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IN BRIEF: Apax Global Alpha to commit $40 million to new fund

ALN

Apax Global Alpha Ltd - a closed-ended investment company that invests in a portfolio of private equity funds advised by private equity firm Apax Partners LLP - Intends to commit $40 million to the AMI Opportunities Fund II. Says the investment is in accordance with its investment policy to invest in new private equity funds advised by Apax. Notes the commitment still depends on the approval and execution of the relevant legal documentation, among other things.

AMI Opportunities Fund II is the successor fund to the AMI Opportunities Fund, focused on investment opportunities in Israeli mid-market companies.

Current stock price: 207.00 pence

12-month change: up 7.6%

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