Global investment firm Carlyle and sovereign investor Mubadala Investment Company (Mubadala) have taken minority stakes in Apex Group (Apex), a global financial services provider backed by Genstar Capital (Genstar).

The investment is further endorsement of Apex’s sustainable growth strategy, which will be delivered through continued organic growth and the successful integration of recent acquisitions.

Carlyle and Mubadala have invested in the ordinary share capital alongside Founder and CEO Peter Hughes, majority investor Genstar and leading growth investor TA Associates, previously announced as taking a significant minority strategic investment in The Group. This investment builds on Carlyle’s relationship with The Group following a preferred equity investment in November 2020, both of which were provided by Carlyle’s Global Credit platform.

Following an investment from private equity investor Genstar in 2017, The Group has grown both organically and via strategic acquisitions, increasing its assets under administration from USD50bn, to USD1.5 trillion in assets serviced across administration, custody, depositary and under management, delivered by nearly 5,000 employees across 50 offices worldwide (upon the close of recently announced acquisitions).

Read more/Source: Private Equity Wire