Apax closes $900m impact fund focussed on sustainability

Apax announced the final closing of the Apax Global Impact Fund (“AGI”), raising approximately $900 million.

Apax said AGI is committed to investing in companies tackling environmental or social issues. 

Co-founded over fifty years ago by impact investing pioneer Sir Ronald Cohen, Apax has a heritage in impact and sustainability and has been involved in ESG data measurement in private markets.

The AGI, co-led by managing partners Alykhan Nathoo and David Su, employs a strategy optimised for both financial and impact returns.

Apax said it uses a proprietary impact measurement system to evaluate and monitor investments across four sectors: health and wellness, environment and resources, social and economic mobility and digital impact enablers.

The fund has already invested in businesses such as GAN Integrity, Swing Education, Bonterra and Eating Recovery Center (ERC).

AGI, classified as an Article 9 fund under the Sustainable Finance Disclosure Regulation, received commitments from global investors, including pension funds, sovereign wealth funds, insurance companies and charitable foundations.

The fund’s fundraising was advised by Rede Partners.

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