Apax Closes $7.5B Fund For Growth-Oriented PE Investments

Law360, New York (June 21, 2013, 6:22 PM EDT) -- U.K. private-equity house Apax Partners LLP has closed a massive $7.5 billion fund that will make long-term, growth-oriented investments in companies across the globe, Apax said Friday.

The London-based fund firm said that Apax VIII will pursue a similar strategy to previous Apax funds, making sector-focused investments in companies projected for significant short- or long-term growth. With the fund closing, Apax now has more than $40 billion in global assets under management devoted to its growth-oriented private-equity strategy.

An Apax spokesman said that the fund officially...
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