Audax raises $2.25 billion private equity fund

[November 17, 2015]  By Koh Gui Qing

(Reuters) - Alternative asset management firm Audax Group has successfully raised its fifth private equity fund, amassing $2.25 billion and exceeding its $1.75 billion fundraising target, the firm said in a statement on Tuesday.

The fund will primarily invest in companies valued at between $50 million to $300 million, including debt, according to the statement. Public and corporate pension funds, high net-worth families and Audax executives are among investors in the fund.

Founded in 1999 with offices in Boston, New York and Menlo Park, California, Audax manages more than $9 billion through its private debt and private equity businesses.

(Reporting by Koh Gui Qing in New York; Editing by Alan Crosby)

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