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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC, Future Fund buy 7.7% of Apax Partners Management

Posted on 25 February 2009

From Nasdaq.com: GIC Special Investments, a unit of the Singapore sovereign wealth fund, and Future Fund, the Australian sovereign wealth fund, have bought 7.7% of the management company of U.K.-based private-equity firm Apax Partners LLP , people familiar with the deal said Tuesday.

Apax is in talks to sell an additional 2.3% stake to GIC and Future Fund, one person said. The initial sale was completed late last year, the person said….. Full Article: Source


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