Founded in 1913 and headquartered in Cedar Rapids, IA, HR Green supports its public and private sector clients on projects across a wide range of end-markets, including transportation, water, municipal advisory, broadband, and land development. Through its depth of engineering expertise and experience, the Company offers industry-leading technical solutions that help to build and improve communities across the Midwest, South, Mountain West, and California. Over the past 17 years, Joe has been involved with more than 30 of Audax’ platform companies. Joe primarily focuses on healthcare, business services, distribution, and industrial technology investments. Prior to joining Audax in 2023, Chelsea was a Director on the Private Credit and Capital Markets team at KKR. She also previously worked as a Director within Guggenheim Partners Asset Management focused on private credit investment and origination, and held underwriting roles on the direct lending teams of Golub Capital and CIT.
Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $36 billion in support of over 275 private equity sponsors. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. Audax Private Debt invests in established middle market companies through first lien, stretch senior, unitranche, second lien, subordinated debt, and equity co-investment solutions.



Audax Private Debt issued its eighth new issue middle market CLO, adding a number of new lenders to the Audax Senior Debt CLO platform and bringing its CLO AUM to $3.9 billion. 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.
He is responsible for originating and executing new investments and monitoring portfolio companies. Adam is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams. Steve is the Co-Head of Originated Debt at Audax Private Debt, overseeing Mary Hoover Drucker our unitranche and junior debt investment teams. Over the last 24 years, we have raised around $31 billion of capital across our senior debt, unitranche, and junior debt strategies to provide financing solutions for middle market, private equity-backed companies.

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.
Even as all-senior financing structures and unitranche facilities have become more common, mezzanine remains critical within the capital structures of sponsor-backed companies. For instance, despite the appearance of one legal document, some historical unitranche facilities were, at times, carved up into first-out/last-out positions via a separate lender agreement. More recently, mezzanine funds have generally had flexibility to invest in traditional unsecured notes, second lien loans, holdco PIK notes, and preferred and common equity. Adam joined Audax in 2000 and has since invested in 40 platform companies across healthcare, consumer, and software/technology sectors. Prior to joining Audax, Adam was with the private equity firm Thomas H. Lee Partners, where he focused on leverage buyouts across a number of industries.
He also previously worked at Morgan Stanley & Co in its real estate principal investment group. Our DEI values support our mission to create an environment of equity and inclusion for cultivating talent that drives us to deliver attractive returns to our investors and our vision to become the premier middle market alternative asset management firm. 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.

Pieter is a Vice President at Audax Private Debt, and a member of our senior debt investment team. John is a Vice President at Audax Private Debt, and a member of our senior debt investment team. Ludwig is a Principal at Audax Private Debt, and a member of our senior debt investment team.
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. Tom Noto is a Managing Director at Audax Private Debt, and a member of our senior debt investment team.

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.
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. Borrowers can attach mezzanine facilities behind various senior debt levels and ultimately utilise more leverage than all-senior deals.

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.