Apex buys conference arm and tech platform of Context365
Bermuda-based Apex Group Ltd has acquired the technology platform and conference business of Context365 LLC, a provider of technology and events that connects alternative asset class investors with high-quality asset managers.
Apex said Context365 connects LPs and GPs through its software as a service digital networking and research platform, further complementing the group’s existing digital marketing platform, Profilir.
It added: “In addition, Context365 has a well-established summit and event offering to further enhance the value it brings to its online community of fund managers and allocators, providing in-person relationship building and knowledge transfer opportunities throughout the year.”
Apex said Context365 is used by more than 1,000 family and multifamily offices, fund-of-funds and institutional investors managing more than $2.5 trillion in assets.
“These allocators use the platform to connect with more than 2,000 fund managers including hedge, digital asset, private equity, fixed income, private debt, private credit and venture capital funds, as well as commodity trading advisers and direct lending managers with over $700 billion in assets under management,” the company added.
Peter Hughes, founder and CEO of Apex Group, said: “Over the course of the last two years, investors have increasingly been turning to technology platforms such as Context365 to supplement in-person meetings to support capital allocation and raising objectives.
“This acquisition gives us new capabilities through its large events function and further supports our ability to make capital allocation and raising more efficient for our clients through digital capital raising solutions.”
Eric Noll, CEO of Context365, said: “Context365 was created to enable and enhance relationships between allocators and investment managers and to facilitate more meaningful and productive interactions.
“We are confident that Apex is the right party to take what we built to the next level. This transaction represents Context’s complete exit from the capital raising segment, placing it in the best hands possible.”