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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Investment, Market

Apax sells stake to Singapore’s GIC, Australia’s Future Fund

Posted on 24 February 2009

From Bloomberg: Apax Partners Worldwide LLP, a London-based private equity firm, agreed to sell a stake of less than 10 percent to two investors to raise money for investments.

The Government of Singapore Investment Corp.’s private equity unit, GIC Special Investments, and the Australian public pension plan Future Fund acquired the stake for an undisclosed amount, Ben Harding, an Apax spokesman in London, said today. …. Full Article: Source


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