Since its founding in 1999, Audax has raised a total of $12 billion of capital. The new fund has as institutional limited partners the typical mix of public and corporate pension funds, insurance companies, endowments and foundations and high net worth families.
“We appreciate the support from our existing and new investors and thank them for their commitment to Audax,” said Co-Chief Executive Officers, Geoffrey Rehnert and Marc Wolpow in a released statement. “The significant demand for our fifth private equity fund underscores the capability of our team and our differentiated strategy, as well as our investors’ confidence in our consistent track record of delivering attractive returns. We look forward to leveraging our deep industry experience to pursue and capitalize on exciting investment opportunities across the lower-middle market.”
The Audax Group makes control investments of $10 million to $100 million in middle market companies with transaction values of $25 million to $500 million. Sectors of interest include industrial manufacturing; energy; outsourced industrial services; consumer products; healthcare devices and services; non-asset based logistics; technology; aerospace & defense; business services; and direct marketing.
Audax has over $6 billion in assets under management in its private equity, mezzanine, and senior debt businesses. The firm has offices in Boston, New York, and Menlo Park (www.audaxgroup.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 11-17-15