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 Ix Usd L.P.
Apax Ix Usd L.P.
HarvestUnknownSPV or co-invest vehicleother manager vehicleADV: Private Equity FundApax Partners LLPGuernsey
Amounts, each with its basis
- Vintage
- 2016basis: 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 021-277678, sworn by the adviser or filed under this vehicle
- Form D sold
- $8.1Mas of the filing of Jan 5, 2017, 5 investors
- First sale
- Dec 19, 2016
- Reported GAV
- $7.2Bon the Form ADV filed Jun 28, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 126
- Reported on ADV
- Jun 30, 2017 to Jun 28, 2024
- Structure
- master
Fundraising evidence
Unknown
latest Form D 2017-01-05, older than 15 months (fr-1)
evidence dated Jan 5, 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: 10first sale: 2016-12-19vintage year: $2,016adv gav as of: 2024-06-28vintage basis: form_d_first_saleform d sold usd: $8.1Mform d offering usd: n/aform d latest filed at: 2017-01-05
The fund's own reporting through time
10 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2017 | Private Equity Fund | $7.8B | 115 | $10.0M | 4% | yes | |
| Jun 29, 2018 | Private Equity Fund | $7.2B | 117 | $10.0M | 4% | yes | |
| Jun 30, 2019 | Private Equity Fund | $8.5B | 117 | $10.0M | 4% | yes | |
| Jun 29, 2020 | Private Equity Fund | $8.8B | 120 | $10.0M | 3% | yes | |
| Apr 27, 2021 | Private Equity Fund | $8.8B | 120 | $10.0M | 3% | yes | |
| Jun 29, 2021 | Private Equity Fund | $14B | 126 | $10.0M | 3% | yes | |
| Jun 29, 2022 | Private Equity Fund | $14B | 126 | $10.0M | 3% | yes | |
| Jun 29, 2023 | Private Equity Fund | $9.3B | 126 | $10.0M | 3% | yes | |
| Jan 18, 2024 | Private Equity Fund | $9.3B | 126 | $10.0M | 3% | yes | |
| Jun 28, 2024 | Private Equity Fund | $7.2B | 126 | $10.0M | 3% | yes |
Principals and agents
8 principals on Form D, 0 placement agents
- Nick Kershaw Director
- Apax IX USD GP L.P. Inc. Promoter
- Trina Le Noury Director
- Simon Cresswell Director
- Andrew Guille Director
- David Staples Director
- DR. Martin Halusa Director
- Apax IX GP Co. Limited Promoter
Limited partners and their reported performance
3 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Minnesota State Board of Investment msbi.us | 2016 | $150M | $164M | $242M | $66.2M | 16.8% | 1.9x | Jun 30, 2026 |
| Washington State Investment Board sib.wa.gov | 2017 | $250M | $273M | $400M | $114M | 17.2% | 1.9x | Dec 31, 2025 |
| California State Teachers' Retirement System calstrs.com | 2017 | $300M | $325M | $435M | $185M | 17.8% | 1.9x | Jun 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
7 events
- Jun 30, 2026MSBI reports Apax IX USD L.P.: $150,000,000 committed, vintage 2016, net IRR 16.8%, 1.88xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025WSIB reports Apax IX USD, L.P.: $250,000,000 committed, vintage 2017, net IRR 17.2%, 1.9xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025WSIB reports Apax IX USD, L.P.: $250,000,000 committed, vintage 2017, net IRR 17.2%, 1.9xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Jun 30, 2025CalSTRS reports Apax IX USD L.P.: $300,000,000 committed, vintage 2017, net IRR 17.8%, 1.91xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Jun 30, 2025CalSTRS reports Apax IX USD L.P.: $300,000,000 committed, vintage 2017, net IRR 17.8%, 1.91xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Jun 30, 2017Apax Ix Usd L.P. first reported on Form ADV by Apax Partners LLP (Private Equity Fund), GAV $7,751,682,108Fund 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)
- Jan 5, 2017Apax IX USD Co-Investment L.P. filed Form D: $8,107,500 sold (indefinite offering), Private Equity FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Private Equity Fund Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: GUERNSEY Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $8.1M Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2016-12-19 Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 5 Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jan 5, 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 Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2016 Jan 5, 2017 Fact SEC EDGAR Form D data sets (quarterly)