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 X Usd L.P.

Apax X Usd L.P.

HarvestUnknownFundother manager vehicleADV: Private Equity FundApax Partners LLPGuernsey
Amounts, each with its basis
Vintage
2006basis: form d first sale
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; file 021-100000, sworn by the adviser or filed under this vehicle
Form D sold
$138Mas of the filing of Apr 25, 2018, 107 investors
First sale
Jun 12, 2006
Reported GAV
$10Bon the Form ADV filed Jun 28, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
242
Reported on ADV
Jun 29, 2020 to Jun 28, 2024
Structure
master
Fundraising evidence
Unknown
latest Form D 2018-04-25, older than 15 months (fr-1)
evidence dated Apr 25, 2018. 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
Harvest
vintage over 7 years, still reported
age years: 20first sale: 2006-06-12vintage year: $2,006adv gav as of: 2024-06-28vintage basis: form_d_first_saleform d sold usd: $138Mform d offering usd: n/aform d latest filed at: 2018-04-25
The fund's own reporting through time
7 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Jun 29, 2020Private Equity Fund$6.7B
160$10.0M3%yes
Apr 27, 2021Private Equity Fund$6.7B
160$10.0M3%yes
Jun 29, 2021Private Equity Fund$9.6B
237$10.0M5%yes
Jun 29, 2022Private Equity Fund$9.6B
237$10.0M5%yes
Jun 29, 2023Private Equity Fund$10B
240$10.0M5%yes
Jan 18, 2024Private Equity Fund$10B
240$10.0M5%yes
Jun 28, 2024Private Equity Fund$10B
242$10.0M4%yes
Principals and agents
16 principals on Form D, 0 placement agents
Limited partners and their reported performance
3 public LP reports
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
Minnesota State Board of Investment msbi.us2019$150M$152M$47.4M$153M8.1%1.3xJun 30, 2026
Pennsylvania Public School Employees' Retirement System pa.gov2019$150M$143M$116M$62.8M8.6%1.3xDec 31, 2025
California State Teachers' Retirement System calstrs.com2020$250M$249M$43.2M$283M9.9%1.3xJun 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
16 events
  1. Jun 30, 2026
    MSBI reports Apax X USD L.P.: $150,000,000 committed, vintage 2019, net IRR 8.1%, 1.32x
  2. Dec 31, 2025
    PSERS reports Apax X USD, L.P.: $150,000,000 committed, vintage 2019, net IRR 8.6%, 1.25x
  3. Dec 31, 2025
    PSERS reports Apax X USD, L.P.: $150,000,000 committed, vintage 2019, net IRR 8.6%, 1.25x
  4. Jun 30, 2025
    CalSTRS reports Apax X USD L.P.: $250,000,000 committed, vintage 2020, net IRR 9.9%, 1.31x
  5. Jun 30, 2025
    CalSTRS reports Apax X USD L.P.: $250,000,000 committed, vintage 2020, net IRR 9.9%, 1.31x
  6. Jun 29, 2020
    Apax X Usd L.P. first reported on Form ADV by Apax Partners LLP (Private Equity Fund), GAV $6,670,871,958
  7. Apr 25, 2018
    FWF Global Opportunity Partners, LP filed Form D/A: $137,767,218 sold (indefinite offering), Hedge Fund
  8. May 10, 2017
    FWF Global Opportunity Partners, LP filed Form D/A: $137,767,218 sold (indefinite offering), Hedge Fund
  9. May 20, 2016
    FWF Global Opportunity Partners, LP filed Form D/A: $136,677,218 sold (indefinite offering), Hedge Fund
  10. May 18, 2015
    FWF Global Opportunity Partners, LP filed Form D/A: $134,951,081 sold (indefinite offering), Hedge Fund
  11. May 22, 2014
    FWF Global Opportunity Partners, LP filed Form D/A: $131,549,000 sold (indefinite offering), Other Investment Fund
  12. May 6, 2013
    FWF Global Opportunity Partners, LP filed Form D/A: $83,808,438 sold (indefinite offering), Other Investment Fund
  13. May 11, 2012
    FWF Partners I LP filed Form D/A: $87,341,900 sold (indefinite offering), Other Investment Fund
  14. May 12, 2011
    FWF Partners I LP filed Form D/A: $78,280,373 sold (indefinite offering), Other Investment Fund
  15. May 13, 2010
    FWF Partners I LP filed Form D/A: $74,661,581 sold (indefinite offering), Other Investment Fund
  16. May 14, 2009
    FWF Partners I LP filed Form D/A: $77,282,681 sold (indefinite offering), Other Investment Fund
Evidence
143 observations
Every observation on this vehicle