Apax XI
- Vintage
- 2022
A non-venture vehicle outside venture scope, shown because its manager is on the venture graph.
4 additional LP reports and investments
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 LP reportspublic disclosures
2 public LP reports name this vehicle;
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners →
Amounts, each with its basis
- Vintage
- 2022basis: lp 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
- unknownwhat may be sold, not what was raised
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- unknown
- Owners (ADV)
- unknown
- Reported on ADV
- unknown
Fundraising evidence
What counts as raisingA 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
Lifecycle
The fund's own reporting through time
Principals and agents
Service providers
Limited partners and their reported performance
Whose numbers these areEach 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).| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Minnesota State Board of Investment msbi.us | 2022 | $100M | $43.1M | $0 | $46.7M | 7.8% | 1.1x | Jun 30, 2026 |
| Washington State Investment Board sib.wa.gov | 2024 | $300M | $85.1M | Not disclosed | $97.1M | 13.5% | 1.1x | Dec 31, 2025 |
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Washington State Investment Board | PUBLIC INSTITUTIONAL POOL | $300M committed | committed Jan 5, 2024 | Fact Pension disclosure |
| N Y C Employees Retirement System | PUBLIC PENSION | $131M committed | committed Jan 5, 2024 | Fact Pension disclosure |
| Teachers Retirement System of New York City | PUBLIC PENSION | $128M committed | committed Jan 5, 2024 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Jun 30, 2026MSBI reports Apax XI: $100,000,000 committed, vintage 2022, net IRR 7.8%, 1.08xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025WSIB reports Apax XI, L.P.: $300,000,000 committed, vintage 2024, net IRR 13.5%, 1.1xLP commitment disclosed Fact Pension disclosure
Evidence
Every observation on this vehicle
- Lp reported fund: 100,000,000 Sep 13, 2026 Fact Pension disclosure
Relationships across DFX
on 1 other DFX graph · 14 capital paths
Apax XI is the same institution as 1 record in Allocators.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Apax XI sits on 14 traced paths of capital across the graphs.
DFX traced 14 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- LP commitment disclosed2026-06-30source on record
- LP commitment disclosed2025-12-31source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.