Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, and London. Since its founding in 1999, the firm has raised over $40 billion in capital across its Private Equity and Private Debt businesses. With more than 400 employees and approximately 180 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.
FIRM/BUSINESS SUMMARY:
Since its founding in 2000, Audax Private Debt has partnered with leading private equity firms to help finance their purchase of middle market companies. We provide senior loans, unitranche loans and junior capital in addition to equity co-investments. We source opportunities directly from financial sponsors throughout North America, investing in leveraged buyouts, acquisition financings and debt recapitalizations.
We are based in New York City and have 60+ investment professionals. Our leadership team has been in place since inception and our managing directors average 25 years of investment experience. For more information, visit the Audax Private Debt website: www.audaxprivatedebt.com
POSITION SUMMARY:
Associate – Portfolio Management
Opportunity to join a new team within Audax Private Debt focused on managing the firm’s portfolio of unitranche and mezzanine investments. You would work as part of a small, specialized group within the investment team responsible for post-closing portfolio company activity including - acquisitions, incremental facilities, amendments and restructurings, and assist with portfolio management processes.
RESPONSIBILITIES:
Underwriting of portfolio company add-on investments:
- Analysis of company performance since closing, investment merits and risks of the acquisition target, cash flows, organic vs. inorganic growth, coverage ratios, etc.
- Construction of LBO and equity co-investment return models
Amendment and restructuring analysis:
- Summaries of performance drivers, liquidity and covenant analyses, sensitivity models
Portfolio management initiatives:
- Maintain and enhance portfolio management tools including deal trackers, risk ratings, watchlist updates, amendment terms log, exposure levels, etc.
- Create portfolio marketing materials in collaboration with senior new deal originators
- Projects related to portfolio risk and monitoring initiatives
REQUIREMENTS/QUALIFICATIONS:
**Private credit underwriting experience preferred**
- 2-4 years of experience in private credit / private debt / direct lending / private equity
- Experience with workouts/restructurings is a plus
- Proficiency in Excel modeling
- Strong business writing skills
- Detail-oriented nature
- Ability to work collaboratively across multiple areas of the firm
- Thrives in environment where ‘every day looks different’
For New York City only: The base salary range for this position is $125,000 - $150,000. The base salary range represents the estimated low and high end for this position at the time of this posting. Consistent with applicable law, compensation may vary and will be determined based on but not limited to, the skills, qualifications, and experience of the applicant along with the requirements of the position, and Audax reserves the right to modify this pay range at any time. An employee may also be eligible for annual discretionary incentive compensation based on performance.
Audax offers a wide range of employee benefits, including health insurance, life insurance, disability insurance, paid time off (including sick leave, parental leave, volunteer leave, and vacation), charitable donation match, family support services (including Bright Horizons and Benefit Advocate Center), and a 401(k) in addition to other benefits.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice.
Audax Management Co. is an equal opportunity employer.
Please note that Audax Group and its affiliated entities do not accept unsolicited resumes from a third-party recruiting agency not currently under a signed agreement. Any unsolicited resume that is sent to directly to Audax Group or one of its affiliated entities, or its employees, including those submitted to hiring managers by a third-party recruiting agency not currently under a signed agreement, will be considered property of Audax Group. If a third-party recruiting agency submits a resume without an agreement, Audax Group or its affiliated entities explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the third-party recruiting agency. Any third-party recruiting agency should contact either a member of the Talent Acquisition or Human Resource team at Audax Group, in conjunction with a valid, fully executed contract for service based upon a specific job opening.
Top Skills
What We Do
Founded in 1999, Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco and London. With approximately $36 billion of assets under management and more than 360 employees, Audax is a leading capital partner for middle market companies, operating through three distinct business lines: Audax Private Equity, Audax Private Debt, and Audax Strategic Capital.
For more information, visit the Audax Group website www.audaxgroup.com.
