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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. In total, Apax has advised on approximately 90 credit investments since 2013, and total credit capital advised by Apax stands at approximately $1.5bn.

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. 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. 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 companies and management teams.

Mitch Truwit, Co-CEO, Apax, commented: "The Apax Credit strategy is a growing platform with a truly differentiated approach to credit investing, and we are thankful for the support of our limited partners as well as their confidence in our team. We see Credit as an important extra arrow in our quiver. This strategy allows us to diversify the way in which we can support companies identified through our private equity sub-sector diligence, while also providing our investors with another way to access compelling returns."

This fundraising announcement follows an active year for the Apax Credit Funds. Over the last twelve months, the funds have deployed capital in 19 investments.