Apex Group expands private markets capabilities with acquisition of Flow

Summary

Global Custodian reports Apex Group’s acquisition of Flow, the private-markets software company behind investor onboarding, data rooms and fund collaboration tools.

The publication reports that the transaction adds $17 billion in assets under administration. The acquisition extends an existing partnership between the two businesses.

Apex Group’s accompanying announcement identifies the acquired company as FTS Tech, Inc., known as Flow. It describes a platform serving more than 1,000 funds, over 300 general-partner clients and more than 20,000 limited partners.

Flow co-founder and CEO Brendan Marshall says joining Apex will help the team expand its technology and service. The Global Custodian article may require a subscription; the transaction is also documented in Apex’s announcement of April 8, 2025.