Apex Group has acquired the technology platform and conference business of Context365, a global provider of technology and events that aims to connect alternative asset class investors with high-quality asset managers.
Context365 connects LPs and GPs through its software as a service (SaaS) digital networking and research platform.
It is used by more than 1,000 family and multi-family offices, fund-of-funds and institutional investors.
These allocators use the platform to connect with more than 2,000 fund managers, including hedge, digital asset, private equity, fixed income, private debt, private credit and venture capital funds, as well as commodity trading advisers and direct lending managers.
Following the acquisition, Context365’s clients will be able to access Apex's digital banking, super manco and distribution services, and its custody and ESG ratings and advisory services.
It is the latest in a series of acquisitions and investments in technology platforms by Apex, including the acquisitions of Senasen (now Profilir) and a majority shareholding in FundAdminChain.
Peter Hughes, Founder and CEO of Apex Group, commented: “Over the past two years, investors have increasingly been turning to technology platforms such as Context365 to supplement in-person meetings to support capital allocation and raising objectives.
"This acquisition gives us new capabilities through its large events function, and supports our ability to make capital allocation and raising more efficient for our clients through digital solutions.”
Terms of the transaction were not disclosed. Sadis & Goldberg served as legal counsel to Apex; Fairmount Partners served as financial adviser; Royer Cooper Cohen Braunfeld acted as legal counsel to Context365.