We work collaboratively to build financing solutions shaped to meet the needs of our private equity clients, capital partners, and investors. Audax Private Debt invests in established middle market companies through first lien, stretch senior, unitranche, second lien, junior debt and equity co-investment solutions. With the successful closing of Mezz Fund V, Audax Private Debt will continue to execute on its proven strategy of directly sourcing junior debt investments in private equity sponsor-backed companies in North America. With DLS, Audax Private Debt continues its proven strategy of directly sourcing debt investments in private equity sponsor‐backed middle market companies. The Fund enables Audax Private Debt to utilize its senior and junior debt underwriting expertise to provide unitranche and stretch senior financings of up to $175 million per transaction. Peter is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams.
As a multi-asset class manager with a range of alternative investment strategies, Audax has established long-term relationships across the middle market and invests in every tranche of the capital structure on behalf of a global and diverse investor base. While at GE Capital, Mike held various leadership positions in its leveraged finance businesses for PE sponsor and non-sponsor transactions, including new business origination, portfolio management, credit workouts, and restructurings. Senior lenders may also be amenable to mezzanine due to the lack of regularly scheduled, required principal amortisation payments and because the cash interest portion can be blocked by senior debt providers during times of business underperformance.



Founded in 1983 and headquartered in Dulles, Virginia, Unison offers its clients differentiated solutions to help them transact and manage contracts more efficiently and comply with complex federal contracting requirements. Unison’s software suites turn AI, bot, and NLP technologies into applied innovation—solving real business problems and creating opportunities for clients. A trusted partner with longstanding relationships and a track record of customer-led success, Unison currently serves all 15 U.S. cabinet-level agencies and has more than 200,000 product end users. Headquartered in Phoenix, Arizona and serving 25 markets across the U.S., A1 is a market leader in the direct-to-consumer residential repair and replacement garage door services industry.
The ESG Committee is responsible for the implementation of our ESG Policy and assesses the quality and consistency of our approach to ESG integration and risk management. At Audax Private Debt, Environmental, Social, and Governance (“ESG”) principles have been an important factor in our investment decision Mary Hoover Drucker making and our management process since our inception. Vortex Companies is a provider of trenchless infrastructure rehabilitation products and services. Prior to Blackstone’s acquisition of GSO Capital in 2008, Colleen joined GSO with a team from the RBC Capital Markets’ Debt Investments Group.

Since joining Audax in 2000, Young has invested in more than 40 Audax platform companies. Young primarily focuses on business services, specialty distribution, and medical devices and products. Prior to joining Audax, Young was with Donaldson, Lufkin & Jenrette, Inc. and JPMorgan Chase & Co.
DLS exceeded its fundraising target of $1.25 billion with commitments from a diverse set of institutional investors from the U.S., Europe, Asia‐Pacific, the Middle East, Canada, and Latin America. Including anticipated leverage, DLS has over $2.6 billion of total capital available to deploy in North American middle market companies. Bryant is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams. Dan is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams. Robin is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams. Remington is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams.
Additionally, David is active with the San Francisco chapter of SEO Scholars, which provides educational and career opportunities for underrepresented minority public school students and the St. Jude Children’s Hospital. Audax dedicates time, resources, and expertise to support a wide array of nonprofit and charitable organizations across Boston, San Francisco, New York, and the local communities in which our businesses operate. Our ESG Committee includes the President of Audax Private Debt, three Managing Directors, and our internal ESG Specialist.

Audax Private Debt achieved the highest position in PitchBook’s 2023 Annual U.S. PE Lending League Tables, securing the #1 spot as the most active lender in U.S. PE. Additionally, the firm is proud to have attained the #1 rank in both the “Overall” and “Select Roles” lists of PitchBook's 2023 U.S. Prior to joining Audax, Joe worked at The Parthenon Group, a strategic advisory firm. Joe received an M.B.A. from The Wharton School at the University of Pennsylvania and a B.A.
In an uncertain rate environment, the fixed-rate options of mezzanine structures provide an interest-rate hedge, instilling more certainty for borrowers in a dynamic and evolving market. The increase in the cost of capital for floating-rate debt is also driving weaker fixed-charge coverage and interest coverage ratios. But to fully appreciate the pick-up in the mezzanine market, it helps to understand the factors influencing other areas of debt financing. Banks and other senior debt lenders have reduced their risk appetite and pulled back on their commitment sizes.

They are not intended to be a recommendation or investment advice, do not constitute a solicitation to buy, sell or hold a security or an investment strategy, and are not provided in a fiduciary capacity. They do not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Audax has provided the party above with de minimis compensation to make use of such awards and recognition. Audax Private Debt announced that, as Administrative Agent and Joint Lead Arranger, it provided a unitranche credit facility to support Odyssey Investment Partners’ acquisition of Magna Legal Services. Founded in 2005 and headquartered in Columbia, MD, GCOM delivers innovative solutions to state and local governments nationwide, with a focus on systems in health and human services, justice and public safety, licensing and regulatory markets.
Sean is a Managing Director at Audax Private Debt, and a member of our senior debt investment team. Ante is a Managing Director at Audax Private Debt, and a member of our senior debt investment team. Nate is a Principal at Audax Private Debt, and a member of our senior debt investment team. We believe experience, relationships, and continuity differentiate our team in the middle market.

This has translated into widening spreads for unitranche loans and LBO leverage levels generally trending lower. A few significant differences distinguish the gravitation to mezzanine debt from other fashion trends. The surge in interest is an outgrowth of more fundamental drivers, ranging from escalating interest rates to the ongoing retrenchment of “traditional” bank lenders. Also, while vinyl records have been collecting dust, mezzanine financing never went away.
If you require legal assistance with Debt & Collection in Plovdiv, Bulgaria, it is recommended to consult with a local lawyer who is knowledgeable about the laws and procedures in this field. A lawyer can help you understand your rights, negotiate with creditors, and represent you in legal proceedings if necessary. If you need legal advice or assistance with Debt & Collection in Plovdiv, Bulgaria, you can contact the Bulgarian National Bar Association or the Plovdiv Bar Association for referrals to qualified lawyers specializing in debt-related matters.