Apax operates a conflicts of interest policy which incorporates best practice from the BVCA and the latest guidance from the International Organisation of Securities Commissions (IOSCO). All Apax staff have a responsibility under the policy to identify conflicts of interest and ensure that they are appropriately managed.
In relation to the investment process there is an early assessment of potential conflicts by the Approval and Investment Committees. Conflicts can also be referred to an internal conflicts committee comprising the CEO, the Head of the Investment Committee and the Head of Risk and Compliance. Any material conflicts regarding the Apax Funds are referred to the relevant Apax Fund’s LP Advisory Committee, which is made up of representatives of key investors in such funds.