Audax hires Cory Mims as managing director of business development

Audax Group has brought aboard one of the industry’s highest-ranking Black Americans, Cory Mims, as managing director of business development.

The hiring of Mims comes amid a push by the Boston-based buyout and credit shop to advance diversity, equity and inclusion at the firm. It also highlights the work left to be done by Audax Group and other firms in drawing minorities, as well as women, into their executive suites.

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Scandal-rocked Apollo beefs up credit business with three senior hires

Apollo Global Management has bolstered its vast credit business with the addition of Partner Earl Hunt, Managing Director Jasen Yang, and Managing Director Subbu Alagappan. The hires take place against the backdrop of continued scandals enveloping co-founder Leon Black.

Hunt joins the firm as a partner in the credit group, according to his LinkedIn profile. He also serves as the chief executive officer of Apollo Debt Solutions and co-head of credit secondaries. Hunt previously served as a partner in the global markets division of Goldman Sachs, and in a previous role acted as co-head of U.S. distressed and loan sales, an area that Apollo specializes in.

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Sophia Lee departs as head of investor relations at Golden Gate

Sophia Lee has stepped down as principal and head of investor relations at San Francisco-based private equity firm Golden Gate Capital, Private Equity Career News has learned.

Lee was promoted to the role in April after serving as a vice president for the past two and a half years. Prior to joining the firm as an associate in 2015, she served in the tech investment banking branch of J.P. Morgan.

Lee’s departure marks at least the sixth mid-level professional to leave the firm in the past year. Private Equity Career News recently published an article describing a new firm founded by four of the professionals that left last June.

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Avance is hiring an associate in NYC or Miami: Sponsored

Avance Investment Management is a fast-growing, middle-market private equity firm focused on growth buyouts and industry consolidations in attractive segments of the services and consumer industries. The Avance team has over 80 years of collective private equity experience and a long history of partnering with founder-owned businesses, industry executives, and management teams to build dynamic businesses.

The Opportunity

Avance seeks an associate to join the investment team and play a key role in all aspects of the investment process. This includes evaluation, due diligence, financing, deal execution and portfolio management. This is an opportunity to work in an entrepreneurial environment with experienced investors. The firm is looking for passionate and talented individuals to support Avance as it grows in both its locations, Miami and New York.

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