FTV Capital Inks Stake in Apex Fund Services

FTV Capital has invested $30 million into independent fund administration company Apex Fund Services, inking a minority stake in the company. Apex will use the money to expand its client services, which include supporting middle and back office fund administration, risk reporting and corporate secretarial and fund formation administration, as well as specialist start up services to asset managers, the company said. FTV Capital has more than $1 billion under management across three funds, and has offices in San Francisco and New York.

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