Investment group

The investment group Apax will pour 700 million dollars into a private equity fund

By Najiyya Budaly (June 28, 2022, 4:44 PM BST) – Investment group Apax Global Alpha announced on Tuesday that it will commit $700 million to a new private equity fund, known as Apax XI Fund, to invest in buyout opportunities across the world in the technology, services, healthcare and consumer sectors.

Apax Global Alpha Ltd., which is listed on the FTSE 250, said the cash will be made up of 70% US dollars and 30% euros, to ensure that there is enough of these two currencies to hedge its current investment portfolio. He added that the commitment is “consistent with the company’s investment policy to invest in new private equity funds advised…

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