Audax Private Equity (“Audax”) today announced its expansion into the Financial Services sector. The segue into the Financial Services sector is a natural next step for Audax and will complement the firm’s historic focus on investments in Business Services, Consumer, Healthcare, Industrial Services & Technologies, and Software & Technology sectors. By combining Audax’ platform and established Buy & Build approach with the growing team’s experience and expertise, Audax is well-positioned to identify and invest in compelling opportunities in the Financial Services industry.
Audax’ focus in the Financial Services sector will target investments in business services, insurance services, financial technology, and wealth management, as the team looks to leverage its financial services expertise to capitalize on the rapid innovation in financial technology and other resilient, value-added sectors.
Audax is also pleased to welcome its four most recent Managing Director hires to the team. In welcoming these senior hires to the team, Audax continues to grow and enhance not only the investment team, but also the critical functions of business development and investor relations.
William “Bill” Allen joined Audax as a Managing Director focused on expanding Audax’ investment capabilities in the Financial Services sector. Mr. Allen was previously a Managing Director at The Carlyle Group and brings more than two decades of investment experience in the financial service sectors across asset and wealth management, business services, capital markets, community banking, financial technology, insurance services, and specialty finance. Mr. Allen received a B.A. from Middlebury College.
Matthew Cross joined Audax last year as a Managing Director focused on investor relations. Mr. Cross was previously a Principal in the Client and Product Solutions group at Apollo Global Management, where he was responsible for building relationships with institutional investors across North America. Prior to that, Mr. Cross was a member of the business development team at Providence Equity Partners and worked at State Street as a member of its private markets consulting team. Mr. Cross received a M.S. from Boston College and a B.A. from Boston University. Mr. Cross is a CFA Charterholder.
Megan Lundy joined Audax last year as a Managing Director focused on investor relations, based in San Francisco. Ms. Lundy was previously a Managing Director and Head of Investor Relations at Lindsay Goldberg, where she oversaw fundraising and investor relations. Prior to that, Ms. Lundy worked at DLJ Investment Partners on their investment team and at Barclays in the Global Communications and Media Investment Banking Group. Ms. Lundy received a B.A. from Columbia University.
Cory Mims joined Audax as a Managing Director focused on business development. Mr. Mims was previously a Managing Director at ICV Partners focused on transaction execution, portfolio value creation, and business development. Prior to that, Mr. Mims worked at TSG Capital Group as a Principal where he was actively involved in all aspects of deal execution, including industry research, operations and financial due diligence, and transaction structuring and financing. Mr. Mims began his career in investment banking at Salomon Brothers in New York and London. Mr. Mims received an MBA from Harvard Business School and a B.B.A. from Howard University.
