Hardman & Co Assesses Apax Global Alpha's 2024 Performance

Hardman & Co Research has released an analysis of Apax Global Alpha (AGA), highlighting 2024 as a challenging year. AGA reported a total NAV return of 0.8%, down from its five-year average CAGR of 8.3%. Notable hurdles included difficulties in the healthcare sector and specific portfolio companies, affecting overall performance despite robust EBITDA growth among investee companies.

The report suggests potential for improved long-term returns. Key positives include an increase in business assets ready for 2025 exits, and stronger demand. Moreover, future prospects are bolstered by a focus on accelerating new investments.