Apax closes Apax Digital Fund II at $1.75bn hard cap

24th September 2021

• Reaches hard cap in less than four months

• Oversubscribed second tech-focused growth equity fund with a high re-up rate

• Leverages Apax’s deep technology expertise and global platform to invest in minority growth and growth buyout opportunities worldwide

Apax, a leading global private equity advisory firm, announced today the final close of Apax Digital Fund II (“ADF II”) at its $1.75bn 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 c.$16bn in more than 200 companies within the technology sector.

Marcelo Gigliani and Dan O’Keefe, Managing Partners of Apax Digital commented: “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.”

Mitch Truwit, Co-CEO of Apax and Chairman of Apax Digital , said: “We want to thank our limited partners for their support, which is a testament to the fund’s performance and the Digital team’s distinctive positioning in the market. Their experience, dedication, and ability to help companies scale and accelerate growth gives them a clear edge.”