Global private equity advisory firm Apax Partners (Apax) has raised circa $750m for the first generation of dedicated Apax Credit Funds, which like the firm’s private equity funds will focus on four core sectors – technology, services, healthcare and internet/consumer.
Apax advised funds have invested in credit for over a decade, including advising London listed Apax Global Alpha on its credit investment portfolio. In total, Apax has advised on approximately 90 credit investments since 2013, and total credit capital advised by Apax stands at approximately $1.5bn.
Apax’s credit strategy is fully integrated into the wider Apax platform. The dedicated credit team works hand-in-hand with Apax’s private equity teams to meet the increasing demand for flexible, long-term private credit solutions. The firm says its credit strategy is highly synergistic with its private equity strategies, targeting the types of businesses that are well known to Apax through its private equity sector insights.
The Credit Funds have a flexible mandate, with the ability to invest across the capital structure.
