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.
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 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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.