# Audax Group: portfolio, investments and team

> Audax Group is a private equity based in United States. 6 investments on record, latest Feb 2015. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/audax-group (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Audax Group

Filed with the SEC to raise a fund in Sep 2026, closing $644M. Last cheque observed Feb 2015.

Email

Quiet New fund $644M, Sept 2026 Private equity

Growth Buyout Debt Health Care Software Impact Investing

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 6 on record

Since the last cheque **4273** days **00** hrs **00** min **00** sec

Median round **$22M** Rounds led **0 of 6** Sole investor **2 rounds** Exits **3 from the portfolio** Mostly in **United States, 100%**

Pitch Audax Group

## Audax Group highlights

- 01 6 rounds on record
- 02 Mostly Series C and Growth: 60% of its rounds
- 03 Sole investor in 2 rounds, median $100M
- 04 3 exits from the portfolio

## What they do

> Partnering with middle market leaders to fuel growth and build value. From their own website

- **Type:** Private equity
- **Cheque size:** Not stated
- **Stages:** Growth Buyout Debt
- **Sectors:** Health Care Software Impact Investing
- **Based in:** Boston, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **6 appearances**

- **2015** 1 round
- **Feb** **[Corepoint Health](https://millionrounds.com/company/corepoint-health)** US **Undisclosed** Sole investor
- **2014** 1 round
- **Sept** **[Magnitude Software](https://millionrounds.com/company/magnitude-software)** Growth · US **$100M** Sole investor
- **2004** 1 round
- **Jan** **[deNovis](https://millionrounds.com/company/denovis)** Series C · US **$22M** With 4 others
- **2001** 1 round
- **Feb** **[VIEO](https://millionrounds.com/company/vieo)** Series A · US **$20M** With 3 others
- **2000** 2 rounds
- **May** **[Snapfish](https://millionrounds.com/company/snapfish)** Series B · US · snapfish.com **$36M** With 3 others
- **Jan** **[Lockstream](https://millionrounds.com/company/lockstream)** Series C · US · variety.com **$15M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **16 named**

AI **Adls Iii Business Lgp S.A R.L.** Promoter i Filing they signed

AG **Alexander Gardiner** Interim Chief Financial Officer i Filing they signed

DH **Daniel H. Weintraub** Executive Officer of General Partner i Filing they signed

DH **Daryl H. Brown** Director i Filing they signed

DG **David G. Moyer** Director i Filing they signed

GS **Geoffrey S. Rehnert** Co-Founder of Audax Group; Executive Officer of General Partner i Filing they signed

GB **Grant Bokerman** Secretary i Filing they signed

JS **Jason Scoffield** Chief Compliance Officer i Filing they signed

JF **Joseph F. Nemia** Director i Filing they signed

KP **Kevin P. Magid** Executive Officer of General Partner i Filing they signed

MB **Marc B. Wolpow** Co-Founder of Audax Group; Executive Officer of General Partner i Filing they signed

MP **Michael P. McGonigle** Executive Officer of General Partner i Filing they signed

PH **Patrick H. Dowling** Director i Filing they signed

RV **Rahman Vahabzadeh** Executive Officer i Filing they signed

SV **Steven V. Ruby** Executive Officer i Filing they signed

UP **U. Peter C. Gummeson** Managing Director i Filing they signed

We also hold **48** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Who backs their funds

## 1 LP on record in Audax Group's funds

- **Committed:** $350M
- **Funds:** 3
- **Vintages:** 2010 to 2020

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2026.

- [**Minnesota State Board of Investments** 3 funds *$350M*](https://millionrounds.com/fund/minnesota-state-board-of-investments) Fund Vintage Committed Audax Mezzanine Fund V 2020 $150M Audax Mezzanine Fund IV-A 2015 $100M Audax Mezzanine Fund III 2010 $100M

## Exits from the portfolio

Companies it backed that were later bought or listed **3 in all**

**[Snapfish](https://millionrounds.com/company/snapfish)** Bought by [Hewlett-Packard](https://millionrounds.com/fund/hewlett-packard) **$300M** Apr 2005

**[Lockstream](https://millionrounds.com/company/lockstream)** Bought by Irdeto Access **$60M** Mar 2005

**[Lockstream](https://millionrounds.com/company/lockstream)** Bought by Irdeto Access **$60M** Jan 2005

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$644M**

raised in Sept 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Growth Buyout Debt

Median round joined **$22M** the round, not its cheque Alone, median **$100M**

Led 0 of 6 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Feb 2015
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Series C *2*
- Growth said *1*
- Series A *1*
- Series B *1*
- Buyout said *-*
- Debt said *-*

Cheques by year Led Joined

2000 2015

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## Mentioned on podcasts

Episodes that name Audax Group in their description, not their title.

- [The Neon Show](https://millionrounds.com/podcasts/neon-show) 22 Mar 2020 · 38 min Vaibhav Domkundwar, Better Capital With [Vaibhav Domkundwar](https://millionrounds.com/person/vaibhav-domkundwar-3) Mentions [Better Capital](https://millionrounds.com/fund/better-capital)[Audax Group](https://millionrounds.com/fund/audax-group) Apple Podcasts

## Quick answers about Audax Group

### What does Audax Group invest in?

Audax Group invests most often at Series C and Growth (60% of the rounds on record), in sectors such as Health Care, Software and Impact Investing.

### How active is Audax Group?

6 investments on record, 0 of them in the last 12 months. The most recent was in Feb 2015.

### How big are Audax Group's cheques?

The median round it joins is $22M.

### Does Audax Group lead rounds?

Rarely, if at all: none of its 6 investments on record names it as the lead.

### Where does Audax Group invest?

Most of the companies it backs are in the United States (100%).

### Is Audax Group investing now?

No investments in the last 12 months; the latest was in Feb 2015.

### What kind of investor is Audax Group?

Audax Group is a private equity firm based in Boston, United States.

### Has Audax Group raised a new fund?

Its latest fund filing with the SEC was in Sept 2026, reporting $644M raised.

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