Apax raises $7.9 bln for its global fund, says source: Reuters

Private equity firm Apax Partners has secured $7.9 billion for its latest pool of capital, according to a source familiar with the matter.

The firm has held a first close on the fund, the person said, meaning it can now begin investing the capital.

Reuters had reported last year that Apax, whose investments have included King, maker of Candy Crush, and AutoTrader, would begin raising capital for its ninth fund at the end of 2015.

Bloomberg had earlier reported on Monday that Apax had raised the money for its fund Apax IX, citing people familiar with the matter.

Apax Partner declined to comment.