Apax, a global private equity advisory firm, has held the the final close of Apax Digital Fund II (ADF II) at its USD1.75 billion hard cap.

The fund will invest in high-growth technology companies globally. ADF II will pursue the same strategy as its predecessor fund, targeting minority growth and growth buyout opportunities in rapidly expanding software, internet, and tech-enabled services companies worldwide.

The Apax Digital team, co-led by Managing Partners Dan O’Keefe and Marcelo Gigliani, will continue to draw on Apax’s deep-rooted technology expertise, global platform, and Operational Excellence Practice to partner with exceptional founders and leadership teams to help them accelerate growth, drive transformational change, and unlock value. Since inception the Apax Funds have invested cUSD16 billion in more than 200 companies within the technology sector.

Marcelo Gigliani and Dan O’Keefe, Managing Partners of Apax Digital says: “We are grateful for the confidence of our investors, many of whom backed the predecessor fund. As demonstrated by ADF I, our deep technology expertise, the strength and scale of Apax’s global platform, and the value creation driven by Apax’s operational team, allow us to empower the companies we work with to go farther, faster.”

Read more/Source: Private Equity Wire