Audax Closes Fund IV At $1.25B Cap

Firm: Audax Group

Fund: Audax Private Equity Fund IV

Target: $1 billion

Amount Raised: $1.25 billion

Placement Agent: None

Audax Group, the Boston firm whose two founders trace their roots to Bain Capital, announced that it has closed the fourth iteration of its flagship fund at its hard cap of $1.25 billion. The tally was 25 percent ahead of the $1 billion target for Audax Private Equity Fund IV.

And at that, the firm still couldn’t meet the demand by investors for Fund IV, Geoffrey S. Rehnert, a co-chief executive officer, told Buyouts. “We’re pleased to have our fund raised, and we’re pleased to have been oversubscribed,” Rehnert said. ...

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