Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / Apax Xi Usd LP

Apax Xi Usd LP

Active deploymentUnknownFundother manager vehicleADV: Private Equity FundApax Partners LLP
Amounts, each with its basis
Vintage
2023basis: adv first reported
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
indefinitewhat may be sold, not what was raised; joined by exact issuer name, corroborated by a person on the adviser's roster named on the filing, the general partner the adviser swears for this fund, not sworn by the adviser (confidence 0.85); file 021-450479
Form D sold
$0as of the filing of Jun 28, 2022
First sale
unknown
Reported GAV
$192Mon the Form ADV filed Jun 28, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
345
Reported on ADV
Jun 29, 2023 to Jun 28, 2024
Structure
master
Fundraising evidence
Unknown
latest Form D 2022-06-28, older than 15 months (fr-1)
evidence dated Jun 28, 2022. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Active deployment
vintage 2 to 4 years
age years: 3first sale: n/avintage year: $2,023adv gav as of: 2024-06-28vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: n/aform d latest filed at: 2022-06-28
The fund's own reporting through time
3 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Jun 29, 2023Private Equity Fund$8.1B
175$10.0M6%yes
Jan 18, 2024Private Equity Fund$8.1B
175$10.0M6%yes
Jun 28, 2024Private Equity Fund$192M
345$10.0M8%yes
Principals and agents
8 principals on Form D, 2 placement agents
Limited partners and their reported performance
1 public LP report
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
California State Teachers' Retirement System calstrs.com2024$150M$34.2Mn/a$39.7M23.8%1.2xJun 30, 2025

Each row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).

Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
3 events
  1. Jun 30, 2025
    CalSTRS reports Apax XI USD L.P.: $150,000,000 committed, vintage 2024, net IRR 23.8%, 1.16x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Jun 29, 2023
    Apax Xi Usd LP first reported on Form ADV by Apax Partners LLP (Private Equity Fund), GAV $8,097,191,087
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Jun 28, 2022
    Apax XI USD L.P. filed Form D: no sales yet (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle