Apax Partners has closed its most recent global fund with $7.5 billion of commitments. Apax VIII, similar to Apax's prior funds, will follow a sector-focused investment strategy. Target sectors include tech & telecom, retail & consumer, media, healthcare and financial & business services. The firm's latest fundraising haul brings its total committed capital to more than $40 billion across all funds. Apax closed its acquisition of designer and retailer Cole Haan earlier this year, and inked an agreement last month to take apparel retailer rue21 private for approximately $1.1 billion.