Audax Management Company (Ny), LLC (New York)

Name: Audax Management Company (Ny), LLC
Address: 320 Park Avenue, New York, NY, 10022
Telephone: 212-703-2700

Audax Management Company (Ny), LLC is a large advisory firm based in New York. It manages $8.9 billion of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Massachusetts, and New York.

Audax Management Company (Ny) provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Audax Management Company (Ny): assets under management

The assets under management (AUM) of Audax Management Company (Ny), LLC is $8.9 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 333% since the beginning of its operation, and $1.02 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $8.9 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.32 million each.

Audax Management Company (Ny) has custody of $568.1 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Audax Management Company (Ny), LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Audax Management Company (Ny) serves?

The firm provides services to pooled investment vehicles and business development companies. The largest group of clients of Audax Management Company (Ny) is pooled investment vehicles with 31 clients and $8.3 billion of assets under management. Among the 8 most similar advisory firms, Audax Management Company (Ny) has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $8.61 billion for 32 clients. 11% of the firm’s clients are foreign persons or businesses.

Audax Management Company (Ny) also advises several private funds. Namely, nineteen hedge funds and eight private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000,000.

Careers at Audax Management Company (Ny), LLC

The company employs 41 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marc B. Wolpow 1995 Family Trust	Member	1 Nov 1995	Other	04-6794561
Kevin Paul Magid	Managing director	1 Mar 2000	Other	1410890
Llc Audax Management Company	Sole member	1 Mar 2000	75% - 100%	04-3477377
Ulf Peter Christian Gummeson	Managing director	1 Jun 2000	Other	2384716
Daniel Harris Weintraub	General counsel	1 Jun 2006	Other	6002608
Michael Patrick Mcgonigle	Managing director	1 Apr 2007	Other	1561151
Richard Thomas Joseph	Chief operating officer	1 Jan 2008	Other	6002606
Reuben Benjamin Ackerman	Chief compliance officer	1 Nov 2011	Other	6002571
Daniel Harris Weintraub	General counsel, managing director	1 Dec 2011	Other	6002608
Aileen Cecille Keaney	Chief compliance officer	1 Jan 2012	Other	6021686
Heather Ross Zuzenak	Chief compliance officer	1 Apr 2012	Other	6060600
Daniel Harris Weintraub	Chief compliance officer, general counsel, managing director	1 Jul 2013	Other	6002608
Byron Pavano	Chief compliance officer, fund counsel	1 Aug 2013	Other	6244688
Jason Currier	Executive vice president, finance & chief financial officer, private equity	1 May 2017	Other	7091857
Michael Elvis Rettagliatta	Senior vice president, finance and cfo, private debt	1 Sep 2017	Other	4791674

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ronald Bradford Malt	Trustee	1 Jun 1997	Other	6026779
Geoffrey Scott Rehnert	Member	1 Mar 2000	25% - 50%	6001101
Marc Brian Wolpow	Member	1 Mar 2000	25% - 50%	1294486
Barry Stuart Volpert	Trustee	1 Nov 2002	Other	1659566
Geoffrey Scott Rehnert	Member	1 Jun 2019	25% - 50%	6001101
Marc Brian Wolpow	Member	1 Jun 2019	25% - 50%	1294486
Llc Audax Management Holdings	Sole member	1 Jul 2019	75% - 100%	04-3477377

Based in New York

The principal office where Audax Management Company (Ny), LLC performs its advisory services is located at 320 Park Avenue, New York, NY 10022 The mailing address of the firm is 101 Huntington Avenue, Boston, MA 02199. An additional office of the firm is in San Francisco, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-703-2700 or by fax 212-703-2799. The normal business hours are 9am-6pm on Monday - Friday. You can find more information about the New York firm at audaxgroup.com.