Page 20 - Continuation Fund News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Investment firm acquires renewable energy firm Terra-Gen
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ECP Announces Successful Closing of $1 2 Billion Continuation Fund for Renewables Platform Terra-Gen
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ECP Announces Successful Closing of $1 2 Billion Continuation Fund for Renewables Platform Terra-Gen
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Audax has closed a $1.7bn Continuation Fund Friday, January 15, 2021
Laxman Pai, Opalesque Asia:
The US-based alternative investment manager Audax Group has closed a deal to buy one of its own funds with the help of fellow investment firms AlpInvest Partners, Lexington Partners, and Hamilton Lane.
The private equity firm said in a press release that its first Continuation Fund - a transaction that allows a private investment firm to hold onto portfolio assets for longer so they can have time to fully realize returns - with 1.7 billion in capital commitments, which funded the purchase of portfolio companies from Audax Private Equity Fund IV, a 2012 vintage fund with $1.25 billion in capital commitments.