Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, and London. Since its founding in 1999, the firm has raised over $38 billion in capital across its Private Equity and Private Debt businesses. With more than 400 employees and over 160 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.

ABOUT AUDAX PRIVATE DEBT:
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 manage over $36B in assets across four business lines – Private Equity, Strategic Capital, Origination and Senior Debt.  Over the past 22 years, Audax Private Debt has raised over $27B of capital, investing in established middle market companies through first lien, stretch senior, unitranche, second lien, subordinated debt, and equity co-investment solutions.  Our business opportunities are sourced 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:
We are seeking a Transactional Counsel to join Audax Group’s 15 person in-house legal and compliance team. The role will provide legal advice and support to transactions and fund-related matters for Audax’ Private Debt business as well as their external stakeholders. As a key partner to our internal stakeholders, the ability to communicate legal expertise and business advice to our investment teams and internal stakeholders in a clear and concise manner will be critical to success in the role.

RESPONSIBILITIES:

  • Advise investment teams, finance, operations teams as well as external stakeholders including services providers and outside counsel, to ensure that deals close smoothly.
  • Provide legal and market advice for early stage proposed investments and/or bids, including populating deal term grids and reviewing and commenting on commitment letters and term sheets.
  • Review proposed amendments to existing investment documentation (debt and equity).
  • Track general changes in market for all relevant financing and minority equity terms and provide timely responses to questions on terms that have been agreed to in all previous deals in the portfolio.
  • Coordinate with investment teams and operations teams, and outside services provider teams, on funding capabilities, interest calculations, and other mechanical elements of credit agreement administration.
  • Respond to issues lists on credit and equity documents prepared by outside counsel and participate in related calls.
  • Oversee review of non-disclosure agreements and other high-volume agreements.
  • Maintain and update form term sheets and commitment letters and form credit agreement and related documents.
  • Strategize with investment teams on troubled credits and help manage related interactions with outside counsel.
  • Oversee and manage relationships with outside counsel, including reviewing invoices for legal fees.
  • Work with Investor Relations team to respond to investor requests regarding deal and market terms.
  • Work with investment teams, finance, and operations teams to review documentation related to subscription lines, ABLs and CLOs, weigh in on structuring/market terms/asset mix and type of financing.

REQUIREMENTS/QUALIFICATIONS:

  • Juris Doctor and current bar admission.
  • Five to seven years of legal experience working on borrower and/or lender-side financing transactions.
  • Experience at the senior associate level within Biglaw firm, major corporation, investment management, or private equity environment.
  • Proven technical, research, analytical skills, and decision-making capabilities.
  • Highly demonstrated project management skills with proven ability to manage self and team through multiple competing project priorities.
  • Proven ability to work autonomously as a self-starter yet understands the necessity to advise management of work progress, issues and/or roadblocks as they arise.
  • Proficient knowledge of equity investments, fund structuring, fund financing and risk retention rulesa plus.
  • Occasional travel is required.

LOCATION: New York, NY. This position is in the office 4 days/week. These in-office requirements may be adjusted based on the needs of the business.

For New York City only: The base salary range for this position is $250,000/yr. - $275,000/yr. with eligibility for an annual discretionary bonus based on performance. 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.

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.

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 currently under a signed agreement. Any unsolicited resume that is sent to directly to Audax Group or one of its affiliated entities, or its employees, including those submitted to hiring managers by a third-party recruiting agency not currently under a signed agreement, will be considered property of Audax Group. If a third-party recruiting agency submits a resume without an agreement, Audax Group or its affiliated entities explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the third-party recruiting agency. Any third-party recruiting agency should contact either a member of the Talent Acquisition or Human Resource team at Audax Group, in conjunction with a valid, fully executed contract for service based upon a specific job opening.

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