex Fund Services (“Apex”), established in Bermuda in 2003, is one of the world’s largest independent fund administration and middle office solutions providers. Apex has continually improved and evolved its product suite by surrounding these core administrative services with additional products spanning the full value chain; from information delivery and regulatory products to capital introduction services. The globally distributed service model is delivered by over 600 staff, across 23 full service centres and an additional 10 sales offices. Apex now administers the investments of some of the largest funds and institutional investors in the world.
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