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.
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 scheduled, required principal amortisation payments and because the cash interest portion can be blocked by senior debt providers during times of business underperformance.



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.
The awards may not be representative of any one client’s experience with Audax and is not indicative of Audax’ future performance. Audax has or may provide certain of the parties Mary Hoover Drucker above with de minimis compensation to make use of such awards and recognition. Prior to Audax, Mr. Wolpow was a General Partner and Managing Director of Bain Capital.

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.
The Company has grown rapidly, both organically and through acquisitions, since its founding in 2007. Today, A1 is one of the largest and most reputable residential garage door service providers in the country. Since joining Audax in 2006, David has been involved with over 30 of Audax’ platform companies. David primarily focuses on medical products and healthcare services, business and industrial services, and specialty distribution. Audax Group targets investments in the U.S. middle market, the world’s third largest economy as measured by Gross Domestic Product . Prior to joining Audax in 2015, Jason worked at Morgan, Lewis & Bockius LLP and Bingham McCutchen LLP as Counsel, where he advised private fund clients and other investment advisers.
Additionally, David is active with the San Francisco chapter of SEO Scholars, which provides educational and career opportunities for underrepresented minority public school students and the St. Jude Children’s Hospital. Audax dedicates time, resources, and expertise to support a wide array of nonprofit and charitable organizations across Boston, San Francisco, New York, and the local communities in which our businesses operate. Our ESG Committee includes the President of Audax Private Debt, three Managing Directors, and our internal ESG Specialist.

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. Prior to joining Audax, Joe worked at The Parthenon Group, a strategic advisory firm. Joe received an M.B.A. from The Wharton School at the University of Pennsylvania and a B.A.
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.

Rob is a Principal at Audax Private Debt, and a member of our senior debt investment team. Even in benign environments, mezzanine debt holds unique appeal, with attributes that senior-only facilities don’t provide. Mezzanine, today, is being used by sponsors not just for new platform financing arrangements but also portfolio company expansion, when sponsors need to fund M&A but are reluctant to reprice existing credit facilities at today’s higher rates. Tim is an Analyst at Audax Private Debt, and a member of our senior debt investment team.
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.

Our proprietary reporting systems provide us with customized views of qualitative and quantitative ESG data, enhancing our team’s analytical and reporting capabilities. HR Green is a provider of infrastructure design, consulting, and civil engineering services. The Company serves public and private sector clients on projects across transportation, water, municipal advisory, broadband, and land development.
He was previously employed at Drexel Burnham Lambert and Donaldson, Lufkin & Jenrette, where he began his career and focused on leveraged finance. Marc Wolpow is Co-Chief Executive Officer and Co-Founder of Audax Group and Executive Chairman of Audax Private Debt. 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.