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(Alliance News) - British investment trust Apax Global Alpha Ltd on Monday said it intends to commit USD450 million to the Apax X Private Equity Fund, split equally between the euro and dollar tranches of the fund.
The investment is in line with the company's investment policy to invest in new private equity funds launched by Apax Partners and with a view to maintaining a balanced exposure to Private Equity and Derived Investments.
The Apax X fund will aim to continue the Apax Funds' established strategy of investing in buyout investments globally across Technology & Telecom, Services, Healthcare and Consumer.
Shares in Apax Global Alpha were untraded at 152.00 pence each on Monday afternoon in London.