Audax Private Equity, an alternative investment manager and capital partner for North American middle-market companies, has closed two new funds: Audax Private Equity Fund VII (Fund VII) and Audax Private Equity Origins Fund I (Origins).
Both funds exceeded fundraising targets. Origins closed on $774 million in commitments, while Audax’s flagship vehicle, Audax Private Equity Fund VII, hit its hard cap of $5.25 billion in commitments. Combined with an additional $1.8 billion available through GP co-investment vehicles, the two funds provide Audax with $7.8 billion to deploy across the middle and lower middle markets.
Through Fund VII and Origins, Audax will continue its strategy of investing in North American platforms across six core industry specializations: Business Services, Consumer, Financial Services, Healthcare, Industrial Services & Technologies, and Software & Technology.
Both Fund VII and Origins received commitments from a diversified mix o
