BOSTON & SAN FRANCISCO–(BUSINESS WIRE)–Audax Private Equity, a leading alternative investment manager and capital partner for North American middle market companies, received several high-profile awards and rankings in the first quarter of this year. Most recently, in March, the firm was named Mid-Market Firm of the Year in North America in the 2022 Private Equity International Awards and was voted the “Best of the Best” private equity firm in the mid-cap category by South Korean institutional investors surveyed by The Korea Economic Daily, Global Edition.
This recognition follows other honors so far awarded to Audax in 2023. Audax was also ranked among the top three most active private equity firms in the U.S. in PitchBook’s 2022 Annual League Tables, while Audax Private Equity Fund VI was among the top five funds over $1 billion in size in Preqin’s 2023 ranking of the Top Performing Private Equity Funds by Net IRR. Audax was also included in the inaugural ranking of the Top 50 Private Equity Firms for Executives, compiled by PrivateEquityCXO and Falcon Partners.
“We are honored to receive these distinctions and believe it’s a testament to the organization and team we’ve built at Audax over the previous two-plus decades,” said Young Lee, Co-President and Senior Managing Director of Audax Private Equity. “These awards help to validate the investments we’ve made in our team and our platform that position Audax as a partner of choice among business owners, the broader deal community, and across our global investor base.”
In 2022, Audax Private Equity completed 10 new platform investments, acquired 112 add-ons, and secured 15 liquidity events that translated into $2.8 billion in total realizations (including both fund capital and GP co-investment vehicles). Audax Group also introduced Audax Strategic Capital, based in New York and London, to serve as a flexible partner to private equity sponsors and provide a versatile mix of mid-hold and follow-on investments as well as continuation capital.
“We take deep pride in the breadth and strength of the relationships we’ve developed across the middle market,” said Keith Palumbo, Co-President and Senior Managing Director of Audax Private Equity. “We also recognize that these honors wouldn’t be possible without the deep sense of partnership that characterizes our work with portfolio company management teams, lenders, deal partners, and our peers, or without the ongoing support of our global investor base. This collaboration has been integral to our success and we look forward to building upon these relationships in the years to come.”
ABOUT AUDAX PRIVATE EQUITY
Based in Boston and San Francisco, Audax Private Equity is a leading middle market investment firm with approximately $15 billion of assets under management, over 185 employees, and 80-plus investment professionals. Since its founding in 1999, the firm has invested in more than 160 platforms and 1,150 add-on acquisitions. Through our disciplined buy-and-build approach, across six core industry verticals, Audax helps portfolio companies execute on organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value.
Audax Private Equity is a part of Audax Group, a leading alternative investment manager with approximately $36 billion of assets under management. For more information, visit audaxprivateequity.com or follow us on LinkedIn.