Audax Group Closes Sixth Private Equity Fund with $3.5 Billion of Commitments
Sep. 05, 2018
BOSTON & NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Sep 5, 2018--Audax Group (“Audax”), a leading alternative investment manager specializing in investments in North American middle market companies, today announced the close of Audax Private Equity Fund VI (“Fund VI”). Audax held the first and final close of Fund VI in August, above the $3 billion target at its hard cap of $3.5 billion. The Fund was significantly oversubscribed, with a diverse set of investors from the U.S., Europe, Asia-Pacific, the Middle East, Canada, and Latin America.
With Fund VI, Audax will continue its strategy of investing in middle market companies headquartered in North America. Audax works closely with portfolio company management teams to drive long-term value and accelerate growth through the pursuit of a disciplined Buy & Build investment strategy.
About Audax Group
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $23 billion in capital across its Private Equity and Private Debt businesses. With more than 220 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.
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Sard Verbinnen & Co.
Julie Rudnick/Julie Casale
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA MASSACHUSETTS NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Audax Group
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PUB: 09/05/2018 08:00 AM/DISC: 09/05/2018 08:01 AM