Apax closes Apax X at its $11 billion hard cap
29th January 2021Apax Apax Partners LLP (“Apax”), a leading global private equity advisory firm, today announced the successful final close of the Apax X fund (“Apax X” or “the Fund”
Apax Partners LLP (“Apax”), a leading global private equity advisory firm, today announced the successful final close of the Apax X fund (“Apax X” or “the Fund”) at its hard cap of $11 billion, excluding affiliated entities. As with its predecessor funds, Apax X is a dual-currency fund (USD and EUR). Aggregate commitments across all funds advised by Apax now total more than $60 billion.
With Apax X, Apax will continue to pursue its sector-focused strategy, identifying opportunities across the Tech, Services, Healthcare and Consumer sectors. The Fund has already made eight investments in specialist sub-sectors, including tech-enabled services, software, digital marketplaces and healthcare services, and is now 22% invested.
The Fund received commitments from a combination of new and returning investors from across the globe and their support is an endorsement of Apax’s approach of creating value through business improvement. The investors include private and public pension funds, sovereign wealth funds, fund of funds, insurance companies, endowments and charitable foundations. Apax is grateful for the support of all investors, new and returning alike, who have contributed to the successful closing of Apax X.
About Apax Partners LLP
Apax is a leading global private equity advisory firm. Over its more than 40-year history, the firm has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of Tech, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.
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