Apax Partners LLP (together with its affiliates, “Apax”) is a leading global private equity advisory firm which is committed to maintaining the highest standards of governance, compliance and transparency.

Apax is a private partnership, owned by the firm’s Equity Partners, meaning our interests are completely aligned with the Apax Funds’ investors and the businesses we partner with. Apax’s Executive Committee is comprised of the firm’s co-CEOs Andrew Sillitoe and Mitch Truwit, and is responsible for the strategy, management and governance of the firm.

Apax’s Executive Committee, comprised of the firm’s co-CEOs Andrew Sillitoe and Mitch Truwit, is responsible for the strategy, management and governance of the firm.

Apax is the investment adviser to the current Apax Funds. Apax’s Investment Committees are responsible for evaluating and monitoring investments for the Apax Funds and recommending investment and exit opportunities to the general partners and investments managers of the Apax Funds where appropriate.

The Apax Funds

The Apax Funds are structurally separate from Apax and are domiciled predominantly in Guernsey, where Apax has a longstanding presence and a large, experienced team. The general partners or investment managers of the Apax Funds are responsible for investment management and portfolio management, drawing on investment advice from Apax and taking decisions through their own independent boards, comprised of experienced executive and non-executive directors.




Apax communicates transparently with investors in the Apax Funds, providing detailed reporting and analysis. Apax has been a longstanding supporter of the Institutional Limited Partners Association (“ILPA”) and its attempts to codify and strengthen the alignment between investors and their fund managers.

Apax also endorses limited partner advisory committee (“LPAC”) governance. Each Apax Fund has an LPAC, comprising representatives of investors and chaired by an investor. LPACs are consulted by Apax on issues including potential conflicts of interest, investment valuations and other matters set out in the constitutional documentation of the Apax Funds.



Global Business Standards

Apax has a series of policies, principles and procedures that it applies globally, known as Global Business Standards (the “GBS”). The GBS serves as a general compliance manual for all employees, management and other staff globally, and includes Apax’s policies on Anti-Bribery and Anti-Corruption, Anti-Money Laundering and Economic Sanctions, Conflicts of Interest, Personal Account Dealing and other key compliance areas in relation to the firm’s business.


Regulatory Oversight

Apax Partners LLP is authorised and regulated in the UK by the Financial Conduct Authority and has filed with the US Securities and Exchange Commission as an exempt reporting adviser. Various other Apax entities are also regulated in local jurisdictions to carry out their business activities.

Apax Partners Guernsey Limited, the administrator to Guernsey-based Apax Funds, is regulated by the Guernsey Financial Services Commission (the “GFSC”),licensed under the Protection of Investors Law and registered as a Guernsey Authorised Closed Ended Investment Scheme. In addition, the general partner of each Guernsey-based Apax Fund is also regulated by the GFSC.