Audax Private Equity recently announced it closed two new funds with a
combined $7.8 billion.
Audax Private Equity Fund VII was oversubscribed, hitting its
hard cap of $5.25 billion.
Audax Private Equity Origins Fund I closed with $774 million,
exceeding its initial target. This fund is the firm's first
lower middle market strategy.
When combined with a $1.8 billion commitment from the Audax
team, the two funds provide $7.8 billion of equity for
deployment.
Audax, with private equity offices in Boston,
New York and San Francisco, focuses on investments in middle market
companies and has a wide flexibility on investment size. Founded in
1999, the firm targets companies within healthcare and several
other industries, specifically those generating between $10 million
and $50 million in annual EBITDA.
