Real estate investment firm Participant Capital Advisors, LLC (Participant Capital) has selected Apex Group (Apex) to provide fund and financial services for its Luxembourg-domiciled funds.
Apex Group will provide its services to Participant Capital via its expanding Miami office, which offers the Group’s integrated funds 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.
As the affiliated asset management arm of Royal Palm Companies, Participant Capital allows wealth managers and their clients to invest in real estate opportunities that have traditionally only been available to institutions via a suite of investment vehicles.
Participant Capital’s mandate with Apex is likely to be expanded to provide Participant Capital with additional depositary and digital banking services via Apex’s subsidiary EDB.
Alex Contreras, senior vice president of business development at Apex Group, comments: “As the Miami real estate market continues to go from strength to strength, we are excited to announce our appointment by Participant Capital, who we look forward to supporting through our integrated approach to fund and financial services.”
Felix Haydar, operations director at Participant Capital, adds: “In selecting Apex Group, we found a partner that offered scalable fund administration services and the ability to access additional cross-border financial services in one convenient relationship. The Miami team has been responsible and shown a depth of experience in servicing our private equity real estate vehicles.”
