Curious what folks think about Audax for an associate role in 2023– what funds would one take it over / take over it, how does it set one up for UMM/MF lateraling (a stretch I know) business school, etc?
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Did a brief stint there… not a great experience. There are instances where you can move upmarket but it’s definitely rare. Best way of understanding this is probably just looking at former employees. I’d say the largest mix of folks move to smaller firms or other mid-market PE firms but you’ll see the occasional move to UMM.
On business school, in the past I think H was more common (as you can see with the senior people there) but these days it’s mostly Wharton. Because they do promote upwards, they allow you to do a sabbatical if you opt of out business school.
Biggest issue for me was just the culture and WLB. Very toxic (can tell with the high churn there) and also terrible hours in part due to the buy and build strategy which leads to you doing a ton of small tuck-ins… would approach with caution though you inevitably do learn a lot from being grinded
Have close ties to Audax. If your goal is to ultimately work UMM/MF, I’d look elsewhere. Audax works similar hours, has a “sweaty” reputation, but you will get your reps in and know everything inside and out. Definitely harder to move to UMM/MF, but Audax is respected enough to the point where if you work hard, you could lateral.
Regarding what firms I’d take over Audax—again, what are your future goals and where do you want to exit? Really depends, I know people that have turned down MF to go to Audax, and others that have jumped shit at the first opportunity.
How would Audax compare to banks’ internal PE arms like MSCP or GSCP
Is audax considered UMM now with their latest fund being $8bn?
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