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Laxman Pai, Opalesque Asia: Private markets investor Apax Partners has raised $750 million for its first generation of dedicated private credit funds.
The British private equity firm said in a press release that the strength of the fundraise demonstrates the solid growth and success of Apax's credit platform. "Apax advised funds have invested in credit for over a decade, including advising London listed Apax Global Alpha on its credit investment portfolio," it said.
In total, Apax has advised on approximately 90 credit investments since 2013, and total credit capital advised by Apax stands at approximately $1.5bn.
According to the release, Apax's credit strategy is fully integrated into the wider Apax platform. The dedicated credit team works hand-in-hand with Apax's private equity teams to meet the increasing demand for flexible, long-term private credit solutions, it said.
"With their focus on the four core Apax sectors - Tech, Services, Healthcare, and Internet/Consumer - the Apax Credit Funds leverage Apax's deep sector knowledge built over decades. The Credit strategy is highly synergistic with Apax's private equity strategies, targeting the types of businesses that are well known to Apax through its private equity sector insights," the release added.
Apax Credit Funds have a flexible mandate, with the ability to invest across the capital structure. They are geared towards providing the right capital solutions in partnership with com...................... To view our full article Click here
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