Fundraising Fox

Audax Group

Private equity

Boston Β· Growth

Also known as AUDAX MANAGEMENT COMPANY, LLC

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Investment thesis

Audax Group focuses on the middle market through its two businesses, Audax Private Equity and Audax Private Debt. The firm emphasizes a consistent, long-standing dedication to middle market companies even as it has scaled, which it positions as a competitive advantage in sourcing, supporting, and helping grow these companies.

Invests inSector AgnosticBostonUnited States

Source: firm website, verified Aug 18, 2026.

Stage
Growth
HQ
Boston, US
Instruments
Equity Β· Debt
AUM
$20.1B

Founder mafia

2 people who came through Audax Group went on to found or lead other companies.

Fund performance Β· per public LP disclosures Β· 13

as of Jun 2024
FundVintageCommittedNet IRRTVPIDPI
Audax Mezzanine Fund V A LPLPs: Florida State Board of Administration2022β€”15.5%1.17x0.23x
Audax Private Equity Fund VII-BLPs: Tulare County Employees' Retirement Association2022β€”β€”0.01xβ€”
Audax Mezzanine Fund VLPs: Florida State Board of Administration, Minnesota State Board of Investment2020β€”11.9%1.18x0.37x
Audax Private Equity Fund VILPs: Pennsylvania Public School Employees' Retirement System, Maryland State Retirement and Pension System2019β€”23.5%1.70x0.64x
Audax Direct Lending Fund ALPs: Imperial County Employees' Retirement System2017β€”14.6%1.49x0.58x
Audax Senior Debt (MP), LLCLPs: Maine Public Employees Retirement System2017β€”5.2%β€”1.35x
Audax Private Equity Fund VLPs: Pennsylvania Public School Employees' Retirement System, Maryland State Retirement and Pension System2016β€”21.9%2.10x1.59x
Audax Mezzanine Fund IV-A, L.P.LPs: Florida State Board of Administration, Minnesota State Board of Investment2015β€”10.2%1.25x0.98x
Audax Credit Opportunities (SBA) LLCLPs: Florida State Board of Administration2010β€”6.6%2.31x0.19x
Audax Mezzanine Fund III, L.P.LPs: Minnesota State Board of Investment, Connecticut Retirement Plans and Trust Funds, San Diego City Employees' Retirement System2010β€”9.6%1.31x1.30x
Audax Private Equity Fund IIILPs: Pennsylvania Public School Employees' Retirement System, John D. and Catherine T. MacArthur Foundation, Maryland State Retirement and Pension System +1 more2007β€”14.9%2.00x1.95x
Audax Mezzanine Fund IV, L.P.LPs: Florida State Board of Administration2001β€”12.0%1.22x0.63x
Audax Private Equity FundLPs: Pennsylvania Public School Employees' Retirement System2000β€”13.1%1.50x1.52x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does Audax Group invest at?
Audax Group invests at the Growth stage.
What sectors does Audax Group focus on?
Audax Group focuses on Sector Agnostic.
Where is Audax Group located?
Audax Group is headquartered in Boston, US.

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