Patricof Becomes Apax

NEW YORK -- In a strategic move to fortify its role as one of the leaders in global private equity, Patricof & Co. Ventures, Inc. today announced the decision to operate internationally as "Apax Partners," the name used by its sister companies in Europe and Asia. Worldwide, the Apax Partners group manages more than $11 billion on behalf of leading institutional investors. According to Alan Patricof, Founder and Chairman of Patricof & Co., the move to a single global brand is an important step in the company’s evolution. "More than 30 years ago, we envisioned a global marketplace for private equity, and saw the tremendous potential in pursuing international investments," he said. "Now is the time to capitalize on those efforts. By operating under one banner around the world, we are launching a bold new chapter in our history. We’re building on a solid, global foundation with shared values that reverberate across our many cultures and geographies." Apax Partners