Apax Foundation
The Apax Foundation is the formal channel for Apax Partners’ charitable giving and receives a percentage of the firm’s profits and carried interest. The Trustees of the Foundation are Sir Ronald Cohen (Chairman), Peter Englander (Chief Executive), Martin Halusa, Khawar Mann, David Marks, John Megrue, Michael Phillips and Richard Wilson.
Apax Partners has a history of support for social enterprise and the firm is continuing this tradition with social enterprise chosen as the area on which the Apax Foundation will mainly focus. Social enterprise not only meshes well with the work of the firm but also enables us to draw on the expertise of several people within the firm who are personally active in this sphere.
Support for the personal charitable activities of Apax Partners employees and others in the firm’s network
Apax Partners employs a large group of extremely talented people, many of whom have long been committed to their own personal charitable endeavours. One of the primary goals of the Foundation is to support the range and diversity of the personal charitable efforts of the Apax Partners team. The Apax Foundation supports their endeavours by making grants to all of the charitable organisations that benefit from the active involvement of a member of the Apax Partners team.
The Apax Foundation has also made several donations in support of causes close to the hearts of people in Apax Partners’ network.
Projects supported by the Apax Foundation
Bridges Community Ventures
Bridges Community Ventures is a venture capital company with a social mission: its funds are dedicated to investing in businesses that can deliver strong social benefits as well as generate financial returns for investors. Apax Partners was a founder of Bridges in 2002 and has maintained its support for the company since its inception, with Sir Ronald Cohen and Peter Englander continuing to serve as Chairman and Director respectively of Bridges.
We believe that the Bridges model can be successfully adapted to other countries and the Apax Foundation is building on Apax Partners’ tradition of commitment to social investment with the provision of a grant to Bridges to assist it in establishing a community development fund overseas.
For further information, see http://www.bridgesventures.com/
The Prince’s Trust
The Prince’s Trust is one of the UK’s leading youth charities, dedicated to improving the lives of disadvantaged young people in the UK. The Trust’s support for young entrepreneurs complements Apax Partners’ core business and the firm has been a Patron of The Prince’s Trust Business Programme for several years.
To continue our support of The Trust, the Apax Foundation made a two-year commitment to become the lead partner of The Prince’s Trust Business Programme 25th anniversary campaign.
For further information, see http://www.princes-trust.org.uk/
Private Equity Foundation
In addition to having its own charitable foundation, Apax Partners is a member of the Private Equity Foundation, which was founded in 2006 as the collective charity for the UK private equity community.
The Private Equity Foundation’s mission is to help young people with poor life chances access skills and development to reach their full potential. The Private Equity Foundation focuses its support on charities working with young people not in education, employment or training, with the majority of funding going to organisations in the UK and Europe.
For further information, see http://www.privateequityfoundation.org/