Audax Private Equity Fund III Closes at $1B

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.

In Depth

Caliber: Making the Most Out of Marketing and Public Relations

Oct 5 2016 | 7:09pm ET

It has never been harder for small to medium-sized alternative investment firms...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...