PE Today: Blue Wolf Closes $1.1 Billion Fund, Audax Expands Investment in Surgical Products
Plus, New York Life Investments Alternatives announces a rebrand.
Read the top headlines from Monday, April 4, 2022 below:
New York Life Investments Rebrands Mid-Market Alternatives Investor
New York Life Investments has announced the launch of the Apogem Capital brand, its private markets alternatives investor that targets the middle-market. Combining GoldPoint Partners, Madison Capital Funding and PA Capital, Apogem Capital offers private equity fund investments in addition to direct lending, junior debt and more. Apogem Capital has $37 billion in assets under management, New York Life Investments said in its announcement, noting that its New York Life Investments Alternatives brand has been retired.
Blue Wolf Closes $1.1 Billion Fund for Healthcare and Industrials
Blue Wolf Capital has closed its Fund V at its hard cap of $1.1 billion, the private equity firm said in an announcement Monday (April 4). Existing investors as well as new pension funds, foundations, family offices and other investors contributed to the oversubscribed fund, which will focus its investment strategy on middle-market companies across the healthcare and industrial industries.
In its announcement, Blue Wolf pointed to its overarching investment strategy, which includes ESG principles, which will continue with this fund. In a statement, Blue Wolf managing partner Jeremy Kogler said the firm has expanded its team “to meet the growing demands” of the portfolio.
Related content: Assessing Value & Risk in Healthcare Transactions
Audax Places Additional Investment in Aspen Surgical Products
Audax Private Equity has closed its single-asset continuation fund for additional investment in portfolio company Aspen Surgical Products, a press release said. Aspen Surgical provides single-use surgical products; Audax first invested in the business in 2019. Since, Aspen tripled the company’s scale through geographic expansion, product innovation and five acquisitions, according to Audax managing director David Wong. With the latest investment, Audax will pursue additional acquisitions and fuel organic growth, he added.
