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Apax promotes in NY with new fund looming

Private equity firm wants to change fund terms to see its executives paid sooner, as it looks to retain young talent

Apax promotes in NY with new fund looming

London-based buyout firm Apax Partners has promoted four executives in its New York office. The promotions come as the firm is offering investors a choice of terms on its latest fund in part to ensure it can hold on to its younger executives.

Mark Zubko, head of the firm's capital markets group, has been promoted to partner, according to the firm's website. Zubko, who is based in New York, joined Apax in 2010 before which he worked at Terra Firma Capital Partners, MidOcean Capital Partners and Goldman Sachs. Zubko will continue to lead the capital markets group.

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