Apex Group has been appointed by Encore Capital Management to provide fund administration, investor reporting and tax services.
Encore is a vertically integrated real estate developer, operator and institutional investment management firm with in excess of $2bn in assets under management.
It has been a longstanding tax compliance and structuring client of tax services provider FTS, whose majority shareholding was acquired by Apex in April.
With FTS becoming part of Apex Group, existing clients such as Encore can now access the group’s global, cross-jurisdictional reach and additional services such as fund administration, digital banking, compliance solutions and ESG ratings and advisory.
Encore appointed Apex because it could offer tax fund administration services through one relationship, underpinned by its real estate experience and technology solutions.
This announcement follows a period of new business growth for Apex’s Americas business, with real estate client wins including American Ventures Partners, RailField Partners and Midtown Capital Partners.