DFX Intelligence
Venture Capital Intelligence
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 Digital L.P.
Apax Digital L.P.
Amounts, each with its basis
- Vintage
- 2017basis: 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 021-287658, sworn by the adviser or filed under this vehicle
- Form D sold
- $398Mas of the filing of Sep 22, 2017, 21 investors
- First sale
- Jun 2, 2017
- Reported GAV
- $1.5Bon the Form ADV filed Jun 28, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 97
- Reported on ADV
- Jun 29, 2018 to Jun 28, 2024
- Structure
- master
Fundraising evidence
Unknown
latest Form D 2017-09-22, older than 15 months (fr-1)
evidence dated Sep 22, 2017. 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: 9first sale: 2017-06-02vintage year: $2,017adv gav as of: 2024-06-28vintage basis: form_d_first_saleform d sold usd: $398Mform d offering usd: n/aform d latest filed at: 2017-09-22
The fund's own reporting through time
9 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jun 29, 2018 | Private Equity Fund | $2.6B | 127 | $10.0M | 8% | yes | |
| Jun 30, 2019 | Private Equity Fund | $1.1B | 127 | $10.0M | 8% | yes | |
| Jun 29, 2020 | Private Equity Fund | $1.1B | 97 | $10.0M | 8% | yes | |
| Apr 27, 2021 | Private Equity Fund | $1.1B | 97 | $10.0M | 8% | yes | |
| Jun 29, 2021 | Private Equity Fund | $1.5B | 97 | $10.0M | 7% | yes | |
| Jun 29, 2022 | Private Equity Fund | $1.6B | 97 | $10.0M | 7% | yes | |
| Jun 29, 2023 | Private Equity Fund | $1.5B | 97 | $250,000 | 7% | yes | |
| Jan 18, 2024 | Private Equity Fund | $1.5B | 97 | $250,000 | 7% | yes | |
| Jun 28, 2024 | Private Equity Fund | $1.5B | 97 | $5.0M | 7% | yes |
Principals and agents
7 principals on Form D, 1 placement agents
- Nick Kershaw Director
- Trina Le Noury Director
- Andrew Guille Director
- DR. Martin Halusa Director
- Simon Cresswell Director
- Apax Digital GP Co. Limited Promoter
- David Staples Director
- Foreside Fund Services, LLC placement agent
Limited partners and their reported performance
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Pennsylvania Public School Employees' Retirement System pa.gov | 2017 | $100M | $118M | $45.7M | $156M | 16.3% | 1.7x | Dec 31, 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
5 events
- Dec 31, 2025PSERS reports Apax Digital, L.P.: $100,000,000 committed, vintage 2017, net IRR 16.3%, 1.71xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025PSERS reports Apax Digital, L.P.: $100,000,000 committed, vintage 2017, net IRR 16.3%, 1.71xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Jun 29, 2018Apax Digital L.P. first reported on Form ADV by Apax Partners LLP (Private Equity Fund), GAV $2,601,123,336Fund 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)
- Sep 22, 2017Apax Digital L.P. filed Form D/A: $398,250,000 sold (indefinite offering), Private Equity FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- May 30, 2017Apax Digital L.P. filed Form D: no sales yet (indefinite offering), Private Equity FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Private Equity Fund Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Private Equity Fund May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: GUERNSEY Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: GUERNSEY May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $398M Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1, 3C.7 Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1, 3C.7 May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2017-06-02 Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 21 Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: ROYAL BANK PLACE, 1 GLATEGNY ESPLANADE, 3RD FLOOR, ST. PETER PORT, Y7, GY1 2HJ Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: ROYAL BANK PLACE, 1 GLATEGNY ESPLANADE, 3RD FLOOR, ST. PETER PORT, Y7, GY1 2HJ May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2017 Sep 22, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2017 May 30, 2017 Fact SEC EDGAR Form D data sets (quarterly)