Top Private Equity Exposures

Top 10 holdings as at 31/12/2024

PIB Group

  • Services
  • Fund
    Apax X
  • % of Nav
    5
  • Entry year
    2021
  • Current valuation
    €59.6m
  • Geography
    United Kingdom
Website

PIB Group is a highly diversified insurance distribution consolidator, operating primarily across the UK, with a presence in Europe. PIB focuses on
distribution of specialist commercial lines, through both direct distribution and B2B distribution.

Alcumus/Veriforce

  • Services
  • Year of investment
    2022
  • Fund
    Apax X & Apax XI
  • % of Nav
    5
  • Entry year
    2022
  • Current valuation
    €58.7m
  • Geography
    North America

Technology providers of risk management solutions, serving a multitude of end markets.

Thoughtworks

  • Technology
  • Year of investment
    2017
  • Fund
    Apax IX & Apax XI
  • % of Nav
    4
  • Entry year
    2017
  • Current valuation
    €54.8m
  • Geography
    North America
Website

Thoughtworks is a Global technology consultancy that integrates strategy, design, and engineering to drive digital innovation. Thoughtworks helps clients solve complex business problems with technology as the differentiator.

Assured Partners

  • Services
  • Fund
    Apax IX
  • % of Nav
    4
  • Entry year
    2019
  • Current valuation
    €53.7m
  • Geography
    North America
Website

AssuredPartners is a mid-market insurance brokerage firm offering a range of services, including commercial insurance, risk management, and employee benefits across the United States, United Kingdom, Ireland, and Belgium.

Zellis Group

  • Technology
  • Fund
    Apax XI
  • % of Nav
    4
  • Entry year
    2024
  • Current valuation
    €43.4m
  • Geography
    United Kingdom
Website

Zellis Group is one of the leading providers of payroll and HR software to customers in the UK and Ireland, and an emerging leader in the global benefits administration software market.

Trade Me

  • Internet/Consumer
  • Fund
    Apax IX
  • % of Nav
    3
  • Entry year
    2019
  • Current valuation
    €41.2m
  • Geography
    Rest of World
Website

Trade Me is New Zealand’s leading online classifieds platform for motor vehicles, property, and jobs, as well as the top generalist marketplace for both professional and casual sellers. As the country’s sixth most visited website, it attracts 40% of the adult population every month.

Bonterra

  • Technology
  • Fund
    Apax X/AGI
  • % of Nav
    3
  • Entry year
    2021
  • Current valuation
    €40.6m
  • Geography
    North America
Website

Bonterra is a leading integrated social good software platform that enables non profits to raise more money, increase efficiency, magnify impact and allows donors to maximise and validate the impact of their philanthropy.

IBS Software

  • Technology
  • Fund
    Apax XI
  • % of Nav
    3
  • Entry year
    2023
  • Current valuation
    €37.3m
  • Geography
    Rest of World
Website

Founded in 1997, IBS Software is a provider of modern, core operations software solutions to the global travel and logistics industry.

IBS Software provides software as a service solutions, managing mission-critical operations to many of the world’s leading passenger and cargo airlines, airports, hotel chains, cruise lines and logistics players. Backed by a team of 3900+ professionals, its portfolio of modular, cloud-based SaaS solutions bring innovation and enables profitable growth for customers. Its areas of operations span cargo and logistics, flight operations, passenger services, loyalty programs, cruise operations, energy & resource logistics and hospitality distribution platforms.

SavATree

  • Services
  • Fund
    Apax X
  • % of Nav
    3
  • Entry year
    2021
  • Current valuation
    €35.7m
  • Geography
    North America
Website

SavATree is a US based arboriculture services provider offering science-driven tree, shrub, and lawn care services operating through 89 locations across 33 states, serving residential, commercial, and community properties with a strong focus on sustainability.

Oncourse Home Solutions

  • Services
  • Fund
    Apax X
  • % of Nav
    3
  • Entry year
    2021
  • Current valuation
    €35.5m
  • Geography
    North America
Website

Oncourse Home Solutions (formerly American Water Resources) provides affordable home protection programs that help protect against unexpected repair costs for service line emergencies.