Family office BTC Investment Group tapped the Apex Group as a key service provider to its Argento Energy Fund, which has targeted $100 million in assets.
With a focus on U.S. onshore oil and gas industry investments, BTC launched the fund in 2022. Apex is providing fund administration, tax and business services out of its Miami office.
BTC is the family office of Benjamin Salinas, member of the Salinas Group, a prominent business conglomerate with controlling equity interest in Grupo Elektra, TV AZTECA and Banco Azteca. The firm is organized as a Mexico-based multi-strategy investment management fund primarily allocating capital to private equity investments across the U.S. and Mexico.
“We are pleased to be working with Apex Group’s experienced Miami team for the administration of the Argento Energy Fund,” said Cristian Molina, CEO of BTC. “The unique single-source model of Apex Group means that we can conveniently access all of the fund, tax and businesses services that we need via one relationship, saving us time and money. We have been particularly impressed by the strength and depth of the local team who have been responsive to our questions and requirements.“
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 $5.39 million, with a net present value of $2.75 million over a three-year period.
Apex SVP of Business Development Alex Contreras said that the firm’s Miami office has been logging strong organic growth that shows no signs of slowing in the second half of 2023.
Recent client win announcements for Apex Group’s Miami team include Participant Capital, Compass Group LLC, a leading independent Latin American asset manager and Florida-based Midtown Capital Partners LLC.
