Description
Founded in 1999, Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, London and Hong Kong. With approximately $42 billion of assets under management and more than 475 employees, Audax is a leading capital partner for middle market companies, operating through three business lines: Audax Private Equity, Audax Private Debt, and Audax Strategic Capital.
For more information, visit www.audaxgroup.com or follow Audax Group on LinkedIn.
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 co-investments in equity securities. We source opportunities directly from financial sponsors throughout North America, investing in leveraged buyouts, acquisition financings and debt recapitalizations. We differentiate ourselves by taking a long-term view as it relates to new financings and portfolio decisions. Audax Private Debt has an established track record of helping private equity firms acquire and grow businesses.
We are based in New York City and have 50+ investment professionals. Our leadership team has been in place since inception and our managing directors average 25 years of investment experience.
Position Summary
The Associate will serve as an integral member of the Audax Private Debt investment team, supporting the underwriting of new first lien senior secured loan investments and the ongoing monitoring of portfolio companies across Audax Private Debt portfolios. This role offers broad exposure to the entire investment lifecycle, including transaction evaluation, due diligence, financial modeling, deal execution, portfolio management, and investment committee processes.
This position provides a unique opportunity to join a highly collaborative and entrepreneurial team while developing expertise across credit investing, financial analysis, industry research, risk assessment, debt financing, and portfolio management.
Key Responsibilities
Investment Underwriting & Due Diligence
- Analyze and evaluate investment opportunities supporting sponsor-backed leveraged buyout transactions.
- Conduct detailed industry, market, customer, and competitive analyses to assess investment opportunities.
- Build, review, and maintain complex financial models, including forecasting, leverage, liquidity, and downside analyses.
- Evaluate alternative capital structures and investment terms to determine appropriate risk-adjusted returns.
Deal Execution & Investment Committee Process
- Participate in all stages of transaction execution from initial screening through closing.
- Prepare investment memoranda, presentations, and supporting materials for investment committee review.
- Clearly communicate investment recommendations and credit views through written analyses and verbal presentations.
Portfolio Management & Monitoring
- Monitor a portfolio of existing investments, including financial performance, compliance, ratings activity, amendments, waivers, and market developments.
- Analyze amendment requests, refinancing opportunities, add-on investments, and secondary market opportunities.
- Monitor industry trends and market developments that could affect portfolio performance.
Qualifications
Required Experience
- Bachelor’s degree required.
- 2 - 4 years of experience in investment banking, direct lending, private credit, structured credit, leveraged finance, or a related field.
- Experience developing and utilizing detailed financial models.
- LBO/ sponsor transaction exposure
- Experience analyzing leveraged transactions and corporate credit risk preferred.
- Experience with credit committee exposure and investment memo preparation preferred.
Skills & Competencies
- Strong analytical, quantitative, and problem-solving skills.
- Ability to assess the credit quality and risk profile of potential investments.
- Excellent written and verbal communication skills, including presentation experience.
- Strong work ethic and demonstrated desire to learn and develop professionally.
- Ability to thrive in a collaborative, team-oriented environment.
- Strong academic record.
Why Audax
Audax offers a unique opportunity to join a growing and entrepreneurial private debt platform with exposure to all aspects of the investment process. Team members gain hands-on experience in credit underwriting, financial analysis, industry research, debt financing, transaction execution, and portfolio company management while working alongside experienced investment professionals in a supportive, collegial, and high-performing environment.
LOCATION:
New York, New York. 4 days/week in office. These office requirements may change based on the needs of the business.
OTHER DUTIES:
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.
For New York City only: The base salary range for this position is $110,000 - $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.
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