Apax Partners closes $500 mln for Israeli midmarket PE fund

Apax Partners has closed its debut Israeli buyout fund on $500 million for investments in Israeli mid-market companies, the firm announced today.

As previously reported by Reuters, the fund’s initial target was $300 million.

Israeli investors provided half of the pool’s capital commitments.

The fund will focus on tech and telcom, services, healthcare and consumer.

Photo of Israeli flag and bar chart illustration courtesy of Shutterstock.