About This Fund
Apax Funds represent the flagship investment vehicles of Apax Partners, one of the world's leading global private equity firms with over 50 years of investment experience and approximately $77 billion in aggregate assets under management across more than ten successive fund generations. Founded in 1969, Apax Partners operates from offices in Abu Dhabi, Hong Kong, London, Mumbai, Munich, New York, Shanghai, and Tel Aviv, pursuing large-cap and mega-cap buyout transactions with a highly concentrated, sector-focused mandate.
The firm's investment strategy focuses on four principal sectors where it has built deep domain expertise over multiple decades: Technology (enterprise software, tech-enabled services, and telecommunications), Services (density-driven business models and outsourced solutions), Healthcare (medical devices, pharmaceuticals, healthcare IT, and healthcare services), and Internet & Consumer (disruptive digital platforms and consumer-facing businesses). Apax targets equity investments in companies with enterprise values typically ranging from $100 million to $5 billion, applying its Operational Excellence Team methodology of operational improvement, digitalization initiatives, and strategic add-on acquisitions during four to seven year holding periods.
The Apax fund series has raised over ten successive funds. The most recent flagship, Apax XI, completed its final close in March 2024 at approximately $12 billion. Prior funds include Apax X ($11.8 billion, 2020), Apax IX ($9.5 billion, 2016), and Apax VIII ($7.5 billion, 2012). Each fund is structured as parallel USD and EUR partnerships to accommodate the firm's globally diverse institutional investor base, which includes sovereign wealth funds, pension funds, endowments, and family offices across Europe, North America, and the Middle East.