Apax Rakes In $1B For Tech-Based Growth Fund

Law360, New York (December 6, 2017, 4:46 PM EST) -- Apax Partners LLP has closed a new technology and internet-focused fund after taking in $1 billion from investors, the firm said on Wednesday, marking the completion of its fundraising by co-leading an investment round for an online luxury retailer.

Apax Digital Fund exceeded its $800 million target, setting its sights on minority and buyout investments for global companies in the software, marketplaces, digital media, data and analytics industries, among others. Apax said the new fund makes investments between $30 million and $150 million but has the...
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