Audax Raises $3bn for Second Direct-Lending Fund

Audax Raises $3bn for Second Direct-Lending Fund

Audax Group’s private debt arm has reached the fundraising limit for its latest direct-lending vehicle, collecting $3bn to finance private-equity buyouts of middle-market companies. The firm exceeded its $2.25bn fundraising target for the vehicle, Audax Direct Lending...
Arcano closes €450m secondaries fund

Arcano closes €450m secondaries fund

Spain’s Arcano has closed a secondaries fund on €450m, exceeding its €300m target. The vehicle received commitments from institutional and private banking investors across Europe and Latin America. The fund is the fourth specifically dedicated to completing...