ESG considerations are a significant factor in our investment processes and the operations of our portfolio companies. Alongside our ESG consultants, we evaluate ESG risks and seek opportunities to create value through sustainability initiatives.
We embrace and integrate ESG factors into our investment strategy and believe doing so enhances our ability to build better businesses and create value.
Audax Private Equity's ESG Committee includes six Managing Directors who support the firm's commitment to responsible and sustainable investing. The ESG Committee oversees the implementation of the firm’s ESG policy, reviews pre-close ESG findings, discloses any material issues to internal and external investors, and manages ESG training for members of the deal team to ensure that the firm is aligned on responsible investment priorities informed by the Private Equity Growth Capital Council Guidelines for responsible Investment and the UN Principles on Responsible Investing.
Audax Group's DEI Committee includes seven PE Managing Directors. Our DEI values support our mission to create an environment of equity and inclusion for cultivating talent that drives us to deliver attractive returns to our investors and our vision to become the premier middle market alternative asset management firm. We endeavor to create lasting value with our commercial activities and within our communities.
The Audax Charitable Foundation (ACF) was founded to support local non-profit organizations making an impact on our communities in the Greater Boston and Greater San Francisco areas. We aim to positively impact local communities through the passions of our family of employees by supporting programs focused on Social Support & Services, Education, Healthcare and Arts & Culture.
Big Sister Association of Greater Boston’s mission is to ignite girls’ passion and power to succeed through positive mentoring relationships with women and enrichment programs that support girls’ healthy development. BSAGB serves over 1,000 girls from disadvantaged backgrounds each year in the Boston area, with 71% of its participants younger than 17. ACF funding will allow BSAGB to add 30+ new girls to its Community-Based Mentoring Program.
Boston Day and Evening Academy (BDEA) is an alternative public charter high school located in Roxbury, MA. The Academy engages young adults to build a vision for their future through supportive relationships and meaningful competency-based learning experiences and has had more than 900 graduates. ACF funding will support BDEA’s Alumni Teaching Assistant (TA) Program, helping cover the cost of teacher mentor, program coordinator and TA stipend expenses.
Boston Rescue Mission empowers individuals experiencing homelessness or who are at a risk of becoming homeless by providing them the opportunity to build and sustain self-sufficient life skills. ACF funding will go towards Boston Rescue Mission's Safe & Health shelter program, which houses more than 1,500 women and men every year. This helps the shelter provide over 25,000 meals, basic necessities, help upkeep the facilities and expand nightly capacity from 40 to 60 in 2022.
Food Link is a community organization that rescues fresh food, alleviates hunger, and contributes to environmental sustainability. The ACF grant will support food distribution partnerships with community organizations working to uplift the economic status of those in Greater Boston who have been disproportionately impacted by the pandemic and historically high inflation. Food Link anticipates a total of 8,000 people will be served through this initiative.
Founded over 50 years ago, Haley House is a multifaceted organization that uses food with purpose and the power of the community to break down barriers between people, empower individuals, and strengthen neighborhoods. The ACF grant will support Haley House’s Take Back the Kitchen program, which teaches healthy cooking and nutrition for underserved youth in Boston.
Larkin Street Youth Services is a comprehensive support program focused on the youth homelessness population. The program provides homeless youth with educational services and employment opportunities to nurture potential, promote dignity, and support movement out of homelessness. The ACF grant will support the Larkin Street Academy initiative, which serves 500 young people annually by supporting their pursuit of education and employment.
Minds Matter of Boston provides driven students from low-income families with resources to succeed in college, bridging the gap of any systemic inequities that currently exists for these students. The ACF funding will support the launch of the Propel Initiative, designed to address persistent disparities in access and opportunity for people from low income, racially diverse backgrounds to middle-class jobs.
More Than Words’ mission is to empower at-risk youth who are court-involved, in foster care, homeless, or out-of-school, by providing them with the opportunity to run a business. More Than Words services the Boston and Waltham areas through its retail and online bookstore. The ACF grant will help More Than Words invest in its ecommerce capacity, marketing initiatives, and grow its used clothing and accessories business line.
Room to Grow’s mission is to offer structured coaching, material goods and community connections to support parents so their children thrive from the start of life. The ACF grant will be used to hire additional staff and increase the organization's caseload from 625 to over 1,100 families by 2024. The funds will go towards the organization’s South End and Dorchester locations in Boston.
The Wily Network is a comprehensive college support program based in the greater Boston area offering academic, emotional, and financial support to students attending Boston-area colleges that do not have family members providing those needs due to homelessness, foster care or other circumstances. The ACF grant will help the Wily Network expand their supervisory staff and hire additional coaches.