Associate, Private Debt

Audax Group; New York (NY); On-site; USD 120,000 - 150,000; Full time

Benefits offered by this job

Health insurance

401(k)

Paid time off

Life insurance

Disability insurance

Job summary

A leading investment manager in New York City is seeking an Associate to join their private debt team. The successful candidate will evaluate investment opportunities, conduct due diligence, and interact with senior leadership. They should have 1-4 years of relevant experience, exceptional communication skills, and the ability to thrive in a team environment. The role offers competitive compensation alongside a supportive team culture and growth opportunities.

Qualifications

• 1-4 years of experience in investment banking or direct lending.
• Exceptional attention to detail and communication skills are crucial.

Responsibilities

• Evaluate and screen new investment opportunities.
• Conduct industry and business due diligence.
• Create and review financial models and assess deal structures.
• Interact with executive management teams of portfolio companies.

Skills

Strong work ethic

Excellent communication

Attention to detail

Ability to thrive in team

Leadership potential

Job 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.

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

Associates work as integral team members of a highly skilled and experienced professional team. Responsibilities include evaluating and screening new investment opportunities, conducting industry and business due diligence, creating, or reviewing financial models and assessing alternative
deal structures. In addition, the role encompasses start to finish work on all aspects of a transaction, including the monitoring of portfolio companies. Associates will interact with executive management teams for new investment opportunities as well as Audax Private Debt portfolio companies. In addition, an Associate will participate in all elements of deal review and the investment committee process and will have a high level of interaction with the senior leadership.

Opportunities

• Opportunity to join an entrepreneurial and growing team with exceptionally talented and experienced Origination focused professionals
• Opportunity to develop a broad range of business skills including:
  competitive strategy, industry and customer analysis, risk assessment, financial analysis, LBO modeling, debt financing, and portfolio company management
• Supportive, collegial, and energetic team culture

Requirements / Qualifications

• 1-4 years of experience in investment banking or direct lending
• Strong work ethic and demonstrated desire to learn

Audax Management Co. is an equal opportunity employer.

• Excellent communications skills, both written and verbal
• Exceptional attention to detail
• Ability to thrive in a team environment
• Highly motivated; demonstrated leadership potential

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.

The base salary range for this position is $120,000 - $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.

Audax Management Co. is an equal opportunity employer.

Demographic Information

• How would you describe your racial/ethnic background? (mark all that apply)
  • Black or of African descent
  • East Asian
  • Hispanic, Latinx or of Spanish Origin
  • Middle Eastern or North African
  • Native Hawaiian or Pacific Islander
  • South Asian
  • Southeast Asian
  • White or European
  • I prefer to self-describe
  • I don't wish to answer
• How would you describe your gender identity? (mark all that apply)
  • Man
  • Non-binary
  • Woman
  • I prefer to self-describe
  • I don't wish to answer

Veteran Information

As set forth in Audax Group’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection. As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

• “Disabled veteran”: one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.
• “Recently separated veteran”: means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.
• “Active duty wartime or campaign badge veteran”: means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.
• “Armed forces service medal veteran”: means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

Disability Information

Form CC-305 Page 1 of 1 OMB Control Number 1250-0005 Expires 04/30/2026

Why are you being asked to complete this form?

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

Completing this form is voluntary, and we hope that you will choose to do so. Your answer is confidential. No one who makes hiring decisions will see it. Your decision to complete the form and your answer will not harm you in any way. If you want to learn more about the law or this form, visit the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp.

How do you know if you have a disability?

A disability is a condition that substantially limits one or more of your “major life activities.” If you have or have ever had such a condition, you are a person with a disability. Disabilities include, but are not limited to:

• Alcohol or other substance use disorder (not currently using drugs illegally)
• Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, HIV/AIDS
• Blind or low vision
• Cancer (past or present)
• Cardiovascular or heart disease
• Celiac disease
• Cerebral palsy
• Deaf or serious difficulty hearing
• Diabetes
• Disfigurement, for example, disfigurement caused by burns, wounds, accidents, or congenital disorders
• Epilepsy or other seizure disorder
• Gastrointestinal disorders, for example, Crohn's Disease, irritable bowel syndrome
• Intellectual or developmental disability
• Mental health conditions, for example, depression, bipolar disorder, anxiety disorder, schizophrenia, PTSD
• Missing limbs or partially missing limbs
• Mobility impairment, benefiting from the use of a wheelchair, scooter, walker, leg brace(s) and/or other supports
• Nervous system condition, for example, migraine headaches, Parkinson’s disease, multiple sclerosis (MS)
• Neurodivergence, for example, attention-deficit/hyperactivity disorder (ADHD), autism spectrum disorder, dyslexia, dyspraxia, other learning disabilities
• Partial or complete paralysis (any cause)
• Pulmonary or respiratory conditions, for example, tuberculosis, asthma, emphysema
• Short stature (dwarfism)
• Traumatic brain injury

Public burden statement: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.