Sunday, 29 March 2015
Last updated 2 days ago
Jun 5 2007 | 10:20am ET
The Audax Group has raised its third private equity fund, Audax Private Equity Fund III, which held a first and final close of $1 billion on June 1. The new fund will be invested exclusively in control, leveraged acquisitions of middle-market companies.
The vast majority of capital for the new offering comes from investors in prior Audax funds, with the balance stemming from a handful of new institutional investors, according to Garz Soule, director of investor development.
Audax Private Equity is part of Audax Group, a leading private equity and debt capital investor in middle market companies. Co-CEOs Geoffrey Rehnert and Marc Wolpow founded Audax in 1999. The firm has over 80 employees and manages in excess of $3.5 billion in capital.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…