Apax raises $1.75 billion for second digital fund

Apax held the final close for its Apax Digital Fund II, which had a high re-up rate and reached its hard cap of $1.75 billion in less than four months.

The fund’s strategy is to invest in high-growth technology globally, targeting minority growth and growth buyout opportunities in rapidly expanding software, internet and tech-enabled services companies worldwide.

Managing Partners Dan O’Keefe and Marcelo Gigliani lead the Apax Digital team. Since inception, the Apax Funds have invested roughly $16 billion in more than 200 companies within the technology sector.

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