Apax Global Alpha Limited Proposed commitment to Apax Global Impact Fund (9248D)
March 08 2022 - 1:00AM
UK Regulatory
TIDMAPAX
RNS Number : 9248D
Apax Global Alpha Limited
08 March 2022
8 March 2022
(LSE: APAX)
Apax Global Alpha Limited
Proposed commitment to Apax Global Impact Fund
AGA announces that the Board intends to commit USD $60 million
to the Apax Global Impact Fund. This is in accordance with the
Company's investment policy to invest in new Private Equity Funds
advised by Apax. This commitment remains conditional on, inter
alia, the approval and execution of the relevant legal
documentation.
The Apax Global Impact Fund will build on Apax's strong ESG
credentials and closely align with Apax's sector-driven strategy,
seeking out opportunities to support companies which deliver
tangible societal and/or environmental impact. The strategy
revolves around four themes - Health & Wellness, Environment
& Resources, Social & Economic Mobility, and Digital Impact
Enablers.
Contact details
Investor Relations - AGA
Katarina Sallerfors
T: +44 207 872 6526
E: Katarina.sallerfors@apax.com
Notes
1. Note that references in this announcement to Apax Global
Alpha Limited have been abbreviated to "AGA" or "the Company".
References to Apax Partners LLP have been abbreviated to
"Apax" or "the Investment Adviser"
2. Please be advised that this announcement may contain inside
information as stipulated under the Market Abuse Regulations
(EU) NO. 596/2014 ("MAR")
3. This announcement is not for release, publication or distribution,
directly or indirectly, in whole or in part, into or within
the United States or to "US persons" (as defined in Regulation
S under the United States Securities Act of 1933, as amended
(the "Securities Act")) or into or within Australia, Canada,
South Africa or Japan. Recipients of this announcement in
jurisdictions outside the UK should inform themselves about
and observe any applicable legal requirements in their jurisdictions.
In particular, the distribution of the announcement may be
restricted by law in certain jurisdictions
4. The information presented herein is not an offer for sale
within the United States of any equity shares or other securities
of Apax Global Alpha Limited ("AGA"). AGA has not been and
will not be registered under the US Investment Company Act
of 1940, as amended (the "Investment Company Act"). In addition,
AGA's shares (the "Shares") have not been and will not be
registered under the Securities Act or any other applicable
law of the United States. Consequently, the Shares may not
be offered or sold or otherwise transferred within the United
States, or to, or for the account or benefit of, US Persons,
except pursuant to an exemption from the registration requirements
of the Securities Act and under circumstances which will
not require AGA to register under the Investment Company
Act. No public offering of the Shares is being made in the
United States
5. This announcement may include forward-looking statements.
The words "expect", "anticipate", "intends", "plan", "estimate",
"aim", "forecast", "project" and similar expressions (or
their negative) identify certain of these forward-looking
statements. These forward-looking statements are statements
regarding AGA's intentions, beliefs or current expectations
concerning, among other things, AGA's results of operations,
financial condition, liquidity, prospects, growth and strategies.
The forward-looking statements in this presentation are based
on numerous assumptions regarding AGA's present and future
business strategies and the environment in which AGA will
operate in the future. Forward-looking statements involve
inherent known and unknown risks, uncertainties and contingencies
because they relate to events and depend on circumstances
that may or may not occur in the future and may cause the
actual results, performance or achievements of AGA to be
materially different from those expressed or implied by such
forward looking statements. Many of these risks and uncertainties
relate to factors that are beyond AGA's ability to control
or estimate precisely, such as future market conditions,
currency fluctuations, the behaviour of other market participants,
the actions of regulators and other factors such as AGA's
ability to continue to obtain financing to meet its liquidity
needs, changes in the political, social and regulatory framework
in which AGA operates or in economic or technological trends
or conditions. Past performance should not be taken as an
indication or guarantee of future results, and no representation
or warranty, express or implied, is made regarding future
performance. AGA expressly disclaims any obligation or undertaking
to release any updates or revisions to these forward-looking
statements to reflect any change in AGA's expectations with
regard thereto or any change in events, conditions or circumstances
on which any statement is based after the date of this announcement,
or to update or to keep current any other information contained
in this announcement. Accordingly, undue reliance should
not be placed on the forward-looking statements, which speak
only as of the date of this announcement.
About Apax Global Alpha Limited
AGA is a Guernsey registered closed-ended collective investment
scheme incorporated as a non-cellular company that listed on the
London Stock Exchange on 15 June 2015. It is regulated by the
Guernsey Financial Services Commission.
AGA's objective is to provide shareholders with capital
appreciation from its investment portfolio and regular dividends.
The Company is targeting an annualised Total Return, across
economic cycles, of 12-15% (net of fees and expenses) including a
dividend yield of 5% of Net Asset Value.
The investment policy of the Company is to make Private Equity
investments in Apax Funds, and Derived Investments which are
investments in equities and debt derived from the insights gained
via Apax' Private Equity activities.
Further information regarding the Company and its publications
are available on the Company's website at
www.apaxglobalalpha.com.
About Apax Partners LLP
Apax Partners LLP ("Apax") is a leading global private equity
advisory firm. For nearly 50 years, Apax has worked to inspire
growth and ideas that transform businesses. The firm has raised and
advised funds with aggregate commitments of more than $60 billion.
The Apax Funds invest in companies across four global sectors of
Tech, Services, Healthcare and Internet/Consumer. These funds
provide long-term equity financing to build and strengthen
world-class companies. For more information see: www.apax.com.
Apax Partners is authorised and regulated by the Financial
Conduct Authority in the UK.
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