Apax Global Alpha Ltd.
APAX.LSE | Trusts, funds and similar financial entities
Apax Global Alpha Limited is a closed-ended investment company that aims to provide shareholders with capital appreciation through exposure to a diversified portfolio of private equity investments. The company primarily invests in funds advised by Apax Partners, a global private equity firm, and als...Show More
Better Health for All
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Apax Global Alpha's core business is private equity investment. While its Apax Global Impact Fund (AGI) closed with approximately $900 million
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and invests in themes including health and wellness, this represents a small fraction of the company's total commitments of approximately $80 billion,
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with only a portion of the AGI fund specifically allocated to health. This indicates less than 1% of capital allocation is aimed at health improvement. Furthermore, Apax Funds will no longer make new investments in the healthcare sector,
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with remaining healthcare investments constituting 5% of the end-2024 portfolio value.
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The majority of the portfolio is in technology, services, and internet/consumer sectors, leading to a neutral net health effect for the firm's principal goods and services overall. The company is not a pharmaceutical firm and does not conduct clinical trials, making these KPIs not applicable.
Fair Money & Economic Opportunity
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Apax Global Alpha Ltd operates as an asset management entity focused on private equity investments for higher net-worth clients and institutional investors.
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Its business model does not involve retail banking, direct loan services, or microloans to consumers.
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The company does not offer financial products or services to underserved populations, nor does it engage in activities related to consumer credit, financial inclusion initiatives, or financial literacy programs.
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Therefore, the company's operations do not directly align with the metrics for 'Fair Money & Economic Opportunity' as defined by the rubric.
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Fair Pay & Worker Respect
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Apax Global Alpha Ltd (AGA) is an investment company and does not have direct employees, relying on Apax Partners LLP for ethical and transparent business conduct.
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As such, most workforce-related KPIs are not applicable to AGA's direct operations. For labor violation incidents, no substantiated labor-law or human-rights violations have been reported for Apax Partners' portfolio companies in the past three years.
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Past workplace safety violations for portfolio companies were recorded in 2011 and 2016, falling outside the three-year scope.
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Apax Global Alpha has issued statements against modern slavery and human trafficking, detailing due diligence and compliance expectations from suppliers, and provides training to its global team.
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Fair Trade & Ethical Sourcing
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APAX.LSE is a closed-ended investment company that primarily invests in private equity funds. Its direct operations do not involve the procurement or trading of physical commodities, nor does it have a traditional supply chain requiring welfare or sourcing audits, material traceability, or direct exposure to upstream labor practices. Therefore, KPIs related to fair trade certifications, audit frequency, forced/child labor incidents, traceability coverage, remediation speed, materials risk, and supplier diversity spend are not applicable to its direct business model and are scored as N/A (0). For ethical clause coverage, while the investment manager (Apax Partners) has anti-slavery and human trafficking measures in its Global Business Standards, and portfolio companies have anti-corruption policies, there is no specific, quantifiable evidence regarding the percentage of APAX.LSE's own direct supplier contracts that include enforceable ethical-sourcing clauses. Thus, this KPI is omitted.
Honest & Fair Business
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The company's board was 100% independent as of December 31, 2021.
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The company itself does not have any employees
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and therefore no direct whistleblowing channel; however, its service providers have whistleblowing policies in place.
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Kind to Animals
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Apax Global Alpha is an investment company, and while its portfolio includes companies like Porsolt SAS (a preclinical contract research organization that conducts drug testing)
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and Nulo (a pet food company),
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the provided articles do not offer specific, measurable data points for any of the 'Kind to Animals' KPIs. For instance, there is no information on the percentage of cruelty-free certified products, the extent of non-animal testing methods used, the percentage of humane-certified operations, or the measurable impact of wildlife conservation initiatives. Similarly, data on the percentage of animal-derived ingredients replaced with ethical alternatives, the percentage of animal-related suppliers audited for welfare compliance, or the percentage of cage-free sourcing is not provided. Although Apax Partners acquired Porsolt,
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and Porsolt states compliance with GLP (ICH S7),
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Apax Global Alpha's own responsible investment policy does not explicitly detail an animal testing policy, nor is there data on animal testing volume or investment in animal-free technologies. General statements about prioritizing humane practices or responsible sourcing from portfolio companies lack the quantitative detail required by the rubric.
