Apax Global Alpha Ltd is a closed-ended investment company that invests in a diversified portfolio of private equity funds and Derived Investments. The company's investment objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends. It is targeting an annualized Total Return across economic cycles of nearly 12-15%, which includes net fees and expenses. Once fully invested, the company aims to pay an annualized dividend yield of about 5% of Net Asset Value per annum. Geographically, it derives a majority of revenue from North America.