Audax Private Equity

Audax Management Company, LLC serves pooled investment vehicles and institutional investors rather than individual retail clients, acting as investment adviser and manager to private funds and affiliated pooled vehicles. The firm reports approximately $20.1 billion in regulatory assets under management (as of December 31, 2025) and provides sourcing, structuring, monitoring and disposition services for long‑term private equity and debt investments on behalf of those Funds.

The firm’s investment approach emphasizes control-oriented, middle‑market buy‑and‑build strategies—targeting platform companies and add‑on acquisitions while pursuing operational improvements and follow‑on financings—and also manages certain mid‑hold, junior‑debt and co‑investment strategies alongside third‑party sponsors. Its advisory materials describe use of leverage, bridge financings, and a range of deal‑level fee arrangements (transaction, monitoring and other fees) that factor into how investments are structured and managed.

Compared with many peers, Audax discloses a multi‑office operating footprint (five offices) and makes use of third‑party ratings and endorsements in its public materials and advertising, which the firm’s brochure and public disclosures call out alongside its affiliated adviser relationships (including Audax Management Company (NY), LLC and Audax PDB Management Company, LLC). The Form ADV Part 2A also provides unusually detailed discussion of fee offsets, co‑investment allocation, continuation transactions and expense allocation processes, reflecting extensive disclosure of conflicts and how the firm addresses them.