(Apex Group, 6.Jul.2023) — Apex Group Ltd., a global financial services provider, appointed BTC Investment Group to deliver fund services to its Argento Energy Fund LP. Argento Energy Fund was launched by the family office BTC in 2022, to manage investments in the US onshore oil and gas industry, with a target size of $100mn.
BTC has appointed Apex Group to provide a full suite of Fund Administration Solutions to the Fund, as well as Tax and Business Services, which will be delivered via Apex Group’s fast growing Miami office.
The Fund will benefit from access to Apex Group’s market leading technologies to enable robust, efficient and flexible accounting and fund reporting. Apex Group’s powerful combination of joint ventures with award winning technology providers, as well as proprietary technology platforms, ensures the delivery of high-quality solutions to asset managers globally.
Fund Administration is at the core of Apex Group’s single-source solution, delivering timely, accurate and independent services. According to a recent Total Economic Impact (TEI) report by Forrester Consulting, clients of Apex Group’s single-source solution achieve, on average, cost benefits of $5.39mn, with a net present value of $2.75mn over a three-year period.
Apex Group in Miami offers the Group’s complete single-source solution to asset managers, financial institutions, private clients and family offices, with a focus on the delivery of services to clients in the Miami, Florida and Latin American markets. Recent client win announcements for Apex Group’s Miami team include Participant Capital, Compass Group LLC, a leading independent Latin American asset manager and Florida-based Midtown Capital Partners LLC.
Alex Contreras, SVP, Business Development at Apex Group comments: “We are pleased to support the launch of the Argento Energy Fund with our market leading solutions enabled by our local presence and best in class technologies. In the current macroeconomic environment, asset managers of all sizes are benefitting from Apex Group’s single source solution as they reassess their operating models to achieve resource and cost efficiency. As a result, the strong organic growth of our Miami office over the last year shows no sign of slowing as we approach the second half of 2023. “
Cristian Molina, CEO of BTC adds: “We are pleased to be working with Apex Group’s experienced Miami team for the administration of the Argento Energy Fund. The unique single-source model of Apex Group means that we can conveniently access all of the fund, tax and businesses services that we need via one relationship, saving us time and money. We have been particularly impressed by the strength and depth of the local team who have been responsive to our questions and requirements.”