No War, No Weapons
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Apax Global Alpha Ltd explicitly states it focuses on sectors such as technology, services, and internet/consumer, without direct investments in the defense or weapons manufacturing sectors.
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This commitment means the company derives 0% of its revenue from arms or defense contracts.
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Consequently, it has no defense-related assets to divest and no exposure to controversial weapons. However, a portfolio company, RapidSOS, which received financing led by Apax Digital Funds, provides emergency response technology to over 22,000 federal, state, and local public safety and defense agencies globally.
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While RapidSOS's core mission emphasizes civilian applications like public safety and emergency response, its use by defense agencies indicates a dual-use technology with a majority civilian focus.
Planet-Friendly Business
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Apax's financed emissions in 2024 were 1,840,366 tCO₂e.
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The company has not stated firm-wide SBTi-validated targets nor declared a firm-wide net-zero target year. Apax published its inaugural TCFD report in 2024.
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Climate scenario analysis was conducted in 2024 using the Altitude platform.
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Respect for Cultures & Communities
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No specific, quantifiable evidence was found in the provided articles for Apax Global Alpha Ltd (APAX.LSE) that directly addresses the defined KPIs for 'Respect for Cultures & Communities'. Information regarding partnerships with indigenous or local community groups, percentage of revenue reinvested locally, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, community-specific grievance mechanisms, cultural preservation investments, local procurement, indigenous supplier engagement, cultural site protection, social license to operate, or cultural sensitivity training completion rates was either not mentioned or lacked the specific quantitative data required by the rubric. While general charitable giving and diversity training were mentioned, they did not meet the specific criteria or provide the necessary percentages relative to APAX.LSE's operations or revenue. The Apax Foundation has made >280 donations in FY 23/24.
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The Apax Foundation has made >£30m total donations since inception.
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Mandatory inclusion & diversity training is embedded across the Firm.
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97% of portfolio companies have robust anti-harassment and grievance policies.
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Safe & Smart Tech
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The provided articles primarily detail Apax Global Alpha's (APAX.LSE) investment activities, including its acquisitions and commitments to funds that focus on technology, cybersecurity, and compliance companies. While these investments demonstrate a strategic interest in the 'Safe & Smart Tech' sector, the articles do not provide specific, measurable facts about APAX.LSE's *own* internal data protection, cybersecurity practices, AI ethics governance, or other operational aspects relevant to the 'Safe & Smart Tech' KPIs. Information regarding the company's own data breach history, cybersecurity investment as a percentage of revenue, privacy certifications, employee security training, encryption implementation, AI audit practices, algorithmic transparency, unauthorized data use incidents, user data control, authentication security, vulnerability management, bug bounty programs, privacy by design, security testing coverage, data minimization, regulatory compliance with privacy regulations, algorithmic harm remediation, or digital rights advocacy is not explicitly stated for APAX.LSE itself.
Zero Waste & Sustainable Products
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Apax Funds' portfolio companies reported zero environmental incidents
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and 100% compliance with local environmental regulations in 2024.
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Apax invests in companies that offer solutions for waste reduction, such as Tosca, a provider of reusable packaging,
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and EcoOnline, which develops software for sustainable workplaces.
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The Apax Global Impact Fund also invests in resource efficiency and waste reduction.
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One portfolio company, TOI TOI & DIXI, is implementing initiatives to optimize routes and promote fuel-efficient driving, achieving an average reduction of 535 grams of CO₂e per stop.
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