– Audax Strategic Capital (ASC), part of the Audax Private Equity platform, closed its inaugural Audax Private Equity Solutions Fund above target.
– The fund has approximately $1.3 billion in total deployable capital, including related vehicles and a GP commitment.
– Audax Private Equity contributed about 20% of LP commitments as its GP commitment.
– Limited partners include a broad mix of domestic and global institutional investors.
– Strategy focuses on providing customized, mid-hold equity solutions to performing companies while mitigating downside risk.
– ASC offers sponsors an alternative to continuation vehicles, enabling extended ownership and growth for portfolio companies.
– Leadership includes Donald G. Bramley (Partner), Kumber Husain (MD, New York), Daniel Green (MD, London), and David Wong (Partner).
– Approximately one-third of capital has been deployed across eight investments in North America and Europe.
– Investments support long-tenured, respected sponsors in the middle to later stages of the investment lifecycle.
– ASC makes non-control, mid-hold equity investments that can: Facilitate passive shareholder liquidity, Help GPs manage concentration limits, Enable cross-fund investments
– Investor base includes public and private pensions, consultants, funds of funds, insurance companies, asset and wealth managers, banking institutions, high-net-worth individuals, and family offices.
– Young Lee and Keith Palumbo, Partners and Co-Presidents of Audax Private Equity: “For 25-plus years, we’ve executed, refined and invested in the Audax ‘value agenda,’ which characterizes our bottom-up, multi-layered approach seeking to drive sustainable growth.”
– Donald G. Bramley, Partner, Audax Private Equity: “We want to thank our limited partners. Both existing investors and new Audax relationships recognized an opportunity to broaden exposure to middle market private equity investments through a strategy that looks to back performing companies while seeking to mitigate downside risk.”
– Kumber Husain and Daniel Green, Managing Directors, ASC: “We believe we can deliver value to sponsors seeking flexible capital solutions to extend their ownership of performing investments by providing an alternative to continuation vehicles.”
– David Wong, Partner, Audax Private Equity: “The strategy is premised on delivering capital for growth and solving bespoke portfolio management challenges at the middle to later stages of the investment lifecycle.”
– Fund received commitments from both new investors and existing Audax Private Equity LPs.
– Audax Private Equity emphasizes its 25+ year “value agenda” approach to driving sustainable growth.
– ASC is positioned as a natural extension of Audax’s middle-market growth partnership philosophy.
