Audax Mezz Fund in Market, But Where's the Close?
Audax Group confirmed today with an SEC filing that it is in the market raising a $750 million mezzanine fund, a follow-up to the firm’s $700 million second fund. The fund was first reported by peHUB in July. At the time, Audax Co-CEO Geoff Rehnert told peHUB that the firm expected to close on Audax Mezzanine Fund III LP in Q4, however the SEC filing does not indicate any capital raised. I’ve got a call in to Audax about why that is. UPDATE: Audax called back with no comment, given SEC restrictions against marketing. The firm’s prior mezz fund may be nearing full deployment, considering it was 70% spent in July.
9 December 2009•2 mins read
