Apis Raises $1.2 Billion to Invest in Financial Infrastructure

Private equity firm Apis Partners has raised $1.23 billion for its latest generation of funds that will invest in financial infrastructure and services.

The London-based firm reached the final close for Apis Global Growth Fund III and Apis Growth Markets Fund III, securing 23% more than its target, according to a statement seen by Bloomberg News. That’s more than double the $563 million it raised for a predecessor vehicle.