Carlyle, Goldman Sachs Commit More Than $1.1 Billion To Apex Group

Editorial Staff

26 June 2024

Carlyle’s global credit business and the private credit arm of Goldman Sachs have committed more than $1.1 billion into have committed to Holdco PIK Notes of Apex to continue to support its growth plans, Apex, said in a statement yesterday. The new commitment builds on the firms’ continued relationship with Apex, following an initial Preferred Equity Note in 2020 and a follow-on issuance in 2021.

The financial terms of the deal were not disclosed.

Apex’s assets on platform now stand at $3.1 trillion serviced across custody, administration, depositary and under management by over 13,000 employees worldwide.

Apex Group, established in Bermuda in 2003, has more than 13,000 employees globally, serving asset managers, financial institutions, private clients, and family offices.

Last year Apex Group acquired Retransform from The Annet Group. Retransform is a global real estate provider offering property tech, technology solutions and business managed services to commercial, retail, and corporate real estate customers. In 2022 Apex bought Mainspring, a UK-based provider of venture capital fund administration and accounting services. In that same year, it acquired Sanne, which provides alternative asset and corporate services.