Description
Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested $52 billion in support of over 295 private equity sponsors. Audax Private Debt provides tailored financing solutions for its clients through a comprehensive range of offerings that includes first lien, stretch senior, unitranche, second lien, and subordinated debt, as well as equity co-investments. Audax Private Debt is an experienced and trusted partner with senior leadership averaging 35 years in private credit and 23 years working together at the firm through multiple economic cycles.
For more information, please visit audaxprivatedebt.com or follow us on LinkedIn.
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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