Audax Collects $1.5B for Fund V, Offers Choice for Fee/Carry Structure
September 28, 2015
Audax Group has reportedly raised $1.5 billion for Audax Private Equity Fund V, which is said to have a $2.25 billion hard cap. According to the report, the firm has given LPs the option of a 1% percent management fee with a 30% carried interest rate along with the more common 2/20 structure. Audax's fourth buyout fund raised $1.25 billion in 2012 and was generating a top-quartile 20.54% IRR as of 2Q of this year.