Apax Partners is seeking to raise around €9 billion for a new buyout portfolio, The Wall Street Journal reports. The Apax VIII fund will mainly make buyout investments in Europe.
The team of London-based firm will commit about €400 million to the latest fund, which is scheduled to close in the fourth quarter 2011. The money to be raised for the new portfolio will be 20% less than the amount raised by Apax Europe VII in 2007.
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