Vice President - Senior Debt

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

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 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
• 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 current

Benefits

Additional Information

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.

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