Private equity major Apax Partners is already eyeing up to $13bn for its latest flagship fundraise, just a year after closing its $11bn Fund X vehicle.
The firm is set to pick up a $100m commitment from the Minnesota State Board of Investment according to the pension fund’s latest Investment Advisory Council meeting minutes, which revealed almost $2.5bn of new alternative asset fund commitments.
Another $150m was pledged to each of Advent International GPE X, Blackstone Capital Partners IX, Brookfield Capital Partners VI and Blackstone Growth II, while Bridgepoint Europe VII and IK X Fund both received a €90m commitment.
Asia Alternatives MN Asia Investors picked up $250m, Nordic Capital XI €90m, Thoma Bravo XV $100m and TPG Partners IX $100m, while Welsh, Carson, Anderson & Stowe’s WCAS XIV received $150m and Wind Point Partners X $100m.
Read more: AltAssets