Genstar-backed Apex Group acquired Custom House

Apex Group Ltd, one of the world’s top five largest fund administrators and subsidiary of Genstar Capital, completed the successful integration of the Custom House, a leading global hedge fund administrator delivering services to alternative investment managers across Europe, Asia and the Americas. The acquisition adds a further $24 billion in assets under administration to the Group’s portfolio and is a strong strategic and cultural fit given its independent business model and focus on delivering a personal approach customer service. Terms of the agreement are not being disclosed. Peter Hughes, Founder and CEO, Apex Group Ltd. said: “The Apex and Custom House businesses were established in a similar way and therefore are a natural fit. We are really happy to have closed this deal before 2018 draws to a close itself, and the smooth integration is testament to the existing parity between the organisations. The Custom House team add valuable hedge experience to our existing global hedge teams and the close of this acquisition will be mutually beneficial for both Custom House and Apex clients."