As the affiliated asset management arm of Royal Palm Companies (RPC), which has developed more than 50 large-scale, mixed-use projects over 40 years, 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.

Apex Group will provide fund administration services to Participant Capital’s Luxembourg domiciled funds. Fund administration is at the core of Apex Group’s single-source solution, delivering timely, accurate and independent services, underpinned by market leading technology platforms. According to a recent Total Economic Impact (TEI) report by Forrester Consulting, clients of Apex Group’s single-source solution achieve, on average, cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.

These services will be provided by Apex Group’s growing Miami office, which offers the Group’s full 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. This mandate is expected to be expanded in due course to provide additional depositary and digital banking services via Apex Group subsidiary EDB.

Alex Contreras, SVP 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. Our single-source solutions, underpinned by our experienced team, will enable Participant Capital to streamline their operational processes, and allow them to continue to focus on accelerating the growth of their business and continue to deliver attractive returns for investors.”

Felix Haydar, Operations Director, Participant Capital further adds: “We have chosen to partner with Apex Group at a critical time in our growth trajectory, as we look to expand our real estate fund offerings to a wider range of investors. 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.”