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Apex Group Ltd. ("Apex Group" or "The Group"), a global financial services provider, announces the successful close of the acquisition of BRL Trust DTVM ("BRL DTVM") following full regulatory approval.
BRL DTVM is the sister company of BRL Trust Investimentos ("BRL Trust"), Brazil's leading private equity fund ("FIP") administrator and custodian which was acquired by Apex Group in 2021. BRL DTVM provides fund administration to real estate ("FII"), trade receivables ("FIDC") and open-ended funds, as well as custody services and NAV calculation for all fund types. This strategic acquisition further expands the Group's presence in the Brazilian market, consolidating to become the largest custody and fund administration provider to the alternative fund segment, by assets....
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