Apax closes Global Impact Fund at c.$900m

Congratulations to Apax on the final closing of the Apax Global Impact Fund (“AGI”), a c.$900m fund, committed to investing in mission-driven companies with core products and services that tackle environmental or social issues.

AGI received commitments from both existing and new investors globally, including private and public pension funds, sovereign wealth funds, fund of funds, insurance companies, endowments and charitable foundations.

Central to AGI’s investment strategy is its robust and proprietary impact measurement system which helps identify and track outcomes across truly impactful businesses within four key themes: health and wellness, environment and resources, social and economic mobility, and digital impact enablers. AGI is classified as an Article 9 fund under the Sustainable Finance Disclosure Regulation (SFDR) and a percentage of carried interest is linked to successful impact performance.

Apax has a strong heritage in impact and sustainability. The firm, co-founded by impact investment pioneer Sir Ronald Cohen over fifty years ago, has been committed to driving excellence in sustainability since inception and was an early leader in implementing ESG data measurement in private markets.

Rede Partners raised its first sustainability fund for clients in 2013, established a dedicated team in 2019, and has subsequently closed more than $9.4bn on behalf of clients with sustainability and climate transition strategies..

Rede Partners advised on the fundraising for the Apax Global Impact Fund. We extend our warmest congratulations to the whole Apax team and look forward to our continued partnership.