Audax Group Overview
Audax Group is one of the leading alternative investment managers. The firm was founded in 1999 and has offices in London, San Francisco, New York, and Boston.
What sets Audax Group apart is its dedication to supporting middle market companies in particular. They operate through three distinct business lines:
- Audax Private Equity
- Audax Private Debt
- Audax Strategic Capital
Audax Group tends to invest in the US middle market which is the world’s 3rd largest economy in terms of Gross Domestic Product (GDP).
The firm has over 1,000 investors and has done transactions in more than 30 countries.
Geoffrey Rehnert and Marc Wolpow are the Co-Founders and Co-Chief Executive Officers of the firm. Mr. Rehnert is also the Executive Chairman of Audax Private Equity, while Mr. Wolpow is the Executive Chairman of Audax Private Debt. They both manage and oversee the firm since its founding.
Audax Group AUM
According to Audax Group’s publicly available record, the firm has $38 billion in assets under management as of June 30, 2023.
Audax Group Interview Process & Questions
Despite the changes in the interview changes for each candidate, the general nature of the process stays the same for the most part. In fact, you can anticipate the following:
- Interview rounds: 4-6
- Initial interviews are supervised by junior professionals, while later rounds are handled by more senior folks
- Unless it’s on-campus or on-cycle recruiting, expect that the entire process will last for multiple weeks
Get ready to answer a mixture of behavioral questions, technical questions, and fit questions when you interview at Audax Group.
To help you with preparation, I’ve created a Growth Equity Interview Guide. Feel free to check it out.
Why Audax Group
One of the questions you must prepare for is the “Why this firm” question.
If you’ve met employees at the firm during your networking efforts, make sure to mention them and how their experiences and testimonies helped in choosing their firm.
Also, do your homework and research the firm. You can try listening to interviews with its founders, management team, and investors to get to know them better.
For starters, here’s a great interview with Audax Group’s Co-Founder, Geoff Rehnert:
Audax Group Case Study
Communication skills and technical knowledge are two traits that investment firms highly value. To evaluate these, firms like Audax Group ask candidates to perform case studies.
Most case studies will have you do financial modeling and investment recommendations. But for junior roles, a cold calling case study may also be part of the process.
Check out my Growth Equity Interview Guide if you need more help regarding case studies.
Audax Group Salary & Compensation
According to Glassdoor, analysts at Audax Group have earned salaries of $92,197 per year, while associates have estimated annual salaries of $110,104. Actual figures may vary depending on several factors.
Audax Group Careers, Jobs, & Internships
View open roles at Audax Group inside our job board where we also feature all open roles for similar firms.
Audax Group Portfolio & Investments
As per Crunchbase, Audax Group has made 29 investments and manages 7 funds. Some of their notable deals include Data Intensity, Senneca, and Magnitude Software.
Notable Transaction: A&A Manufacturing
A&A Manufacturing is a company based in New Berlin, Wisconsin that manufactures engineered safety and protective equipment for industrial groups. The company has operations in Germany and North America.
In August 2014, Audax Group, which had a majority stake in the manufacturer in 2007, sold A&A Manufacturing to 3i.
The deal was valued at $202.5 million and 3i has invested about $110 million, plus debt, as per Ken Hanau, 3i Managing Partner.
Before the transaction, A&A acquired Halltech and MFG Technik, two German companies. The company also plans to have more add-on acquisitions in Asia, North America, and Europe.
If you decide to send your application and build your investing career at Audax Group, I would highly recommend that you check out my Growth Equity Interview Guide first before attending interviews.
Growth Equity Interview Guide helps professionals get a good grasp of topics that are typically covered during interviews such as financial modeling, case studies, and more. Check it out and start learning today!