Apax Partners

FUNDS

MEDIAN NET IRR

12.5%

MEDIAN TVPI

1.50x

LP SOURCES

FUNDS

FUND	VINTAGE	COMMITMENT	NET IRR	TVPI	DPI	DIVERGENCE	SOURCES
Apax XI, L.P.	2024	$100M	7.7%	1.08x	0.00x	—	3 sourcesWSIB CPPIB Minnesota SBI
Apax XI USD L.P.	2024	$150M	23.8%	1.16x	—	—	CalSTRS
Apax X USD L.P.	2020	$150M	9.1%	1.32x	0.27x	—	3 sourcesCalSTRS Minnesota SBI PA PSERS
Apax X, L.P.	2020	$350M	9.1%	1.30x	0.17x	—	2 sourcesWSIB CPPIB
Apax Digital	2018	$150M	15.9%	1.64x	—	—	2 sourcesCPPIB PA PSERS
Apax IX USD L.P.	2017	$150M	17.2%	1.89x	1.47x	—	3 sourcesCalSTRS WSIB Minnesota SBI
Apax VIII USD	2012	$200M	12.5%	1.56x	1.52x	—	2 sourcesOregon OPERF Minnesota SBI
Apax VIII	2012	$255.5M	12.6%	1.60x	1.51x	—	WSIB
Apax VIII-B LP	2012	$157.6M	13.7%	1.50x	1.50x	—	Florida SBA
Apax Europe VI	2010	$10.3M	10.3%	—	1.52x	—	Colorado PERA
Apax Europe VII	2007	$273.6M	4.2%	1.24x	1.09x	—	3 sourcesCalSTRS Colorado PERA PA PSERS
Apax Europe VII-A, L.P.	2007	$159.4M	4.2%	1.20x	1.23x	—	2 sourcesWSIB MD MSRPS
Apax Europe VI - A, L.P.	2005	$293.5M	12.7%	2.03x	1.99x	—	CalSTRS
Apax Europe V-A, L.P.	2001	$111.9M	36.2%	2.10x	2.10x	—	WSIB
Apax Europe IV-A, L.P.	1999	$168.5M	7.2%	1.30x	1.35x	—	WSIB

›2 FUNDS WITH LIMITED DATA

These funds appear in LP disclosures (typically commitment-only records) but lack reported performance metrics. Click any fund to see its underlying reports.

FUND	VINTAGE	COMMITMENT	NET IRR	TVPI	DPI	DIVERGENCE	SOURCES
Apax Europe VI-A	—	—	—	—	—	—	MD MSRPS
Apax IX	—	$500M	—	—	—	—	2 sourcesCPPIB MD MSRPS

DATA PROVENANCE

Every figure on this page comes from a public LP disclosure. The following pension systems reported on Apax Partners.

LP SOURCE	LATEST REPORT	REPORTS	DISCLOSURE
Minnesota SBI	Dec 2025	4	VIEW SOURCE ↗
CPPIB	Sep 2025	4	VIEW SOURCE ↗
Oregon OPERF	Sep 2025	1	VIEW SOURCE ↗
PA PSERS	Sep 2025	3	VIEW SOURCE ↗
WSIB	Sep 2025	7	VIEW SOURCE ↗
CalSTRS	Jun 2025	5	VIEW SOURCE ↗
Florida SBA	Jun 2025	37	VIEW SOURCE ↗
MD MSRPS	Jun 2025	3	VIEW SOURCE ↗
Colorado PERA	Dec 2024	2	VIEW SOURCE ↗