Deals
Apax Crawls Toward $10.5 Billion Target for Latest Buyout Fund
- Private equity firm expects to reach target by second quarter
- Peers including Cinven have raised capital at record pace
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Apax Partners is inching toward its latest fund raising goal of $10.5 billion.
The private equity firm, which began raising in the second quarter of last year, has so far collected more than $9 billion for its 10th flagship fund, people with knowledge of the situation said, asking not to be identified as the details are private. It expects to reach its target next quarter, one of the people said.