Investment strategy

AGA gives shareholders access to a portfolio of Apax Private Equity Funds, as well as a smaller portfolio of debt. These strategies focus on global opportunities across three sectors.

Our performance

0.8%

Total NAV Return per share

FY 2024
(0.5)%

Private Equity Total Return

FY 2024
7.5%

Debt Total Return

FY 2024

Private Equity portfolio

Access to a portfolio of ‘hidden gems’. These are mostly private companies, many of which were acquired by the Apax Funds in control buyouts not accessible to shareholders elsewhere. The majority of these businesses operate globally, in coveted categories, in three attractive sectors.

This investment strategy focuses on business improvement to drive growth. The Apax team looks for under-optimised assets where financial performance can be accelerated through business quality improvement.

Debt portfolio

Capital not currently invested in Private Equity is deployed into a portfolio of Debt Investments to generate additional returns and income. This portfolio enhances the robustness of AGA’s balance sheet and supports unfunded commitments to the Apax Private Equity Funds whilst also providing an additional source of funding towards the dividend payment and Distribution Pool.

Technology

Driving successful innovation and growth

Services

Pinpointing emerging opportunities in the world’s largest market

Internet / Consumer

Backing the businesses that drive disruption across a diverse and rapidly evolving landscape