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Peter Hughes, Apex Fund Services

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Apex closes USD40 million debt investment

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Apex Fund Services has closed a USD40 million credit facility with global credit investment firm Highbridge Principal Strategies.

Peter Hughes (pictured), founder and chief executive officer, Apex Fund Services, says: “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 recognises 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 advisers and Debevoise & Plimpton as legal advisers whilst Highbridge Principal Strategies was represented by Ropes & Gray.

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