Audax Group, an alternative asset management firm specializing in investments in North American middle market companies, closed its fifth fund at $2.25 billion.
Audax Private Equity Fund V, which exceeded its fundraising target of $1.75 billion, was oversubscribed and received capital from a select group of institutional investors (including public and corporate pension funds, insurance companies, endowments and foundations) and high net worth families, high-net worth limited partners, and the firm’s senior professionals.
The fund will continue to follow the firm’s strategy of investing in middle-market companies across a select group of industries pursuing a “Buy & Build” strategy that aims to grow smaller companies into strategic assets.
Founded in 1999 and based in Boston, MA, NYC and Menlo Park, CA, Audax has raised $12 billion of capital and currently manages more than $9 billion through its private equity and private debt businesses.
FinSMEs
17/11/2015