Welcome to the final edition of Apax Dispatch for 2023. As we wrap up the year, we bring you news on the recently closed Apax Global Impact Fund, the latest Apax Podcast featuring Swing Education, as well as the 11th edition of our Sustainability report.
We hope you will enjoy Apax Dispatch and, as always, welcome your feedback on how we can improve.
Happy Holidays!
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Celebrating our partnerships in 2023
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As we approach the end of the year, we want to take this opportunity to reflect on the last twelve months and thank everyone who has worked with us to inspire growth.
We’re grateful for the strength of our partnerships in 2023: partnership with our colleagues, with management teams and founders, with investors, and with our communities.
We look forward to seeing what 2024 brings!
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Apax closes Global Impact Fund at c.$900m
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This month we announced the final closing of Apax Global Impact (“AGI”), a c.$900m fund committed to investing in mission-driven companies with core products and services that tackle environmental or social issues.
Apax has a strong heritage in impact and sustainability. The firm, co-founded by impact pioneer Sir Ronald Cohen over fifty years ago, was an early leader in implementing ESG data measurement in private markets, and has been committed to driving excellence in sustainability since inception. The Impact team, co-led by Managing Partners Alykhan Nathoo and David Su, builds on this track record, creating a unique and differentiated strategy that is optimised for both financial and impact returns.
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Apax Podcast: Swing Education
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In the latest episode of the Apax Podcast, Apax Global Impact's Nicole Kruijs is joined by Mike Teng and Asha Visweswaran, co-founders of Apax Global Impact Fund' portfolio company Swing Education, an online marketplace that connects schools and substitute teachers.
In this episode, Mike and Asha give our audience an insight into the teacher shortage issue across the US, how this spurned the idea for Swing Education, and how the company is working with both teachers and schools to help address this problem.
You can also find all our previous podcast episodes on Spotify and Apple Podcasts
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Sustainability Report - Edition 11
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At Apax, our commitment to sustainability is integral to our identity. As events this year demonstrate, building better, more resilient businesses in these unpredictable times is critical to value preservation and creation.
We are therefore proud to share the 11th edition of our Sustainability Report, detailing the progress we’ve made through the year. This includes details on the recently closed Apax Global Impact Fund, a focus on our cybersecurity capabilities, as well as an update on the important work being done internally at Apax.
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Apax raised $750m for Credit Funds
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Apax announced that it has successfully raised c.$750m for the first generation of dedicated Apax Credit Funds.
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Apax Funds acquire OCS and Finwave
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Funds advised by Apax completed the acquisition of OCS from Charme Capital Partners and of Finwave from the Lutech Group, creating one of the preeminent players in financial software in Europe.
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Apax Funds invest in GAN Integrity
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GAN Integrity is a leading provider of technology that enables proactive, integrated, real-time management and monitoring of third-party and employee risk, ethics and compliance. The investment will enable GAN to accelerate product development and to better serve the growing demands of global brands.
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Apax Digital Funds invest in Petvisor
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Petvisor, a best-in-class veterinary and pet services business management and client engagement software platform, announced more than $100 million in new investment led by the Apax Digital Funds.
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The views expressed in this publication reflect the current views of Apax Partners LLP (together with its affiliates, “Apax”) as of the date hereof and Apax undertakes no responsibility to advise you of any changes in the views expressed herein.
This publication is not intended to be, and must not be taken as, the basis for any investment decision by any recipient. No offer or solicitation of an offer in respect of any Apax fund is being made by Apax by communication of this publication and no reliance should be placed upon this publication by any person, nor should it act as an inducement to enter into any investment activity.
This publication discusses broad market, industry or sector trends, or other economic, market or political conditions, and may refer to securities of companies in which certain Apax funds may be invested, or in respect of which Apax may seek to or have provided services (or receive services from). No representation or warranty, either express or implied, is provided in relation to the accuracy, adequacy or completeness of the information contained herein. None of the information herein has been independently verified and neither Apax nor any other person accepts responsibility for the publication.
Past performance referred to herein is not indicative of future results and there is no assurance that any Apax fund will achieve its objectives or avoid significant losses. This publication may contain forward looking statements, including in relation to the financial condition, results of operations and businesses of companies referred to herein; any such statements are subject to various assumptions, risks and uncertainties, many of which are difficult to predict.
Recipient should not treat the contents of this publication as research or advice relating to legal, taxation, ERISA, financial, investment or accounting matters, or as a recommendation by Apax and are strongly advised to consult their own professional advisers concerning their own circumstances, or in relation to any investment concepts mentioned in this publication (which may be unsuitable for the recipient depending on their specific investment objectives and financial position).
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