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Apax Global Alpha Ltd - closed-ended investment company that invests in a portfolio of private equity funds advised by private equity firm Apax Partners LLP - Will invest $700 million into the Apax XI Fund.
Investment will be split 70-30 between the dollar and euro tranches of the fund, in order to approximate the currency mix of expected future realisations from Apax's portfolio.
The Apax XI fund will invest across Apax's four core sectors: technology, services, healthcare and internet.
Current stock price: 184.00 pence
12-month change: down 7.1%
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