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- Carlyle Group’s (NASDAQ:CG) global credit business and Goldman Sachs (NYSE:GS) Private Credit have together committed more than $1.1B into Apex Group Ltd., the financial services provider said on Monday.
- Carlyle (CG) and Goldman Sachs (GS) committed to Holdco PIK notes of Apex to continue to support its growth plans that will focus on optimizing the current platform, strategy, and combined investment in technology innovation, Apex said in a statement.
- Apex’s assets on platform now stand at ~$3.1T serviced across custody, administration, depositary, and under management by its more than 13,000 employees. Apex offers a range of services to asset managers, financial institutions, private clients, and family offices.
- The investment builds on the two firms’ relationship with Apex after an initial preferred equity note in 2020 and a follow-on issuance in 2021.