BOSTON and SAN FRANCISCO – February 7, 2023 – Audax Private Equity (“Audax”), a capital partner for middle and lower middle market companies that seeks to facilitate transformational growth, was recognized in the latest global ranking of large private equity (“PE”) firms published by HEC Paris-Dow Jones. The listing – The ‘Top Decile’ Worldwide Ranking: Top 20 out of 632 PE Firms – is based on the aggregate performance of buyout funds raised between 2010 and 2019.
“We are truly honored to be included in this ranking, which we’ve always held in high regard,” said Young Lee, Partner and Co-President of Audax Private Equity. “This recognition is a testament, first, to our people, as we’ve always embraced a team-approach. But it also speaks to our broader network and relationships across the industry, which are centered around collaboration and trust built over the past 25 years.”
The HEC Paris-Dow Jones ranking represents the latest honor for Audax Private Equity. Over the past 12 months, Audax was voted Mid-Market Firm of the Year in North America in the 2022 Private Equity International (“PEI”) Awards and was also voted among the “Best of the Best” private equity firms in the mid-cap category by South Korean institutional investors surveyed by The Korea Economic Daily, Global Edition (“KED Global”). Audax Private Equity Fund VI was also ranked among the top five funds over $1 billion in size in Preqin’s 2023 ranking of the Top Performing Funds by Net IRR.
“Our persistence stems from the investments we’ve made in our platform, as well as our dedication to the Buy & Build approach,” added Keith Palumbo, Partner and Co-President of Audax Private Equity. “Our steadfast focus on the middle and lower middle market, and attention to consistent execution, provides the foundation that underpins our investment strategy and our persistent performance.”
Methodologies + Links:
The HEC Paris-Dow Jones Private Equity Performance Ranking is an annual quantitative performance ranking compiled by HEC Paris strategy professor Oliver Gottschalg (holder of the school’s Antin IP Chair on Private Equity and Infrastructure) and published each year by HEC Paris Business School and Dow Jones. The ranking uses performance data, as of September 2023, from Preqin or provided directly to HEC for the purpose of the performance rankings. The organizers base their rankings on IRR, DPI and TVPI data, both, as absolute values and as measured against the corresponding benchmark, and deploy a proprietary statistical method that considers the empirically-derived historical reliability of performance measured at a given “fund age” as weights. For more information, please visit: https://www.hec.edu/sites/default/files/documents/Press%20release%20HEC%20Paris-DowJones%202023%20Large%20Buyout%20Performance%20Ranking.pdf
None of the aforementioned award programs – The HEC Paris-Dow Jones Rankings, The PEI Awards, KED Global's LP Survey, or Preqin League Tables – should be considered an endorsement of Audax or its funds by the authors or distributors of the rankings or honors. These awards may not be representative of any one client’s experience with Audax and is not indicative of Audax’ future performance. These awards are not intended to be a recommendation or investment advice; they do not constitute a solicitation to buy, sell or hold a security or an investment strategy, and they are not provided in a fiduciary capacity. These awards do not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action.
For methodologies and links regarding the 2022 PEI Awards, The Best Asset Managers by Korean Investors 2022; and Preqin®️’s Digital League Tables, please refer to the following link: https://www.audaxprivateequity.com/news/audax-private-equity-awarded-multiple-honors-in-first-quarter .
ABOUT AUDAX PRIVATE EQUITY
Based in Boston and San Francisco, Audax Private Equity is a leading capital partner for middle and lower middle market companies that seeks to facilitate transformational growth. With approximately $19 billion of assets under management, over 250 employees, and 100-plus investment professionals, the firm has invested in more than 170 platforms and 1,250 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, across six core industry verticals, Audax helps portfolio companies execute organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value. For more information, visit www.audaxprivateequity.com or follow us on LinkedIn.