Apex Group on Thursday said it has been appointed by BTC Investment Group to deliver fund services to its Argento Energy Fund LP, launched by the Mexican family office BTC in 2022, to manage investments in the US onshore oil and gas industry, with a target size of 100 million dollars. Apex will provide the services via its Miami office.
BTC has appointed Apex Group to provide a full suite of fund administration solutions to the fund, as well as tax and business services, which will be delivered via Apex’s fast growing Miami office. BTC is the family office of Mexican businessman Benjamin Salinas, member of the Salinas Group, a prominent business conglomerate with controlling equity interest in Grupo Elektra, TV AZTECA and Banco Azteca. The firm is organized as a Mexico-based multi-strategy investment management fund primarily allocating capital to private equity investments across the US and Mexico.
Resource and cost efficiency
“We are pleased to support the launch of the Argento Energy Fund with our market leading solutions enabled by our local presence and best in class technologies,” said Alex Contreras (photo), SVP, Business Development at Apex Group in a statement. “In the current macroeconomic environment, asset managers of all sizes are benefitting from Apex Group’s single source solution as they reassess their operating models to achieve resource and cost efficiency. As a result, the strong organic growth of our Miami office over the last year shows no sign of slowing as we approach the second half of 2023. “
Apex Group in Miami offers the Group’s complete single-source solution to asset managers, financial institutions, private clients and family offices, with a focus on the delivery of services to clients in the Miami, Florida and Latin American markets. Recent client win announcements for Apex Group’s Miami team include Participant Capital, Compass Group LLC, a leading independent Latin American asset manager and Florida-based Midtown Capital Partners LLC.
Bermuda-headquartered Apex is a leading management company active in Luxembourg, operating with brands such as LRI Investment and FundRock for third-party management services.