Regions

Apax Partners closes fund at US$7.5 billion

June 22
11:21 AM 2013

Apax Partners, a globally leading private equity firm, said on Friday that it has received US$7.5 billion in funding called Apax Fund VIII. The fund's investors include different pension funds, private and public, sovereign wealth funds, high net worth individuals and insurance companies. The company stated that it had spent almost over a year raising the fund from the pool's initial close last year.

Martin Halusa, chief executive officer of Apax Partners, said, "We are pleased to announce today the final close of Apax VIII and would like to thank our existing and new investors for their support and confidence in the Apax team."

Explaning further on Apax VIII. Halusa elaborated, "We believe the strength of commitments received reflects confidence in our ability to add real value and is a clear endorsement of Apax's global growth investing model.  With a track record spanning three decades and several economic cycles, and a well-resourced and experienced team, we believe Apax VIII is well positioned to be successful and we are excited by the opportunities we see ahead." 

Apax has been operating for over 30 years in different countries, focusing on the tech, telecom, retail, consumer, and media services industries.

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