Audax Private Debt Reputation?
Interested in the firm and I’m aware of their strong PE brand. Regarding their private debt group, how do they compare to other mezzanine debt funds (or other credit shops that offer analyst programs)? What have their returns been like? For those in credit, what is their reputation across the street?
Would appreciate any insight on any of the above questions.
RBC bruh
Anyone have superday this week
Any insight?
Hi, I'll be interviewing with them for a superday tmrw, would really appreciate some insights!
I’ve done a few deals with them. They’ve been around for a long time. Historically they were doing small pieces of lower middle market deals. Within the last few years they raised a little bit more money and have been a lot more active. I’m sure there is a wall between them and the buy side guys but there is probably a lot of LP crossover which I would view as a huge positive.
They don't lead a lot of deals. They did one for an accounting/advisory firm deal recently iirc but most deals they just participate. Not sure being the private debt arm of a PE helped them or not. On one hand, the sponsors are direct competitors of their PE arm, on the other hand, we’ve had PEs with PD arm asked us to get allocation on deals we lead using the relationship they have with us on the PE side.
Any sophomores receive an offer yet for 2024?
Have you had interviews?
Bump
Bump, any info on return offer rates for their interns? Also what does comp and wlb look like now?
Anyone had first round second round or Superday? It would be helpful to hear about any interview related experiences
talked to HH about an opp there - they don't really do much Mezz stuff anymore. Almost exclusively focused on LMM DL. Platform just doesn't have the necessary scale to have really differentiated capabilities.
What is the associate 1 comp at Audax Private Debt?
Bump
Bump - would love additional insight into comp here
They a pain in the ass to work with, grinder culture, and can confirm associate comp is slightly below market
Can you provide a range of what you think associate all-in comp is?
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