# Apax's Andrew Sillitoe and Mitch Truwit - buying complexity for value in the middle market: AGM Live from SuperReturn

Page: https://stenobird.com/podcast/alt-goes-mainstream-the-latest-on-alternative-investments-wealthtech-private-markets-1384568/apax-s-andrew-sillitoe-and-mitch-truwit-buying-complexity-for-value-in-the-middle-market-agm-live-from-superreturn
Text version: https://stenobird.com/podcast/alt-goes-mainstream-the-latest-on-alternative-investments-wealthtech-private-markets-1384568/apax-s-andrew-sillitoe-and-mitch-truwit-buying-complexity-for-value-in-the-middle-market-agm-live-from-superreturn.md
Podcast: [Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets](https://stenobird.com/podcast/alt-goes-mainstream-the-latest-on-alternative-investments-wealthtech-private-markets-1384568)
Published: 2026-07-21T12:00:15+00:00
Episode link: https://share.transistor.fm/s/a72e4a26
Audio file: https://media.transistor.fm/a72e4a26/8a4a780c.mp3
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JSON: https://stenobird.com/v1/public/podcasts/alt-goes-mainstream-the-latest-on-alternative-investments-wealthtech-private-markets-1384568/episodes/apax-s-andrew-sillitoe-and-mitch-truwit-buying-complexity-for-value-in-the-middle-market-agm-live-from-superreturn
Duration seconds: 1710

## Resource

Welcome back to the Alt Goes Mainstream podcast. We were live from Berlin, which becomes the “capital of private capital” in June as the private equity’s industry leaders make the annual pilgrimage to the city for one of the marquee private equity conferences, SuperReturn Berlin. Much of the SuperReturn conference is centered on fundraising. GPs take up every available space — from hotel rooms to Tiny Space cabins that line the parking spots on Budapester Strasse outside of the InterContinental conference venue — to conduct meetings with LPs. With Prosek Partners and former Bloomberg TV journalist Deirdre Bolton as my producer, along with her team, we took over a Tiny Space cabin to hold big conversations with some of the industry’s leading alternative asset managers. Our first conversation was with Apax Co-CEOs Andrew Sillitoe and Mitch Truwit . Apax is one of the pioneers in the private equity industry. The firm’s rich history dates back to the 1970s, when its founders, Alan Patricof (US), Sir Ronald Cohen (UK), and Maurice Tchénio (France), came together to establish the first US-UK partnership firm in private equity. During that time period, the firm backed Steve Jobs and the first iteration of Apple. The UK and US firms merged in 1981, laying the foundation for Apax. Today, Apax stands at over $80B in aggregate funds raised. The firm underwent its second leadership transition in 2014, when Andrew and Mitch were elected as Co-CEOs, succeeding Martin Halusa, who became Chairman. Apax sits in a unique position. They are a scaled platform that focuses on the middle market. They operate across three sectors, Tech, Services, and Digital / Consumer, infusing a digital DNA and value creation team into everything they do. Their platform spans “a mile wide and a mile deep,”…

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