Kirkland Advises Audax Group in Formation of Audax Private Equity Fund V at $2.25 Billion

Kirkland & Ellis advised Audax Group in the formation and fundraising of Audax Private Equity Fund V, its fifth flagship fund, which completed its global fundraising in six months and held its final closing on November 16, 2015. In a significantly oversubscribed fundraise, Fund V closed at its hard cap of $2.25 billion, exceeding its $1.75 billion target, and provided Audax with an 80 percent increase in limited partner capital commitments from Fund IV. To read more about the transaction, please click here.

The Kirkland team was led by private funds partners John Budetti and Andrew Day, and associates Azmi Ahmad, Michael Pergler, Andrew Roeder, Rachael De Chacón, and Christine Lin; tax partner Donald Rocap and associate Joel Peters-Fransen; investment management partner Robert Sutton and associate Elizabeth Richards; employee benefits partner Laura Bader and associate Jacob Glazeski, and bank regulatory of counsel Julie Kunetka.
 
The Private Funds Practice at Kirkland & Ellis is one of the largest and most experienced sponsor-side practices in the world. Since 1995, Kirkland's private funds lawyers have represented approximately 430 unique private equity sponsors in more than 800 total funds, raising more than $580 billion.