Audax Mezzanine Fund

Audax Mezzanine Fund III

Audax Mezzanine FundVINTAGE 2011PRIVATE EQUITY FUND

NET IRR

9.6%

TVPI

1.31x

DPI

1.30x

COMMITMENT

$100M

LP SOURCES

2

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$100M$107M9.6%1.31x1.30xSOURCE ↗
Colorado PERA2024-12-31$40M$40.1M9.7%1.28xSOURCE ↗