Audax Private Credit Review: Private Credit & Direct Lending Focus, Portfolio & Deal Criteria

Complete guide to Audax Private Credit: their private credit investment thesis, portfolio companies, typical deal sizes, and how to position your company for investment.

Key Takeaways

  • •Focus on Business Services, Healthcare, Manufacturing companies
  • •Investment range: $10M-$100M in equity
  • •Based in United States
  • •Sector-specialized expertise

Recent Investment Activity

  • Manufacturing Company — Manufacturing — Senior Debt — 2024
  • Business Services Company Services — Unitranche — 2024
  • Healthcare Company — Healthcare — Subordinated Debt — 2024

What Audax Private Credit Looks For

  • Strong cash flows — Companies with predictable revenue and EBITDA profitability analysis to service debt
  • Experienced management — Management teams with track record of execution
  • Defensible position — Companies with competitive advantages and market position
  • Clear use of proceeds — Well-defined capital deployment strategy
  • Asset coverage — Adequate collateral and asset base for debt protection

Pro Tip

Audax Private Credit looks for companies with strong cash flows and experienced management. Demonstrating ability to service debt is essential.

How to Connect With Audax Private Credit

  • Demonstrate Cash Flow Strength — Showcase your ability to service debt through strong and predictable cash flows.
  • Prepare Financial Infrastructure — Ensure clean financials with consistent EBITDA profitability analysis and cash flow generation.
  • Articulate Use of Proceeds — Develop a clear plan for how capital will be used to grow the business.
  • Build Relationships — Leverage professional networks and advisors to get introductions.

Pro Tip

Demonstrate a strong management team with equity ownership alignment.

Frequently Asked Questions

What industries does Audax Private Credit focus on?

Audax Private Credit primarily invests in Business Services, Healthcare, Manufacturing. The firm seeks companies with strong market positions and clear growth trajectories.

What size companies does Audax Private Credit acquire?

Audax Private Credit typically invests $10M-$100M in equity, targeting companies with enterprise values in the lower to middle market range.

What is Audax Private Credit's typical investment size?

The firm's equity investments generally range from $10M-$100M, positioning them as active investors who can provide meaningful capital for growth.

How long does Audax Private Credit's due diligence process take?

Due diligence timelines vary by deal complexity, but Audax Private Credit typically conducts thorough financial, operational, and market due diligence over several weeks to months.

What should I prepare before engaging with Audax Private Credit?

Prepare three years of audited financials, detailed market analysis, management team bios, growth plans, and a clear vision for how the partnership would create value.

How does Audax Private Credit work with portfolio companies?

Audax Private Credit takes a partnership approach, working closely with management teams on strategic initiatives, acquisitions, and operational improvements.

Ready to Connect With Audax Private Credit?

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This article is part of our Private equity firms | Eagle Rock CFO guide.