Apax seeks $1.5B target for new digital fund
March 10, 2021- Share:
Apax Partners has set a $1.5 billion target for its second midmarket digital fund, a month after closing its 10th flagship fund on $11 billion, The Wall Street Journal reported. The new vehicle, Apax Digital II, is expected to hold a first close in Q2. The digital growth unit of London-based Apax makes equity investments of between $50 million and $150 million, targeting companies in subsectors including software, data & analytics, digital media and ecommerce.
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