Funds Counsel, Audax Private Debt

Overview

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  or follow us on Linked In.

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 provide senior loans, unitranche loans and junior capital in addition to co-investments in equity securities. We source opportunities directly from financial sponsors throughout North America, investing in leveraged buyouts, acquisition financing and debt recapitalizations. We differentiate ourselves by taking a long-term view as it relates to new financing and portfolio decisions.

Audax Private Debt has an established track record of helping private equity firms acquire and grow businesses.

Position Summary

Audax Private Debt seeks an experienced attorney to serve as Fund Counsel. This individual will play a key role in supporting Audax Private Debt’s fund formation, operations, and strategic growth initiatives. The position combines legal, operational, and business responsibilities, requiring someone who can operate with significant independence and sound judgment in an entrepreneurial environment to help facilitate Audax Private Debt’s continued growth.

The ideal candidate is collaborative, commercially minded, and will be empowered to add value beyond traditional legal execution. This individual will serve as a trusted legal advisor and thought partner to investment, investor relations, and business management teams, and will interact regularly with the firm’s limited partners.

• Collaborate alongside the firm’s stakeholders on strategic initiatives, in a hybrid role that spans both business and legal functions
• Act as a key liaison between Legal, Finance, Tax, Operations, Investor Relations, and Compliance teams, ensuring efficient coordination across business functions
• Lead and oversee outside counsel in drafting and negotiating fund documentation
• Collaborate with outside counsel to create new structural solutions for investment products based on the needs of the firm and its key limited partners
• Partner with Investor Relations and senior management to formulate terms and product positioning
• Negotiate directly with lead institutional investors and key stakeholders to support fundraising and relationship management objectives
• Manage updates to existing fund documentation and coordinate amendments across investor relationships
• Review and negotiate placement agent agreements and other service provider contracts
• Partner with key internal stakeholders to facilitate structuring and execution of limited partner and third-party co-investments
• Provide pragmatic, business-oriented legal advice on fund formation and compliance matters
• Support investment professionals regarding fund financing facilities and select transaction execution matters (including 40 Act analysis)

• Law degree required; ability to practice in-house in a position based in New York
• At least 4-7+ years of relevant investment funds, finance, mergers & acquisitions, securities or corporate experience required (with an emphasis on investment funds practice)
• Prior in-house experience at a leading private credit or other alternative asset management firm is preferred; prior experience at a leading corporate law firm is required
• Demonstrated ability to operate independently and manage complex legal and business issues
• Experience interacting directly with institutional limited partners and investors preferred
• Experience with a range of private debt investment structures and products (private funds, separate accounts, funds of one, and BDCs)
• Familiarity with SEC regulation of private fund advisers and related compliance framework
• Exceptional analytical, writing and speaking…