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Apax Global Alpha

data as at: 24/02/2020

Charges

Company website
AIC ongoing charge (%)0.84
AIC ongoing charge plus performance fee (%)0.84
AIC ongoing charge date31/12/2018
Download the AIC ongoing charge methodology
Management agreementThe Manager will receives a fee of 1.25% p.a. of the Management Fee Base (calculated in relation to investments, excluding Private Equity Investments in respect of which a member of the Apax Group and/or the Investment Manager Group is entitled to receive a management fee and/or an advisory fee, or which Private Equity Investments from time to time pay a member of the Apax Group and/or the Investment Manager Group a management fee and/or an advisory fee). i)The fee shall be payable quarterly in arrears and each payment shall be calculated using the quarterly Management Fee Base as at the preceding quarter end. If the portfolio generates an internal rate of return equal to or greater than 8%, a performance fee of 20% of total realised net gains in relation to such investment portfolio will be payable, provided that any such payment shall not reduce the internal rate of return below 8%; (ii) generating an internal rate of return equal to or greater than 0%. but less than 8%, no performance fee shall be payable in respect of such investment portfolio; and (iii) being negative, no performance fee shall be payable in respect of such investment portfolio.

Data provided by Morningstar. Company documents provided by Financial Express. 

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