Based in Miami, Florida, with offices in Spain and Colombia, Midtown’s portfolio covers an expansive range of properties, including more than 500 rental residential units. The firm has executed more than $500 million in acquisitions in the past five years, and more than $200 million in acquisitions during the pandemic.
Apex’s fund administration services are the foundation of its single-source solution and ensure the delivery of timely, accurate and independent portfolio accounting, fund, and investor reporting. When supplemented with Apex’s Financial Solutions including depositary and distribution services, this provides a market leading offering for closed-ended funds.
Through their partnership with Apex, Midtown will leverage Apex’s integrated approach to technology and analysis, enabling the streamlining of complex structures across all asset classes and regions. Midtown will also access the Apex team’s expansive knowledge, flexibility, and availability to synthesize changing variables in the market.
This latest appointment to deliver fund administration services follows a period of record new business growth for Apex’s Americas region.
Jason Meklinsky, Head of Business Development, Americas at Apex Group comments: “We are excited to support Midtown as they continue to expand their acquisitions portfolio. Our single-source fund administration services, reinforced by our experienced team, will provide Midtown with efficient processes that will ease operational pressures, and allow them to continue to focus on maximizing their results.”
Alejandro Velez, CEO of Midtown Capital Partners added: “We look forward to working with Apex as our fund administrator and have been impressed by the reactiveness of the Apex team and the efficiency of the company’s single-source solution. At Midtown, we strive to reduce complexity for our clients, and it is clear to us that Apex’s approach, underpinned by best in class technology will do the same for our business.”
About Apex Group Ltd.
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With 50 offices worldwide and 5,000 employees upon the close of announced acquisitions, Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.
About Midtown
Midtown Capital Partners., is an international real estate and asset management firm with expertise in local and global marketplaces and an interest in office, retail, industrial, and multifamily properties. Started in Miami, Florida in 2010, Midtown was founded by Alexander Saieh and Alejandro Velez, and was formed on four core beliefs: transparency, efficiency, accountability, and confidentiality. Today, while Midtown has grown to have 21 employees and a portfolio worth $800 million dollars, these four core beliefs remain the same.
Press contact:
Antonia Powell Antonia.powell@apexfs.com
