Apax Global Alpha Limited has announced that Mr. Karl Sternberg, the current chairman of the Board, has been appointed as a non-executive Director of Capital Gearing Trust P.l.c, a company listed on the London Stock Exchange, with effect from 5 September 2024. The company is regulated by the Guernsey Financial Services Commission and aims to provide shareholders with capital appreciation from its investment portfolio and regular dividends. It targets an annualized Total Return, across economic cycles, of 12-15% (net of fees and expenses).
The company makes Private Equity investments in Apax Funds and has a portfolio of primarily Debt Investments, derived from the insights gained via Apax's Private Equity activities. Apax Partners LLP, the Investment Adviser, is a leading global private equity advisory firm with over 50 years of experience and has raised and advised funds with aggregate commitments of close to $80 billion.
The announcement also includes forward-looking statements and emphasizes that past performance should not be taken as an indication or guarantee of future results. The company expressly disclaims any obligation or undertaking to release any updates or revisions to these forward-looking statements to reflect any change in expectations or circumstances.
For further information regarding the Company and its publications, interested parties can visit the Company's website at www.apaxglobalalpha.com.