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How Private Equity Firm Audax Bought a Fund . . . From Itself.

Sponsored Private equity firm Audax Group announced Thursday that it 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.   Audax has closed what is called a 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.   Here’s how it works: a private investment firm sets up a new fund, then uses ...
Andrew Ahern Kinderhook Industrie Audax Group Alpinvest Partners Lexington Partners Michael Hacker

Bushfire recovery from air

Date Time Bushfire recovery from air Grass trees are some of the first plants to regrow after a bushfire. Wikimedia, CC BY Two days before Christmas 2019, a fire reached a heritage-protected bush property in the Adelaide Hills, destroying a neighbour’s house. For the next two weeks residents were on constant alert to keep the fire in check, recalls an article in The Conversation. Flinders University Professor Jorg Hacker, Chief Scientist at South Australia-based Airborne Research Australia (...
Cudlee Creek South Australia Kangaroo Island Flinders University Scientist At South Airborne Research Australia Scientist At Airborne Research Australia

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