Apax Global Alpha Limited has announced the appointment of Mr. Karl Sternberg as a non-executive Director and a member of its audit committee, effective from 1 March 2024. Mr. Sternberg will succeed Tim Breedon as Chairman of Apax Global Alpha in the second half of 2024. Mr. Sternberg is currently the Chairman of Clipstone Industrial REIT plc, Monks Investment Trust plc, and a non-executive director of Herald Investment Trust plc and Jupiter Fund Management plc. He has significant investment trust experience and was a founding Partner of Oxford Investment Partners. Mr. Sternberg has a beneficial interest in 12,500 shares of the Company.
Apax Global Alpha Limited is a closed-ended investment company that provides access to the Apax Private Equity Funds. Its objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends. The Company targets an annualized Total Return 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 Debt Investments derived from the insights gained via Apax's Private Equity activities.
Apax Partners LLP is a leading global private equity advisory firm that has raised and advised funds with aggregate commitments of more than $65 billion. The Apax Funds invest in companies across four global sectors: Tech, Services, Healthcare, and Internet/Consumer. The funds provide long-term equity financing to build and strengthen world-class companies.