July 13, 2022 – Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today it has acquired the technology platform and conference business of Context365 LLC (“Context365”), an established global provider of technology and events that connects 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, further complementing the Group’s existing digital marketing platform, Profilir. In addition, Context365 has a well-established summit and event offering to further enhance the value it brings to its online community of fund managers and allocators, providing in-person relationship building and knowledge transfer opportunities throughout the year.
This acquisition reinforces Apex Group’s mission to disrupt the industry through delivering frictionless, innovative and digital solutions into the asset management space. Context365 is used by more than 1,000 family and multi-family offices, fund-of-funds and institutional investors managing more than $2.5trn in assets. 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 advisors and direct lending managers with over $700bn in assets under management.
Following this acquisition, Context365’s clients will benefit from access to the Group’s single-source solution which includes digital banking, Super ManCo and distribution services, custody and ESG Ratings & Advisory services, delivered globally by experienced local teams.
This is the latest in a series of strategic acquisitions and investments in technology platforms by the Group including the acquisitions of Senasen (now Profilir) and a majority shareholding in FundAdminChain.
Peter Hughes, Founder and CEO of Apex Group comments: “Over the course of the last 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 further supports our ability to make capital allocation and raising more efficient for our clients through digital capital raising solutions.”
Eric Noll, CEO, Context365 further comments: “Context365 was created to enable and enhance relationships between allocators and investment managers and to facilitate more meaningful and productive interactions. We are confident that Apex is the right party to take what we built to the next level. This transaction represents Context’s complete exit from the cap-intro segment placing it in the best hands possible. Context will turn to different opportunities that may arise in the financial technology space and other industries.”
Terms of the transaction are undisclosed.
Sadis & Goldberg LLP served as legal counsel to Apex Group. Fairmount Partners served as financial advisor and Royer Cooper Cohen Braunfeld LLC acted as legal counsel to Context365.
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and nearly 10,000 employees upon the close of announced acquisitions, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
Context365 is a discovery and connection technology that links buyers and sellers of alternative investments. Through an easy-to-use platform, members effectively source and efficiently build relationships using search filters, up-to-date data, real-time messaging, online meetings, activity tracking, and profile management.
Context365 has more than 1,000 allocators (buyers) consisting of family and multi-family offices, fund-of-funds, institutional investors including pension, endowments, foundations, and consulting firms, collectively representing a portfolio of more than $2.5 trillion in assets as self-reported by members.
The app also has approximately 2,000 managers including hedge, private equity, fixed income, private debt, private credit, and venture capital funds, as well as commodity trading advisors and direct lending managers. They represent more than $687.8 billion (self-reported) assets under management. www.context365.com
About Fairmount Partners
Fairmount Partners (www.fairmountpartners.com) is an independent merger and acquisition advisory firm focused on emerging growth and middle-market companies. Fairmount helps its clients complete mergers and acquisitions, raise funds for growth, acquisitions and liquidity, and design and improve their corporate development strategies. Fairmount’s clients include successful entrepreneurs, private equity-sponsored enterprises, and global public companies. Since 2003, Fairmount has completed more than 265 transactions, representing over $14 billion in aggregate value, in 21 countries throughout North and South America, Europe, Asia and Australia. For further information, please contact: