Overview
Apax Global Alpha aims to provide its shareholders with capital appreciation from its investment portfolio (target NAV returns are 12–15% per annum) and regular dividends (5% of the NAV per annum, payable semi-annually). Apax Global Alpha invests as a limited partner in private equity funds raised and advised by Apax Partners, and is a direct investor in debt and equity instruments which are sourced through leveraging the insight and global reach of Apax Partners.
Apax Global Alpha offers a way for investors to access private equity investments through a listed vehicle. To avoid the problem of cash drag that is often associated with investment in private equity, Apax Global Alpha may also invest in what it terms as derived investments. These derived investments include investments in public and private debt, and may also include some investments in listed equities.
An investor in Apax Global Alpha has exposure to equity stakes in around 60 underlying unlisted companies and around 30 derived investments.
The Apax Partners funds are focused on four sectors: tech, services, healthcare and consumer. Over $60bn has been committed to Apax funds over the firm’s 40+ year history.
You can access the company’s website here
Fundamentals
Price
Research History
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06 Apr 2023
QuotedData's Economic and Political Monthly Roundup April 2023
Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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20 Aug 2021
Apax Global Alpha - Impressive progress
Impressive progress Apax Global Alpha (whose ticker is APAX, but has been abbreviated throughout this note as AGA) has made impressive progress over the first six months of 2021, as its interim results demonstrate. The pace of realisations and distributions within its private equity portfolio has continued since and we estimate that its NAV has […]
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10 Mar 2021
Apax Global Alpha Limited - An abundance of alpha
An abundance of alpha Apax Global Alpha (whose ticker is APAX, but has been abbreviated throughout as AGA) has been listed for just over five years, but has been in operation for well over a decade. AGA provides access to the private equity expertise of Apax Partners. It also has a portfolio of derived investments, […]
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07 Apr 2020
QuotedData’s Economic Roundup – April 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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11 Sep 2019
QuotedData’s investment companies roundup – September 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite for risk was generally down in August, as […]
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11 Sep 2019
QuotedData’s economic roundup – September 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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14 Sep 2018
QuotedData’s Economic round up – September 2018
QuotedData’s Economic round up – September 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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11 Jul 2018
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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14 Jun 2017
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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16 May 2017
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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10 Apr 2017
QuotedData’s round up of views on the global economy – April 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
News
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05 Mar 2019
Apax Global Alpha has strong results despite market negativity
Apax Global Alpha has strong results despite market negativity – Apax Global Alpha has announced its 2018 results today. NAV return in total terms was +7.1% or +5.4% in constant currency (which adjusts figures to remove the impact of foreign exchange rates). This demonstrates a solid performance of the private equity portfolio and a strong contribution […]
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27 Feb 2019
Apax Global Alpha comments on sales of Exact Software and AssuredParters
Apax Global Alpha has announced that The Apax VIII Fund, in which it is a limited partner, has today announced an agreement in principle to sell Exact Software. Apax VIII also announced on 21 February 2019 that it has agreed to sell its entire stake in AssuredPartners. It says that, together, these two transactions, based […]
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06 Mar 2018
Currency movements negatively impact Apax's NAV
Currency movements negatively impact Apax’s NAV – Apax Global Alpha gives liquid exposure to the expertise of Apax Partners (Apax), the global private equity firm. In their annual report dated 31 December 2017, the portfolio was allocated between 65% in private equity and 35% in “derived investments”, which they describe as investments in equities and debt derived from the insights […]
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24 May 2017
Apax Global Alpha commits to Digital Fund
Apax Global Alpha, a fund in the AIC’s private equity sector, has made a number of announcements this morning. Apax Global Alpha commits to Digital Fund It is committing US$50m to a new fund, Apax Digital Fund. The Apax Digital platform will aim to pursue a balanced portfolio of growth buyout and growth equity investments in technology companies globally. […]
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07 Mar 2017
Apax Global Alpha sterling NAV benefits from strong exposure to US
Apax Global Alpha (APAX) has announced its annual results for the year ended 31 December 2016. The company says that performance was largely flat during the first six months but improved during H2 2016 resulting in a NAV total return of 6.6% (after expenses) for the year as a whole. The Private Equity and Derived […]
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14 Nov 2016
Capital Gearing benefits from private equity exposure
As at the half year to 5 October 2016, Capital Gearing Trust’s net asset value per share was 3,647.0p compared to 3,382.0p as at the last year end on 5 April 2016, an increase of 7.8%. This compares with increases of 15.6% in the MSCI UK and of 17.9% in the sterling MSCI World Index. RPI […]
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17 Aug 2016
Apax Global Alpha flat in H1
Apax Global Alpha’s investment performance was broadly flat in H1 2016. Against a backdrop of volatile markets, Total Return for the period was -0.6% and on a constant currency basis the Total Return was +0.6%. In the year since 30 June 2015, adjusted NAV per share has grown 2.3% to EUR1.82. In Sterling terms, adjusted […]
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08 Mar 2016
A strong start for Apax Global Alpha
Apax Global Alpha has announced its final results to 31 December 2015. These are its first set of results since listing on the London Stock Exchange in June 2015. During the twelve months to 31 December 2015, the adjusted NAV (i.e. NAV excluding performance fee reserves), increased by €110.7m to €923.6m, which the company says […]
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09 Feb 2016
Apax Global Alpha new investment and revolving credit facility
Apax Global Alpha has announced a proposed commitment to Apax IX and amendment and extension of its Revolving Credit Facility. Apax Global Alpha has agreed an amendment and restatement of the multicurrency revolving credit facility agreement with Lloyds Bank plc dated 30 January 2015. The Amended and Restated Revolving Credit Facility increases the funds available from […]
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21 Dec 2015
Henderson Alternative Strategies sees performance pick up in second half
Henderson Alternative Strategies Trust has announced its annual results for the year ended 30 September 2015. During the period, the Company delivered a NAV total return of -5.0% compared with a 0.8% rise in its FTSE World Total Return Index global equity benchmark. However, the board say that they are very encouraged to see that […]
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27 Aug 2015
26 August interim results roundup
A quick summary of interim results for periods ended 30 June 2015 announced on 26 August 2015 APAX Global Alpha reported its first set of results since listing. Its NAV was up 8% over H1 2015 t0 €1.79. BH Global said at the six month stage on 30 June 2015 the Net Asset Value per […]
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20 Jul 2015
Investment trusts see largest ever new issue
QuotedData reports that the investment trust sector expanded by about GBP2.4 billion over the second quarter of 2015, taking in close to GBP2.9 billion and handing back just over GBP450 million. The firm comments that many of the funds raising money are not designed to throw off high levels of income, suggesting that investors are […]
