# Apax Partners Targets Increased Investment Pace in India’s AI Sector Global private equity firm leverages India's change management capabilities to drive operational AI efficiency. - **Source:** [mint - companies](https://www.livemint.com/rss/companies) - **Published:** 2026-11-01 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/647f5558-7e11-48a0-80a9-15dd8a1ce997 ## Strategic Focus on India Apax Partners is accelerating its investment pace in India after two decades of successful operations. Co-CEO Mitch Truwit emphasizes that India’s intellectual capital and education levels position it to excel in the AI race. The firm views the country as a high-performing market, having already delivered over $10 billion in total value. ## Operationalizing AI Efficiency While India may not be a pioneer in developing large language models, the firm identifies the country’s strength in change management as a critical asset. Apax believes this capability is essential for businesses looking to operationalize AI effectively. This focus on implementation differentiates India from other global markets in their portfolio. ## Proven Historical Performance The firm’s historical returns in India have been exceptional, exceeding a 25% internal rate of return. Despite recent currency depreciation and macroeconomic headwinds, Apax maintains a long-term perspective. They view these short-term challenges as manageable factors that are carefully baked into their underwriting process for every new deal they evaluate. ## Single Global Capital Pool Unlike many peers that maintain dedicated Asia-specific funds, Apax deploys capital from a single global pool. This strategy allows for more selective, returns-based investment decisions rather than asset gathering. Currently, the firm is deploying its eleventh fund of $12 billion and expects a first close for its twelfth fund by March. ## Future Investment Allocation Apax plans to allocate approximately 10% of its new capital toward the Indian market. The firm intends to concentrate these investments within the technology, consumer, and healthcare sectors. Current Indian portfolio holdings include notable companies such as Fractal Analytics, Globalogic, Healthium, iD Fresh, greytHR, Azentio Software, and IBS Software, among others. ## Targeting Digital Growth Partner Harjot Dhaliwal highlighted specific areas of interest for future capital deployment, including supply chain management and cybersecurity. The firm is actively seeking new-age digital businesses where they can drive significant operational improvements. By focusing on these high-growth verticals, Apax aims to maximize value for its investors over five-to-seven-year horizons. ## Navigating Market Volatility While foreign portfolio investors have withdrawn capital over the last 18 months, Apax remains committed as patient capital. They acknowledge that India’s GDP growth and currency fluctuations present risks, yet they remain optimistic. The firm prioritizes long-term value creation over the noise of geopolitical tensions, oil price volatility, or AI market froth. ## Long-Term Market Commitment Apax has invested roughly $4 billion in India to date, with current exposure remaining under 10% of its total global investments. By leveraging its deep experience in change management and operational scaling, the firm continues to view India as a vital component of its global strategy for delivering consistent, high-quality investor returns. ## Sources covering this story - https://www.livemint.com/companies/indias-ai-strengths-to-spur-faster-investment-says-apax-co-ceo-mitch-truwit-11793277398310.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._