Audax closes fifth mezzanine fund

Audax Private Debt raised $1.85 billion in fresh capital for its latest mezzanine fund that saw global interest despite the challenging fundraising environment.

Audax Private Debt President Kevin Magid (provided)

Audax Mezzanine Fund V will continue the group’s strategy of directly sourcing junior debt investments in middle market, private equity sponsor-backed companies in North America. Since the firm’s 2000 inception, it has invested over $23 billion across more than 860 companies in support of over 240 private equity sponsors, and has raised more than $17 billion in capital.

“As one of . . .

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