Saturday, 25 June 2016
Last updated 12 hours 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.