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Laxman Pai, Opalesque Asia:

Audax Private Equity has closed its latest middle-market buyout fund Audax Private Equity Fund VII, at its hard cap of $5.25 billion in commitments, and its Audax Private Equity Origins Fund at $774 million.

Combined with an additional $1.8 billion available through GP co-investment vehicles, the two funds provide Audax with $7.8 billion to deploy across the middle and lower middle markets, said a press release from the alternative investment manager based in Boston and San Francisco.

"Through Fund VII and Origins, Audax will continue its strategy of investing in North American platforms across six core industry specializations: Business Services, Consumer, Financial Services, Healthcare, Industrial Services & Technologies, and Software & Technology," said middle market investment firm with approximately $16 billion of assets under management.

Young J. Lee, Co-President of Audax Private Equity said: "The successful fundraises are a testament to our 20-plus year focus on the middle market, the tenure and experience of our team, and Audax' Buy & Build strategy, which drive the consistency and persistence of our approach against any economic backdrop."

"We're excited to introduce our Origins strategy," added Audax Private Equity Co-President Keith Palumbo. "Our approach remains unchanged -- Audax Private Equity's scale and deep strategic resources provide a distinct competitive advantage to middle and lower middle market companies posi......................

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