Tag: Audax Group

Audax joins other firms seeking to hire restructuring professionals

It may be a good time to brush up on your restructuring and turnaround skills.

Boston-based Audax Group, for example, has opened a search for a restructuring professional to help manage underperforming credits.

The role isn’t a new one. Nor is it part of a new investment strategy for the firm's credit arm, Audax Private Debt, according to a source familiar with the firm. The new hire would join an established workout team focused on monitoring portfolio companies for credit risk and on capital preservation.

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StepStone Group adds two senior executives to private wealth arm

The private wealth arm of New York City-based money manager StepStone Group has added two senior executives responsible for drumming up more clients among the well-to-do. The hirings come as alternative asset managers race to tap the coffers of wealthy investors, seen as the next great frontier in fundraising.

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Ex-Audax Group managing director launches Point A Capital

Ryan Bruehlmann, who spent just over 15 years at Boston-based Audax Group, most recently as managing director in its private equity arm, has launched an independent sponsor called Point A Capital.

"I've always been intrigued by the opportunity to build something of my own from the ground up," said Managing Partner Bruehlmann in an interview earlier today. "It's always been something in the back of my mind. It was when not if."

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Audax Group hires managing director, talent management

Rebecca Walker has joined the leadership team of Boston-based credit and buyout firm Audax Group as managing director of talent management and development, Private Equity Career News has learned.

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Bertram Capital ignites a debut fund; seeks investment associate

Less than two years after closing its fourth flagship fund at $940 million, Bertram Capital is in the market with its successor, as well as with a debut fund whose handle includes the word "Ignite." The firm also seeks an associate to join its investment team.

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New crop of IR executives takes charge of fundraising

Private equity firms have been hiring IR executives at a furious pace this year, reflecting growing competition to win the hearts of institutional and wealthy backers.

Among those climbing aboard IR departments this spring:

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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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Financial services investor William Allen Leaves Carlyle Group for Audax Group

William Allen has stepped down as managing director in the global financial services group of The Carlyle Group to join buyout shop Audax Group as managing director.

Allen spent 12 years at the Washington, D.C.-based Carlyle Group, where he invested in such sectors as wealth management, community banking, financial technology, insurance services and specialty finance. Among the firm’s portfolio companies he had a hand in backing were Barbon Insurance Group, Bank of Butterfield, BenefitMall, Central Pacific Financial, Conifer Financial Services and The TCW Group Inc.

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