Portfolio overview

Apax Global Alpha Limited

Apax Global Alpha Limited (AGA) offers unique, liquid exposure to the expertise of Apax Partners (Apax), a leading global private equity firm. The Company is listed on the London Stock Exchange.

The Company's portfolio is expected to be allocated in approximately equal proportions between Private Equity and Derived Investments, which are investments in equities and debt derived from the insights gained via Apax Partners' Private Equity activities.

The fund is structured to leverage Apax Partners' expertise in order to provide superior returns. AGA’s objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends. The Company is targeting an annualised Total Return1, across economic cycles, of 12-15% (net of fees and expenses) including a dividend yield of 5% of Net Asset Value (NAV).

 

2.1 How We Generate Alpha

 

The investment mix will fluctuate over time due to market conditions and other factors.

(1) Total Return for a period means the return on the movement in the Adjusted NAV per share at the end of the period together with all dividends paid during the period, to the Adjusted NAV per share at the beginning of the period.

 

 

Assets Under Management

As at 30 September 2016, the Portfolio includes investments and/or commitments to invest in five Apax Private Equity funds, as well as other derived debt and equity investments. 

 

€889.6m
Adjusted NAV*
€421.0m
Private Equity Investments (Pre performance fees)
€90.4m
Derived Investments in Equities (Pre performance fees)
€319.2m
Derived Investments in Debt (Pre performance fees)

 

 *Adjusted for estimated performance fee at 30 September 2016, calculated on a liquidation basis.

 

 

In order to access the website, please specify the country in which you reside using the menu below:

Privacy Statement: How we use Cookies

Cookies are very small text files that are stored on your computer when you visit some websites. We use cookies to support features like remembering your country selection and to analyse site usage. By browsing our sites with cookies enabled, you are agreeing to their use. You can find out more here.

Agree to use cookies