Apax Development Fund
Apax Development Fund is a private equity fund organized in France and advised by Seven2 Sas. Its adviser reported $338,443,628 in gross assets for the fund on Form ADV, filed Mar 19, 2024. It reported 69 beneficial owners, about 96% of it owned by non-U.S. persons. The minimum investment it accepts is $2,000,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors.
- Gross assets
- $338,443,628As reported on Form ADV
- Beneficial owners
- 69
- Minimum investment
- $2,000,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 owners
- Fund type
- Private equity fund
- Domicile
- France
- Auditor
- Ernst & Young Et Autres
- Custodian
- Caceis Bank
- Adviser
- Seven2 Sas · Paris, France · CRD 164876
- Reported on
- Mar 19, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Apax Development Fund
What is the minimum investment for Apax Development Fund?
According to its adviser's Form ADV filed Mar 19, 2024, the minimum investment Apax Development Fund accepts is $2,000,000.
Who can invest in Apax Development Fund?
Apax Development Fund is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1).
How large is Apax Development Fund?
Its adviser reported $338,443,628 in gross assets on Form ADV filed Mar 19, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages Apax Development Fund?
Apax Development Fund is advised by Seven2 Sas, based in Paris, France.
Who are Apax Development Fund's service providers?
Its Form ADV lists Ernst & Young Et Autres as auditor.