Private equity firm Apax has raised $900m for its Global Impact Fund.
The fund’s strategy uses the firm’s proprietary impact measurement system which evaluates impact across the portfolio. It identifies and tracks outcomes across four key sector themes: health and wellness, environment and resources, social and economic mobility, and digital impact enablers. Investors in the fund include private and public pension funds, sovereign wealth funds, fund of funds, insurance companies, endowments and charitable foundations.
The fund is classified as an Article 9 fund under the Sustainable Finance Disclosure Regulation and is managed by the firm’s impact team, co-led by Alykhan Nathoo and David Su.
Alykhan Nathoo and David Su, say, “We are grateful for the confidence of AGI’s investors, all of whom share our commitment to supporting the visionary founders and management teams tackling society’s most pressing environmental and social challenges. We look forward to partnering with these sustainability leaders, leveraging the deep sub-sector expertise of the Apax sector teams, the strength and scale of the Apax platform globally, and the value creation potential of the Operational Excellence Practice to help the businesses of tomorrow, grow today.”