About Mary Hoover Drucker

BNP Paribas priced the upsized $505.5 million Audax Senior Debt CLO 8 LLC transaction. Before joining Audax in 2019, Steve worked for Great Point Partners, where he focused on evaluating and executing leveraged buyouts and growth equity investments in the Healthcare Industry. The lawyers at Plovdiv Legal are experienced in debt collection of contractually owed debt from legal entities and individuals residing in Bulgaria. Solid relationships and flexible solutions are key to private debt’s ongoing success in the PE mid-market, says Audax Private Debt president Kevin Magid. Our team is collaborative, experienced, and has built lasting relationships, establishing Audax Private Debt as a trusted name in the U.S. middle market.
At Audax Private Debt, Environmental, Social, and Governance (“ESG”) principles have been an important factor in our investment decision 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. Rich is a Managing Director and Chief Operating Officer for Audax Group, based in Boston. Prior to joining Audax 1999, Rich was the Chief Financial Officer of Streamline.com, a publicly traded Internet service company.

Sydney is a Principal at Audax Private Debt, and a member of our unitranche and junior debt investment teams. Colleen is a Managing Director at Audax Private Debt, and a member of our senior debt investment team. Dinko is a Managing Director at Audax Private Debt, and a member of our senior debt investment  team.
Remington is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams. John is a Principal at Audax Private Debt, and a member of our unitranche and junior debt investment teams. David is a Vice President at Audax Private Debt, and a member of our unitranche and junior debt investment teams. Joe is a Vice President at Audax Private Debt, and a member of our unitranche and junior debt investment teams. Richard is a Vice President at Audax Private Debt and is a member of 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 Mary Hoover Drucker scheduled, required principal amortisation payments and because the cash interest portion can be blocked by senior debt providers during times of business underperformance. Mezzanine arrangements may also include “pay-if-you-can” features subject to certain interest-coverage ratios, which also appeal to other lenders. Moreover, the blended all-in cost of capital can often be lower for senior/junior hybrid structures in which the company or sponsor is pursuing an acquisition strategy and lower-priced senior debt can be used incrementally to finance add-ons.
These laws outline the rights and responsibilities of creditors and debtors, as well as the procedures for collecting debts through legal means. DLS Fund II's investors include pension funds, sovereign wealth funds, insurance companies, family offices, endowments and foundations. A1 Garage Door Service is a provider of garage door repair and replacement services to residential customers. InnovateMR is a tech-enabled provider of survey and panel managed services research for market research agencies, consultancies, and corporations. Prior to joining Audax, David was a strategy consultant at The Monitor Group, a strategic advisory firm in Cambridge, MA. David received a B.S. We believe sound ESG practices have the potential to improve performance while promoting a positive impact on society and the greater environment.

Kevin is responsible for overseeing all facets of Audax’ debt business, including origination, underwriting, and portfolio management as well as setting the business’ strategic direction. Founded in 1997 and headquartered in Raleigh, NC, TEP is a leading provider of engineering, inspection, maintenance, and construction management services for telecommunication infrastructure. The Company serves cell tower owners, wireless carriers, and fiber network providers throughout the U.S. and Canada.
Audax Private Equity Partnering with middle market leaders to fuel growth and build value. The observation that everything old is new again, ironically, never seems to get old. This is particularly true in 2023, as vinyl records again outsell CDs and acid-wash jeans plot their own unlikely comeback. Heightened interest in mezzanine financing similarly suggests sponsors have a desire to turn back the clock.

Borrowers can attach mezzanine facilities behind various senior debt levels and ultimately utilise more leverage than all-senior deals. 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.
We endeavor to create lasting value with our commercial activities and within our communities. Audax Private Debt announced that it participated in a unitranche credit facility to support the refinancing and acquisition of Qlarion by Sagewind Capital’s portfolio company, GCOM Software (“GCOM” or the “Company”). Audax Group manages capital for investors worldwide, making investments through the full capital structure of the U.S. middle market. The common thread across each of our business lines is a dedicated focus to support middle market companies. As our investment operations and businesses have scaled, our dedication to this segment remains unchanged, creating a competitive advantage and edge to source, support, and help grow middle market companies. The demand for mezzanine today, from borrowers as well as other lenders, is fuelled by the flexibility this form of financing provides.
Chelsea is a Principal at Audax Private Debt, overseeing portfolio management for our Originated Debt platform. Prior to joining Audax in 2009, Alex was a Manager of Business Development at Arrowstreet Capital, where he built relationships with institutional investors on a global basis. Prior to Arrowstreet, Alex was a Principal at Hamersley Partners, where he helped emerging managers raise capital.

We are a collaborative, trusted financing partner with a long and successful track record of investing across a wide range of industries and transaction structures. In 2022, Mr. Wolpow established the Arbour Way Foundation , of which he serves as Chairman. Through AWF, Marc, his wife Robin, and their children support programs in health equity, educational opportunity, reproductive rights, and environmental defense. Among the organizations benefitted by AWF are Boston Children’s Hospital, Memorial Sloan Kettering Cancer Center, The American Civil Liberties Union, and the Natural Resources Defense Council. PitchBook’s 2023 Global League Tables rankings are compiled using the count of completed deals for the specified criteria.
Along with his business partner, Geoff Rehnert, Mr. Wolpow manages the firm and has overseen all phases of Audax Group’s development since its founding in 1999. Prior to starting Audax Private Debt in 2000, Kevin was a Managing Director in the Leveraged Finance/Merchant Banking Group at CIBC World Markets Corp. He also previously worked at Drexel Burnham Lambert, Wasserstein Perella and Kidder Peabody, principally in a leveraged finance role. 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.