Audax Group held its first closing on Audax Mezzanine Fund, raising...

Audax Group held its first closing on Audax Mezzanine Fund, raising $270 million in commitments. Investors include the $160 billion California Public Employees’ Retirement System, Sacramento, and the $1 billion endowment of the University of North Carolina at Chapel Hill. The fund will focus on middle-market mezzanine financings with the typical investment ranging between $15 million and $40 million.