Vice President - Senior Debt

Audax Group • New York, NY

34d • $150,000 - $225,000

About The Position

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 the Audax Group website www.audaxgroup.com. or follow us on LinkedIn.

Audax Senior Debt is a highly successful and very well-established investor in the U.S. middle market private debt industry. Audax Senior Debt has invested over $30 billion across more than 850 established U.S. middle market companies in support of over 250 private equity sponsors. Our primary focus is to invest in first lien senior secured loans to support sponsor-led buyouts. The investment team maintains focus on a deep understanding of credit during both the underwriting and portfolio monitoring process.
POSITION DESCRIPTION:
This VP position will focus on underwriting and managing a portfolio of senior secured loans that will include first lien, unitranche, and in some cases junior debt facilities. The loans will include agency, co-lead, joint-lead and club member for private credit and broadly syndicated loans.
The Vice President will provide oversight and direction on new investment underwriting for junior team members, providing direction for key areas of focus with senior team and committee members, including , facilitate negotiations on grids, term sheet and broader credit documents, communicate periodic analysis on the financial performance of the companies under management, present at portfolio review investment committee and watchlist meetings, analyze incremental investment opportunities, evaluate amendment requests, follow industry trends, make follow-on primary and secondary market investment recommendations and aid in originators pitching new opportunities to sponsors. The candidate should have proficiency with credit documentation from grids, term sheets, credit agreements and related documents.

Requirements

• Bachelor’s degree
• 8+ years investment banking, direct lending, structured credit or similar experience with preference with experience in sponsor-backed direct lending
• Experience underwriting lead opportunities and managing a portfolio of senior debt investments.
• Ability to manage multiple processes for live transactions including refinancings, auctions, in various stages with close attention to detail and ability to generate detailed summaries and presentations to summarize diligence completed and update senior team members on activity of 20+ portfolio accounts
• Ability to structure and negotiate legal documentation including grids, commitment letters and broader credit documentation
• Ability to oversee and synthesize financial models, provide direction to junior team on diligence, accounting and financial concepts, data room summaries, and interface with sponsors
• Ability to assess the credit quality, structural soundness and legal risks of potential investments

Responsibilities

• Conduct industry and business due diligence devising methods for gathering and assessing financial and market data through primary and secondary data sources
• Drive due diligence process, new investment and portfolio monitoring workstreams
• Perform financial and technical analyses, develop financial models based on company and industry data to determine appropriate structures, downside protection and potential performance

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees